Headlines
Mixed fortunes at the stock market
By Jackson Okoth
It has been a tale of mixed fortunes at the Nairobi Stock Exchange since the beginning of this year. This is clearly reflected in share prices across all the counters at the bourse.
While the NSE 20-share index, which measures the price performance of listed blue chip companies in Kenya, has been depressed since the beginning of this year, the market is now on an upward swing.
Monthly figures from the NSE show that the index stood at 5774.27 points at the close of trading in January this year. It has since been on a downward spiral to 5133.67 in February to bottom out at 5001.77 at the end of the month of May this year.
As the first quarter of this year
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Headlines
AccessKenya steps up expansion plans
By John Njenga
In their quest to hit the billion shilling target this year as indicated in the firm’s expansion plan, Access Kenya has acquired two technology firms in Kenya - Open View Systems and Today’s online.The company’s aggressive expansion strategy is aimed at increasing its market share, especially in the provision of internet services to the corporate end of the market.
One of the acquisitions - Open View is mainly in hardware sales and has dealership contracts with International Business Machines (IBM). It also offers
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Headlines
Fina Bank curves niche in SME lending
By Patrick Muchiri
Fina Bank has set out to entrench and widen its foothold in the Small and Medium Sized enterprises (SME) market.
Robert Warlow, the bank’s Executive Director and Head of Risk told The Financial Post that the institution has renewed its focus on the SME market.
It has also been on an expansion programme to open up more branches both locally and on the regional market.
“Our continued interest in lending to the SME sector is as a result of realising that there exists a gap for the SME sector in the banking industry, which needs to be filled,” says Warlow.
He further explains that Fina is into SME banking niche market
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