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  • 9 microfinance banks licensed in Kenya
    NAIROBI, Kenya Oct 24 – The Central Bank of Kenya (CBK) has so far licensed nine microfinance banks with 96 branches and 67 marketing offices as at July 2014. Collectively, they had 1.47 million deposit accounts valued at Sh32.04 billion with an ou…
    18 hours ago 24 Oct 14, 9:55am
  • World Bank President due in Kenya next week
    NAIROBI, Kenya, Oct 24 – World Bank Group President Jim Yong Kim is expected in the country on Tuesday next week for a high-level visit. Kim, together with the United Nations Secretary-General, Ban Ki-moon will hold talks with President Uhuru Kenya…
    19 hours ago 24 Oct 14, 8:50am
  • Nairobi lighting phase I project ends November
    NAIROBI, Kenya, Oct 24 – The first phase of the Sh10 billion mega street lighting project by Kenya Power in Nairobi will be complete by November 30 this year. Kenya Power Managing Director Ben Chumo said the first phase will involve setting up ligh…
    20 hours ago 24 Oct 14, 8:23am
  • Oil rich Angola seeks to pack a global punch
    Angola’s recent election to the UN Security Council is part of a wider bid to polish its veteran president’s image and transform the fast emerging oil-rich country into a regional powerhouse. Angola has worked hard to heal the scars of battle sin…
    1 day ago 24 Oct 14, 3:56am
  • 5 firms seek part in cargo handling business at KAA
    NAIROBI, Kenya, Oct 23 – More than five companies specialised in ground handling cargo services have sought to be enjoined in the Kenya Airport Authority’s (KAA) suit seeking to be part of the cargo handling business which is allegedly dominated…
    2 days ago 23 Oct 14, 11:29am
  • Sophia Bekele: From model to tech entrepreneur
    Sophia Bekele is not your average entrepreneur. She started her career as a model in the US by chance but she never lost focus of where she wanted to be. Sophia is now an international entrepreneur, corporate governance & risk management specialist a…
    2 days ago 23 Oct 14, 11:12am
  • Court halts SGR project in Kibwezi West
    NAIROBI, Kenya, Oct 23 – The High Court in Machakos on Thursday suspended the construction of a section of the Sh300 billion Standard Gauge Railway line in Kibwezi West constituency. This is after Kibwezi West Member of Parliament Patrick Musimba m…
    2 days ago 23 Oct 14, 10:47am
  • EU puts up 24 mn euros to find Ebola vaccine
    BRUXELLES, October 23- The European Union put up 24.4 million euros Thursday in a “race against time” to find Ebola vaccines and treatments as deaths from the disease mount in the worst affected countries. The funds will be fast tracked “in or…
    2 days ago 23 Oct 14, 9:44am
  • President Kenyatta briefed on status of SGR project
    NAIROBI, Kenya, Oct 23 – Compensation for 158 kilometres of land acquired by the National Land Commission for the construction of the Standard Gauge Railway (SGR) is being finalised. Presenting a report on the status of the SGR to President Uhuru K…
    2 days ago 23 Oct 14, 8:59am
  • Kenya Power net profit lights up to Sh6.46bn
    NAIROBI, Kenya, Oct 23 – Increased electricity sales and tariff reviews have pushed Kenya Power’s net profit up by 87.6 percent to Sh6.46 billion in the 2014 full year, compared to Sh3.44 billion recorded last year. Electricity sales grew by 9.8…
    2 days ago 23 Oct 14, 8:13am

N-Soko Property Show

N Soko Property Show Episode 68For more news visit Follow us on Twitter Like our FaceBook page
2 days ago 22 Oct 14, 10:04pm
N-Soko Property show episode 67N Soko Property show - Capital Gains Tax For more news visit Follow us on Twitter Like our FaceBook page...
13 days ago 12 Oct 14, 11:51am
N-Soko Property Show episode 66N-Soko Property Show episode 66 For more news visit Follow us on Twitter Like our FaceBook page http://w...
20 days ago 5 Oct 14, 10:22am
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23 days ago 2 Oct 14, 6:15am
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27 days ago 28 Sep 14, 12:30pm
N-Soko Property Show Episode 63For more news visit Follow us on Twitter Like our FaceBook page
40 days ago 14 Sep 14, 4:58pm

Daily Nation Business

  • How we cut the high cost of dairy feeds
    Through groups, dairy farmers can access veterinary services at affordable costs.
    17 hours ago 24 Oct 14, 11:32am
  • Small animal that gives much more than a cow
    Dorper sheep offers higher returns because it gains weight faster.
    17 hours ago 24 Oct 14, 11:27am
  • Shelling maize need not be a tough task
    A sheller will help you save time and high costs that come with using hands.
    17 hours ago 24 Oct 14, 11:23am
  • Kenya, Rwanda embrace new cargo platform
    Only two East African countries have embraced the Electronic Single Window System ahead of December 1 deadline for its full implementation.
    17 hours ago 24 Oct 14, 10:39am
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    INVITATION TO TENDEROPEN NATIONAL TENDER NOTICETender for Supply & Delivery of Fertilizer
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  • CitiBank recognises animator in 2014 awards
    Animator Moses Gitonga has scooped the 2014 entrepreneurship award in this year’s Citi Micro Award (CMA) for entrepreneurs.
    19 hours ago 24 Oct 14, 9:25am
  • Ministry to create new oil and gas blocks
    The Energy ministry is planning to create at least eight new exploration blocks from the ones that have been surrendered by locally operating companies as the search for oil and gas gathers steam.
    19 hours ago 24 Oct 14, 9:18am
  • Safaricom fires 56 employees in graft related cases
    Safaricom sacked 56 employees in the year ended March, a move that highlights rising cases of economic crime in corporate Kenya.
    20 hours ago 24 Oct 14, 8:11am
  • Low cost Kenya-made car goes on sale at Sh950,000
    A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago.
    22 hours ago 24 Oct 14, 6:30am
  • 'Cloud' lifts Microsoft earnings above expectations
    Microsoft on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet "cloud" services for enterprises.
    23 hours ago 24 Oct 14, 4:54am
  • Pre-orders for Samsung Galaxy Note 4 open in Nairobi
    A week after a glitzy launch in South Africa, pre-orders are now open for Samsung’s new flagship smartphone, the Galaxy Note 4, in Kenya.
    1 day ago 23 Oct 14, 4:22pm
  • Kenya Power profit rises to Sh6bn
    The electricity distributor made Sh6.46 billion, up from the Sh3.45 billion earned in 2013.
    2 days ago 23 Oct 14, 1:51pm
  • Jua Kali operators to exhibit wares in Rwanda
    The former will select the individuals to take part in the event scheduled for December 1 to 7.
    2 days ago 23 Oct 14, 1:38pm
  • KenGen blames high taxes for profit decline
    The power generating company recorded Sh2.82 billion in after- tax earnings against Sh5.22 billion recorded over a similar period last year.
    2 days ago 23 Oct 14, 1:32pm
  • Agents to help KRA bring in rental tax
    The process will start with Nairobi move on to Mombasa and Kisumu before panning out to all the 47 counties.
    2 days ago 23 Oct 14, 1:21pm
  • Central Bank defends thin SIM card licence issued to Equity Bank
    The team studied the technology and visited countries where the cards have been used to learn from their experiences.
    2 days ago 23 Oct 14, 1:06pm
  • Heads roll in Russia over Total crash
    Heads rolled in Russia Thursday over the plane crash that killed the CEO of French oil giant Total.
    2 days ago 23 Oct 14, 9:25am
  • Tech company targets counties with software solutions
    Devolution has opened new business opportunities for small businesses and many investors have shifted their focus from the national government to counties.
    2 days ago 23 Oct 14, 7:53am
  • Airtel, KRA partnership enables subscribers to pay taxes via mobiles
    Airtel subscribers can now pay their taxes through their mobile money platform following a partnership with the KRA.
    2 days ago 22 Oct 14, 5:26pm
  • Family Bank goes out for Sh3bn in cash call
    Mr Munyiri said the cash call will open up more opportunities for the bank by increasing its single borrower limit to over Sh2.75 billion, thus enabling it to participate in big ticket businesses.
    3 days ago 22 Oct 14, 3:03pm
  • Kenya seeks re-election to global telcoms board
    Speaking during a luncheon he hosted on the sidelines of the event, ICT Cabinet Secretary Fred Matiang’i said Kenya fully endorses Mr Kibe whose performance over the last four years has been outstanding.
    3 days ago 22 Oct 14, 3:02pm
  • Group seeks staff for coal-fired power plant
    The consortium emerged top in a tender evaluation conducted by the Ministry of Energy last month, and was due to be awarded the deal.
    3 days ago 22 Oct 14, 3:02pm
  • Buyers to pay more for goods under proposed duty on paper
    In a statement on its website, the Kenya Association of Manufacturers said implementation of the proposed charge would trigger an increase of between five per cent and seven per cent on the final cost of products.
    3 days ago 22 Oct 14, 2:56pm
  • Yahoo profit surges on Alibaba divestment, mobile
    Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba.
    3 days ago 22 Oct 14, 10:03am
  • Balala set to lose power on mining licences, fees
    Mining cabinet secretary Najib Balala will lose power to issue and arbitrarily cancel mining licences if the National Assembly approves changes to the Mining Bill 2014.
    3 days ago 22 Oct 14, 7:00am
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    3 days ago 22 Oct 14, 5:07am
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  • Swiss firm bags tender to build, run duty-free shops
    The authority said in a statement on Tuesday that the tender will see Dufry operate in excess of 751 square metres of retail space.
    3 days ago 21 Oct 14, 4:22pm
  • Total shares fall after boss dies in crash
    He had once said he was in favour of a “smooth transition” but had never designated a successor.
    4 days ago 21 Oct 14, 3:31pm
  • Delay in funds release slows power link-ups
    Energy and Petroleum Cabinet Secretary Davis Chirchir told the Nation by telephone, on Tuesday, that an agreement on the credit meant to subsidise connection to homes is expected to be signed in November.
    4 days ago 21 Oct 14, 3:30pm
  • New team to review VAT refund claims
    The team, according to Mr Henry Rotich, is expected to report back to him in two months with genuine claims before the refund begins.
    4 days ago 21 Oct 14, 3:30pm
  • KRA employees’ lifestyles to be put under radar in war on graft
    The exercise will seek to evaluate an individual’s lifestyle vis-a-vis remuneration to establish any inconsistencies on how they acquired their wealth.
    4 days ago 21 Oct 14, 3:28pm
  • Wealthy Kenyans push number of registered planes to 1,268
    The number of registered aircraft in Kenya grew by 32 per cent in the past five years to 1,268 in a show of growing affluence by the elite who are driving up demand for air travel.
    4 days ago 21 Oct 14, 12:00pm
  • RMA Motors defends Twitter gaffe
    The Chief Executive of RMA Motors has defended its response on Twitter to a high-profile client who complained on Twitter.
    4 days ago 21 Oct 14, 10:24am

The EastAfricanBusiness

Business Today

The Star

  • CBK absorbs Sh810 million above target for bond
    The Central Bank has accepted 421 bids worth Sh15.81 billion for the infrastructure bond following oversubscription, it disclosed yesterday. Initially it targeted Sh15 billion from the 12-year debt note dated October 27, whose proceeds will be used…
    1 day ago 24 Oct 14, 3:30am
  • Kenya Power shares rise after positive full year results
    Kenya Power’s share touched a fresh 52-week high yesterday after it nearly doubled net profit for the year ended June 30 and sweetened the news with a dividend payout. The near-monopoly electricity vendor announced an after-tax profit of Sh6.46 bi…
    1 day ago 24 Oct 14, 3:30am
  • SMEs set to benefit from national digital mapping
    THE government wants to formalise all small and medium enterprises using the national digital registry service to enable them easily raise capital from the financial sector. Central Bank of Kenya governor Njuguna Nd'ungu said easing credit access fo…
    1 day ago 24 Oct 14, 3:30am
  • Jubilee Insurance to cover StanChart marathon
    Jubilee is offering Sh7.5 million insurance cover to all the runners, officials, volunteers and equipment in Sunday's Nairobi Standard Chartered Marathon. Chief executive Patrick Tumbo said Jubilee is committed to the health and welfare of the commu…
    1 day ago 24 Oct 14, 3:30am
  • Kenya's Mining Laws Must Be Carefully Thought Out
    One of the worst results of the haphazard and knee-jerk manner in which the country is enacting law will be witnessed in the extractive industry. This manner of enacting legislation, especially in a situation where almost all sectors are developing…
    1 day ago 24 Oct 14, 3:30am
  • NIC targets Sh2.1 billion for investment deals
    NIC Bank plans to strenghten its deal making business across East Africa, it said yesterday. The 24-branch medium-sized lender said a significant share of the ongoing fund raising will go into corporate advisory services through its NIC Capital subs…
    1 day ago 24 Oct 14, 3:30am
  • CFC Life to change brand identity to Liberty
    CFC Life rebrands to Liberty Assurance Limited next Tuesday to distinguish itself from a rival firm its usually confused for, it said yesterday. Managing director Abel Munda said the company's decision has also been informed by the need to associate…
    2 days ago 23 Oct 14, 3:00am
  • KCB launches promotion to boost mortgage sales
    Kenya Commercial Bank has launched an interest free mortgage campaign for its customers. The three month online campaign dubbed “Draw for Zero” will reward a home buyer with a zero per cent mortgage. Participants will be required to apply and pr…
    2 days ago 23 Oct 14, 3:00am
  • Sustained Investments In Electricity Needed To Power The Economy
    The government plans to add 5,000 megawatts of green, clean and reliable power to the national grid by 2017 into the current capacity of 1,664MW. As a matter of fact, the promise to increase investment in energy production coming during the Mashujaa…
    2 days ago 23 Oct 14, 3:00am
  • Communications regulator seeks auditor for thin SIM
    The Communications Authority is seeking a consultant to audit the thin SIM card technology, which it approved for roll out by Equity Bank’s subsidiary for a one-year trial period. Finserve Africa was one of the three firms licensed in April as mob…
    2 days ago 23 Oct 14, 3:00am
  • Family Bank's profits ahead of 2013 earnings
    FAMILY Bank told shareholders yesterday profit before tax for the first eight months stood at Sh1.78 billion and has already surpassed the 2013 full year earnings of Sh1.76 billion. Net earnings were however slightly lower to Sh1.23 billion compared…
    2 days ago 23 Oct 14, 3:00am
  • Reviewed paper tax to push up prices of goods
    Prices of consumer goods are set to rise following a reintroduction of higher tax on imported paper for making packaging materials, according to paper converters and printers. Through the Kenya Association of Manufacturers, the paper and paperboard…
    2 days ago 23 Oct 14, 3:00am
  • Kenya Orchards continues with its baffling rise
    The Nairobi all share rebounded 0.462% to close at 160.58. The all share is +17.511% in 2014 and 2.943% below a record closing high reached last month. The Nairobi NSE20 shaved off 8.09 points to close at 5251.09. The Nairobi NSE20 is 155 points bel…
    2 days ago 23 Oct 14, 3:00am
  • Barclays bank plans to start insurance company
    BARCLAYS Bank is seeking approval to conduct insurance business in Kenya. Sources said the bank is eyeing life insurance business. Insurance Regulatory Authority confirmed that the bank has applied for the licence but did not give further details on…
    2 days ago 23 Oct 14, 3:00am
  • VAT refunds to commence in January, pledges Rotich
    GOVERNMENT has pledged to clear VAT tax refunds backlog starting January with an initial payment of Sh10 billion. National Treasury Cabinet Secretary Henry Rotich said yesterday that a taskforce has been set up to review the issue of tax refunds and…
    3 days ago 22 Oct 14, 3:00am

  • Zimbabwe: Hippo Valley U.S Ethanol Production
    [Zimbabwe Independent]TONGAAT Hullet's Zimbabwean unit Hippo Valley (Hippo) plans to invest towards growing sugar cane production by 10% annually over the next few years as part of efforts meant to increase ethanol production from current levels of 2…
    2 hours ago 25 Oct 14, 2:30am
  • Africa: Conundrum Over Discordant U.S. & European Trade Policies
    [ECDPM]Washington, DC -The Africa Leaders Summit, held in Washington in early August, marked a welcome and important turning point as trade and investment became a top priority in US-African relations. At the same time, this development has placed th…
    11 hours ago 24 Oct 14, 5:11pm
  • Kenya: Kenya's Digital Registry System to Go Live in June 2016
    [CIO]The National Digital Registry System (NDRS) is set to go live by June 2016. Once launched the system will help facilitate the sharing of data among institutions.
    17 hours ago 24 Oct 14, 11:32am
  • Ghana: NRSC Aims to Reduce Road Accidents By 50 Percent By 2020
    [Ghana Govt.]The National Road Safety Commission (NRSC) is leading the implementation of the National Road Safety Strategy III (NRSSIII) which was launched in 2011.
    18 hours ago 24 Oct 14, 10:05am
  • Nigeria: Diamond Bank CEO Steps Down
    [This Day]The Group Managing Director/Chief Executive Officer of Diamond Bank Plc, Dr. Alex Otti has resigned from the bank in order to pursue his ambition of becoming the governor of Abia State in next year's election.
    18 hours ago 24 Oct 14, 9:53am
  • Liberia: Chinese Team Arrives to Build More ETUs
    [New Dawn]A high level 15-member advance team from the People's Republic of China is expected in Liberia Friday, October 24, 2014 for the construction and operation of Ebola Treatment Units in the Country.
    20 hours ago 24 Oct 14, 7:39am
  • Liberia: Liberia Begins Study On More Equitable Compensation Scheme
    [FrontPageAfrica]Monrovia -The Executive Branch of Government has begun a study that would lead to a more uniformed and equitable compensation scheme among state-owned-enterprises (SoEs) and autonomous agencies.
    21 hours ago 24 Oct 14, 7:32am
  • Liberia: Liberia Revenue Authority Receives Major ICT Boost From UNDP
    [FrontPageAfrica]Monrovia -The Liberia Revenue Authority (LRA) has received several ICT equipment and accessories from the United Nations Development Program (UNDP) in Liberia. The equipment include 50 desktop computers, 25 laptops, 50 UPS, 20 switch…
    21 hours ago 24 Oct 14, 7:32am
  • Liberia: Dr. Kollie Meets With EU Delegation
    [New Dawn]Acting Finance and Development Planning Minister, Dr. James F. Kollie, has met with EU delegation visiting Liberia and underscored the need for Liberia's partners to assist the country meet the post-Ebolachallenges.
    21 hours ago 24 Oct 14, 7:25am
  • Liberia: LRA Receives ICT Boost
    [New Dawn]The Liberia Revenue Authority (LRA) has received several ICT equipment and accessories from the UNDP in Liberia. The equipment includes 50 computer desktops, 25 laptops, 50 UPS, 20 switches and 6 heavy duty printers among others.
    21 hours ago 24 Oct 14, 7:23am
  • Cameroon: Elecam Examines 2015 Budget
    [Cameroon Tribune]Board Members of Elections Cameroon, ELECAM, have examined and adopted the 2015 budget. They met in Yaounde yesterday, October 23, 2014, in their fourth ordinary session to discuss business of the house and chart a way forward. Top…
    21 hours ago 24 Oct 14, 7:15am
  • Liberia: 80 Teachers Get Ebola Training
    [New Dawn]The Ministry of Education has trained over 80 public and private school teachers from Bain-Garr, Nimba County on Ebola awareness. Addressing reporters in Ganta recently at the start of the training, the administrative assistant from the bur…
    21 hours ago 24 Oct 14, 7:14am
  • Nigeria: Minimum Wage - Labour Vows to Resist Removal From Exclusive List
    [This Day]Abuja -Nigeria's labour movement has vowed to resist the decision of the Senate to remove the minimum wage from the Exclusive list to the Concurrent legislative list, saying such move would create more economic hardship for Nigerian workers…
    21 hours ago 24 Oct 14, 7:02am
  • Africa: AU Chair Lobbies for Flight Resumption to Ebola Affected Countries
    [Observer]The Chairperson of the African Union Commission, Madam Nkosazana Dlamini Zuma, disclosed yesterday that she has been working behind the scene to ensure that regional and continental airlines resume flight to Ebola affected countries.
    22 hours ago 24 Oct 14, 6:32am
  • South Africa: Court Orders Suspension of Broadcaster's COO
    [SAPA]Johannesburg -The Western Cape High Court ordered on Friday that SABC COO Hlaudi Motsoeneng be suspended with immediate effect, the DA said.
    22 hours ago 24 Oct 14, 6:23am
  • Algeria: Transport - Algeria's Actions During Gtmo 5+5 Chairmanship Greeted in Lisbon
    [Algerie Presse Service]Algiers -Transport Group of the Western Mediterranean (GTMO 5+5) expressed Thursday in Lisbon (Portugal) its satisfaction with Algeria's efforts during its chairmanship of the group, a Transport ministry's statement has said.
    22 hours ago 24 Oct 14, 6:20am
  • Tunisia: 2nd Edition of Souk At-Tanmia - 250 Participants Trained, Best Projects to Receive Donations
    [Tunis Afrique Presse]Tunis -Some 250 participants in the second edition of "Souk At-Tanmia Partnership," received training "to build their managerial capacity and prepare them to complete their projects," the African Development Bank (AfDB) said in…
    22 hours ago 24 Oct 14, 6:14am
  • Zimbabwe: Speed Up Reforms - IMF
    [The Herald]The International Monetary Fund says Zimbabwe should fast-track the policy reform agenda in order for the country to gather support towards a strategy for clearing the $10 billion debt.
    22 hours ago 24 Oct 14, 6:06am
  • Kenya: Police Told to Complete Housing Projects
    [The Star]KISUMU county assembly has asked the government to expedite the building of Migosi and Nyalenda police posts.
    22 hours ago 24 Oct 14, 5:55am
  • Kenya: Mombasa Port to Get 15 Cranes, Says Mungatana
    [The Star]THE Kenya Ports Authority will get new equipment to improve operations at the Kilindini Harbour. Chairman Danson Mungatana said they expect three ship-to-shore gantry cranes and 12 new rubber-tyred gantry cranes by February.
    22 hours ago 24 Oct 14, 5:55am
  • Kenya: Nyandarua Ward Roads to Be Graded - Governor
    [The Star]Nyandarua Governor Daniel Waithaka has said the county government will ensure roads in all the 25 wards are graded.
    22 hours ago 24 Oct 14, 5:55am
  • East Africa: Third EAC Academia-Public-Private Sector Forum Opens in Kigali
    [EAC]East African Community Headquarters, Arusha, Tanzania, 23 October 2014: The 3rd East African Community (EAC) Academia-Public-Private-Sector Forum opened today in Kigali, Rwanda, with a call by His Excellency President Paul Kagame to the stakehol…
    22 hours ago 24 Oct 14, 5:46am
  • East Africa: EAC Partner States Urged to Implements SQMT to Facilitate Regional Trade
    [EAC]Arusha -The Director General of EAC Customs and Trade Directorate, Mr. Peter Kiguta has urged EAC Partner States to play their roles in the implementation of EAC Standardization, Quality Assurance, Metrology and Testing Act (SQMT) in order to re…
    22 hours ago 24 Oct 14, 5:45am
  • Kenya: EPZA to Open New Centre in Busia Town
    [The Star]THE Export Processing Zones Authority yesterday said it will set up a centre in Busia county.
    22 hours ago 24 Oct 14, 5:44am
  • Kenya: Cane Farmers Want Board Formed to Regulate Prices
    [The Star]Sugarcane farmers in Western Kenya want a committee formed to regulate prices.
    23 hours ago 24 Oct 14, 5:19am
  • Sudan: Farm Business Helps Environmentalist Realise Potential
    [Sudan Tribune]Bor -Bor farmer Paul Alim Amol can often be seen pushing a wheelbarrow laden with guava fruits in the Jonglei state capital to reach his buyers. Depending on the season, Amol's wheelbarrow will also contain lemon, mango or orange fruit…
    23 hours ago 24 Oct 14, 5:03am
  • Zimbabwe: Enhance Security for Ministers On Roads
    [The Herald]The accident involving Minister of Justice, Legal and Parliamentary Affairs Emmerson Mnangagwa on Wednesday night fortunately caused no injuries although the vehicles are damaged and if things had been just a little different there could…
    24 hours ago 24 Oct 14, 4:31am
  • South Africa: HCI Suspend Chairman Golding
    [SAPA]Johannesburg -Hosken Consolidated Investments (HCI), which owns broadcaster, has suspended its executive chairman Marcel Golding, the company has said.
    24 hours ago 24 Oct 14, 4:23am
  • South Africa: R43 Million Eskom TNA Briefing Deal
    [SAPA]Johannesburg -Eskom interim CEO Collin Matjila has stirred controversy at the power utility over a R43-million contract to sponsor The New Age's (TNA) breakfast briefings, the Mail and Guardian reported on Friday.
    24 hours ago 24 Oct 14, 4:21am
  • Nigeria: Power Outages - Help On the Way, FG Tells Nigerians
    [Vanguard]Lagos--Following the significant decline in power supply witnessed across the country in the last couple of days and the untold hardship it has brought upon Nigerians, the Federal Government, yesterday, said, "Nigerians should take heart, h…
    24 hours ago 24 Oct 14, 4:12am

How We Made it in Africa

CNBC Africa

  • Here's why oil could slide further
    Crude oil continues to flirt with the key $80 per barrel level, signaling another possible sharp leg down in price in the coming weeks.
    14 hours ago 24 Oct 14, 1:35pm
  • Russian relief: Ratings held steady
    Standard & Poor's affirmed its ratings on Russia Friday, providing relief to markets that had feared a downgrade.
    16 hours ago 24 Oct 14, 12:09pm
  • Ford may build Tesla-like vehicle
    Ford CEO Mark Fields says the company is considering a Tesla-style high performance electric vehicle, USA Today reports.
    16 hours ago 24 Oct 14, 11:55am
  • Cashin says expect volatility in oil
    Investors should keep an eye on the S&P 500 reaching a resistance level, and oil shale plays, says UBS's Art Cashin.
    16 hours ago 24 Oct 14, 11:40am
  • Oil near $86 on strong supply, Ebola case
    Brent crude fell below $86 a barrel on Friday on news of strong supply from OPEC producers and a case of Ebola in New York.
    19 hours ago 24 Oct 14, 8:56am
  • CAT versus crude: Why nothing can save oil
    With Caterpillar rallying, could crude, which was closely correlated with the price of Caterpillar stock, soon follow?
    1 day ago 23 Oct 14, 5:00pm
  • Commodities tomorrow: What will OPEC do?
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil finished strong today, as stocks were up, as well. Meanwhile, gold got whacked today.
    2 days ago 23 Oct 14, 4:00pm
  • AEP CEO: Great quarter
    Nicholas Akins, AEP chairman, president and CEO, discusses earnings and moves in the company's stock price. Akins also provides insight into the production of shale.
    2 days ago 23 Oct 14, 3:35pm
  • Oil settles higher on Saudi cut
    Oil prices rose on news Saudi Arabia cut its supply to the market in September and on strong economic data from Europe and China.
    2 days ago 23 Oct 14, 2:36pm
  • Syrian regime, Kurds buying ISIS oil
    ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.
    2 days ago 23 Oct 14, 1:42pm
  • Sterne Agee energy analyst: Why oil has been so weak
    Tim Rezvan of Sterne Agee explains what's been behind oil's incredible slide, with CNBC's Jackie DeAngelis and the Futures Now Traders.
    2 days ago 23 Oct 14, 1:07pm
  • Industry most impacted by drought
    A look at the most unlikely industry being affected by a drought, with CNBC's Jane Wells.
    2 days ago 23 Oct 14, 12:46pm
  • Occidental misses Street Q3 forecasts
    Occidental Petroleum earnings of $6 billion below expectations.
    2 days ago 23 Oct 14, 11:52am
  • Bond funds boost US debt holdings
    US corporate bond funds are adding Treasurys at more than twice the rate of corporate debt amid global slowdown concerns.
    2 days ago 23 Oct 14, 10:01am
  • Stocks may face headwinds after US data
    Strategists said stocks could continue a pattern of consolidation Thursday, after the massive spring back rally earlier in the week.
    2 days ago 23 Oct 14, 7:28am
  • Oil at $80 will 'challenge' Russia: ex-Fin Min
    Alexei Kudrin, former finance minister of Russia, says the country's economy will face a "challenge" if the oil price hits $80 per barrel or below.
    2 days ago 23 Oct 14, 4:50am
  • How to solve the EU's energy issues
    Christopher Granville, managing director at Trusted Sources, discusses the reform needed in the European Union energy market to make it more competitive.
    2 days ago 23 Oct 14, 4:40am
  • US rate hike unlikely in the next 6-9 months: Pro
    Amid recent market volatility, the Fed could delay raising interest rates until end 2015 or early 2016, says John Derrick, Director Of Research at U.S. Global Investors.
    2 days ago 22 Oct 14, 7:12pm
  • Commodities tomorrow: Markets fall, crude does too
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A big oil build was far more than traders expected. After the headlines in Ottawa, the markets fell and crude dropped, as well.
    3 days ago 22 Oct 14, 4:00pm
  • Oil drop another issue for the market
    Oil is skidding amid oversupply and concerns about slowing growth and deflation.
    3 days ago 22 Oct 14, 3:09pm
  • Oil dips after U.S. stockpile jumps
    Oil prices slipped on Wednesday after data showed a second consecutive weekly jump in U.S. crude oil stockpiles.
    3 days ago 22 Oct 14, 2:38pm
  • Threat to watch: China-Russia axis
    As Russia and China forge trade pacts, many Westerners wonder if this cozy relationship is anything to be concerned about.
    3 days ago 22 Oct 14, 10:20am
  • Consumer prices barely rise
    The data painted a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.
    3 days ago 22 Oct 14, 9:45am
  • Total names Pouyanne and Desmarest at top positions
    Total has confirmed that Patrick Pouyanne, head of refining up until now, will take over as chief executive, and Thierry Desmarest as chairman.
    3 days ago 22 Oct 14, 7:15am
  • Industries at risk from climate change
    Some big industries have a lot at stake due to climate change. Their profitability, and very survival, may depend on it.
    3 days ago 22 Oct 14, 6:00am
  • Fears over energy as Russia-Ukraine talks fail
    Russia and Ukraine failed to reach an accord on gas supplies for the coming winter.
    3 days ago 22 Oct 14, 1:16am
  • Blackstone makes wind, solar play
    Mega investment firm Blackstone Group announced a new partnership to identify and to develop North American renewable power projects.
    3 days ago 21 Oct 14, 6:07pm
  • Oil up after China demand news
    Oil prices closed slightly higher after an early rally aided by data showing stronger-than-expected China demand.
    4 days ago 21 Oct 14, 4:02pm
  • Power from ocean tides: Don't laugh
    A new project to generate power from the tides is gaining momentum in the UK, Breaking Energy reports.
    4 days ago 21 Oct 14, 3:29pm
  • Watch Cashin: stable oil prices help
    Art Cashin of UBS Financial Services says oil above $82 is supportive of the market, helping major averages recover.
    4 days ago 21 Oct 14, 3:02pm
  • Commodities tomorrow: Gold over $1,250
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Commodities rallied today. Oil was up on the day and nat gas rebounded after hitting an 11-month low.
    4 days ago 21 Oct 14, 3:00pm
  • Price of oil not where Russia would like
    Russia could face budget problems if oil stays at recent lows—especially given a sliding ruble and Crimea-related costs.
    4 days ago 21 Oct 14, 11:46am
  • Uganda has discovered oil, gas: Energy minister
    Irene Muloni, minister of energy and minerals for Uganda says commercial reserves of petroleum and gas have recently been discovered in the country.
    4 days ago 21 Oct 14, 11:46am
  • Ford drops Focus Electric price
    Ford cuts Focus Electric prices to spur flagging sales, reports USA Today.
    4 days ago 21 Oct 14, 8:55am
  • Total’s CEO dead: Loss for industry and France
    Tributes pour in for Christophe de Margerie after the chief executive of Total died in a business jet crash in Moscow.
    4 days ago 21 Oct 14, 8:04am
  • Fuel price hikes: India, Indonesia, now Thailand?
    Wirat Uanarumit, CFO of Thai oil giant PTT, discusses price reform in Thailand and the impact of lower oil prices on the firm's revenues and profits.
    4 days ago 20 Oct 14, 9:49pm
  • Costs of solar are key: SunEdison CEO
    The falling cost of solar energy is key for a long growth trajectory, Ahmad Chatila, CEO and president of SunEdison, says.
    4 days ago 20 Oct 14, 7:00pm
  • Commodities tomorrow: Nat gas down in spite of cold
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks and commodities both stabilized today. WTI was down slightly, nat gas took a big hit, and gold was up a bit on the day.
    5 days ago 20 Oct 14, 3:39pm
  • Falling gas prices = more spending?
    Gas prices are falling but's Tom Kloza said he doesn't think that will mean a huge boost in consumer spending.
    5 days ago 20 Oct 14, 3:35pm
  • Cooperman's energy picks
    Omega Advisors' Leon Cooperman, discusses his take on the energy sector and low oil prices.
    5 days ago 20 Oct 14, 12:21pm
  • Oil slips below $86 on global oversupply
    Brent crude futures edged higher, after U.S. data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support.
    5 days ago 20 Oct 14, 10:38am
  • Halliburton profit beats
    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.
    5 days ago 20 Oct 14, 10:27am
  • Oil prices falling on weak market: Pro
    Stephen Schork, "The Schork Report" editor says oil prices may be approaching a bottom of the market.
    5 days ago 20 Oct 14, 6:34am
  • Oil price fall more than a coincidence?
    The recent drop in oil prices could be due to more than just lower demand, according to some analysts, who suggest the U.S. could be deliberately manipulating the market.
    5 days ago 20 Oct 14, 5:35am
  • Parliament support crucial for Indonesian reforms
    Raden Pardede, Vice Chairman, National Economic Committee, says the fuel subsidy reform must happen this year before the parliament removes their support next year.
    5 days ago 19 Oct 14, 10:10pm
  • Why Jokowi must cut fuel subsidies this year
    Fauzi Ichsan, Indonesia Managing Director of Standard Chartered, says a fuel subsidy reduction is the only way to slash the fiscal deficit. He says fuel prices may rise by 45 percent.
    5 days ago 19 Oct 14, 8:15pm
  • Oil's decline is a bad thing? Nonsense!
    One of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad, says Larry Kudlow.
    7 days ago 17 Oct 14, 9:41pm
  • Oil will bottom at $75, trader says
    U.S. crude closed higher Friday but was still down on the week. Some pros expect the slide to continue.
    7 days ago 17 Oct 14, 4:33pm
  • Why Venezuela is desperate
    Despite its oil revenues, Venezuela's economic and fiscal situations are in free fall. Learn why here.
    8 days ago 17 Oct 14, 2:07pm
  • Oil moves overdone: Pro
    Discussing the move in oil, with Jack Bouroudjian, Index Financial Partners; Kenny Polcari, O'Neil Securities; and Bob Iaccino, Tethy's Partners.
    8 days ago 17 Oct 14, 1:23pm

Africa Business Magazine

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

  • Ebola outbreak testing Africa’s preparedness during disasters
    West Africa is dealing with the worst Ebola outbreak in history. The World Health Organisation says this Ebola strain is the most widespread to date.
    2 days ago 23 Oct 14, 12:14pm
  • Mining can only succeed in stable environment
    Mining by its nature is typically a very expensive, very time consuming and very risky business which requires a certain level of long- term financial stability and legal certainty.
    2 days ago 23 Oct 14, 12:14pm
  • EDITORIAL: Resolve boundary rows
    That Kenya is grappling with a large number of boundary rows 50 years since independence, though looking minor in the face of the mega challenges that abound, is a statement of just how shambolic our public records are.
    2 days ago 23 Oct 14, 12:10pm
  • EDITORIAL: Twitter row will only hurt Judiciary’s credibility
    The unflattering exchanges between Chief Justice Willy Mutunga and former chief registrar Gladys Shollei that erupted in the social media is not what is expected of the two.
    2 days ago 23 Oct 14, 12:10pm
  • Sh2.1bn cash call sets NIC Bank on new growth path
    NIC Bank opened  its Sh2.1 billion rights issue on Thursday, coming after September’s bond issue that raised Sh5 billion, a statement of how rapid things are moving at the mid-tier bank.
    2 days ago 23 Oct 14, 11:53am
  • Infrastructure bond defeats purpose of external borrowing
    This week the Central Bank of Kenya (CBK), on behalf of National Treasury, sold the country’s third Sh15 billion infrastructure bond, with the coupon rate pre-fixed at 11 per cent.
    2 days ago 23 Oct 14, 11:52am
  • Betting on old power sources will hurt Kenya’s energy quest
    The proposed 960MW Lamu coal plant has brought to the boil simmering tender wars among fat cats falling over themselves for control of the mouth-watering deal.
    2 days ago 23 Oct 14, 11:42am
  • Rough road ahead for first female boss at General Motors
    In my last column I quoted from an article about American politics in a recent issue of Time. The cover story of that edition profiled Mary Barra, the CEO of General Motors, and there was much to learn from it.
    2 days ago 23 Oct 14, 10:45am
  • EDITORIAL: Mining plan welcome
    The mining industry is set to undergo tremendous changes if the proposed creation of a mineral rights board is approved by the National Assembly.
    3 days ago 22 Oct 14, 11:32am
  • EDITORIAL: Bringing the cost of power down is commendable
    Power distribution and transmission firm Kenya Power has done a fairly commendable job of switching on Kenyans to the national grid particularly in the last decade.
    3 days ago 22 Oct 14, 11:32am

Property - The Star

  • Rentals seen as alternative solution to housing deficit
    Housing experts are rethinking the notion of homeownership for all, saying this is impossible, hence the need to find alternative solutions. A conference held last week heard that it could be preferable to turn to decent rental housing as a stop-gap…
    3 days ago 22 Oct 14, 3:00am
  • Uasin Gishu to rebuild housing estates
    Uasin Gishu county will begin construction of new residential houses next year, according to Governor Jackson Mandago. The county has a cumulative shortage of about 200,000 units. Mandago said the county will develop housing units for outright sale…
    3 days ago 22 Oct 14, 3:00am
  • Lift on land ban anticipated to spur real estate investments across Uasin Gishu county
    The property market in Uasin Gishu county is expected to thrive once the ban on land transactions, which had constrained the business, is lifted fully by mid-November. The county government imposed the ban last December to take stock of public land,…
    3 days ago 22 Oct 14, 3:00am
  • Naivasha gets first gated community development
    Naivasha is set to get its first gated real estate development, moving away from the now popular live-in golf developments announced to date. The development, dubbed Italian Luxury Courts, will comprise 200 homes on a 40-acre parcel of land between…
    3 days ago 22 Oct 14, 3:00am
  • Insurer to spend Sh1.7bn on hotel, country homes
    CIC Group has set aside 34 per cent of its recently raised Sh5 billion bond cash for real estate developments, it said last week. The firm is looking to develop 712 acres of land in the outskirts of Nairobi, targeting commercial blocks and country h…
    3 days ago 22 Oct 14, 3:00am
  • Nairobi county estates evolve into slums
    Soaring rents, inadequate housing and high commute costs within Nairobi are spurring slums in the county-owned residential estates such as Ziwani, Muthurwa, Bahati, Jericho and Maringo. Tenants subletting the shacks – which are extensions to the o…
    3 days ago 22 Oct 14, 3:00am
  • Commercial agriculture grows farmland values
    Several landowners have placed farms on sale in recent months, with a sneak preview of pricing signalling rising values for upcountry real estate. Most of the farmland on offer is being sold in blocks, with intention to attract serious commercial ag…
    3 days ago 22 Oct 14, 3:00am
  • Americans face post-foreclosure hell as debts linger
    Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing the…
    10 days ago 14 Oct 14, 5:00pm
  • New building to cut cleaning costs using technology
    DEVELOPERS continue to explore more innovative ways to create green buildings and save occupants maintenance costs, with a new business centre launching use of self-cleaning glass for windows. The new seven-floor, the Emani Business Centre located a…
    10 days ago 14 Oct 14, 5:00pm
  • Popularity of apartments soars at the Coast
    CONSTRUCTION of apartments in Mombasa has grown tremendously, raising the population of city residents living in apartments to 80 per cent, property market experts estimate. According to real estate agents and developers, apartments have become popu…
    10 days ago 14 Oct 14, 5:00pm
  • NLC issues notice to acquire 46 parcels of land for railway
    THE National Land Commission has listed 46 parcels of land it intends to acquire for construction of the Nairobi-Mombasa standard gauge railway. Out of the 46, the biggest chunk will be obtained from East Africa Portland Cement Company, from which N…
    10 days ago 14 Oct 14, 5:00pm
  • Insurance companies slash stakes in real estate
    Insurers slightly reduced investments in property between April and June, according to latest data. The second quarter report by the Insurance Regulatory Authority shows that total investments by insurance firms in various assets amounted to Sh318.9…
    10 days ago 14 Oct 14, 5:00pm
  • Cube Movers to expand to counties as house moving rises among high income earners
    PEOPLE are changing residence after every three years on average, driving up demand for moving services, major logistics firm Cube Movers has said.The company, which started operations in March 2005, is now eyeing expansion into the counties to capi…
    10 days ago 14 Oct 14, 5:00pm
  • Luxury rental market chills drastically in second quarter
    Rents in Nairobi’s affluent estates, patronised by high income individuals and expatriates, remained unchanged between April and June, a slowdown for the previously red-hot market.Knight Frank’s Prime Global Rental Index for the second quarter,…
    10 days ago 14 Oct 14, 5:00pm
  • Tatu City prices plots at Sh23m as construction resumes
    Tatu City, touted as Kenya’s first privately managed city, has priced serviced plots in its light industrial and logistics park at Sh23 million per acre as construction revs back to life. About 18 plots measuring five acres each are on sale in the…
    17 days ago 7 Oct 14, 5:00pm

CEO Magazine

  • RVR receives first batch of locomotives
    By Silvia Nyambura Rift Valley Railways (RVR) has received the first of 3 locomotives purchased in a project aimed at doubling its freight haulage capacity. The arrival of the locomotives is a major milestone as they will deliver the much needed infr…
    5 days ago 20 Oct 14, 11:42am
  • DHL named Top employer
    By Silvia Nyambura DHL Express has been recognized alongside 12 other companies in Africa for its outstanding employee offerings. This accolade is given to companies deemed as having excellent history of compliance in regards to conditions that emplo…
    5 days ago 20 Oct 14, 10:38am
  • ACCA to host regional convention
    By Silvia Nyambura The Association of Chartered Certified Accountants (ACCA) will host the ACCA Eastern Africa Convention in Kampala from 25th to 27th November 2014. Under the theme ‘Eastern Africa the next growth frontier’, the convention will d…
    10 days ago 15 Oct 14, 7:01am
  • NSSF banks on Members Meeting to boost transparency
    By Silvia Nyambura The National Social Security Fund (NSSF) has announced it will hold its Annual Members Meeting (AMM) on the 28th of October 2014. This is in a bid to engage its members on the activities taking place at the fund. Making the announc…
    11 days ago 14 Oct 14, 12:08pm
  • E-learning to enhance Ugandans’ access to education in the long term
    By Silvia Nyambura Stakeholders in the education sector have been advised to keep an open mind and embrace e-learning as it is here to stay. According to the Assistant Commissioner in charge of Primary Education Tony Mukasa, an effective teacher shou…
    11 days ago 14 Oct 14, 10:42am
  • UAP officially unveils Nakawa Business Park.
    By Silvia Nyambura UAP Group has unveiled its USD 70 million business complex in Kampala. The office complex which consists of four blocks has witnessed reasonable uptake of space so far with Uganda Revenue Authority as one of its top tenants. It is…
    19 days ago 6 Oct 14, 10:07am
  • NSSF ups interest rate to 11.5 percent
    Silvia Nyambura Retirement savings scheme National Social Security Fund (NSSF) has increased its interest rates from 11.23 percent in 2013 to 11.5 percent in 2014. This translates to Ushs 366 billion meaning for every Ushs 1million held by a member a…
    23 days ago 2 Oct 14, 11:36am
  • Carlson Rezidor Group of Hotels enters Uganda market
    By Our Reporter The Carlson Rezidor Group of Hotels has announced its entry into the Uganda market with the establishment of the Radisson Blu Hotel. The Hotel expected to open its doors in the 4th Quarter of 2016 will comprise 195 rooms and will be m…
    23 days ago 2 Oct 14, 9:18am
  • DHL Express among 21 Local Companies to enjoy preferential treatment from URA
    By Silvia Nyambura DHL Express Uganda has been issued a certificate of Authorized Economic Operator (AEO) by the Uganda Revenue Authority (URA) joining 21 other local companies that have been accredited since 2013. The AEO is issued to companies deem…
    23 days ago 2 Oct 14, 6:41am
  • UCC appoints new board
    By Silvia Nyambura The Uganda Communications Commission (UCC) has appointed a new Board of Directors for the first time since UCC and Broadcasting Council merged under the Uganda Communications Act 2013. The board consists of 9 members including Chai…
    23 days ago 2 Oct 14, 5:12am

Kenyan Shilling Exchange Rate


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