Welcome to RICH.CO.KE - Authorised Nairobi Stock Exchange Data Vendor

aly khan says:
march 10th, 2010 at 02:54 pm
Is East #Africa the Next #Frontier for #Oil ? #TIME
http://bit.ly/bVUf4w

"It seems for a variety of geopolitical reasons more than anything else it's been neglected over the last several decades. Most of those barriers are currently being lowered or [have] disappeared altogether."

North Africa has seen 20,000 wells sunk over the past few decades, while drillers have sunk 14,000 wells in and off West Africa. In East Africa the total is about 500 wells.

"Definitely, there is a sense that there are discoveries to be had," says Aly-Khan Satchu, a financial adviser who runs Rich Management in Nairobi. "The reality and the perception of risk are narrowing."

aly khan says:
march 9th, 2010 at 07:59 pm
#Kenyan #stocks seen higher on local buyer interest #Reuters
http://bit.ly/cXxhiW

The Nairobi Stock Exchange's 20-share index has been on a roll this year on the back of foreign investor appetite. It ended Monday's session at 3,743.11 points, up 15 percent this year.

"The NSE-20 has broken through its upside resistance which was 3,640 points and it is targeting 4,040 points," said Aly Khan Satchu, an independent trader and analyst, adding the rally was spurred by foreign buyers. "Now we are seeing local institutional investors weighing in."

He said capital gains from national carrier Kenya Airways were 173 percent over the past 12 months with mobile phone firm Safaricom recording 101 percent gains in the same period.

"People can no longer ignore these gains," Satchu said.

www.rich.co.ke

aly khan says:
march 9th, 2010 at 03:18 pm
Doing #Business in #Africa #CNBC #Kenya Edition
http://www.rich.co.ke/rctools/richtvc.php
http://bit.ly/bLepUd