Professional Documents
Culture Documents
Digital Business
Life
Page 15
Page 27
NO. 2195
TSC out to
hie 70,000
teaches fo
thee months
BY BD TEAM
BY NEVILLE OTUKI
MANUFACTURING
NEWS INDEPTH
5.4%
Pages 12-13
2014
2015
4.6
10.2
16.6
9.9
Transport/
communication
5.7
6.2
Financial
7.9
Electricity
Construction
Agriculture
2.1
5.4
Manufacturing
8.3
4.5
SOURCE: KNBS
CONSTRUCTION
9.9%
TOURISM
0.8%
British soldiers to be
tried locally in new deal
Page 19
Page 20
BRIEFING
4.5%
TOP NEWS
Judicial Sevice in
pomotions ow
with cout wokes
New pact
Nairobi
Monday
Tuesday
Wednesday
Thursday
This index of businesses mentioned in todays issue of the Business Daily is intended to
include all signicant references to companies.
Friday
Nairobi
Hi: 250C
Lo: 140C
Hi: 210C
Lo: 130C
Hi: 220C
Lo: 140C
Hi: 230C
Lo: 130C
Hi: 220C
Lo: 130C
Kampala
Hi: 26 C
Lo: 150C
Hi: 25 C
Lo: 120C
Hi: 25 C
Lo: 120C
Hi: 26 C
Lo: 140C
Hi: 26 C
Lo: 130C
Dar-es-Salaam
Hi: 300C
Lo: 190C
Hi: 280C
Lo: 220C
Hi: 280C
Lo: 220C
Hi: 290C
Lo: 220C
Hi: 290C
Lo: 230C
businessdailyafrica
Kigali
Hi: 25 C
Lo: 160C
Hi: 27 C
Lo: 120C
Hi: 27 C
Lo: 130C
Hi: 27 C
Lo: 140C
Hi: 27 C
Lo: 140C
BD_Africa
Bujumbura
Hi: 300C
Lo: 170C
Hi: 310C
Lo: 150C
Hi: 310C
Lo: 140C
Hi: 310C
Lo: 140C
Hi: 300C
Lo: 150C
www.businessdailyafrica.com
Index to companies
KPC..................................6
MTN................................17
UFAA.............................. 19
Del-Monte ...................... 7
PS .................................. 18
KBA................................ 19
Yahoo.............................11
LG .................................. 18
NSE................................ 19
Alibaba...........................11
Apple............................. 18
CMA ..............................20
Longhorn ...................... 16
GoPro ............................ 18
Safaricom.....................20
Simbapay...................... 16
HP.................................. 18
BoE ................................ 21
CBE.................................17
Phonejoy....................... 18
WTO .............................. 21
TOP NEWS
RADAR SCREEN
REUTERS
Traders work on the oor of the New York Stock Exchange: Dissident shareholders are reshaping the way chief executives manage their businesses and boardrooms.
FILE
TOP NEWS
Constuction dags
second quate
gowth to 5.5pc
per cent, the second the global average of 16.1 per cent.
quarter growth makes
Activity in the construction, which
it dicult for the economy to realise the has for long kept the economy growTreasurys 6.5 to 7 per cent forecast for ing, also slowed down to 9.9 per cent
the year, adding that momentum has compared to 16.6 per cent in the second
been lacking in the third quarter and quarter of last year.
Construction, which mainly conis unlikely to pick up in the nal quarter of the year.
sists of infrastructure projects such as
The economy grew by 5.3 per cent roads, railways and real estate, grew at
last year helped by a robust six per cent the highest rate of 11.3 per cent in the
expansion in the second quarter, which rst three months of the year.
was the years best.
National Construction Authority
Analysts modest exchairman Steven Oundo
pectation for the third and
attributed the slowdown
to rising cost of loans and a
fourth quarter of the year
It is a good
weaker shilling, which has
is informed by the Central
Bank of Kenyas decision to outcome in light raised costs for private deincrease the policy rate in of the pevailing velopers.
The KNBS data, howevMay and June to a high of
climate that
er, shows that commercial
11.5 per cent, whose eect
is undelain
bank interest rates eased
has been the increase in
to an average of 15.38 per
commercial bank interest
by tubulent
rates beginning September,
exchange ate and cent from 16.68 per cent in
portending a slowdown in
the second quarter of 2014,
ising inteest contrary to Mr Oundos asconsumption.
The Kenya National Busertion.
ates
reau of Statistics (KNBS)
KNBS director-general
ALY-KHAN SATCHU
second quarter data, which
Zachary Mwangi says in
RICH MANAGEMENT
was released yesterday,
the agencys latest report
shows that activity slowed
that the (second) quarter
down in the manufacturing which grew of the year was characterised by a fairly
by 4.5 per cent compared to 8.3 per cent stable macroeconomic environment
in a similar period last year.
supported by a slowdown in ination
Kenya last week unveiled an indus- and decline in interest rates. The report
trialisation blue print aimed at spurring shows that the energy sector posted the
growth in the sector that has stagnated best performance, having grown 10.2 per
at 11 per cent of gross domestic product cent compared to 4.6 per cent in a simi(GDP) for the past 10 years compared to lar period last year, helped by increased
From Page 1
SOURCE: KNBS
Amendment
Attorney-General Githu Muigai yesterday told Appellate Judges Erastus
Githinji, Philomena Mwilu, Festus
Azangalala, James Odek and Martha
Koome that the implementation of the
50 to 60 per cent basic pay award to
the teachers in the manner proposed
by the Labour Court would require a
constitutional amendment.
UK soldies to
be tied locally
unde new deal
PACT Kenyan laws to apply for
Bungoma youth
petition EACC
on wheelbaows
BY LILLIAN MUTAVI
A group of Bungoma youth has petitioned the Senate, the ethics agency
and the Directorate of Criminal Investigations to review county government tenders, including the purchase
of wheelbarrows at Sh109,000 each,
saying they were inated.
The petitioners also cite embezzlement of funds, nancial impropriety
and skewed employment.
We have ocially brought our
petition; before it was hearsay that
the county spent Sh109,000 on a
wheelbarrow. We want a clear investigation on the matter, said Dalton
Simiyu, 24.
They also asked the Ethics and
Anti-Corruption
Commission
(EACC) to investigate the acquisition of 32 acres of land at Musikoma
at Sh6 million per acre, which they
said was inated.
The county government bought a
Toyota Fortuner at Sh9.6 million and
raised the budget for a maize meal
programme in Kamukuywa from
Sh376 million to Sh1.2 billion, stated
the petition.
Farmers got local cows at Sh82,000
each, believing these were exotic and
pure breed dairy cows, they claimed
in a list that also contained an oce
partitioning project whose budget was
Sh15 million and the fencing of the
governors oce at Sh26 million.
The petitioners questioned the recruitment process, accusing the Public
Service Board of biased hiring and disregarding requirement of minimum
qualications.
Mr Michael Mubea, the EACC
deputy chief executive, said 15 counties, including Bungoma, were being
investigated for graft.
The wheelbarrow case had been
investigated but the ethics agency will
also work on the list of petitions presented by the youth, he said.
BY KIARIE NJOROGE
CORPORATE NEWS
Barclays Bank has denied any involvement in the alleged illicit transfer of a
134-acre piece of land in Karen whose
dealings have sucked in past and
present senior government ocials.
The lender yesterday told a Nairobi
High Court that it only held the land as
security for a loan taken by a business-
CORPORATE NEWS
ADVERTS Firm says move is an act of good faith but does not amount to admitting liability
Aitel emoves
M-Pesa banding
fom agent shops
including its symbols on the advertising billboards of its agents.
Airtel Kenya says it has removed all MSafaricom says it had written a
Pesa branding from its mobile money cease and desist letter to Airtel on
agency outlets in response to a court May 15 over the use of its logo by Aircase led by Safaricom claiming tel Money agents after investigations
showed infringement in 69 outlets
breach of its trademark.
Linda Kaai-Kiriko, Airtels legal across the country.
The telco, which
and regulatory aairs
has a commanding
manager, says in court
lead market share,
documents that the reclaimed that Airtel
moval of the references
Aitel acted with
initially wrote to it
to M-Pesa in all its adspeed and deleted
vertising boards is an
saying it was not
all efeences to the aware of the tradeact of good faith but does
not amount to admitting
mark
infringeplainti s sevices
any liability.
ment and that it
Upon realising that
would undertake
LINDA KAAI-KIRIKO, AIRTELS LEGAL AND
this suit had been led
investigations and
Airtel acted with speed
revert.
REGULATORY AFFAIRS MANAGER
and deleted all references
Airtel
later
to the plaintis services
wrote an e-mail
from its boards by July 14, says Ms to Safaricom seeking a way forward
Kaai-Kiriko in the court papers.
on the shared agents branding on
Safaricom moved to court in June May 27.
claiming that Airtel was infringing on
Ms Kiriko claims that Airtel enits M-Pesa trademark for the promo- gaged its rival in discussions to nd
tion and marketing of Airtel Money by an amicable solution after the rm re-
Stima Sacco
in Sh1.3bn
housing plan
BY MUGAMBI MUTEGI
BY SANDRA CHAO-BLASTO
Other Voices
Jeremy Corbyn
Britains Labour Party leader
Workers build the Grand Renaissance Dam near the Sudanese-Ethiopian border. Infrastructure and energy provision remain
key challenges for Africa. AFP
Useful tool
In conclusion, Government Marketable Debt is a useful tool available to
African governments to fund much
needed infrastructure projects and
power initiatives.
However, the ability of improved
infrastructure and electricity generation to contribute to each countries
anticipated GDP growth and FDI
inows needs to be compared to the
cost implications of incurring additional government debt and the governments ability to fund interest and
debt repayments timeously.
The potential negative cash ow
implications of paying interest and settling government debt that is denominated in a foreign currency, particularly the continuously strengthening US
dollar, also needs to be considered.
Cheadle is Associate Director,
Deal Advisory and Capital Markets
at KPMG and
Geel is Managing Partner, Deal
Advisory at KPMG
10
To comment...
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include your full names, telephone number and address in your letter.
Email: bdfeedback@nation.co.ke
Honesty is the best policy? I disagree... We once had an oce party, people got
drunk and started being honest with each other... It wasnt pretty...
11
Letters
The editor welcomes brief letters on topical issues. Opinions expressed here are not necessarily those of
the editor or publisher. They may be edited for clarity, space or legal considerations.
Send via e-mail to bdfeedback@ke.nationmedia.com
calm down or assure those still living in town of a better and improved
situation.
Both the national and county
governments have equally assumed
an air of nonchalance.
What these leaders dont realise is the fact that we need the
minorities to steer the town back
to its glory days of economic prosperity yet nothing has been done
to console and encourage them to
continue as before.
Local residents are now feeling the pinch as they are nding
it dicult to get tenants for their
properties while demand for local
products has fallen because consumers are eeing.
Sadly, victims of Al-Shabaab at-
Motoists also
have a ight to
fai heaing
GAD OUMA
REGULATIONS
Unlawful
What in fact happens in most of these instances is the unlawful detention of driving
licences and other properties belonging to
the helpless and innocent motorists who are
subjected to a dubious and opaque process in
clear contravention of the Constitution.
The purported fees levied pursuant to overloading charges are only in the knowledge of
KeNHA ocials and are in fact nes arbitrarily
imposed as penalties for contravening the regulations. Contrary to the practice under these
regulations, the Constitution guarantees the
right to a fair hearing. It is therefore a legitimate expectation of all motorists that KeNHA
or any other enforcement agency shall aord
them a fair hearing as envisaged in Article 50 of
the Constitution. Furthermore, it is also a constitutional right that upon being informed of a
charge of overloading by KeNHA, the alleged offender would be subjected to due process rather
than arbitrary imposition of penalties.
Our courts have previously pronounced
themselves on the legality of some aspects of
the regulations by stating that the penalties imposed by KeNHA are by their very nature penal
provisions and the mere fact that the penalty is
euphemistically called a fee does not change its
intrinsic character of being a penalty.
The oence of overloading is therefore subject to strict proof. There can be no presumption
in law or in the regulations that a motorist is
automatically guilty the moment he is accused
of overloading.
12
NEWS INDEPTH
Why the US
hides 700 million
baels of oil
undegound
THE
FIGURES
700
million
Amount of crude
oil barrels buried
underground
on four sites
across the US for
emergency
The worlds
superpowers
store an enormous
stockpile of oil in
secure caverns and
tanks around the
world. So why cant
we use it?
21
Sh
billion
The cost of
maintaining the
US Strategic
Petroleum
Reserves this
year.
4.6
Sh
trillion
13
NEWS INDEPTH
well over 500 million barrels of oil are stored
in large above-ground tanks. The facility at
Shibushi, for example is just o-shore. Following the catastrophic earthquake and
tsunami which struck Japan in 2011, calls
were made to expand the countrys oil stocks
in case of crises in the future which might
hamper oil distribution again.
The International Energy Agency (IEA)
oversees the release of oil from a wide range
of reserves internationally. Martin Young is
head of the agencys Emergency Policy Division: When a country signs up to the IEA
there are various obligations, he says. One
of the key obligations is to hold oil stocks
equivalent to 90 days imports.
Afican states
appove oil and
gold tax to pay
fo childens food
Specialised storage
But not all countries have salt domes to store
oil underground. Nor do all countries even
have large, specialised storage facilities
for SPR purposes. The UK, for instance,
has neither.
What the UK has is an obligation on
industry to hold oil at their existing sites
above what they would normally do, explains Young. That oil is quietly kept aside
by rms so that the government can access
it immediately, if and when its needed.
Two nations which are not members of
the IEA, India and China, have in recent
years ploughed funds into their own SPRs.
The Chinese in particular have ambitious
plans. A diverse array of storage locations,
dotted across the land will, it is hoped, eventually store almost as much as the Americans in a combination of state-owned facilities and commercial stockpiles.
The Chinese dont have the luxury of salt
caverns and have to opt instead for much
more expensive storage above ground in
tanks. Theyre easy to spot on Google Earth
and in satellite photos just look for the
rows of large white dots. The SPR site in
Zhenhai is just one of these and it currently
holds its full capacity of 33 million barrels.
It was big, says Young, who visited the
location a few years ago. What you see is
a whole load of oil tanks co-located with a
couple of oil reneries.
Narongpand Lisapahanya, an oil and gas
analyst at investment group CLSA, says that
spending money on developing an SPR is all
part of Chinas plan to be treated seriously
A man walks from a Lagos gas station with petroleum containers during a 2012 shortage. States now
opt to have petroleum reserves to minimise adverse economic effects of shortages. FILE
A man sits outside a closed electronics shop in Tokyo. Many traders were forced to close shop
after the economy shrunk in 2009 due to an oil crisis. Japan today has petroleum reserves. AFP
Geopolitical mechanisations
This expertise helps EnSys to advise groups
which control SPRs as to when and why they
might consider distributing oil to local reneries. As CEO Martin Tallett explains, its
a numbers game. By how many barrels will
your imports be short during a given crisis?
How much would have to be released from an
SPR to ease that?
What we would do is sit down with somebody and say, OK, theres disruption in the Middle East, maybe North Africa as well, he says.
And we really start from the numbers rather
than spending a lot of time understanding indepth the geopolitical machinations that could
have caused the disruption.
As governments and energy bodies continue
planning for the worst, oil stockpiles only look
set to get bigger and bigger. Its obvious that
the US and many other countries believe their
SPRs are a good investment.
Despite all the preparations, its still possible that, during a future crisis, oil might not be
distributed quickly enough from the strategic
reserves. Would we get a repeat of 1973? Bob
Corbin, for one, wont say: I wouldnt want to
speculate on what could or could not occur, he
comments. Were prepared to deliver whenever we need to.
-BBC
GUINEA
Rich in iron ore, bauxite, diamonds and gold; UNDP
Human Development Index ranking: 179
MALI
One of Africas top gold producers; UNDP Human
Development Index ranking: 176
NIGER
One of the worlds leading uranium producers; UNDP
Human Development Index ranking: 187
14
REGIONAL NEWS
AVIATION Regional states in talks to liberalise airspace, opening carrier to more business
IN KAMPALA
KAMPALA
Ugandan shilling weakens due
to corporate, dollar demand
The Ugandan shilling lost substantial ground
on Tuesday, touching a key psychological
level as it was hammered by surging appetite
for dollars from corporate clients and commercial banks. Commercial banks quoted the
shilling at 3,690/3,700, weaker than Mondays close of 3,665/3,675. Traders have mentioned 3,700 in recent weeks as the next key
support level, saying breaching it was likely
to alarm the central bank and possibly trigger an intervention. Theres signicant buying interest (for dollars) from both corporate
clients and in the interbank, said David Bagambe, trader at Diamond Trust Bank.
Most corporate demand, he said, was coming from rms in the manufacturing and energy sectors.
JOHANNESBURG
South Africa raises its 2015
maize forecast after survey
BRIEFING
in 2009, had both been living in Germany since the early 1990s and from
there co-ordinated attacks on civilians in the east of the DR Congo.
They faced accusations that they
ordered the killing of people because
they were not co-operating with the
FDLR. At the start of the trial four
years ago, German prosecutor Christian Ritscher said the two defendants had knowledge of everything,
at least most of it. The FDLR was
established by ethnic Hutus accused
of taking part in the 1994 Rwandan
genocide, who later set up their base
in DR Congo.
It became one of the most powerful rebel forces operating in the east
of the country but has rarely inltrated Rwanda. Rwanda, now led
by ethnic Tutsis, sees the FDLR as a
threat to its stability and, along with
the UN, has repeatedly demanded
its disarmament.
It has twice invaded DR Congo,
saying it is trying to prevent attacks
by the FDLR.
BUJUMBURA
Burundi ination down to
4.2 pc year-on-year in Aug
KIGALI
Rwanda central bank holds
says private sector credit up
Rwandas central bank held its repo rate at
6.5 per cent on Tuesday, saying it was achieving its objective of increasing nancing to the
economy without the exchange rate suffering signicant pressure.
Rwanda has held the benchmark rate steady
since June 2014, when it cut the repo rate by
50 basis points. Central bank governor John
Rwangombwa also told a news conference
that he expected ination to be in the range
of 3.3 per cent to 4.6 per cent by the year
end. He had previously forecast that ination
would not exceed 3.5 per cent by the end of
2015. Rwandas urban ination rate, which
the central bank watches for monetary policy
purposes, rose to three per cent year-on-year
in August from 2.3 per cent a month before.
BUSINESS DAILY
BUSINESS
TECHNOLOGY
SYSTEMS
INNOVATIONS
INFORMATION
GADGET REVIEWS
inside>>
HEALTH
MobiDawa aims
to tackle the issue
of non- adherence,
which has become a
growing concern to
medical practitioners
Different thinking
needed for digital
education delivery
Page 16>
TECHNOLOGY
BY ANGELA OKETCH
MobiDawa app developer James Odede shows a client how the application works.
Right, a user looks at some features of the application. ANGELA OKETCH
Ocer of Health Ojwang Lusi, non-adherence means that patients take their
mediation in the wrong way, in the wrong
dose or in combination with an incompatible second drug. Some patients do
not know the importance of taking medications regularly
It will be a bit dicult for everyone
to use the application more so the older
people but if they can make use of it, it
will address the issues of prescription
and wrong dosage, Dr Ojwang said.
How it works
A patient c an download the application
Mobidawa from the google play store and
search for the name of the drug he wants.
The application contains names of top
100 drugs used in the country.
Users must enter their ages, weights,
and gender, among other details, to know
the dosage they would require. They will
then be instructed on how to take the
drug and what to avoid when under
medication.
A feedback portal is also provided for
patients to say whether they got well after
taking their medicine, whether they experienced any complications or not and
if they would use the drug again.
Patients can search for information
Longhorn bets on
digital books to open
new revenue chapter
Pages 16-17>
SECURITY
Phonejoy Gamepad
2 offers Android
enthusiasts great
user experience
Page 18 >>
GADGET REVIEW
15
16
DigitalBusiness
DigitalBusiness
Technology
MBUGUA NJIHIA
Tech
Talk
BY OKUTTAH MARK
New Ushahidi BRCK Education head Nivi Mkherjee (right) with pupils. FILE
The opportunity
The Jubilee government had
education on its transformative
election agenda and the road to
Vision 2030 would be catalysed
by turning education on top of its
head and going digital. The budget
estimates for this run into the billions of shillings with the digital
dividend projected at several factors of that.
The problem
Tethered thinking saw organisations with vested interest, work
simply with what is available in
the market at face value. Partnerships with original equipment
manufacturers (OEMs) made
the most sense but middlemen
drove up prices. Some even opted to setup manufacturing plants.
Everyone seemed focused on the
laptop supply side of what is a
massive ecosystem.
A different path
Problems are solved in dierent
ways but it is always smarter to
increase strategic odds at tackling
a problem by ensuring that you
have as many parts of the solution
matrix under your control or easily addressable. That is the core of
solution architecture.
The primary consumer at scale,
for whom the benets of digital
education will be felt most, is the
rural pupil. Despite the govern-
17
Pupils use
laptops to
conduct
their studies.
Longhorn
Publishers
has
positioned
itself to
provide digital
content for
learners.
JARED NYATAYA
Reap big
Longhorns push for digital books comes on the
backdrop of a government initiative to avail all
pupils with computer devices starting January.
That means reading materials to be used must
be provided in the digital format.
Publishers, animators and local universities
are among those tipped to reap big from Kenyas Sh17 billion Digital Literacy Programme.
Victor Kyalo , the ICT Authority chief ex-
ecutive said time was long overdue for Kenyas education sector to go digital, adding that
opportunities presented by the shift far outweigh the costs.
The next phase of the knowledge economy
will require a smart society where people can
exploit their talents, identify opportunities
and be able to grow with those opportunities, he said.
Last week David Waweru the Kenya Publishers Association chairman pointed out that
the initiative will only pay o provided that,
among other things, freedom of the Press is
preserved by stakeholders.
The spirit of digital is to provide more opportunities to readers, writers, and content
creators; not limiting options. It is about greater
liberalisation of content creation and provision, not about consolidation, he said during
Tech bytes
Konza authority signs investment
partnerships with US business lobby
Konza Technopolis Authority has signed a partnership with an American business lobby, The National
Business League (NBL) aimed at linking up with
international markets. Through the agreement, local SMEs stand acquire development opportunities
through export promotion, joint ventures, strategy
alliance and direct investments.
The NBL is national federation of individuals, rms
and associations engaged in business enterprises,
with members drawn from over 37 states whose
aim is to support its members access business opportunities in deferent parts of the world.
We have received more than 200 expressions of
interest from investors both local and international.
We have registered good interest from the private
sector particularly the telecom operators and leading banks who want to locate their data centres and
other ICT investments in Konza said Eng John Tanui
(right), CEO KoTDA.
critical to build trust, as well as to our overall service delivery and performance, says Ephrem Mekuria, communications manager at CBE.
NetGuardians and TeamMate systems are designed
on the recognition that human behaviour is behind
fraudulent transactions, and it uses smart behaviour analytics based on policy rules and predictive
analytics.
With big data to correlate actions from across the
different bank systems, it can identify potential
fraud before it happens. It tracks and audits all activities continuously, in real time, and instantly
alerts risk managers to any deviations.
We recognise that CBE is strongly motivated to
improve fraud mitigation, operational and IT risk
management, transparency, and governance. Were
committed to providing them with innovative solutions that are directly aligned with their needs and
meet their most serious challenges, NetGuardians
CEO Jol Winteregg said.
Tech in action
BY OKUTTAH MARK
Mobile payments m
Beyonic tagets NGOs
Mobile payments rm Beyonic has
signed a partnership with Mobile
Accord in a deal that will increase
its footprint across Africa with a
focus on NGOs.
Beyonic operating in Kenya
and Uganda says the deal with
developer Mobile Accord will
build its relationship with leading mobile carriers to expand to
25 additional countries.
Mobile Accord works with 78
mobile carriers in 44 countries in
Africa and Asia, a footprint making the deal juicy for Beyonic.
Mobile Accord and Beyonic will
implement the roadmap, starting
with 10 markets: Cote DIvoire,
Ghana, Liberia, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, Tanzania, and Zambia.
Beyonics platform enables
businesses to deploy, track and
manage two-way mobile money
payments over multiple mobile
carriers.
For those working in emerging markets, cash payments are
riddled with security and logistical issues. Over the past few years,
mobile money has become popular both for businesses looking
to move away from cash, and for
individuals who do not have the
means to open traditional bank
accounts, said Luke Kyohere,
CEO, Beyonic
Beyonics system allows NGOs
and businesses to utilise mobile
money with very little set-up and
we are excited to expand this tool
across Africa.
Mobile money allows those in
emerging markets to pay or receive
money through even the most basic phones.
Mobile payments enable fast,
secure money transfers and reduce losses associated with cash
One platform
Beyonics cross-carrier solution
allows businesses to manage
payments in multiple countries
through one platform.
Using Beyonics online interface, companies can manage payments to employees, aid beneciaries, and vendors.
The ability to make and track
payments across any network
opens up mobile money to businesses that did not have the resources to connect to every carrier
in a country.
Beyonic has deals with, among
others, MTN, Airtel Uganda and
M-Pesa, and organisations like
Save the Children, Educate! and
Innovations for Poverty Action.
16
DigitalBusiness
DigitalBusiness
Technology
MBUGUA NJIHIA
Tech
Talk
BY OKUTTAH MARK
New Ushahidi BRCK Education head Nivi Mkherjee (right) with pupils. FILE
The opportunity
The Jubilee government had
education on its transformative
election agenda and the road to
Vision 2030 would be catalysed
by turning education on top of its
head and going digital. The budget
estimates for this run into the billions of shillings with the digital
dividend projected at several factors of that.
The problem
Tethered thinking saw organisations with vested interest, work
simply with what is available in
the market at face value. Partnerships with original equipment
manufacturers (OEMs) made
the most sense but middlemen
drove up prices. Some even opted to setup manufacturing plants.
Everyone seemed focused on the
laptop supply side of what is a
massive ecosystem.
A different path
Problems are solved in dierent
ways but it is always smarter to
increase strategic odds at tackling
a problem by ensuring that you
have as many parts of the solution
matrix under your control or easily addressable. That is the core of
solution architecture.
The primary consumer at scale,
for whom the benets of digital
education will be felt most, is the
rural pupil. Despite the govern-
17
Pupils use
laptops to
conduct
their studies.
Longhorn
Publishers
has
positioned
itself to
provide digital
content for
learners.
JARED NYATAYA
Reap big
Longhorns push for digital books comes on the
backdrop of a government initiative to avail all
pupils with computer devices starting January.
That means reading materials to be used must
be provided in the digital format.
Publishers, animators and local universities
are among those tipped to reap big from Kenyas Sh17 billion Digital Literacy Programme.
Victor Kyalo , the ICT Authority chief ex-
ecutive said time was long overdue for Kenyas education sector to go digital, adding that
opportunities presented by the shift far outweigh the costs.
The next phase of the knowledge economy
will require a smart society where people can
exploit their talents, identify opportunities
and be able to grow with those opportunities, he said.
Last week David Waweru the Kenya Publishers Association chairman pointed out that
the initiative will only pay o provided that,
among other things, freedom of the Press is
preserved by stakeholders.
The spirit of digital is to provide more opportunities to readers, writers, and content
creators; not limiting options. It is about greater
liberalisation of content creation and provision, not about consolidation, he said during
Tech bytes
Konza authority signs investment
partnerships with US business lobby
Konza Technopolis Authority has signed a partnership with an American business lobby, The National
Business League (NBL) aimed at linking up with
international markets. Through the agreement, local SMEs stand acquire development opportunities
through export promotion, joint ventures, strategy
alliance and direct investments.
The NBL is national federation of individuals, rms
and associations engaged in business enterprises,
with members drawn from over 37 states whose
aim is to support its members access business opportunities in deferent parts of the world.
We have received more than 200 expressions of
interest from investors both local and international.
We have registered good interest from the private
sector particularly the telecom operators and leading banks who want to locate their data centres and
other ICT investments in Konza said Eng John Tanui
(right), CEO KoTDA.
critical to build trust, as well as to our overall service delivery and performance, says Ephrem Mekuria, communications manager at CBE.
NetGuardians and TeamMate systems are designed
on the recognition that human behaviour is behind
fraudulent transactions, and it uses smart behaviour analytics based on policy rules and predictive
analytics.
With big data to correlate actions from across the
different bank systems, it can identify potential
fraud before it happens. It tracks and audits all activities continuously, in real time, and instantly
alerts risk managers to any deviations.
We recognise that CBE is strongly motivated to
improve fraud mitigation, operational and IT risk
management, transparency, and governance. Were
committed to providing them with innovative solutions that are directly aligned with their needs and
meet their most serious challenges, NetGuardians
CEO Jol Winteregg said.
Tech in action
BY OKUTTAH MARK
Mobile payments m
Beyonic tagets NGOs
Mobile payments rm Beyonic has
signed a partnership with Mobile
Accord in a deal that will increase
its footprint across Africa with a
focus on NGOs.
Beyonic operating in Kenya
and Uganda says the deal with
developer Mobile Accord will
build its relationship with leading mobile carriers to expand to
25 additional countries.
Mobile Accord works with 78
mobile carriers in 44 countries in
Africa and Asia, a footprint making the deal juicy for Beyonic.
Mobile Accord and Beyonic will
implement the roadmap, starting
with 10 markets: Cote DIvoire,
Ghana, Liberia, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, Tanzania, and Zambia.
Beyonics platform enables
businesses to deploy, track and
manage two-way mobile money
payments over multiple mobile
carriers.
For those working in emerging markets, cash payments are
riddled with security and logistical issues. Over the past few years,
mobile money has become popular both for businesses looking
to move away from cash, and for
individuals who do not have the
means to open traditional bank
accounts, said Luke Kyohere,
CEO, Beyonic
Beyonics system allows NGOs
and businesses to utilise mobile
money with very little set-up and
we are excited to expand this tool
across Africa.
Mobile money allows those in
emerging markets to pay or receive
money through even the most basic phones.
Mobile payments enable fast,
secure money transfers and reduce losses associated with cash
One platform
Beyonics cross-carrier solution
allows businesses to manage
payments in multiple countries
through one platform.
Using Beyonics online interface, companies can manage payments to employees, aid beneciaries, and vendors.
The ability to make and track
payments across any network
opens up mobile money to businesses that did not have the resources to connect to every carrier
in a country.
Beyonic has deals with, among
others, MTN, Airtel Uganda and
M-Pesa, and organisations like
Save the Children, Educate! and
Innovations for Poverty Action.
18
DigitalBusiness
Gadget reviews
GADGET360
Specs
The small, yet chunky Phonejoy
Gamepad 2 is almost unchanged in
terms of design.
Its a little too thick to just slip into
your jeans, but small enough to put into
a jacket pocket or cargo pants.
The buttons all feel very solid, and
clicky.
- GADGETS 360
Tech Demystied
19
Unclaimed Financial Assets Authority chief executive Kellen Kariuki speaks at the Stanley Hotel in Nairobi yesterday on public
awareness campaign to run in October. SALATON NJAU
Regulations on the unclaimed nancial assets are yet to be passed by Parliament. The authority, however, maintained companies have to comply with
the Act because the rules were to give
guidelines on how the authority was to
pay out collected funds and not how the
holders were to submit the assets.
The Kenya Bankers Association
(KBA) supported the UFAAs position urging its members to observe
the deadline.
The regulations are yet to be published and various institutions may be
waiting to ensure consistency in compliance, however, this should not deter reporting and remitting unclaimed
funds, particularly now that the authority is operational, said chief executive
Habil Olaka.
Upon receiving the assets, the authoritys rst mandate is to search for
the legal owners of the assets or their
heirs in cases where the owners are
deceased.
The authority has not paid out any
of the beneciaries who have laid claim
of assets forwarded to them due to ab-
for its primary listing due to the demand for, and relatively low supply
of, high quality and risk-averse listed
commercial property vehicles. Several
successful listed property vehicles are
already listed on the Johannesburg
Stock Exchange, said St Pauls Trust
in a statement,
Analysts say that they expect the
bourse to remain suppressed due to
the numerous prot warnings that
have been issued in recent months.
We remain neutral with a negative
bias on equities given the signicantly
lower earnings growth prospects for
this year. The market is now purely a
stock pickers market, with few pockets
of value, said a market report by Cytonn
Investments.
Pension and fund managers are
20
Safaricom Limited shareholders follow proceedings during last years Annual General
Meeting in Nairobi. Safaricom Sacco membership base include s all employees of
companies afliated to the telcom rm. FILE
duce collateral-backed lending. The
company further said that it intended
to introduce new products such as asset nance and mortgages. In the event
we do not achieve full subscription, the
board still has the option to review nancing options from the nancial
market, Mr Ochiri said.
The sacco was founded in 2001
targeting Safaricom employees who
may want to borrow money from the
host institution for investment. It currently has 8,000 members and an asset
base of Sh2.8 billion and is seeking to
Shilling ms
to 4-week high,
stocks down
The shilling strengthened to a
four-week high yesterday due to
tight liquidity and commercial
banks ooading their long dollar positions, while stocks were
down for a fourth straight session.
At close of trade at 1330
GMT, commercial banks quoted
the shilling at 104.55/75 to the
dollar, compared with Tuesdays
close of 105.25/35.
Its due to people unwinding their long (dollar) positions,
and also the overnight rates are
quite punitive, a senior trader
at one commercial bank said.
Lending rates
Tight shilling liquidity in the
money markets has driven overnight lending rates to shoot up
to a high of 28 percent from 13
per cent earlier this month.
A second trader said the
central banks activity in mopping up liquidity had contributed to those high rates. They
have made it very expensive to
run any long foreign currency
position, he said.
- REUTERS
BY JOHN GACHIRI
Services hub
We are set to launch our derivatives market, Real Estate Investment Trusts and Exchange
Traded Funds, all with an aim
of broadening our product
oering and deepening our
capital market while further
strengthening our position as
the nancial services hub for
East and Central Africa, said
NSE chief executive Georey
Odundo in August.
Derivatives are so called
because they are derived
from other assets called
underlying assets such as
equities, bonds or mortgages.
They are intended to mitigate
against risks an investor may
incur when prices of the assets
change.
21
WTO names
top isks to
tade gowth
Britains Labour Party Leader Jeremy Corbyn makes his keynote address on the third
day of the annual Labour Party Conference in Brighton, England on Tuesday. AFP
eraging, relatively slow growth and
over-reliance on cheap credit to cope
with that funk has zombied global
economies for years to come, Ahmed
added.
And in such a low growth world,
political pressure to bring central
banks into a more centrally-directed
policy framework will only increase.
The debate in Britain has shifted
squarely in that direction already:
the new left-wing leader of Britains
main opposition Labour Party, Jeremy
Corbyn, and his nance spokesman,
John McDonnell, are both long-standing critics of Bank of England independence.
McDonnell, who this week assembled a panel of advisers including Nobel laureate Joseph Stiglitz and French
economist Thomas Piketty, advocates
a Peoples QE where the BoE would
be instructed to buy bonds sold by a
new national development bank for
infrastructure projects.
And one of those advisers, academic economist and former BoE
policymaker David Blanchower,
22
MARKET DATA
Agro Commodities Market
Early Morning wholesale commodity prices Date 30-09-2015
COMMODITY
Unit
Kg
Nairobi
Mombasa
CEREAL
Dry Maize
Bag
90
2900
2600
Green Maize
Ext Bag
115
2000
5600
Finger Millet
Bag
90
7200
7650
Sorghum
Bag
90
3400
3600
Wheat
Bag
90
3300
LEGUMES
Beans Canadian
Bag
90
5800
Beans Rosecoco
Bag
90
5800
6000
Beans Mwitemania
Bag
90
5600
5300
Mwezi Moja
Bag
90
5400
Dolichos (Njahi)
Bag
90
11000
10800
Green Gram
Bag
90
9800
9450
Cowpeas
Bag
90
7200
5400
Fresh Peas
Bag
51
2500
1750
Groundnuts
Bag
110
13500
14850
ROOTS & TUBERS
Red Irish Potatoes
Bag
50
2600
2500
White Irish Potatoes
Bag
50
2800
3000
Cassava Fresh
Bag
99
2200
1800
Sweet Potatoes
Bag
98
3400
2900
VEGETABLES
Cabbages
Ext Bag
126
1400
2000
Cooking Bananas
Med Bunch 22
520
750
Ripe Bananas
Med Bunch 14
600
500
Carrots
Ext Bag
138
1600
2300
Tomatoes
Lg Box
64
4800
5000
Onions Dry
net
13
800
700
Spring Onions
Bag
142
2600
4800
Chillies
Bag
38
1900
1700
Cucumber
Bag
50
2000
2000
Capsicums
Bag
50
2000
2500
Brinjals
Bag
44
1980
1800
Cauliower
crate
39
1950
1950
Lettuce
Bag
51
1700
2000
FRUIT
Passion Fruits
Bag
57
4800
5500
Oranges
Bag
93
2700
2600
Lemons
Bag
95
2800
2400
Mangoes Local
Bag
126
2200
1800
Mangoes Ngowe
Sm Basket 25
1200
2000
Limes
net
13
910
1500
Pineapples
Dozen
13
780
960
Pawpaw
Lg Box
54
2400
1000
Avocado
Bag
90
2300
3000
Kales
Bag
50
1200
1500
OTHERS
Eggs
Tray
300
360
Commodities
Kisumu
Nakuru
Eldoret
Embu
Isiolo
Taveta
3000
1600
6200
3200
2300
1600
5800
3150
2500
720
6300
4950
2800
2200
4025
6000
3600
4800
3500
4500
9000
4500
4500
3150
7200
6500
5000
5000
4500
5400
5400
5400
4500
4950
9200
7200
2500
10000
11700
9400
7200
3500
13200
9450
8550
4050
1275
10800
7200
6300
7200
13500
3500
3500
2000
2500
4500
4500
3000
3000
1200
1100
1000
300
300
3000
5000
1170
1400
1400
350
750
1200
4000
750
1500
2000
1800
1200
1000
720
1400
4600
715
800
2200
1300
1700
1700
900
1750
3000
3000
1700
2800
1800
5000
3200
2700
3500
500
2280
4200
5800
5800
5600
5600
10000
9500
5000
3570
15000
2700
2700
1900
2200
1890
440
450
3500
1600
750
4260
4750
2000
Ottawa
14000
2500
2500
1800
2400
3000
3500
1400
850
2500
300
6900
4500
1040
2000
500
2200
3900
5610
8885
5200
7000
5000
2000
500
AGRO COMMODITIES
650
1500
1800
1200
480
3000
2000
1100
1040
2160
1500
1300
1350
1890
3500
500
700
900
1700
1200
2000
1000
280
300
360
280
330
300
PCT.CHNG
-2.49%
-0.41%
0.65%
-0.31%
1.27%
-0.84%
-0.59%
-0.02%
-4.64%
-2.59%
-0.95%
0.33%
0.41%
-0.57%
-0.39%
-0.17%
0.16%
-0.85%
-0.99%
-1.11%
1.29%
-0.25%
-0.55%
-2.89%
2.36%
-2.01%
1.18%
1.19%
-0.31%
0.74%
-0.71%
-4.55%
0.00%
1.33%
0.46%
-1.34%
0.98%
-0.18%
0.16%
0.78%
-1.59%
0.13%
1.31%
-0.44%
0.79%
-2.15%
0.89%
0.94%
0.01%
-0.01%
-1.05%
1.52%
0.00%
-0.01%
OPEN
478.81
803.60
731.46
81.53
726.11
1,195.20
964.29
686.98
678.62
594.89
367.11
957.77
2,778.49
917.40
916.01
900.92
703.25
840.42
814.52
1,426.34
306.69
783.96
967.12
894.62
752.73
991.54
367.34
932.81
953.29
545.14
429.33
811.79
787.12
266.29
616.64
1,024.05
1,167.26
1,349.35
1,102.52
634.70
620.07
933.16
3,961.49
1,320.09
564.73
1,593.50
641.25
1,119.50
809.99
1,100.08
1,013.04
1,739.24
1,209.22
1,021.64
7200
NAME
LAST
478.81
BRIC IC
BELGIUM IC DAILY 803.60
731.46
BELGIUM
81.53
BAHRAIN IC
726.11
CANADA IC
SWITZERLAND IC 1,195.20
964.29
SWIZ
686.98
CHILE IC
678.62
CHINA IC
594.89
COLOMBIA IC
367.11
CZECH REPUBL
957.77
GERMANY IC
2,778.49
DENMARK IC
917.40
EASEA IC
EASEA LARGE CAP 916.01
900.92
EU IC
703.25
EM EMEA IC
840.42
EM EM ISLAMIC
EMERGING MARKET 814.52
1,426.34
SPAIN IC
306.69
FINLAND IC
783.96
FRANCE IC
UNITED KINGDOM 967.12
GOLDEN DRAGON IC 894.62
752.73
GREECE IC
991.54
HONG KONG IC
367.34
HUNGARY IC
932.81
INDONESIA IC
953.29
INDIA IC
545.14
ITALY IC
JORDAN EGYPT MOR 429.33
811.79
JAPAN IC
787.12
KOREA IC
266.29
KUWAIT IC
EM LATIN AMERICA 616.64
1,024.05
ASIA IC
1,167.26
MEXICO IC
1,349.35
MALAYSIA IC
NETHERLANDS IC 1,102.52
634.70
NORWAY IC
620.07
NEW ZEALAND IC
933.16
OMAN IC
3,961.49
PHILIPPINES
1,320.09
PAKISTAN IC
564.73
POLAND IC
1,593.50
QATAR IC
641.25
RUSSIA IC
1,119.50
SWEDEN IC
809.99
SINGAPORE IC
SOUTH EAST ASIA 1,100.08
1,013.04
THAILAND IC
1,739.24
TURKEY IC
1,209.22
TAIWAN IC
1,021.64
SOUTH AFRICA
Fames potest
HIGH
478.81
803.60
731.46
81.53
726.11
1,195.20
964.29
686.98
678.62
594.89
367.11
957.77
2,778.49
917.40
916.01
900.92
703.25
840.42
814.52
1,426.34
306.69
783.96
967.12
894.62
752.73
991.54
367.34
932.81
953.29
545.14
429.33
811.79
787.12
266.29
616.64
1,024.05
1,167.26
1,349.35
1,102.52
634.70
620.07
933.16
3,961.49
1,320.09
564.73
1,593.50
641.25
1,119.50
809.99
1,100.08
1,013.04
1,739.24
1,209.22
1,021.64
LOW
478.81
803.60
731.46
81.53
726.11
1,195.20
964.29
686.98
678.62
594.89
367.11
957.77
2,778.49
917.40
916.01
900.92
703.25
840.42
814.52
1,426.34
306.69
783.96
967.12
894.62
752.73
991.54
367.34
932.81
953.29
545.14
429.33
811.79
787.12
266.29
616.64
1,024.05
1,167.26
1,349.35
1,102.52
634.70
620.07
933.16
3,961.49
1,320.09
564.73
1,593.50
641.25
1,119.50
809.99
1,100.08
1,013.04
1,739.24
1,209.22
1,021.64
CLOSE
491.06
806.90
726.71
81.78
716.98
1,205.34
969.99
687.10
711.67
610.71
370.62
954.59
2,767.27
922.62
919.58
902.49
702.11
847.63
822.67
1,442.39
302.78
785.96
972.45
921.24
735.38
1,011.88
363.05
921.84
956.26
541.12
432.41
850.49
787.12
262.79
613.83
1,037.96
1,155.91
1,351.85
1,100.80
629.77
630.10
931.98
3,910.31
1,325.88
560.29
1,628.57
635.59
1,109.06
809.93
1,100.21
1,023.76
1,713.27
1,209.22
1,021.72
CURRENCY LAST
NET CHNG
9.02%
BRITISH AMERICAN
SH
12.12%
12.88%
UAP
SH
12.10%
12.86%
GENCAP HELA
SH
14.50%
15.30%
16.82%
18.31%
13.95%
14.87%
-0.25
MADISSON
SH
13.53%
14.49%
2.00
CIC
SH
15.40%
16.36%
CBA
SH
12.21%
12.87%
STANLIB
SH
12.22%
12.93%
ICEA
SH
14.14%
15.18%
SH
14.37%
15.36%
NABO AFRICA
96.25
COFFEE
USD
147.50
COCOA
USD
3184.00
JPY
153.00
0.00
106.55
-0.25
0.67
GRAINS
CORN
USC
389.50
0.50
MAIZE EUR
EUR
163.00
0.50
WHEAT
USC
507.00
3.25
ROUGH RICE
USD
13.25
-0.08
OILSEEDS
SOY BEANS
USC
886.25
2.00
USC
27.20
-0.26
CANOLA
CAD
477.50
0.60
PALM OIL
MYR
2264.00
-8.00
CURRENCY
LAST
SH
9.20
60.31
8.67%
SH
370.80
USC
DAILY YIELD
SH
USD
COTTON NO2
CURRENCY
OLD MUTUAL
AMANA
SUGAR NO5
RUBBER
SOFTS
COMMODITY
Unit Trusts
NET CHG
SH
96.25
CURRENCY
BUY
SELL
SH
112.25
116.32
GENCAP HAZINA
CIC
SH
9.68
9.92
NABO AFRICA
SH
92.06
92.06
159.26
BALANCED FUND
OLD MUTUAL / TOBOA
SH
149.56
BRITISH AMERICAN
SH
181.82
187.14
GENCAP ENEZA
SH
114.80
118.96
UAP
SH
10.88
11.42
AMANA
SH
126.57
126.57
MADISSON
SH
58.65
61.89
SH
10.63
10.96
125.78
STANLIB
SH
125.78
SH
98.31
96.38
NABO AFRICA
SH
100.82
100.82
ICEA
SH
127.55
134.26
CIC
SH
12.74
13.34
EQUITIES FUND
SH
100 OZ GOLD
USD
1,122.80
-4.30
OLD MUTUAL
SH
362.20
388.08
SILVER
JPY
55.00
-2.00
SH
145.23
153.70
HG COPPER
USC
2.26
0.01
BRITISH AMERICAN
SH
190.35
196.4
CBA
SH
150.80
150.80
PLATINUM
JPY
3,594
36.00
AMANA
SH
123.16
123.16
ALUMINIUM
CNY
11,650
5.00
GENCAP HISA
SH
122.17
126.60
PALLADIUM
JPY
2,545
56.00
MADISSON
SH
45.57
48.37
UAP
SH
9.54
10.02
STANLIB
SH
174.33
174.33
ICEA
SH
134.18
141.24
NABO AFRICA
SH
95.23
95.23
CIC
SH
12.89
13.57
OIL& GAS
SYMBOL
CURRENCY
LAST
NET CHG
LIGHT CRUDE
USD
45.04
-0.19
NO 2 HT OIL
USD
1.49
0.00
BOND FUND
OLD MUTUAL BOND FUND
SH
96.07
98.36
BRITISH AMERICAN
SH
135.93
138.70
BRENT CRUDE
USD
48.04
-0.19
UAP
SH
11.34
11.34
GAS OIL
USD
461.25
-3.75
ICEA
SH
91.07
91.99
NATURAL GAS
USD
2.60
0.01
SH
9.70
10.00
STANLIB FUND B1
SH
99.00
99.00
KEROSINE
JPY
48,440.00
-30.00
STANLIB FUND A
SH
98.15
98.15
SH
110.24
116.04
SHARIAH COMPLIANT
SOURCE: THOMSON REUTERS
GENCAP IMAN
23
MARKET DATA
Banke sees
global nancial
cises theat in
climate change
Climate change threatens global
nancial crises and long-term declines in wealth unless world leaders urgently seal a deal to limit it, the
head of the Bank of England said on
Tuesday.
The challenges currently posed
by climate change pale in signicance
compared with what might come,
Mark Carney told business leaders in
a speech in London. The far-sighted
amongst you are anticipating broader
global impacts on property, migration
and political stability, as well as food
and water security.
Speaking as world leaders scramble to lay the groundwork for a new
United Nations agreement to limit
climate change at talks in Paris starting in November, Carney warned that
the window of opportunity is nite
and shrinking. His comments come
the day after French President Francois Hollande warned that if no deal
was reached in Paris, it will be too late
for the world, in an address to the UN
General Assembly in New York.
Rising temperatures
Scientists have underlined the urgency of preventing temperatures
rising more than two degrees Celsius
(3.6 Fahrenheit) from pre-industrial
times, although analysts warn the
world is heating far faster.
Several nations and private sector
bodies have promised to cut greenhouse gas emissions, blamed for the
severe weather and rising temperatures, but there remain deep international divisions over a long-awaited
deal. A Canadian economist who has
been the governor of the central bank
since 2013, Carney said that scientic
evidence indicated climate change
will threaten nancial resilience and
longer-term prosperity.
He said the number of weatherrelated loss events for insurers had
tripled since the 1980s, while ination-adjusted losses for the sector
had increased ve-fold to $50 billion a
year. The catastrophic impacts of climate change including oods and
storms and nancial costs of shifting
to a low-carbon economy will only
be felt over a longer period than the
three to 10 year horizon used in the
nancial industry, he warned.
In other words, once climate
change becomes a dening issue for
nancial stability, it may already be
too late, Carney said.
The Earth is currently on track for
temperatures to rise 3.5 degrees, according to Climate Interactive.
A 3.5 degree rise would mean a
world we cannot adapt to, according to the bodys co-director Andrew
Jones.
-AFP
OLYMPIA CAPITAL
Kenya
4.35
-1.14%
Jan 15
Sept 15
-1.04
-4.18
0.00%
KCB
Kenya
Jan 15
47.00
-1.57%
Sept 15
5.63
8.35
4.26%
TOTAL
Kenya
817.00
3.68%
Jan 15
Sept 15
Jan 15
42.55
19.20
5.20%
KenGen
Jan 15
Centum
Kenya
Sept 15
1.29
6.47
4.79%
19.15
2.13%
Jan 15
Earnings per share
Price to earnings ratio (p/e)
Dividend Yield
Kenya
Sept 15
2.26
8.47
3.66%
8.35
0.60%
Kenya
DTB
Kenya
52.00
0.00%
Jan 15
Earnings per share
Price to earnings ratio (p/e)
Dividend Yield
Barclays
Kenya
Sept 15
10.44
4.98
0.00%
TPS EA.
200.00
0.00%
Jan 15
Earnings per share
Price to earnings ratio (p/e)
Dividend Yield
Sept 15
21.92
9.12
1.20%
13.15
0.77%
Sept 15
1.54
8.54
7.60%
Kenya
29.50
-2.48%
Jan 15
Sept 15
1.35
21.85
4.58%
Eveready
Kenya
3.05
0.00%
Jan 15
Sept 15
-0.85
-3.59
0.00%
Aug Sept
15 15
1,924.00
1948.00
-1.64%
0.00
Jan 15Jan 15
Tanzania
Uganda
49,976.27
50767.02
1.20%
-54.16
Jan 15Jan 15
Aug 15
Sept 15
2,531.08
2576.77
0.69%
0.00
Jan 15
Nigeria
Aug 15
15
Sept
Rwanda
135.46
142.34
0.00%
0.00
30,574.01
29909.44
-0.81%
-796.18
Jan 15Jan 15
Aug 15
Sept 15
JanJan
15 15
Aug
1515
Sept
World
Xetra Dax
DJ Industrial
9,688.73
11027.34
2.52%
0.38%
17477.40
16,049.13
0.40%
0.30%
Jan 15Jan 15
Aug Sept
15 15
Jan 15
Jan 15
Aug Sept
15 15
Mumbai
Tokyo
Hongkong
Aug
1515
Sept
27878.27
26,154.83
-0.67%
1.46%
20620.26
17,388.15
0.49%
2.70%
23814.65
20,846.30
-0.74%
1.41%
JanJan
1515
Sensex
Nikkei
HangSeng
Frankfurt
New York
Jan 15Jan 15
Aug 15
Sept 15
JanJan
15 15
Aug
1515
Sept
24
MARKET DATA
African Indices
Nairobi Stocks
NAME
4,173.52
-0.37%
Nairobi
Jan 15
768.88
-0.65%
Nairobi
Jan 15
Sept 15
Active Counters
Last fri
Counter
Price
Prev fri
Price
Safaricom
15.20
15.15
BAT Kenya
%
Change
Total Shares
Traded
0.33%
16,375,500
817.00
788.00
3.68%
1,179,600
KCB
47.00
47.75
-1.57%
868,900
KQ
5.50
5.65
-2.65%
644,700
45.00
44.50
1.12%
597,900
Equity
Gainers
Lastfri
Counter
Price
Prev fri
net
Price
Change
Change
Crown Berger
64.00
61.00
3.00
4.92%
Unga
43.00
41.00
2.00
4.88%
BAT Kenya
817.00
788.00
29.00
3.68%
1.75
0.05
2.86%
0.50
2.41%
net
Change
%
Change
Losers
Counter
Lastfri
Price
Prev fri
Price
3.85
-0.35
-9.09%
7.00
7.60
-0.60
-7.89%
Uchumi
10.05
10.40
-0.35
-3.37%
WPP Scangroup
30.00
31.00
-1.00
-3.23%
5.50
5.65
-0.15
-2.65%
KQ
CLOSE
4,173.52
4,173.52
4,173.52
4,189.22
ZAMBIA
5,800.24
0.00
0.00%
5,800.24
5,800.24
5,800.24
5,800.24
SOUTH AFRICA
49,976.27
592.34
1.20%
49,933.38
50,081.47
49,669.36
49,383.93
-32.00
-1.64%
1,956.00
1,956.00
1,956.00
1,956.00
0.02
0.02%
131.91
131.91
131.91
131.91
MOROCCO
19,514.48
24.88
0.13%
19,474.47
19,525.65
19,474.47
19,489.60
MALAWI
15,824.68
5.38
0.03%
15,819.30
15,819.30
15,819.30
15,819.30
NIGERIA
30,574.01
-250.99
-0.81%
30,825.00
30,906.27
30,571.49
30,825.00
TANZANIA
2,531.08
17.32
0.69%
2,513.76
2,513.76
2,513.76
2,513.76
EGYPT
7,332.88
1.35
0.02%
7,333.86
7,366.08
7,332.53
7,331.53
TUNISIA
5,274.51
-17.42
-0.33%
5,292.86
5,292.86
5,259.84
5,291.93
RWANDA
135.46
0.00
0.00%
135.46
135.46
135.46
135.46
GEMS
MARKET UPDATES
LOW
-0.37%
CFG INDEX
Sept 15
PCT.CHNG
131.93
Nairobi
NET.CHNG
1,924.00
EGX 30 IDX/D
146.92
0.04%
HIGH
-15.70
UGANDA
OPEN
4,173.52
ZIMBABWE
Sept 15
LAST
KENYA
ZSE INDUSTRIAL
Jan 15
LOCATION
52 WK
LOW
YTD
%
PRICE (KSH)
SEP-30-2015
PRICE (KSH)
SEP-29-2015
DAILY
PRICE
CHANGE
DAILY
TRADED
SHARES
SHARES
ISSUED
MKT CAP.
KSHS MN
EPS
LATEST
12MNTH
P/E
TRAILING
PBV
TRAILING
DPS
LATEST
12MNTH
TOTAL
DIVIDEND
YIELD
27.00
171.00
115.00
771.00
11.50
240.00
-28.57%
72.22%
44.53%
40.73%
27.24%
49.19%
29.50
315.00
198.00
1085.00
16.35
361.00
30.00
310.00
198.00
1085.00
16.35
370.00
-1.67%
1.61%
0.00%
0.00%
0.00%
-2.43%
1,200
1,600
1,700
32,157,000
19,599,999
3,912,000
1,800,000
228,055,500
8,756,320
964.71
6,722.80
778.49
1,953.00
3,637.49
3,231.08
0.25
8.17
-5.82
-0.28
0.54
23.77
118.00
38.56
-34.02
30.28
15.19
2.36
2.13
0.56
5.28
0.59
0.50
0.00
3.75
5.00
1.00
0.25
40.00
0.00%
1.19%
2.53%
0.09%
1.53%
11.08%
37.25
8.15
4.00
-25.93%
27.55%
-32.50%
40.00
12.50
4.10
40.00
12.50
4.05
0.00%
0.00%
1.23%
2,100
2,900
40,103,308
14,393,106
278,342,393
1,604.13
179.91
1,141.20
6.57
-11.90
-0.24
6.09
-1.05
-17.08
0.77
0.46
0.49
0.60
0.00
0.00
1.50%
0.00%
0.00%
12.50
85.50
193.00
36.50
20.00
105.00
42.25
16.00
41.00
220.00
17.05
-21.86%
-28.23%
-14.89%
-11.00%
-50.82%
-13.01%
-16.23%
-31.72%
-24.35%
-31.94%
-8.50%
13.15
87.00
200.00
45.00
22.25
107.00
47.00
16.85
43.00
231.00
18.20
13.05
89.00
200.00
44.50
22.50
107.00
47.75
16.90
43.50
228.00
18.30
0.77%
-2.25%
0.00%
1.12%
-1.11%
0.00%
-1.57%
-0.30%
-1.15%
1.32%
-0.55%
110,900
2,500
5,200
597,900
203,700
868,900
11,000
77,800
22,100
82,800
5,431,536,000
395,321,638
220,100,096
3,702,777,020
352,416,667
392,362,039
3,025,219,832
308,000,000
639,945,603
309,159,514
4,889,316,295
71,424.70
36,369.59
44,020.02
171,253.44
8,017.48
41,982.74
147,479.47
5,189.80
27,837.63
69,251.73
89,963.42
1.54
14.38
21.92
4.55
4.21
13.56
5.63
3.11
7.07
33.21
1.64
8.54
6.05
9.12
9.89
5.29
7.89
8.35
5.42
6.08
6.96
11.10
2.21
1.49
2.10
3.23
0.86
1.92
2.19
0.38
1.32
1.97
2.08
1.00
6.15
2.40
1.80
1.50
2.90
2.00
0.00
1.00
17.00
0.50
7.60%
7.07%
1.20%
4.00%
6.74%
2.71%
4.26%
0.00%
2.33%
7.36%
2.75%
3.50
4.05
20.25
5.00
6.00
143.00
31.00
28.25
6.40
30.00
-32.26%
0.00%
-35.06%
-32.97%
-44.49%
-2.16%
-18.24%
3.48%
-31.49%
3.50
4.20
20.25
5.50
6.25
144.00
34.00
29.50
10.05
30.00
3.85
4.20
20.25
5.65
6.20
146.00
34.00
30.25
10.40
31.00
-9.09%
0.00%
0.00%
-2.65%
0.81%
-1.37%
0.00%
-2.48%
-3.37%
-3.23%
198,200
18,200
644,700
22,500
17,500
1,500
15,000
124,800
50,400
433,063,193
35,403,790
360,000
1,496,469,035
243,750,000
188,542,286
81,731,808
182,174,108
364,959,616
378,865,102
1,775.56
162.86
7.29
8,529.87
1,620.94
27,715.72
2,778.88
5,146.42
3,667.84
12,123.68
-2.53
-2.18
-18.34
-13.35
1.62
13.10
2.57
1.35
1.45
1.50
-1.38
-1.93
-1.10
-0.41
3.86
10.99
13.23
21.85
6.93
20.00
0.75
2.63
0.84
3.32
1.53
0.49
0.91
1.39
0.00
0.00
0.00
0.00
2.00
10.00
0.50
1.35
0.30
0.00
0.00%
0.00%
0.00%
0.00%
32.00%
6.94%
1.47%
4.58%
2.99%
0.00%
43.00
135.00
54.00
11.00
50.00
-49.71%
21.58%
-45.05%
-29.32%
-13.79%
43.50
168.00
64.00
11.30
50.00
43.25
169.00
61.00
11.45
50.00
0.58%
-0.59%
4.92%
-1.31%
0.00%
17,300
300
36,100
23,500
3,500
495,275,000
362,959,275
23,727,000
253,125,000
90,000,000
21,296.83
61,340.12
1,459.21
2,923.59
4,770.00
3.01
9.80
9.01
1.37
-4.30
14.45
17.14
7.10
8.25
-11.63
2.65
2.11
1.12
1.19
0.93
0.60
12.00
1.75
1.00
0.00
1.38%
7.14%
2.73%
8.85%
0.00%
7.20
7.55
13.00
18.00
16.00
-19.42%
1.72%
10.73%
-21.88%
-17.38%
8.35
8.85
15.80
19.15
17.35
8.30
8.85
16.00
18.75
17.35
0.60%
0.00%
-1.25%
2.13%
0.00%
122,900
49,300
104,200
9,600
-
2,198,361,456
1,471,761,200
1,951,467,045
175,028,706
1,623,878,005
18,136.48
12,951.50
30,930.75
3,238.03
28,011.90
1.29
0.74
3.31
2.26
1.34
6.47
11.96
4.77
8.47
12.95
0.27
1.95
0.71
0.66
3.08
0.40
0.20
0.50
0.70
0.90
4.79%
2.26%
3.16%
3.66%
5.19%
14.00
6.00
400.00
15.45
18.75
60.00
-43.70%
-27.08%
11.56%
11.14%
-8.60%
-45.83%
16.50
7.05
504.00
19.05
21.00
65.00
16.75
7.00
502.00
18.95
21.25
65.00
-1.49%
0.71%
0.40%
0.53%
-1.18%
0.00%
91,300
163,000
1,500
242,900
14,500
1,938,415,838
2,615,538,528
59,895,000
699,949,068
535,707,499
144,000,000
32,856.15
18,177.99
30,067.29
13,299.03
11,651.64
9,648.00
1.31
0.43
48.00
4.48
2.14
9.07
12.60
16.40
10.50
4.25
9.81
7.17
1.84
2.28
2.82
0.74
2.13
1.87
0.30
0.10
8.50
0.70
0.50
0.00
1.82%
1.42%
1.69%
3.67%
2.38%
0.00%
45.00
1.70
1500.00
2.50
12.00
-14.75%
-57.32%
-15.38%
-29.72%
52.00
1.80
1500.00
4.35
13.60
52.00
1.75
1500.00
4.40
13.60
0.00%
2.86%
0.00%
-1.14%
0.00%
59,000
103,800
13,900
2,100
665,441,775
405,255,320
102,272
40,000,000
280,284,476
34,935.69
709.20
153.41
176.00
3,783.84
10.44
-0.04
-62.40
-1.04
-8.53
4.98
-45.00
-24.04
-4.18
-1.59
1.71
0.22
0.72
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
0.00%
21.25
20.75
2.41%
23,900
194,625,000
4,087.13
2.13
9.98
5.67
0.38
1.79%
1.65
10.79
2.30
8.08
1.98
0.00%
4.23%
5.20%
2.01%
2.15%
0.00%
0.00%
0.00%
0.00%
1.74%
4.21%
18.00
11.10
115.00
670.00
14.00
261.00
2.65
6.50
41.50
1.35
34.25
0.00%
-1.60%
-13.22%
-31.03%
-8.77%
-17.57%
-9.09%
-2.56%
3.14%
11.10
123.00
817.00
14.95
279.00
3.05
7.00
100.00
1.85
43.00
11.10
123.00
788.00
15.00
281.00
3.05
7.60
100.00
1.90
41.00
0.00%
0.00%
3.68%
-0.33%
-0.71%
0.00%
-7.89%
0.00%
-2.63%
4.88%
1,179,600
7,900
347,800
5,100
22,300
371,900
100
3,840,066
19,525,446
100,000,000
254,851,988
790,774,356
210,000,000
161,866,804
12,868,124
1,530,000,000
75,708,873
42.62
2,245.43
80,000.00
3,899.24
229,324.56
630.00
1,133.07
1,286.81
2,983.50
3,104.06
-2.02
11.76
42.55
1.93
11.31
-0.85
0.99
0.15
-1.77
3.65
-5.50
10.46
19.20
7.75
24.67
-3.59
7.07
666.67
-1.05
11.78
526.32
0.27
0.69
0.00
5.20
42.50
0.30
6.00
0.00
0.00
0.00
0.00
0.75
11.85
7.83%
15.20
15.15
0.33%
16,375,500
40,065,428,000
606,991.23
0.80
19.00
7.60
0.64
AIMS
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ABOVENORMAL
NORMALRATES.
RATES.
MARKET DATA
MARKET DATA
Equities & Bonds
Kenya Treasury and Infrastructure Bonds
PREVIOUS
11.10
3.85
43.25
169.00
13.05
788.00
123.00
16.75
40.00
15.00
52.00
89.00
7.00
18.30
61.00
200.00
11.45
50.00
30.00
281.00
44.50
3.05
4.20
7.60
370.00
20.25
1.75
22.50
107.00
502.00
310.00
198.00
100.00
8.30
5.65
47.75
8.85
16.00
18.95
1500.00
21.25
1085.00
6.20
12.50
1.90
20.75
146.00
16.90
43.50
4.40
65.00
15.15
4.05
16.35
31.00
34.00
228.00
18.75
30.25
13.60
10.40
41.00
CLOSE
11.10
3.50
43.50
168.00
13.15
817.00
123.00
16.50
44.00
14.95
52.00
87.00
7.05
18.20
64.00
200.00
11.30
50.00
29.50
279.00
45.00
3.05
4.20
7.00
361.00
20.25
1.80
22.25
107.00
504.00
315.00
198.00
100.00
8.35
5.50
47.00
8.85
15.80
19.05
1500.00
21.00
1085.00
6.25
12.50
1.85
21.25
144.00
16.85
43.00
4.35
65.00
15.20
4.10
16.35
30.00
34.00
231.00
19.15
29.50
13.60
10.05
43.00
% 1D
0.00
-9.09
0.58
-0.59
0.77
3.68
0.00
-1.49
0.00
-0.33
0.00
-2.25
0.71
-0.55
4.92
0.00
-1.31
0.00
-1.67
-0.71
1.12
0.00
0.00
-7.89
-2.43
0.00
2.86
-1.11
0.00
0.40
1.61
0.00
0.00
0.60
-2.65
-1.57
0.00
-1.25
0.53
0.00
-1.18
0.00
0.81
0.00
-2.63
2.41
-1.37
-0.30
-1.15
-1.14
0.00
0.33
1.23
0.00
-3.23
0.00
1.32
2.13
-2.48
0.00
-3.37
4.88
% 5D
0.00
-15.66
-1.14
-4.00
1.15
8.93
0.00
-3.23
0.00
4.91
-1.89
-3.33
0.71
-0.55
7.56
0.50
-0.44
-5.66
-1.67
-3.79
-1.64
1.67
-8.70
-2.10
7.44
0.00
5.88
2.30
-1.83
0.80
-8.16
-0.50
0.00
0.60
-3.51
-0.53
1.72
-1.25
2.14
0.00
-1.18
0.00
-11.35
2.46
-2.63
2.41
-4.00
-0.30
-0.58
-2.25
-2.26
0.66
2.50
3.81
-4.00
0.00
0.87
-1.54
1.72
6.25
-0.99
5.52
% 1M
0.00
-42.15
-11.68
9.09
2.33
9.52
5.13
3.13
0.00
-9.12
8.33
-3.33
5.22
2.82
-8.57
2.56
-13.08
-7.41
-1.67
3.33
16.88
-7.58
-2.33
0.00
-9.30
0.00
-12.20
9.88
-1.83
-6.67
-7.89
-7.48
0.00
11.33
-3.51
6.82
4.73
6.76
14.76
0.00
0.00
0.00
-5.30
0.00
2.78
6.25
-12.73
-2.88
1.18
-11.22
-0.76
7.42
1.23
-8.40
-9.77
-10.53
-1.70
-5.43
-8.53
-2.86
23.31
6.83
% 3M
0.00
-68.18
-42.00
9.09
-15.43
10.26
-11.51
-19.51
-9.09
-17.63
-20.61
-23.68
-11.32
-16.32
-20.99
-11.50
-29.60
-13.04
-22.88
-8.22
-5.26
-25.61
-16.00
-17.65
-12.80
0.00
-37.93
-18.35
-8.55
-10.32
2.61
52.31
0.00
-9.73
-25.17
-14.55
4.73
-13.90
6.42
0.00
-13.40
-9.58
-14.97
-0.40
-21.28
7.05
-27.64
-12.69
-19.63
-12.12
-13.91
-7.60
-18.81
-0.61
-29.82
-15.00
-22.48
-11.95
-15.71
5.84
12.29
-8.02
% 6M
0.00
-69.57
-45.63
5.00
-24.86
2.13
-8.89
-38.32
-14.44
-31.26
-17.46
-30.40
-28.43
-13.33
-46.22
-17.36
-27.10
-15.25
-9.92
-13.89
-12.62
-22.78
-25.00
-25.53
25.78
0.00
0.00
-39.86
-14.40
-9.19
13.72
52.31
-10.71
-15.23
-34.13
-22.95
-5.35
-11.73
1.60
0.00
-14.29
-3.47
-28.98
4.17
-19.57
7.05
-41.46
-31.22
-27.12
-26.89
-49.61
-8.98
-26.13
18.05
-31.82
-9.93
-33.04
-24.90
-11.94
0.00
-6.07
-2.27
Corporate Bonds
SEPTEMBER 30, 2015
25
ISSUE NO.
CENTUM BOND SENIOR UNSECURED FIXED RATE AND EQUITY LINKED NOTES
26-SEP-12
18-SEP-17
CTNB.BD.18.09.17/13.50
26-SEP-12
18-SEP-17
CTNB.BD.18.09.17/12.75
15-JUN-15
8-JUN-20
CTNB.BD.08.06.20/13
15-JUN-15
8-JUN-20
CTNB.BD.08.06.20/12.5
15-JUN-15
8-JUN-20
CTNB.BD.08.06.20/12.5V
CONSOLIDATED BANK OF KENYA LTD MEDIUM TERM NOTE PROGRAMME
CON.BD-FXD(SN)/2012/7YR
30-JUL-12
24-JUL-19
30-JUL-12
22-JUL-19
CON.BD-FXD(SBN)/2012/7YR
30-JUL-12
22-JUL-19
CON.BD-FR(SN)/2012/7YR
SHELTER AFRIQUE MEDIUM TERM NOTES
17-DEC-12
14-DEC-15
FXD 2/2012/3YR 2ND TRANCHE
30-SEP-13
24-SEP-18
FXD 1/13/05YR
30-SEP-13
24-SEP-18
FR 1/13/05YR
MRM
27-OCT-08
17-OCT-16
FR (MRM) 2008/8YR
27-OCT-08
17-OCT-16
FXD (MRM) 2008/8YR
CFC STANBIC BANK SENIOR & SUBORDINATED BOND ISSUE
7-JUL-09
7-JUL-16
FR (CFC STANBIC) 2009/7YR
7-JUL-09
7-JUL-16
FXD (CFC STANBIC) 2009/7YR
KENGEN PUBLIC INFRASTRUCTURE BOND OFFER 2019
2-NOV-09
31-OCT-19
FXIB 1/2009/10YR
SAFARICOM LTD DOMESTIC MEDIUM TERM NOTE
20-DEC-10
20-DEC-15
FR2 (SAFARICOM LTD) 2009/5YR
20-DEC-10
20-DEC-15
FXD2 (SAFARICOM LTD) 2009/5YR
HOUSING FINANCE MEDIUM TERM NOTE
22-OCT-12
14-OCT-19
FXD (HFCK) 02/2012/7YR 2ND TRANCHE
26-OCT-10
2-OCT-17
FR (HFCK) 2010/7YR
26-OCT-10
2-OCT-17
FXD (HFCK) 2010/7YR
I&M MEDIUM TERM NOTE
13-DEC-13
8-MAR-19
FXD I&M-01/13/5.25
13-DEC-13
8-MAR-19
FRN I&M-01/13/5.25
BRITAM MEDIUM TERM NOTE
22-JUL-14
15-JUL-19
BRTB.BD.22/07/19-0037-13
UAP HOLDINGS MEDIUM TERM NOTE
28-JUL-14
22-JUL-19
UAP.BD.22.07.2019
NIC MEDIUM TERM NOTE
8-SEP-14
9-SEP-19
NIC.BD.09/09/19-0039-12.5
CIC INSURANCE GROUP LTDMEDIUM TERM NOTE
8-OCT-14
2-OCT-19
CIC.BD.22.07.2019
CFC STANBIC MULTICURRENCY MEDIUM TERM NOTE
15-DEC-14
8-DEC-21
CFCB.BD.08/12/21-0042-12.95
CBA FIXED MEDIUM TERM NOTE
22-DEC-14
14-DEC-20
CBAB.BD.14/12/20-0041-12.75
EABL FIXED MEDIUM TERM NOTE
23-MAR-15
19-MAR-18
EABB.BD.19/03/18-0043-12.25
CHASE BANK FIXED MEDIUM TERM NOTE
10-JUN-15
2-JUN-22
CHBD.BD.02/06/22-0044-13.5
PRICE
(%)
TOTAL VALUE
TRADED(KSH)
% 1Y
0.00
-51.40
15.07
-24.64
-5.00
-12.14
-53.52
-14.89
-45.14
-22.39
-30.95
0.00
-16.32
-43.36
-25.93
-25.90
-31.51
-32.95
1.09
-12.62
-37.76
-46.15
24.48
0.00
0.00
-52.91
0.00
3.70
47.20
37.50
36.99
-16.92
-40.54
-18.97
-4.32
12.86
4.10
3.70
23.30
-75.49
20.19
-9.76
-9.57
-54.14
-35.19
-42.28
-25.64
-49.22
17.83
-39.71
12.76
-26.38
0.74
-30.42
-26.35
-16.31
0.00
-3.37
5.52
MATURITY
DATE
ISSUED VALUE
COUPON
IN MILLIONS
(%)
YIELD
(%)
PRICE
(%)
29-SEP-15
26-SEP-16
24,970.05
19.06
18.5558
100.10
FXD 4/2013/2YR
24-DEC-13 21-DEC-15
25,251.00
11.55
100.62
100.02
100,000,000
FXD 1/2014/2YR
24-MAR-14 21-MAR-16
20,000.00
10.80
FXD 2/2014/2YR
26-MAY-14 23-MAY-16
20,130.15
10.79
99.99
FXD 3/2014/2YR
25-MAY-15 19-DEC-16
20,223.35
10.89
97.97
FXD 1/2015/2YR
23-JAN-15
20-FEB-17
23,592.55
11.47
101.06
FXD 2/2015/2YR
29-JUN-15
26-JUN-17
11,184.64
12.63
97.58
30-NOV-10 23-NOV-15
14,973.10
6.67
98.39
FXD 1/2011/5YR
31-JAN-11
25-JAN-16
22,083.10
7.64
98.17
FXD 1/2012/5YR
28-MAY-12 22-MAY-17
31,079.55
11.86
FXD 1/2013/5YR
29-APR-13
23-APR-18
20,240.75
12.89
FXD 2/2013/5YR
1-JUL-13
25-JUN-18
26,340.05
11.31
FXD 3/2013/5YR
25-NOV-13 19-NOV-18
14,937.80
11.95
100.47
28-APR-14 22-APR-19
25,540.95
10.87
96.98
100.99
14.2458
96.76
50,000,000
100.38
23-JUN-14
17-JUN-19
16,418.25
11.93
100.15
29-JUN-15
22-JUN-20
11,996.96
13.19
96.42
102.16
27-MAR-06 14-MAR-16
3,451.05
14.00
FXD 2/2006/10YR
29-MAY-06 16-MAY-16
5,028.10
14.00
102.89
FXD 1/2007/10YR
29-OCT-07 16-OCT-17
9,308.80
10.75
99.39
FXD 1/2008/10YR
29-OCT-07 12-FEB-18
2,992.75
10.75
99.34
FXD 2/2008/10YR
28-JUL-08
13,504.70
10.75
99.32
FXD 3/2008/10YR
29-SEP-08 28-SEP-18
4,151.60
10.75
99.29
FXD 1/2009/10YR
27-SEP-09 15-APR-19
4,966.85
10.75
96.59
16-JUL-18
FXD 1/2010/10YR
26-APR-10 13-APR-20
19,394.15
8.79
87.89
FXD 2/2010/10YR
1-NOV-10
19-OCT-20
18,849.90
9.31
90.05
FXD 1/2012/10YR
25-JUN-12
13-JUN-22
16,803.75
12.71
100.60
FXD 1/2013/10YR
1-JUL-13
19-JUN-23
12,643.05
12.37
91.04
FXD 1/2014/10YR
25-MAY-15 15-JAN-24
5,063.88
12.18
97.84
25-SEP-06 11-SEP-17
4,031.40
13.75
105.03
28-AUG-06 13-AUG-18
3,900.95
14.00
105.21
FXD1/2007/12YR
28-MAY-07 13-MAY-19
4,864.60
13.00
105.67
109.04
26-MAR-07 7-MAR-22
3,654.60
14.50
FXD2/2007/15YR
25-JUN-07 6-JUN-22
7,236.95
13.50
99.31
FXD3/2007/15YR
26-NOV-07 7-NOV-22
17,568.00
12.50
99.44
FXD1/2008/15YR
31-MAR-08 13-MAR-23
7,830.90
12.50
100.61
FXD1/2009/15YR
26-OCT-09 7-OCT-24
9,420.45
12.50
98.33
FXD1/2010/15YR
29-MAR-10 10-MAR-25
20,823.73
10.25
88.16
FXD2/2010/15YR
25-APR-11
8-DEC-25
13,513.10
9.00
79.38
13.50
12.75
13.00
12.50
105.26
99.96
1,480.60
196.50
1.00
13.25
13.60
99.17
100.00
FXD1/2012/15YR
24-SEP-12
6-SEP-27
21,089.45
11.00
85.30
500.00
4,239.70
760.30
12.75
12.75
100.71
100.00
FXD1/2013/15YR
25-FEB-13
7-FEB-28
40,886.33
11.25
90.07
FXD2/2013/15YR
29-APR-13
10-APR-28
17,385.85
12.00
95.85
13.00
100.00
100.00
FXD1/2008/20YR
30-JUN-08 5-JUN-28
20,360.95
13.75
106.30
97.91
2,402.09
12.50
100.00
100.00
FXD1/2011/20YR
30-MAY-11 5-MAY-31
9,365.80
10.00
79.84
FXD1/2012/20YR
26-NOV-12 1-NOV-32
43,082.72
12.00
87.63
14,062.00
12.50
101.83
200.00
4,287.00
8.00
93.84
103.00
2,969.10
1,166.50
5,864.40
13.00
94.03
8.50
94.67
3,429.00
226.00
12.80
102.06
6,000.00
13.00
2,000.00
5,514.50
621.50
1,378.50
TRADED(KSH)
ISSUE NO.
2,917.10
1,250.80
3,899.22
2,100.77
2,100.77
1 50,000
TOTAL VALUE
FXD1/2010/25YR
28-JUN-10
28-MAY-35
20,192.50
11.25
82.23
28-FEB-11
21-JAN-41
23,888.95
12.00
85.54
INFRASTRUCTURE BONDS
IFB 1/2009/12YR
23-FEB-09 8-FEB-21
19,726.85
12.50
105.16
IFB 2/2009/12YR
7-DEC-09
22-NOV-21
18,897.65
12.00
102.41
99.95
IFB 1/2010/8YR
1-MAR-10
19-FEB-18
15,908.05
9.75
98.55
13.00
99.98
IFB 2/2010/9YR
31-AUG-10 19-SEP-19
32,871.55
6.00
83.99
12.50
99.84
IFB 1/2011/12YR
3-OCT-11
18-SEP-23
43,447.35
12.00
96.80
IFB 1/2013/12YR
30-SEP-13
15-SEP-25
38,841.68
11.00
94.90
IFB 1/2014/12YR
27-OCT-14
12-OCT-26
35,060.55
11.00
IFB 1/2015/12YR
30-MAR-15 15-MAR-27
25,695.35
11.00
15.6
83.93
300,000,000
IFB 1/2015/12YR
30-MAR-15 15-MAR-27
25,695.35
11.00
15.25
83.93
245,000,000
5,000.00
13.00
102.49
5,080.00
12.95
102.02
7,000.00
12.75
100.92
9,047.35
12.25
100.20
IFB 1/2015/12YR
30-MAR-15 15-MAR-27
25,695.35
11.00
13.9077
83.93
200,000,000
4,822.40
13.25
99.99
IFB 1/2015/12YR
30-MAR-15 15-MAR-27
25,695.35
11.00
14
83.93
105,000,000
IFB 1/2015/12YR
30-MAR-15 15-MAR-27
25,695.35
11.00
13.5
83.93
200,000,000
84.41
26
MARKET DATA
Global Markets & Currencies
Currencies
Global Indexes
Kenya Shilling
CURRENCY
US DOLLAR
STG POUND
EURO
SA RAND
KES / USHS
KES / TSHS
KES / RWF
KES / BIF
AE DIRHAM
CAN $
S FRANC
JPY (100)
SW KRONER
NOR KRONER
DAN KRONER
IND RUPEE
HONGKONG DOLLAR
SINGAPORE DOLLAR
SAUDI RIYAL
CHINESE YUAN
AUSTRALIAN $
SOURCE CBK
BUY
105.19
159.41
118.21
7.56
34.97
20.45
6.93
14.70
28.64
78.44
108.08
87.67
12.53
12.40
15.85
1.60
13.57
73.83
28.05
16.55
73.76
DAILY
SELL
105.39
159.75
118.45
7.58
35.13
20.53
7.01
14.82
28.70
78.61
108.32
87.87
12.56
12.44
15.88
1.60
13.60
74.02
28.10
16.59
73.94
MEAN
105.29
159.58
118.33
7.57
35.05
20.49
6.97
14.76
28.67
78.53
108.20
87.77
12.55
12.42
15.87
1.60
13.59
73.92
28.08
16.57
73.85
US Dollar
BACKGROUND
EURO
JAPANESE YEN
BRITISH POUND
SWISS FRANC
AUSTRALIAN DOLLAR
SWEDISH KRONA
CANADIAN DOLLAR
CHINESE YUAN
NORWEGIAN KRONE
BOSNIAN MARK
DANISH KRONE
RUSSIA ROUBLE
TURKISH LIRA
ICELAND KRONA
INDIAN RUPEE
POLISH ZLOTY
CZECH KORUNA
HUNGARIAN FORINT
UKRAINE HRYVNIA
ISRAEL SHEKEL
ALBANIAN LEK
BULGARIAN LEV
SERBIAN DINAR
CYPRUS POUND
ESTONIAN KROON
GEORGIAN LARI
THAI BAHT
GIBRALTAR POUND
CROATIAN KUNA
KAZAKHSTAN TENGE
LITHUANIA LITAS
LATVIAN LATS
MOLDOVAN LEU
MACEDONIA DENAR
MALTESE LIRA
ROMANIAN LEU
SLOVAK KORUNA
SERBIAN DINAR
ARMENIAN DRAM
UAE DIRHAM
ANGOLAN KWANZA
BURUNDI FRANC
BOTSWANA PULA
CONGO FRANC
CAPE VERDE ESCUDO
DIJIBOUTI FRANC
ALGERIAN DINAR
EGYPT POUND
ETHIOPIAN BIRR
GHANAIAN CEDI
GAMBIAN DALASI
ERITREA NAFKA
GUINEA FRANC
KENYA SHILLING
COMORO FRANC
LIBERIAN DOLLAR
LESOTHO LOTI
LIBYAN DINAR
MOROCCAN DIRHAM
MALAGASY ARIARY
MAURITANIAOUGUIYA
MALAWI KWACHA
MOZAMBIQUEMETICAL
NIGERIAN NAIRA
RWANDA FRANC
SC RUPEE
SUDANESE DINAR
SUDAN POUND
ST HELENA POUND
SIERRALEONLEON
SAO TOME DOBRA
SOMALI SHILLING
SWAZILAND LILAGENI
TUNISIAN DINAR
TANZANIA SHILLING
UGANDA SHILLING
CFA FRANC
CFA FRANC
MAURITIUS RUPEE
SOUTH AFRICA RAND
ZIMBABWE DOLLAR
FTSE 100
BID
1.12
120.32
1.52
0.97
0.70
8.39
1.34
6.36
8.48
1.71
6.66
65.49
3.03
127.17
65.58
3.78
24.24
279.26
21.05
3.92
124.07
1.75
59.99
0.40
11.70
2.35
36.32
1.51
6.82
271.80
2.85
0.51
19.97
54.78
3.41
3.94
21.55
106.61
470.00
3.67
134.85
1,566.00
0.09
915.00
98.28
176.70
105.80
7.83
20.72
3.68
38.60
15.12
7,294.50
104.75
437.15
87.00
13.81
1.37
9.69
3,200.00
286.00
549.20
42.00
198.00
707.00
12.94
200.02
2,025.50
1.55
4,145.00
21,205.00
642.00
13.81
1.96
2,155.00
3,688.00
585.26
585.26
35.45
13.82
378.00
ASK
1.12
120.33
1.52
0.97
0.70
8.39
1.34
6.36
8.48
1.76
6.66
65.50
3.03
127.46
65.59
3.78
24.28
279.66
21.25
3.93
124.67
1.75
60.19
0.40
11.71
2.43
36.34
1.51
6.82
272.10
2.85
0.51
20.20
55.15
3.42
3.94
21.60
107.03
475.00
3.67
135.85
1,586.00
0.10
935.00
99.38
178.40
106.15
7.83
21.12
3.74
39.60
15.62
7,794.50
104.95
438.15
88.00
13.84
1.37
9.71
3,250.00
298.08
561.50
42.84
198.10
716.00
13.26
201.02
2,035.60
1.56
4,245.00
22,519.00
649.00
13.85
1.97
2,165.00
3,698.00
594.26
602.86
35.65
13.83
381.00
CLOSE
INDEX (REGION/COUNTRY)
YTD
52 WEEK
CHG
% CHG
% CHG
HIGH
3-YR
LOW
% CHG
% CHG
4.6
GLOBAL
THE GLOBAL DOW (WORLD)
2,200.33
-12.27
-0.55
-12
2,639.52
2,200.33
-13.2
1,846.63
-12.12
-0.65
-5.1
2,305.98
1,752.10
-2.3
9.5
288.56
-1.97
-0.68
-10.1
341.62
288.56
-10
4.4
199.02
-2.86
-1.42
-11.6
246.68
199.02
-15.2
-0.1
1,269.58
-34.41
-2.64
-11
1,619.39
1,269.58
-12.8
0.5
4,958.10
-187
-3.63
-8
5,954.80
4,958.10
-6.4
4,918.40
-195.1
-3.82
-9.1
5,982.70
4,918.40
-7.1
3.9
245.31
-4.89
-1.96
-17.2
408.69
185.44
27.6
8.6
3,038.14
-62.62
-2.02
-6.1
5,166.35
2,290.44
28.5
13.3
20,556.60
-629.72 -2.97
-12.9
28,442.75
20,556.60
-10.4
-0.5
25,778.66
161.82
0.63
-6.3
29,681.77
24,893.81
-3.2
11.2
4,178.41
57.91
1.41
-20.1
5,523.29
4,120.50
-18.7
-0.7
277.30
-13.03
-4.49
-2.5
343.20
22.8
16,930.84
-714.27 -4.05
-3
20,868.03
1,375.52
-63.15
-4.39
-2.3
1,691.29
-5.11
-0.32
-9
-86.71
-1.52
0.8
ASIA PACIFIC
5,612.42
238.07
3.8
14,532.51
4.7
24
1,177.22
3.7
23.1
1,862.80
1,532.14
-13.2
-0.7
5,957.85
5,132.02
6.4
13.5
27.8
32,214.58
-475.44 -1.45
0.3
36,228.88
28,927.04
8.4
PSEI (PHILIPPINES)
6,859.29
43.7
0.64
-5.1
8,127.48
6,791.01
-5.8
8.7
2,787.94
-3.98
-0.14
-17.2
3,539.95
2,787.94
-14.9
-3.1
1,942.85
...
CLOSED
1.4
2,173.41
1,829.81
-4.4
-0.8
6.74
0.1
-2.9
7,605.79
6,782.43
-2.3
5.9
WEIGHTED (TAIWAN)
8,132.35
...
CLOSED
-12.6
9,973.12
7,410.34
-9.5
1.7
SET (THAILAND)
1,348.84
-3.29
-0.24
-9.9
1,615.89
1,301.06
-14.9
1.3
EUROPE
STOXX EUROPE 600 (EUROPE)
339.23
-2.34
-0.69
-1
414.06
310.03
-1.1
8.1
2,905.25
-20.28
-0.69
-3.3
3,591.47
2,781.33
-5.3
4.9
3,029.86
-9.58
-0.32
-3.7
3,828.78
2,874.65
-6.1
7.3
317.56
-1.29
-0.4
-0.7
392.35
288.41
-1.4
9.1
ATX (AUSTRIA)
2,187.68
19.22
0.89
1.3
2,681.44
2,032.13
-0.7
1.5
11.6
BEL-20 (BELGIUM)
3,296.76
-21.13
-0.64
0.4
3,905.71
2,887.73
2.3
PX 50 (CZECH REPUBLIC)
959.40
-2.98
-0.31
1.3
1,058.40
901.30
-3.2
0.2
815.78
-15.31
-1.84
20.8
923.55
611.68
18.1
21.9
7,563.22
28.87
0.38
-2.5
9,374.42
7,010.83
-1.4
11.4
CAC 40 (FRANCE)
4,343.73
-13.32
-0.31
1.7
5,268.91
3,918.62
-1.6
DAX (GERMANY)
9,450.40
-33.15
-0.35
-3.6
12,374.73
8,571.95
-0.3
9.4
BUX (HUNGARY)
20,932.82
266.1
1.29
25.8
22,850.53
15,686.69
17
20,726.75
-32.74
-0.16
24,031.19
18,078.97
-0.8
11.1
AEX (NETHERLANDS)
412.11
-0.21
-0.05
-2.9
509.24
376.27
-2.1
8.4
ALL-SHARES (NORWAY)
611.63
0.94
0.15
-1.3
711.22
575.27
-9.6
7.3
WIG (POLAND)
49,257.71
25.97
0.05
-4.2
57,379.45
48,602.02
-10.2
PSI 20 (PORTUGAL)
4,896.39
-69.81
-1.41
6,324.88
4,606.25
-14.7
-2
784.11
8.38
1.08
-0.8
1,123.72
629.15
-30.2
-19
IBEX 35 (SPAIN)
9,393.90
-0.3
-0.003
-8.6
11,866.40
9,291.40
-13.2
6.8
466.99
0.53
0.11
-1.5
564.90
405.51
4.3
12.1
8,323.48
-57.74
-0.69
-7.3
9,526.79
7,899.59
-5.8
8.6
74,257.65
942.66 1.29
-13.4
91,412.94
71,299.43
-0.9
3.8
5,909.24
-49.62
-0.83
-10
7,104.00
5,898.90
-10.8
16,442.49
-171.67
-1.03
2.2
18,263.46
14,426.74
6.9
11.9
AMERICAS
DJ AMERICAS (AMERICAS)
455.30
0.13
0.03
-10.2
524.44
MERVAL (ARGENTINA)
9,659.57
248.2
2.64
12.6
12,548.99
44,131.82
175.19
0.4
-11.7
13,036.96
32.38
0.25
-10.9
2,936.17
3.66
0.12
42,121.51
228
0.54
11,871.34
-265.56 -2.19
454.62
-7.4
7,581.72
-23
57.9
58,051.61
43,956.63
-18.4
-9.3
15,450.87
13,004.58
-12.9
1.9
-7.2
3,359.04
2,903.95
-9.7
-11.5
-2.4
45,773.31
40,225.08
-6.4
207.6
15,580.47
2,808.13
308.1
237.8
Global Indices
NAME
LOCATION
LAST
NET.CHNG PCT.CHNG
LOW
CLOSE
DJ INDU AVERAGE
NEW YORK
16,049.13
47.24
0.30%
16,001.76
OPEN
16,118.89 15,942.37
16,001.89
LONDON
2,727.64
71.46
2.69%
2,655.56
2,728.09
2,655.56
2,656.18
FRANKFURT
9,688.73
238.33
2.52%
9,674.61
9,696.13
9,596.95
9,450.40
CAC 40 INDEX/D
PARIS
4,464.77
121.04
2.79%
4,433.76
4,468.25
4,413.08
4,343.73
21,261.31 20,971.28
20,726.75
8,526.26
8,428.07
8,323.48
FTSE MIB/D
MILAN
21,248.98
522.23
2.52%
21,039.60
SMI PR/D
SWITZERLAND
8,516.01
192.53
2.31%
8,449.32
HIGH
HONG KONG
20,846.30
289.70
1.41%
20,795.93
20,939.39 20,683.11
20,556.60
TOKYO
17,388.15
457.31
2.70%
17,193.84
17,460.97
17,179.40
16,930.84
ALL ORDINARIES
AUSTRALIA
5,058.60
100.48
2.03%
4,958.10
5,058.60
4,958.10
4,958.12
3,608.29
STRAITS TIMES/D
SINGAPORE
3,614.24
5.95
0.16%
3,598.31
3,625.76
3,590.11
SSE COMPOSITE/D
SHANGHAI
3,053.32
15.19
0.50%
3,052.84
3,073.30
3,039.74
3,038.14
S&P SENSEX/D
MUMBAI
26,154.83
376.17
1.46%
25,986.52
26,179.70
25,918.21
25,778.66
NAME
ANGLO AMERICAN/D
ASSOC.BR.FOODS/D
ADMIRAL GROUP/D
ABDN.ASSET.MAN/D
AGGREKO/D
ANTOFAGASTA/D
ARM HOLDINGS/D
ASHMORE/D
AVIVA PLC/D
ASTRAZENECA/D
BAE SYSTEMS/D
BARCLAYS/D
BRIT AM TOBACC/D
BG GROUP/D
BR LAND CO/D
BHP BILLITON/D
BUNZL/D
BP/D
BURBERRY GRP/D
BT GROUP/D
CARNIVAL/D
CENTRICA/D
COMPASS GROUP/D
CAPITA PLC/D
CRODA INTL/D
CRH/D
DIAGEO/D
MAN GROUP/D
EVRAZ PLC/D
EXPERIAN/D
FRESNILLO/D
G4S/D
GKN/D
GLENCORE/D
GLAXOSMITHKLIN/D
HAMMERSON/D
HARGREAVES LS/D
HSBC HOLDINGS/D
ICAP PLC/D
IAG/D
INTERCONT HOTE/D
IMI PLC/D
IMPERIAL TOBAC/D
INTERTEK GROUP/D
ITV/D
JOHNSON MATTHE/D
KAZ MINERALS/D
KINGFISHER/D
LAND SECS GROU/D
LEGAL & GENERA/D
LLOYDS BNK GRP/D
MEGGITT PLC/D
MARKS & SP./D
MORRISON SUPMK/D
NATIONAL GRID/D
NEXT/D
OLD MUTUAL/D
PETROFAC/D
POLYMETAL INT/D
PRUDENTIAL/D
PEARSON/D
RECKIT BNCSR G/D
ROYAL BANK SCO/D
RDS A/D
RELX/D
ROYAL DTCH SHL/D
REXAM/D
RIO TINTO/D
ROLLS ROYCE PL/D
RANDGOLD RES./D
RSA INSRANCE G/D
SABMILLER/D
SAINSBURY(J)/D
SCHRODERS/D
SCHRODERS NV/D
SAGE GROUP/D
SHIRE/D
STANDARD LIFE/D
SMITHS GROUP/D
SMITH&NEPHEW/D
SERCO GROUP/D
SSE PLC/D
STANDRD CHART /D
SEVERN TRENT/D
TATE & LYLE/D
TULLOW OIL/D
TESCO/D
UNILEVER/D
UNITED UTIL GR/D
VEDANTA RES/D
VODAFONE GROUP/D
WEIR GROUP/D
WOLSELEY/D
WPP PLC/D
WHITBREAD/D
KENYA AIRWAYS/D
LAST
550.70
3299.00
1495.00
296.30
906.50
498.60
935.00
247.20
450.23
4201.00
448.80
245.70
3629.00
951.10
831.50
996.00
1769.00
332.65
1359.00
421.25
3426.00
227.70
1041.00
1197.00
2744.00
1739.00
1765.00
152.04
73.50
1059.00
595.50
230.60
265.00
88.49
1263.00
621.00
1207.00
497.63
455.50
586.50
2259.00
941.50
3396.00
2416.00
246.70
2470.00
80.15
357.30
1250.00
239.20
75.39
476.20
500.50
167.50
912.60
7561.50
188.10
769.00
571.00
1385.80
1112.00
5996.00
315.00
1551.00
1122.00
1555.00
525.50
2210.00
669.34
3836.00
398.40
3723.50
260.40
2783.00
2146.00
500.00
4513.73
386.50
1000.00
1148.00
101.60
1495.64
638.80
2188.00
587.00
172.10
182.30
2690.00
918.63
436.40
207.94
1153.66
3765.00
1370.00
4686.00
5.50
CLOSE
543.10
3205.00
1455.00
293.00
876.00
491.70
919.00
243.40
428.40
4129.50
436.90
239.00
3521.00
949.60
821.50
979.00
1739.00
326.20
1316.00
413.25
3312.00
222.80
1015.00
1190.00
2656.00
1700.00
1718.00
148.60
72.00
1031.00
596.50
227.40
255.50
80.25
1237.50
612.50
1179.00
485.55
447.00
570.00
2209.00
944.50
3334.00
2346.00
243.20
2410.00
72.70
347.90
1234.00
230.40
73.36
464.10
488.40
156.10
900.90
7470.00
182.10
762.50
558.00
1330.50
1099.00
5820.00
308.60
1537.00
1095.00
1543.00
517.00
2149.50
651.00
3844.00
391.90
3700.00
229.30
2716.00
2116.00
491.40
4431.00
375.50
994.50
1122.00
100.50
1437.00
624.10
2136.00
577.50
166.60
171.30
2603.00
905.50
440.30
204.35
1144.00
3656.00
1325.00
4577.00
5.65
NET.CHNG
7.60
94.00
40.00
3.30
30.50
6.90
16.00
3.80
21.80
71.50
11.90
6.70
108.00
1.50
10.00
17.00
30.00
6.45
43.00
8.00
114.00
4.90
26.00
7.00
88.00
39.00
47.00
3.80
1.50
28.00
-1.00
3.10
9.50
8.24
25.50
8.50
28.00
12.10
8.50
16.50
50.00
-3.00
62.00
70.00
3.50
60.00
7.45
9.40
16.00
8.80
2.03
12.10
12.10
11.40
11.70
90.00
6.00
6.50
13.00
55.50
13.00
176.00
6.40
14.00
27.00
12.00
8.50
60.50
18.50
-8.00
6.50
23.50
31.10
67.00
30.00
8.60
82.00
11.00
5.50
26.00
1.10
58.00
14.70
52.00
9.50
5.50
11.00
87.00
13.50
-3.90
3.60
10.00
109.00
45.00
109.00
-0.15
PCT.CHNG
1.40%
2.93%
2.75%
1.13%
3.48%
1.40%
1.74%
1.56%
5.09%
1.73%
2.72%
2.80%
3.07%
0.16%
1.22%
1.74%
1.73%
1.98%
3.27%
1.94%
3.44%
2.20%
2.56%
0.59%
3.31%
2.29%
2.74%
2.56%
2.08%
2.72%
-0.17%
1.36%
3.72%
10.27%
2.06%
1.39%
2.37%
2.49%
1.90%
2.89%
2.26%
-0.32%
1.86%
2.98%
1.44%
2.49%
10.25%
2.70%
1.30%
3.82%
2.77%
2.61%
2.48%
7.30%
1.30%
1.20%
3.29%
0.85%
2.33%
4.17%
1.18%
3.02%
2.07%
0.91%
2.47%
0.78%
1.64%
2.81%
2.84%
-0.21%
1.66%
0.64%
13.56%
2.47%
1.42%
1.75%
1.85%
2.93%
0.55%
2.32%
1.09%
4.04%
2.36%
2.43%
1.65%
3.30%
6.42%
3.34%
1.49%
-0.89%
1.76%
0.87%
2.98%
3.40%
2.38%
-2.65%
LI E
MOTIVATION
27
SPORTS
Why ae English
teams stuggling in
Euope?
Page 31
MANAGEMENT
Business leaders
must consider
a cultures
orientation
towards
business and
innvoation when
determining
satellite
expansion and
new growth
markets. FILE
Innovation
Through centuries of migration and cultural
export, European, North American, secular
Middle Eastern and Australasian nations
value innovation, challenging status quos
and creativity in their education systems,
workplaces and families. East Asian and
Southeast Asian countries, on the other
hand, incorporate respect, harmony, decency and togetherness.
New technologies historically originate
more in the former but become copied or
perfected and enhanced in the latter.
Business leaders must consider a cultures orientation towards dierent desirable attributes when determining satellite
expansion and new growth markets instead
of merely looking into statistics.
Read about Kenyas cultural business
orientation at: http://www.businessdaily
africa.com/How-tribal-culture-inuences-business/-/539444/1799714/-/yutiei//index.html
Prof Scott is the director of the New
Economy
Venture
Accelerator
at
USIUs Chandaria School of Business,
www.ScottProfessor.com, and may be
reached on: info@scottprofessor.com or
follow on Twitter: @ScottProfessor
Look for the cutting-edge Innovation and Creativity Forum coming up on October 30. In next weeks edition of Business Talk, we explore Innovation Success. Read current and prior Business Talk articles on the Business Dailys website and www.usiu.ac.ke/blog/businessdaily .
28
Life: MANAGEMENT
Feebies that
will keep you
employees happy
-ENTREPRENEUR
. Offer supplemental insurance plans that are administered through payroll but are
paid for by the employee.
Carriers of health, life, car and accident insurance typically offer these
plans at a lower rate to employers,
so everybody benets.
29
Life:
MARKETING
Life:
MANAGEMENT
MARKET Worrying number of experienced salespeople have become innecient
BottomLine
SALES PITCH
JOHN KAGECHE
Selling, on the other hand, starts around at the novices struggling to get
from below zero and reaching zero is to zero and feels that he has arrived. He
a feat in itself. To successfully reach stops learning, developing and growthe zero base line, sellers must rst ing. He gets sloppy and inadvertently
unlearn what they learned for close to breaks his prospecting pattern; he
two decades and in an environment wings his presentations and gets too
that treats them as outcasts.
casual with buyers.
For a moment it works; the momenLacking the requisite support
structures (for example, a competent tum he has built in the past year carries
sales manager) makes it a losing bat- him forward. Soon though, he realises
he has been decelerating. What was
tle for many.
Secondly, the nature of selling once a steady gush is reduced to spurts.
makes things hard. Unlike the desk This becomes his new normal.
It is especially dicult to get out
job where work comes to you, selling
of this predicament if the
requires that we
salesperson lacks a selsh
are always looking
for work. To thrive,
drive
to keep him going; not
Even with
the search must remerely achieving targets for
apidly changing the sake of it (which incidenmain never ending.
Its the very lifeline
tally is unsustainable as a
technology
of the role.
motivation tool) but a burneplacing many
ing desire for, say, recogniSalespeople
jobs, the one
tion, helping others, getting
have to learn to rea degree or keeping up with
main aoat in the
pofession that
the Joneses.
oods of internal
is still gowing is
Interestingly, even those
pressure for numwith desk jobs in time nd
bers and external
sales
it necessary to acquire sales
rejection by buyskills for their side hustles.
ers. Rejection is
painful and it torpedoes many sales Globally, even with rapidly changing
boats. They rapidly sink and the cap- technology replacing many jobs, the
tain jumps ship.
one profession that is still growing
Sometimes the captain stays on is sales. Paradoxically, the salesperboard because he is seasoned in son isnt.
Arresting this anomaly is a joint
steering clear o the waters. He thus
remains experienced in his comfort eort that pools together the saleszone. Naturally, growth is stunted.
persons attitude and enabling supAnother reason why many sales- port structures.
people grow into ineciency is their
attitude. Having grown a year past base
Kageche is lead facilitator, Lend
line, the sales person wallows in the Me Your Ears, a sales training and
miasma of the progressive pats on the development rm. Email:lendmeyo
back he has been receiving. He looks urears@consultant.com
30
Life: MARKETING
10
11
13
12
15
14
16
17
18
19
21
By breaking down your long-term goals into smaller daily tasks, evaluating your plans regularly and being adaptable, you will enjoy the benets of your efforts. FILE
to you. For example, if your goal is to run
10 miles a day but youre starting to have
knee problems, then you may ask yourself
if your goal is really to run (as an end in itself) or to enjoy a healthier lifestyle. This
kind of exibility will get you what you really want and may save you from having
surgery down the road.
TIMES 24,961
isms in
H O C U S
S U S T A IN E D
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R Y E
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V E N D E T T A
N U T T E R
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T R A IN B A N D
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SUDOKU 089
22
23
24
25
26
27
Across
1 Means to help engineers joining
training programme (8)
5 French city, mostly chilly when spring
begins (6)
9 Computing trouble? Start off showing
some common sense (8)
10 Dog collar returned and put away
(4,2)
12 Rhubarb ready for picking after very
little time (5)
13 He plays rugby game, then he soaks in
water and departs (5,4)
14 In the event, tip-top notion will need
further development (5-2-5)
18 Oscars off to the sea, taking a spin in
a motor to Lands End (7,5)
21 Protective garments formerly,
covering legs? Quite the opposite (9)
23 Bit of a smooth operator? I wish! (5)
24 High-ier beginning to inquire about
careers? Hes put off (6)
25 Recalled artist at Christmas party
being a famous painter (8)
26 Old coin with head of the queen?
Right (6)
27 Peacekeepers ultimately want
number set free (8)
20
Down
1 Agreed southern town is off-limits (6)
2 Left wing agent given hearing (6)
3 Cuckoo at top of mast? (2,3,4)
4 Force tax to come down on delivery
truck? Its gone up (8,4)
6 Lecture means nothing to class (5)
7 Refer to new school thats set up as
very attractive (8)
8 Try a dip I concocted in haste (8)
11 Coin the wife banked, back from
Cornwall? (5-7)
15 Type of sh brill served around
noon, maybe (9)
16 Given slap, unpleasant person full of
discomfort (8)
17 Conserve ocean, having reduced
pollution (8)
19 Who might give order to preach? (6)
20 Passion is stronger in EastEnders
broadcast (6)
22 Female physicians stroke of luck (5)
SUDOKU PUZZLE
090
How to play
Fill the grid so that every row, every column and every 3x3 box
contains 1-9.
You solve the puzzle with reasoning and logic and not
mathematical ability
31
SPORTS BRIEFING
Injury-plagued NBA player
undergoes surgery again
Chicago Bulls guard Derrick Rose, the injury-nagged former NBA Most Valuable Player, suffered a left orbital fracture in practice and was done for surgery yesterday.
Rose was struck in the face by an elbow
during a pre-season workout and taken
to a nearby hospital where doctors diagnosed the orbital break.
A timetable for Roses return to the Bulls
will be determined after the operation.
Rose has been hindered by a series of knee
injuries since winning the 2011 NBA Most
Valuable Player Award. Since the start of
the 2011-12 season, Rose has played in
32
TOMORROW:
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HE SAID
Eort only fully
releases its reward
after a person
refuses to quit.
Environment
NEWS
killed Douglas
Gissendaner,
was given life
in prison as
part of a plea
bargain. Pope
Francis, who
was recently on
a US tour, urged
the review board to reconsider. But on
Tuesday afternoon, the board announced it
was not granting clemency.
-Napoleon Hill
American Author
1883-1970
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