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  • Shell makes huge gains as Kenol loses ground
    Oil marketer Vivo Energy, branded in Kenya as Shell, has continued to chip away at rival KenolKobil’s market share while closing in on the leader Total Kenya.
    8 hours ago 21 Aug 14, 1:16pm
  • Kenya asks Iran to ease tea payments
    Strict control on foreign exchange accounts by governments of Iran, Yemen and Sudan has particularly had negative impact on tea export
    8 hours ago 21 Aug 14, 1:14pm
  • MPs support December election date
    The committee agreed that the Bill be forwarded to Attorney-General Prof Githu Muigai for fine-tuning before it is published.
    8 hours ago 21 Aug 14, 1:12pm
  • MCAs win aides’ reprieve
    Justice Isaac Lenaola gave the orders after Transition Authority failed to appear in court or respond to a petition by MCAs
    8 hours ago 21 Aug 14, 1:10pm
  • Telkom opens out-of-court talks with staff
    Telkom Kenya has initiated out-of-court negotiations for a settlement with its former employees in a Sh3.2 billion severance pay dispute that could help to pave the way for the telco’s intended sale. 
    9 hours ago 21 Aug 14, 1:00pm
  • GTBank defends its board’s independence
    Nigerian-owned Guaranty Trust Bank, formerly known as Fina, has defended the composition of its boardroom against claims by a global ratings agency that the lender did not have independent directors.
    9 hours ago 21 Aug 14, 1:00pm
  • TransCentury reports Sh1.63bn loss
    Infrastructure investment company TransCentury recorded a loss of Sh1.63 billion in the first half of 2014 compared to a net profit of Sh380 million in a similar period last year.
    9 hours ago 21 Aug 14, 12:58pm
  • Western Kenya seeks to scale up agribusiness
    Investments in value addition, logistics and storage facilities for agricultural produce tops the agenda of a farmers, financiers and investors meeting in the lakeside city of Kisumu.
    9 hours ago 21 Aug 14, 12:58pm
  • NCPB signs agency deal to sell farm inputs, tools
    The National Cereals and Produce Board (NCPB) will open up its more than 100 depots for sale of agro-based goods on behalf of manufacturers to grow its revenues.
    9 hours ago 21 Aug 14, 12:57pm
  • Oil attracts airlines to new airstrip in Lokichar
    Oil business in Lokichar has attracted new airlines to a new private airstrip in Turkana County.
    9 hours ago 21 Aug 14, 12:56pm
  • Tourism boom for hotels in Baringo
    Baringo County is enjoying a tourism boom with more than 6,000 visitors arriving in the past two weeks, earning it more than Sh5 million.
    9 hours ago 21 Aug 14, 12:55pm
  • City Hall to carry out crime survey
    City Hall is planning to spend Sh10 million on a survey to asses crime within Nairobi.
    9 hours ago 21 Aug 14, 12:55pm
  • MP seeks State policy to regulate boda boda
    The government will be compelled to develop a policy to regulate the operations of commercial motorcycles popularly known as boda boda if MPs approve a Motion whose debate started on Thursday.
    9 hours ago 21 Aug 14, 12:54pm
  • NIC Bank’s Sh3bn bond issue opens
    NIC Bank opened its Sh3 billion bond Thursday, the first tranche of its Sh8 billion bond programme to run for five years.
    9 hours ago 21 Aug 14, 12:46pm
  • Oil marketers push ERC to blacklist illegal gas resellers
    Oil marketers are lobbying the Energy Regulatory Commission (ERC) to extend the vigorous fuel quality monitoring to cooking gas resellers even as independent dealers said the campaign was a reaction to retail competition.
    9 hours ago 21 Aug 14, 12:40pm

CapitalFM Business

  • AccessKenya mobile app to aid clients
    NAIROBI, Kenya, Aug 21- Corporate Internet and Information Technology Solutions provider AccessKenya Group has launched a mobile service solution for smartphones and tablets. The application features a self service module that allows faster resolutio…
    10 hours ago 21 Aug 14, 11:26am
  • NIC Bank launches Sh3bn bond
    NAIROBI, Kenya, Aug 21 – NIC Bank has launched the sale of a Sh3 billion bond as the first part of a strategy of raising capital through a bond and Rights Issue to fund future business growth. The bond is part of a major capital-raising program as…
    10 hours ago 21 Aug 14, 11:22am
  • GT Bank in county expansion plans
    NAIROBI, Kenya Aug 21 – Guaranty Trust (GT) Bank Kenya plans to roll out 60 branches in the next four years in all counties as its seek to expand its presence in the country. GT Bank Managing Director Adekunie Sonola says the bank intends to open 1…
    11 hours ago 21 Aug 14, 10:31am
  • KQ moves 11 more flights to Terminal 1A
    NAIROBI, Kenya Aug 21- Kenya Airways (KQ) has migrated 11 additional flights to the new ultramodern Terminal 1A at its Jomo Kenyatta International Airport (JKIA) hub. From August 21, the airline will be operating a total of 15 flights from the new te…
    12 hours ago 21 Aug 14, 9:37am
  • Tourism tanks in Crimea under the Russian flag
    SEVASTOPOL, August 21 – Restaurant owner Galina Anchukova looks out across the seaside promenade in sunny Feodosia, with its straggle of strolling tourists, and sees a wasted financial opportunity. “The season is ruined, there is nobody here,”…
    13 hours ago 21 Aug 14, 8:17am
  • Brazil announces new $4.5 bn credit stimulus
    SAO PAULO, August 20- Brazil’s central bank said Wednesday it would ease banks’ reserve requirements for the second time in less than a month, freeing up $4.5 billion to stimulate lending and boost the sluggish economy. Under the new rules, banks…
    13 hours ago 21 Aug 14, 8:09am
  • Galaxy Tab S launched in Kenya
    NAIROBI, Kenya, Aug 21 – Samsung has unveiled the Galaxy Tab S in Kenya, which is the slimmest tablet to be developed by the global electronics firm. It comes in two models of 8.4 inch and 10.5 that will retail at Sh55,999 and Sh74,999 respectively…
    14 hours ago 21 Aug 14, 7:59am
  • Eurozone economy still in timid recovery
    BRUSSELS, August 21 – A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year. This latest data is likely to strengthen the views of th…
    14 hours ago 21 Aug 14, 7:49am
  • When buying or selling, consider hiring a pro, or you may get a con #PropertyInsights
    “Should I hire an agent to buy/sell my property or should I just save on the expense and do it on my own?” this is the question that runs through everyone’s mind when it comes to property. It is possible and in some cases cheaper for sellers/bu…
    16 hours ago 21 Aug 14, 5:40am
  • Kenya to benefit from Sh44B SAP investment in Africa
    Global business software firm SAP has announced a seven-year $500 million plan to up-skill local African talent and drive sustainable innovation and growth in Africa. Kenya will be among the key beneficiaries of the investment along with four other c…
    16 hours ago 21 Aug 14, 5:34am

N-Soko Property Show

N-Soko Property Show Episode 59N-Soko Property Show Episode 59 For more news visit Follow us on Twitter Like our FaceBook page
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18 days ago 4 Aug 14, 7:41am
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25 days ago 27 Jul 14, 11:08am
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32 days ago 20 Jul 14, 11:00am
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39 days ago 13 Jul 14, 1:22pm

Daily Nation Business

The EastAfricanBusiness

Business Today

The Star

  • India eyes farm produce to increase Kenya trade
    India is in talks with key private sector groups in Kenya in a push to have the country export more agricultural produce to the Asian giant to cut reduce trade deficit. It is hoped a deliberate push as this will boost the two-way trade further while…
    1 day ago 20 Aug 14, 5:00pm
  • Britam profits up 27%, to slow down on expansion
    British-American Investment Company has reported a 27 per cent increase in net profit for the six months ended June 30, helped by the insurance business and investments income. The firm yesterday announced an after-tax profit of Sh2.75 billion compa…
    1 day ago 20 Aug 14, 5:00pm
  • Shilling firms, but gains seen as short-lived
    The shilling yesterday firmed against the dollar, buoyed by dollar inflows from the tea sector, but traders said the currency was more likely to weaken again in coming days. At 10.30 a.m, commercial banks quoted the shilling at 88.20/88.35 to the do…
    1 day ago 20 Aug 14, 5:00pm
  • Fanisi invests Sh220 million in meat plant
    Fanisi Capital has announced an investment of Sh221 million in Rumuruti based Ngare Narok Meat Industries, a leading supplier of beef in Laikipia. The meat processor aid the investment will create 75 direct jobs within Rumuruti, and another 150 in-d…
    1 day ago 20 Aug 14, 5:00pm
  • Jamii Bora and Heritage sign card insurance deal
    Jamii Bora Bank will issue the new debit cards which come with an added insurance package to its more than 300,000 customers next month, after signing a deal with Heritage Insurance yesterday. Customers will be paid up to Sh40,000 losses incurred if…
    1 day ago 20 Aug 14, 5:00pm
  • Car importers protest over new port charges
    MOTOR VEHICLE importers are opposed to the new charges by the Kenya Ports Authority. The Car Importers Association of Kenya now wants the charges reviewed saying the new levy pushed up the cost of business leading to losses. In a letter to the KPA m…
    1 day ago 20 Aug 14, 5:00pm
  • Eastleigh business struggling to pick up after security operation
    BUSINESSES in Eastleigh are struggling since the start of the security operation dubbed 'Operation Usalama Watch', to flush out suspected Al-shabaab insurgents from Nairobi. The Eastleigh Business Community said traders who used to get about 80 per…
    1 day ago 20 Aug 14, 5:00pm
  • Will More Money To The Counties Enhance Economic Performance?
    The potential gains of devolution include taking services closer to the people. The assumption here is that counties are better versed in the needs of the local people and more flexible in providing solutions for those needs. Consequently, at least…
    1 day ago 20 Aug 14, 5:00pm
  • M-Pesa rewards low amount users, targets big cash deals
    SENDING large amounts of money on M-Pesa will cost you more from tomorrow but those sending less than Sh1,500 can smile as the transaction fee has been slashed. However withdrawal charges remain unchanged across the board. In a statement, Safaricom…
    2 days ago 19 Aug 14, 5:00pm
  • Two firms battle over control of Sh100 million planes
    A company associated with Fly540 is petitioned a decision requiring it to hand over two of its aircrafts worth $1.2 million (Sh105.6 million) to a private company despite cancellation of sale agreement. According to court documents Sandhoe Investmen…
    2 days ago 19 Aug 14, 5:00pm
  • Shilling eases against dollar, CBK action eyed
    The shilling weakened yesterday, hurt by dollar demand from the oil and telecommunication sectors, as traders watched to see if the central bank would intervene to stop the currency's depreciation. At 10.30 a.m., commercial banks quoted the shilling…
    2 days ago 19 Aug 14, 5:00pm
  • Chamber issues notice to exporters
    The Kenya National Chamber of Commerce and Industry has so far issued more than 20,000 certificates of origin to exporters by the Kenya Chamber of Commerce and Industry since it took over the role in July. According to KNCCI business development man…
    2 days ago 19 Aug 14, 5:00pm
  • Limuru Tea half-year profit drops by 42%
    Agricultural firm Limuru Tea reported a 42 per cent drop in first-half pretax profit and forecast lower revenue in the second half of the year, blaming weaker tea prices for both declines. Kenya is the world's leading black tea exporter, and the cro…
    2 days ago 19 Aug 14, 5:00pm
  • ERC shuts down four petrol stations for cheating
    The Energy Regulatory Commission has shut down four petrol stations for contravening quality standards while eleven others have been fined for not paying the requisite duty to the Kenya revenue Authority. Fast Energy Service Station Gacharara in Kia…
    2 days ago 19 Aug 14, 5:00pm
  • Tourism players want a dedicated ministry to tackle crisis
    PRIVATE sector tourism players want a stand-alone ministry from the East African Affairs and Commerce docket to give the industry the attention it deserves in the face of crisis. Speaking yesterday, the players drawn from the hotel industry accompan…
    2 days ago 19 Aug 14, 5:00pm

How We Made it in Africa

CNBC Africa

  • Crude on track for sharp weekly fall
    U.S. crude oil futures edged down, hurt by an increase in supplies, and the front month contract looked poised for a weekly decline of 3.5 percent.
    1 hour ago 21 Aug 14, 8:34pm
  • Burning mad in the Bakken
    Due to a lack of storage, energy in North Dakota is being burned off. CNBC's Morgan Brennan reports drillers flare off more than $100 million worth of natural gas each month.
    5 hours ago 21 Aug 14, 4:50pm
  • Oil rises, latches on to US data
    Oil got a boost from U.S. economic data, overcoming supply worries and weak Chinese data.
    7 hours ago 21 Aug 14, 2:43pm
  • Battle in the Bakken: Alternatives to flaring
    CNBC's Morgan Brennan reports on some of the creative ways drillers are cutting down on the controversial practice of burning off excess gas produced in the Bakken.
    14 hours ago 21 Aug 14, 7:53am
  • Bakken nat gas buildout 'flares' controversy
    Drillers in North Dakota only capture about 68 percent of the gas they find and burn off the rest, resulting in flaring. Now the rush is on to find ways to meet new regulations to curb the flaring, reports CNBC's Morgan Brennan.
    15 hours ago 21 Aug 14, 6:47am
  • Oil at 14-month low as bulls eye upside
    The price of Brent crude hit a 14-month low on Thursday, but market analysts now believe that oil could find a floor and expect prices to stabilize.
    16 hours ago 21 Aug 14, 5:53am
  • We need Russian influence: Ukrainian minister
    The Ukrainian government needs “Russian influence” to deal with the problems within its borders, one of its most senior members said.
    18 hours ago 21 Aug 14, 3:11am
  • Geopolitical risk premium gone from oil: Pro
    Abhishek Deshpande, oil and gas analyst at Natixis, says fundamentals have become important to oil prices as the geopolitical risk premium given to the commodity has gone.
    20 hours ago 21 Aug 14, 1:30am
  • New company attracts Cramer’s attention
    If you’re looking for an energy play, Cramer thinks this stock may belong on your radar.
    1 day ago 20 Aug 14, 6:43pm
  • Oil keeps gains amid US stockpile drop
    Oil rallied as a drop in U.S. oil inventories momentarily overrode concerns about ample supplies and geopolitics.
    1 day ago 20 Aug 14, 2:34pm
  • An end to 'blood for oil'? Not just yet
    As U.S. oil production surges, some say U.S. geopolitical and military strategies are being realigned.
    1 day ago 20 Aug 14, 2:26pm
  • Futures Now: Crude just off 7-month low
    The Futures Now team discusses the action in crude and gas prices.
    1 day ago 20 Aug 14, 12:38pm
  • Who holds the key to Baghdad stability?
    As Iraq's crises have deepened there are increasing reports of militias acting with more and more autonomy, GlobalPost reports.
    1 day ago 20 Aug 14, 10:58am
  • Indonesia faces weak diesel imports
    Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows.
    2 days ago 19 Aug 14, 8:24pm
  • Cramer drills into Energy XXI's decline
    John D. Schiller Jr., Energy XXI chairman and CEO, discusses the company's performance and tells Mad Money's Jim Cramer the merger has been integrated seamlessly and has helped the company negotiate better deals and lower expenses.
    2 days ago 19 Aug 14, 6:58pm
  • As sector struggles, this stock shines
    This energy producer has been on fire, said Cramer.
    2 days ago 19 Aug 14, 6:41pm
  • US nuclear agency hacked: Report
    The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in attacks involving tainted emails.
    2 days ago 19 Aug 14, 5:01pm
  • Commodities tomorrow: U.S. awash in oil
    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. The U.S. is awash in oil, even though geopolitical volatility is the rule of the day.
    2 days ago 19 Aug 14, 4:00pm
  • Crude hugs lows as demand issues fester
    Oil sank to multi-month lows on weak demand and easing concerns over risks to supply.
    2 days ago 19 Aug 14, 2:34pm
  • Finding the bottom for crude oil
    Crude oil is just off its 7-month low. Where's the bottom for crude, with CNBC's Mandy Drury and the Futures Now Traders.
    2 days ago 19 Aug 14, 1:10pm
  • Ukraine may have another energy problem
    Ukraine is running low on coal because of violence in the country, according to two firms with energy operations there.
    2 days ago 19 Aug 14, 1:05pm
  • Duke Energy oil spills into Ohio River
    The spill occurred during what Duke described in a statement as a 'routine transfer of fuel oil' at its WC Beckjord plant in New Richmond, Ohio.
    2 days ago 19 Aug 14, 11:35am
  • Pickens: Brent crude above $100 forever
    The oil and gas entrepreneur says he thinks international oil prices will stay high into perpetuity.
    2 days ago 19 Aug 14, 11:19am
  • No more Mr. Nice Islamic State
    The Islamic State (IS or ISIS) faces increasing rejection from within Iraq and Syria, Global Post reports.
    2 days ago 19 Aug 14, 10:39am
  • US consumer prices barely budge
    Consumer inflation barely rose last month, helped in large part by falling energy costs.
    3 days ago 19 Aug 14, 8:30am
  • 'More than enough' nat gas for everyone: Atlas Energy CEO
    Discussing the natural gas and energy outlook for the U.S., and the potential for export facilities, with Atlas Energy CEO Ed Cohen.
    3 days ago 19 Aug 14, 8:18am
  • Iraqi forces mount operation in Tikrit
    Iraqi forces launched an operation on Tuesday to drive Islamic State militants out of Tikrit.
    3 days ago 19 Aug 14, 5:02am
  • BHP Billiton creates new metals, mining company
    BHP Billiton on Tuesday said it planned to create a new global metals and mining company based on a selection of its aluminium, coal, manganese, nickel and silver assets.
    3 days ago 19 Aug 14, 3:44am
  • PetroChina reviews push to produce LNG
    PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas(LNG) to fuel trucks and ships in place of diesel.
    3 days ago 18 Aug 14, 8:00pm
  • Commodities tomorrow: Geopolitics moving oil prices?
    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.
    3 days ago 18 Aug 14, 4:00pm
  • Oil ends lower as supply dominates trade
    Oil hit its lowest in over a year on Monday, as investor concerns over conflict in Ukraine and Iraq eased.
    3 days ago 18 Aug 14, 2:37pm
  • Bottom line on Tesla warranty: Herb Greenberg
    CNBC contributor Herb Greenberg thinks Tesla has stretched earnings quality. Phil LeBeau, provides perspective.
    3 days ago 18 Aug 14, 12:32pm
  • Electric car outlook
    CNBC's Phil LeBeau looks at what vehicles will dominate the roads 25 years from now.
    3 days ago 18 Aug 14, 12:29pm
  • What investors are missing about energy
    As oil slides, energy stocks are badly underperforming the S&P. But investors could be getting this trade all wrong.
    3 days ago 18 Aug 14, 12:16pm
  • Don't pick war on Ukraine: McChrystall
    The West should be firm with Russia on Ukraine but should not pick a war, retired Gen. Stanley McChrystal tells CNBC.
    4 days ago 18 Aug 14, 9:00am
  • Faster planes in 25 years?
    CNBC's Phil LeBeau and the "Squawk Box" crew discuss the future of aviation.
    4 days ago 18 Aug 14, 8:34am
  • Market jitters: Energy & equities
    "All the traders are in the Hamptons," says Dan Dicker,, in discussing the energy market; and Jim Iuorio, TJM Institutional Services, provides perspective on the equity market.
    4 days ago 18 Aug 14, 7:17am
  • Alaska frozen out of US oil renaissance
    As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.
    4 days ago 17 Aug 14, 11:00am
  • US conducts airstrikes in Iraq
    The U.S conducted airstrikes in Iraq against Islamic State fighters near the Kurdish capital of Irbil and the Mosul dam.
    5 days ago 17 Aug 14, 5:32am
  • If there's one oil chart you need to see, it's this one
    Legendary technical analyst Louise Yamada shows why the price of oil can fall further.
    6 days ago 15 Aug 14, 5:05pm
  • Crude vaults on Ukraine-Russia drama
    Crude jumped as reports of an armed conflict between Russia and Ukraine boosted its geopolitical premium.
    6 days ago 15 Aug 14, 2:58pm
  • It's a gas, gas, gas! PPI capped by fuel slide
    U.S. producer prices rise, but were capped by falling gasoline and energy costs.
    7 days ago 15 Aug 14, 8:31am
  • Russia: Should you invest as tensions ease?
    Recent events in and around Russia seem to have highlighted risks of investing in the country – yet the rouble and the MICEX have had a good week.
    7 days ago 15 Aug 14, 4:58am
  • 'Big move' in oil price: Analyst
    Peter Hutton, energy analyst at RBC, says Thursday's move in the oil price was "quite significant" and that future prices are now more expensive than present-day prices.
    7 days ago 15 Aug 14, 4:40am
  • Iraq: Al-Maliki steps down
    Michael Georgy, a bureau chief at Reuters, discusses Iraq's new prime minister, Haider al-Ibadi, and says that he may not have any more luck than his predecessor on the security front.
    7 days ago 15 Aug 14, 4:40am
  • Japan's energy debate rages on
    Kyle Cleveland, Associate Professor of Sociology at Temple University, says there's a widespread anti-nuclear sentiment in Japan and discusses how this will be a challenge for Prime Minister Abe.
    7 days ago 15 Aug 14, 12:15am
  • Washington focusing on MLPs
    Discussing Kinder Morgan's consolidation deal and the advantage of master limited partnerships, with Matthew Sallee, Tortoise Capital Advisors.
    7 days ago 14 Aug 14, 3:30pm
  • Lower oil boosts airlines
    Discussing the runway ahead for airlines and her favorite picks is Helane Becker, Cowen & Company airline analyst.
    7 days ago 14 Aug 14, 2:42pm
  • Oil hits the skids; Brent sinks to new lows
    Oil tumbled by 2 percent on Thursday, as dour U.S. and German economic data highlighted weak demand.
    7 days ago 14 Aug 14, 2:38pm
  • Some investors think oil's run is done
    Oil has spiked dramatically going all the way back to the Arab Spring. But the bull market may have run its course.
    7 days ago 14 Aug 14, 10:57am

Africa Business Magazine

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

Property - The Star

  • Crown bets on adhesives to raise revenues
    Crown Paints is betting on growth in furniture, automotive, construction and building sectors to drive up demand for adhesives. The Nairobi Securities Exchange-listed paint maker said the firm is targeting a compounded 10 per cent annual growth in r…
    2 days ago 19 Aug 14, 5:00pm
  • First-time Hong Kong homebuyers turn to high-end 'micro-flats'
    At a glitzy show stall for a new residential development in Hong Kong, property agents with loudspeakers are promoting the latest trend in the overcrowded city – high-end "micro-flats" which still come with an eye-watering price tag. Hong Kong's p…
    2 days ago 19 Aug 14, 5:00pm
  • Higher density to solve housing woes
    Kenya's housing market should adopt a high density approach and larger plot ratio to utilise land optimally, according to pan-African housing financier Shelter Afrique. The lender says this is among innovations that would help bridge the gap in supp…
    2 days ago 19 Aug 14, 5:00pm
  • Coast property market recovering as enquiries start rising
    Enquiries for properties at the Coast have started to trickle in faster as confidence returns to a market embattled by insecurity, according to a Mombasa-based real estate developer. Prices of properties in the region are estimated to have dipped by…
    2 days ago 19 Aug 14, 5:00pm
  • China to spend Sh88 billion on huge Caribbean resort
    Chinese investors are to plunge more than $1 billion (Sh88 billion) into developing Antigua and Barbuda's first mega-resort, creating 1,000 jobs for the tiny cash-strapped nation. Construction on the mammoth 1,600-acre multi-hotel, residential and c…
    2 days ago 19 Aug 14, 5:00pm
  • China issues draft property registration rules
    China on Friday published a draft of long-awaited property registration rules, a move expected to stabilise the real - estate market and help crack down on corruption. Real estate taxes based on a national registration system of property ownership a…
    2 days ago 19 Aug 14, 5:00pm
  • Draft planning law proposes prison, fines for Developers
    Landowners who undertake development – including sub-division or construction – without requisite permission from planning authorities will be fined or imprisoned, according to a new law in the making. The draft Physical Planning Bill 2014 stipu…
    2 days ago 19 Aug 14, 5:00pm
  • Insurers raise stakes in investment properties by more than a third
    Insurers paced up investments in property by last December, faster than the much they channelled into equities market. Data from the Insurance Regulatory Authority show that the sector's investment in properties rose by 37 per cent to Sh54.4 billion…
    9 days ago 12 Aug 14, 5:00pm
  • Five mistakes real estate agents make when listing properties
    With millions of new property listings appearing online every day, it is increasingly a struggle to make yours stand out in the crowd. However, by identifying common advertising mistakes and recognising what makes a strong, quick-to-sell listing, re…
    9 days ago 12 Aug 14, 5:00pm
  • An apartment for Sh24m? Kilimani has one
    The mantra in real estate is 'location, location, location'. It matters for both commercial and residential property owing to needs such as accessibility. Should this however be the only factor influencing the price? Well, it depends. It is nonethel…
    9 days ago 12 Aug 14, 5:00pm
  • Eastleigh landlords bear the brunt of insecurity
    Landlords in Nairobi's Eastleigh area have been pushed to undercut rents for residential houses owing to waning demand, moths after security agencies carried out 'Operation Usalama Watch' in April. Droves of existing tenants fled the area when the p…
    9 days ago 12 Aug 14, 5:00pm
  • NCA cracks down on rogue builders
    Construction industry regulator NCA has began a crackdown on builders without requisite approvals in Kiambu county in a bid to clean out the built sector. The National Construction Authority said the five-day operation in collaboration with the coun…
    9 days ago 12 Aug 14, 5:00pm
  • Fusion revises space prices up for Upper Hill office building
    Fusion Group and its joint venture partners have revised prices of space in a building under construction in Upper Hill’s Community area owing to “favourable market conditions”. The Nairobi-based hybrid business financing and private equity fi…
    9 days ago 12 Aug 14, 5:00pm
  • Nairobi slides in ranking as luxury market slows down
    Luxury property prices in Nairobi grew at a much slower rate than a year ago, as the country's security situation impacted on the top-end market in the year to June. The second quarter Prime Global Cities Index by Knight Frank, which tracks 32 key c…
    16 days ago 5 Aug 14, 5:00pm
  • Tenant-purchase the next frontier
    Owning homes could become much easier if developers and landlords adopted the tenant-purchase model in a larger scale, according to Shelter Afrique and the French Development Agency. The model allows tenants to eventually own the houses they rent, b…
    16 days ago 5 Aug 14, 5:00pm

CEO Magazine

  • BOU maintains CBR at 11 percent
    By Silvia Nyambura Bank of Uganda (BOU) has maintained the Central Bank Rate at 11 percent owing to a favorable macroeconomic environment. According to a statement read by the governor Emmanuel Mutebile in the week ending 15th August 2014, inflation…
    3 days ago 19 Aug 14, 6:00am
  • Tanzania based brokerage firm enters Uganda insurance market
    By Silvia Nyambura The Insurance sector in Uganda will soon witness competitive service provision. This follows the entry of Tanzania based Insurance brokerage firm African Risk Insurance Services (ARIS). The firm enters the market in a merger that s…
    3 days ago 18 Aug 14, 11:20am
  • Titus Naikuni is RVR’s new Chairman
    By Silvia Nyambura Regional carrier Rift Valley Railways (RVR) has appointed retiring Kenya Airways CEO Titus Naikuni as the new board chairman effective November 2014. This follows recent shareholder restructuring at the company. Naikuni joins the c…
    10 days ago 11 Aug 14, 9:46am
  • Uganda a promising market for high end spirits
    By Silvia Nyambura According to the Global Status on Alcohol and Health, Uganda has the highest per capita consumption of alcohol in the East African region at 23.7 liters. While this consumption is mostly of locally brewed and unregulated alcohol, t…
    12 days ago 9 Aug 14, 11:12am
  • MTN Uganda grows subscribers as Voice and SMS revenues decline.
    By Oliver Nabukeera Data services seem to be the telecom industry’s future as voice and SMS revenues continue to dwindle. This is attributed to aggressive competition by free messaging and voice platforms, regulatory pressures and weakening economi…
    12 days ago 9 Aug 14, 11:05am
  • Africa’s oil and gas sector attracts investors attention
    By Oliver Nabukeera While oil and gas production is fairly new in the East African region, there is clear excitement as some of the largest independent and international oil companies rush to invest. According to the President DHL Express Energy sect…
    16 days ago 6 Aug 14, 7:55am
  • Standard Chartered AREA partnership to grow mortgage products
    By Silvia Nyambura According to statistics from the Ministry of Lands, Housing and Urban Development, Uganda currently has a housing deficit of over 1.6 million units. The country is at the same time urbanizing at a rate of about 5.6 percent with a p…
    22 days ago 30 Jul 14, 9:51am
  • AON appoints Elly Karuhanga as first Ugandan Board Chairman
    By Silvia Nyambura Insurance brokerage firm AON Uganda has appointed city lawyer and business man Elly Karuhanga as its first ever Ugandan board chairman. With a wide range of experience from sectors such as banking, manufacturing, energy, technology…
    23 days ago 29 Jul 14, 10:27am
  • KIBO Foundation bringing ICT services closer to the youth
    By Oliver Nabukeera As the world is getting globalised, there is an imminent need to increase penetration of Information Communication Technology (ICT) services to the rural communities. In line with this KIBO Foundation under the support of American…
    24 days ago 29 Jul 14, 9:10am
  • CNOOC pledges continued free health services to Hoima Community.
    By Oliver Nabukeera As part of its corporate social responsibility (CSR) program the China National Offshore Oil Corporation (CNOOC) has once again offered free medical services to over 850 residents of Hoima. This was during a two-day event held at…
    24 days ago 29 Jul 14, 6:34am

Kenyan Shilling Exchange Rate


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