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CapitalFM Business

  • Electricity connectivity to hit 75pc in four years
    NAIROBI, Kenya, Dec 19 – At least eight out of 10 Kenyans across the country will be connected to electricity in the next four years through the ‘Last Mile Electricity Connectivity’ project. Energy and Petroleum Permanent Secretary Joseph Njoro…
    6 hours ago 19 Dec 14, 9:49am
  • Kestrel Capital licensed as investment bank
    NAIROBI, Kenya Dec 19 – The Capital Markets Authority (CMA) has granted a license to Kestrel Capital (East Africa) Limited, to operate as an investment bank under the Capital Markets Act and Regulations. Kestrel Capital Limited will offer advisory…
    8 hours ago 19 Dec 14, 7:42am
  • Sasini FY net profit dips 32pc drop to Sh85.4mn
    NAIROBI, Kenya Dec 19 – Sasini Limited has posted a 32 percent drop in net profit for the year ended September 30, 2014 to Sh85.4 million from Sh126.8 million recorded over the same period last year. The management attributed the decrease in profit…
    8 hours ago 19 Dec 14, 7:39am
  • Top 10 Highest Paid YouTube Stars (Infographic)
    You may say that these Youtube Stars are living the life. Laying around all day – just turning on their Macbook for a few minutes a day to make one video, adding some quick editing, some ‘subscribe’ buttons and voi·la! Millions of dollars roll…
    13 hours ago 19 Dec 14, 2:47am
  • Apple co-founder Wozniak skeptical on smartwatches, Google Glass
    Steve Wozniak says he is no fan of smartwatches and believes Google Glass will fail as he cautioned not to expect the company he co-founded, Apple, to always lead the way into new technologies. The American, who quit Apple in 1987 — 12 years after…
    13 hours ago 19 Dec 14, 2:41am
  • Airtel rewards customers ahead of the festive season
    NAIROBI, Kenya, Dec 19 – Bharti Airtel has rewarded 48 lucky customers with a total of Sh1.1mn in the first draw of the 90 days “Chemsha Bongo na Airtel” promotion that started on October 18, 2014. The promotion seeks to show appreciation to th…
    14 hours ago 19 Dec 14, 2:04am
  • Apple suppliers accused of poor treatment of workers
    SHANGHI, Dec 19- Workers in Chinese factories making Apple products are poorly treated, with exhausted employees falling asleep on their 12 hour shifts, British broadcaster the BBC found in an investigation broadcast. Reporters who took jobs undercov…
    16 hours ago 19 Dec 14, 12:15am
  • High Court blocks thin SIM technology roll-out
    NAIROBI, Kenya, Dec 18 – The High Court has suspended the decision of the Communications Authority of Kenya (CA) to allow a mobile operator to roll out the thin SIM technology. The High Court halted the move by CA to allow Finserve Africa Ltd, a su…
    1 day ago 18 Dec 14, 9:45am
  • Kandie: Tourism boards appointments by year-end
    NAIROBI, Kenya, Dec 18 – Tourism Cabinet Secretary Phyllis Kandie has pledged to have board members of all tourism parastatals appointed before the year ends. Kandie says the move which she termed as a ‘Christmas present’ for the sector, is in…
    1 day ago 18 Dec 14, 7:12am
  • Swiss central bank introduces negative interest rate
    Switzerland’s central bank on Thursday announced it was introducing negative interest rates, in a bid to stop the Swiss franc — a safe haven currency — from gaining further value. The Swiss National Bank is imposing an interest rate of -0.25 pe…
    1 day ago 18 Dec 14, 6:41am

N-Soko Property Show

N-Soko Property Show Episode 76N-Soko Property Show Episode 76 For more news visit Follow us on Twitter Like our FaceBook page http://w...
5 days ago 14 Dec 14, 10:28am
N-Soko Property Show Episode 75N-Soko Property Show Episode 75 For more news visit Follow us on Twitter Like our FaceBook page http://w...
12 days ago 7 Dec 14, 11:07am
N-Soko Property Show Episode 74N-Soko Property Show Episode 74. For more news visit Follow us on Twitter Like our FaceBook page http://...
19 days ago 30 Nov 14, 3:04pm
NTV's N-Soko show wins East Africa Property AwardNTV's Nsoko property show managed to scoop 2 awards at the inaugural East Africa Property Awards gala event held in Villa Rosa Kempinski Hotel in Nairobi. Th...
22 days ago 27 Nov 14, 6:49am
N-Soko Property Show Episode 73N-Soko Property Show Episode 73 For more news visit Follow us on Twitter Like our FaceBook page http://w...
26 days ago 23 Nov 14, 1:34pm
The N-Soko Property Show Episode 72The N-Soko Property Show Episode 72 For more news visit Follow us on Twitter Like our FaceBook page http...
33 days ago 16 Nov 14, 11:00am

Daily Nation Business

The EastAfricanBusiness

Business Today

  • NSE gets greenlight to create derivatives exchange
    NoNoNoYesNoThe Nairobi Securities Exchange has received a provisional licence for the establishment and operation of a derivatives exchange from the Capital Markets Authority. The bourse has also received approval of the NSE Derivatives Exc…
    6 hours ago 19 Dec 14, 9:43am
  • Printing firm Ramco sells 30% stake for Ksh45b
    NoNoNoYesNoAfrican Private Investment fund Amethis Finance has acquired a 30% stake of Ramco Plexus, one of Kenya’s biggest family businesses with interests in the printing and packaging industry.The acquisition now means Amethis Finance wi…
    7 hours ago 19 Dec 14, 9:02am
  • President signs controversial security bill
    NoNoNoYesNoPresident Uhuru Kenyatta has appended his signature to the Security Bill 2014, defending it as the main solution to insecurity in the country.The Bill, which has drawn controversy from Kenyans especially those in opposition, was s…
    7 hours ago 19 Dec 14, 8:58am
  • High Court blocks thin SIM roll-out
    NoNoNoNoNoThe High Court suspended the decision by Communication Authority of Kenya (CA) to allow Finserve Africa Ltd, a subsidiary of Equity Bank to roll-out the thin SIM technology after a successful application by Kituo Cha Sheria.Judge Ge…
    7 hours ago 19 Dec 14, 8:33am
  • Abu Dhabi's Etihad gets A380, complete with suite
    By: NoNoNoNoYesAbu Dhabi's national carrier, Etihad, has unveiled its first Airbus A380, outfitted with "the only three-room suite in the sky."The A380 which will operate daily to London Heathrow starting December 27 is the first of a fle…
    8 hours ago 19 Dec 14, 7:54am
  • Airtel rewards first batch of lucky customers
    NoYesNoNoNoJoseph Musyoki and Joyce Nebere are among the lucky winners to get rewarded for participating in Chemsha Bongo na Airtel, a general knowledge quiz game service that gives Airtel customers the opportunity to test their general knowl…
    8 hours ago 19 Dec 14, 7:27am
  • Kestrel Capital gets investment banking licence
    NoNoNoYesNoThere is a new investment bank in town after the Capital Markets Authority (CMA) granted a license to Kestrel Capital (East Africa) Limited.Kestrel, previously a stock brokerage firm becomes the 14th investment bank in the count…
    10 hours ago 19 Dec 14, 6:19am
  • Retired teacher is best female farmer
    NoNoNoYesNo Farmers undergoing training on new farming methods“Gone are the days when farming was a preserve for the illiterate in the society,” says Margaret Amimo, the 2013 winner of the Women in Agriculture Farmer’s Award.Marg…
    13 hours ago 19 Dec 14, 2:47am
  • Win-win as 130,000 devices bought in Safaricom-Samsung push
    NoYesNoNoNoThe Samsung-Safaricom Ultimate Upgrade campaign has recorded sales of over 130,000 smart devices.The two-month campaign ended today after the two firms teamed up to drive smart devices penetration in the Kenyan market.Sections…
    1 day ago 18 Dec 14, 9:39am
  • Siemon crowned most Promising Cisco Solutions Provider
    By: NoNoNoNoYesSiemon, a leading global network infrastructure specialist, has been named one of the ‘20 Most Promising Cisco Solutions Providers for 2014’. The selection was made by a distinguished panel of CEOs, CIOs, CTOs, and analys…
    1 day ago 18 Dec 14, 6:15am

The Star

  • Oil services firm bets on Kenya exploration resilience
    Atlas Development & Support Services, which has listed at the NSE, says Kenya could record a spike in onshore oil exploration as firms shift strategies amid falling global prices. Chief executive Carl Esprey told the Star that falling oil prices cou…
    15 hours ago 19 Dec 14, 1:00am
  • Kenya sees coffee output rising 22 pct in next two crop years
    Kenya's coffee output will rise 22 per cent to about 60,000 tonnes in the next two crop years (October-September), thanks to new varieties and increasing area under cultivation, a senior government official said yesterday. Sicily Kariuki, principal…
    15 hours ago 19 Dec 14, 1:00am
  • Kenya Airways swims against tide with a 5% drop
    Global markets have been contaminated of late with Petro-Economies like Russia coming under extreme pressure. Naturally this spilled over into the big SSA Petro-Economies like Nigeria where the naira is at an all time low and the Central Bank is run…
    15 hours ago 19 Dec 14, 1:00am
  • Cement makers start to reap from SGR project
    CEMENT firms Athi River Mining and Bamburi are among the first local beneficiaries of lucrative contracts derived from the construction of the Sh327 billion Standard Gauge Railway project. The project is being constructed by China Road and Bridge Co…
    15 hours ago 19 Dec 14, 1:00am
  • Last minute bookings raise bed occupancy for Mombasa hotels
    HOTELS at the Coast have recorded an increase in bookings as the domestic market pushed up the bed occupancy for the festive season to more than 80 per cent. Industry players expect occupancy for most beach hotels, cottages, villas, budget hotels, a…
    15 hours ago 19 Dec 14, 1:00am
  • CMA crafts new rules for takeover of listed firms
    FUTURE takeovers of listed companies will be subjected stringent regulations and time frames if a draft policy framework by the Capital Markets Authority is approved. The draft currently before the regulator's board, sets out procedures for both vol…
    2 days ago 18 Dec 14, 2:00am
  • World Bank lends Kenya Sh18bn for dam construction
    The International Development Association, World Bank’s fund for poor countries, will lend the Kenya government $200 million (Sh18.12 billion) for the construction of a dam in Kwale county. Construction of Mwache Dam is intended to boost sustainab…
    2 days ago 18 Dec 14, 2:00am
  • No break at Mombasa Port- Ndua
    KENYA Ports Authority has called on port users to clear goods during the festive season to avoid delays that will attract penalties. The authority yesterday said cargo consignments should be cleared to also avoid congestion and pile up after the hol…
    2 days ago 18 Dec 14, 2:00am
  • Fifty kilo bag rules on food to protect workers
    THE law limiting packaging of food products to a maximum 50-kilo bag was not only made to benefit farmers but porters too in line with global labour regulations, the government has said. Agriculture Fisheries and Food Authority said yesterday that t…
    2 days ago 18 Dec 14, 2:00am
  • Car importers anxious ahead of December 31 deadline
    IMPORTERS of used motor vehicles are crossing their fingers hoping that units manufactured in 2007 and are still in high seas land in Mombasa before the December 31 deadline. The vehicles risk being shipped back at the importers expense unless they…
    2 days ago 18 Dec 14, 2:00am
  • Liquid Telecom connects 39 counties with fibre optic network
    Liquid Telecom has spent $200 million (Sh18.11 billion) to lay 4,200 kilometres of fibre optic network which it says will increase internet access in counties. It said it has so far connected 39 counties to the internet, a move it said will help hel…
    2 days ago 18 Dec 14, 12:00am
  • Lipa na M-Pesa awards winners
    Safaricom has rewarded two winners with a home each in the first round of the 'Lipa na M-pesa Shinda A Home' competition. Daniel Makau of Donholm, Nairobi won a fully furnished house worth Sh14 million. The 50-year old businessman currently lives in…
    2 days ago 17 Dec 14, 4:00pm
  • Decongesting The City Remains a Key Expectation Of Residents And Prospective Investors
    Easing traffic congestion in the city remains one of the main deliverables that Nairobi residents and investors expect from the County government. Nairobians spend an average of two hours everyday commuting, be it to work or school. The cost of this…
    2 days ago 17 Dec 14, 4:00pm
  • Chinese investors prone to illegal capital flight
    ONE of Kenya's major business partners, China, is the main culprit globally in illicit financial outflows which according to a global survey facilitate crime, corruption and tax evasion. Developing and emerging economies, according to a report by Gl…
    3 days ago 17 Dec 14, 1:00am
  • Kenyans not keen on capital markets
    MAJORITY of Kenyans are losing out on double-digit returns in the capital markets due to structural and informational challenges, a leading fund manager said yesterday. Pan Africa Asset Management that manages in excess of Sh12 billion in wealth sai…
    3 days ago 17 Dec 14, 1:00am

  • Africa: Africa's Economy Set for Dramatic Changes - Carlos Lopes
    [Africa Renewal]Following the launch of the 2014 Economic Report on Africa in Abuja, Nigeria, Mr. Carlos Lopes, the executive secretary of the Economic Commission for Africa, attended the New York launch of the same report. The report addresses two e…
    7 hours ago 19 Dec 14, 8:50am
  • Africa: World Wood Production Up for Fourth Year - Paper Stagnant As Electronic Publishing Grows - UN Report
    [UN News]Continuing steady growth in 2013 for the fourth consecutive year, global wood production has fully recovered from the economic downturn of 2008-2009, though production of pulp and paper stagnated largely due to a decline in consumption in Ch…
    7 hours ago 19 Dec 14, 8:47am
  • Kenya: Blogger Robert Alai's Twitter Account Suspended After Charges for Undermining Authority
    [The Star]Controversial blogger Robert Alai Onyango's Twitter account was suspended after he was charged with undermining the authority of a public officer on Wednesday.
    7 hours ago 19 Dec 14, 8:37am
  • Zimbabwe: Govt Says No to Price Controls
    [New Zimbabwe]GOVERNMENT will not be dictating the pricing of goods and services following the introduction of bonded coins, Industry and Commerce Minister Mike Bimha said Thursday.
    8 hours ago 19 Dec 14, 8:19am
  • Nigeria: Nigeria's Oil Workers Suspend Strike
    [This Day]After a protracted meeting with government officials which lasted for 13 hours, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigerian Union of Petroleum and Natural Gas workers (NUPENG) suspended th…
    9 hours ago 19 Dec 14, 6:55am
  • Liberia: U.S.$22 Million 'Oil Block 16' Leased
    [Observer]The lease of Block LB-16, off the shores of Grand Cape Mount and Bomi Counties, has been ratified by members of the House of Representatives and immediately transmitted to the Liberian Senate for concurrence in accordance with Article 35 of…
    10 hours ago 19 Dec 14, 5:51am
  • Liberia: Despite Ebola, Some Serious Progress Proceeds
    [Observer]The signing last Wednesday of the US$37.28 million Ganta-Yekepa Pavement Agreement is a tacit indication that despite the havoc Ebola has inflicted on the country, we are making some serious progress.
    10 hours ago 19 Dec 14, 5:50am
  • Liberia: Mass Citizen Movement for Cheap, Stable Electricity in Sight
    [Observer]The National Legislature may enter the New Year (2015) under strong pressure from some Liberians who have begun serious mobilization to converge there in February to compel Legislators to pass a new energy law, denouncing the Liberia Electr…
    10 hours ago 19 Dec 14, 5:50am
  • Liberia: NOCAL Gives Update On Oil Bid
    [Observer]The National Oil Company of Liberia (NOCAL) has provided clarification on the current bidding process for the four oil blocks, including blocks LB-17, LB-7, LB-6 and LB-16.
    10 hours ago 19 Dec 14, 5:49am
  • Liberia: Liberia's National Legislature Ratifies Oil Block 16
    [FrontPageAfrica]Monrovia -The National Legislature has finally ratified the production sharing contract between the Republic of Liberia and the Liberty Petroleum Corporation, Petroleum Oil Limited and the New Millennium Oil and Gas on Liberia's offs…
    10 hours ago 19 Dec 14, 5:28am
  • Liberia: World Bank Group Supports Budget Management Fiscal Transparency
    [FrontPageAfrica]Washington -The World Bank Group's Board of Executive Directors today approved a US$30 million grant to support the Government of Sierra Leone in its efforts to respond to the unprecedented challenges posed by the Ebola crisis. Today…
    11 hours ago 19 Dec 14, 5:18am
  • North Africa: Meeting of Arab Telecommunications Ministers Council
    [Algerie Presse Service]Cairo -The Arab Telecommunication Ministers Council held Thursday in Cairo its 18th session with on the agenda several points relating to the revival of the joint Arab action in the field of information and communication techn…
    11 hours ago 19 Dec 14, 5:14am
  • Kenya: Mandera Roadworks On Despite Attacks
    [The Star]FIFTEEN roads commissioned in the first year of devolution in Mandera county are complete, despite security problems.
    11 hours ago 19 Dec 14, 4:40am
  • Kenya: Ivory Trade Has Now Moved Online, Warns Report
    [The Star]EVEN as rangers painstakingly patrol game parks to secure wildlife, a murky multi-million dollar trade in wild animals and their parts is booming online.
    12 hours ago 19 Dec 14, 3:58am
  • Zimbabwe: A Sense of Déjà Vu
    [Financial Gazette]THERE is an air of melancholy pervading despondent Zimbabweans, and this is not without reason. The country went through its worst economic meltdown in history, characterised by runaway inflation, commodity shortages and much more.…
    14 hours ago 19 Dec 14, 2:15am
  • Zimbabwe: Is Christmas Postponed?
    [Financial Gazette]A SOMBRE economic atmosphere has made Zimbabwe a subdued nation. There is no celebratory mood to embrace the coming of Christmas. December used to be characterised by public gatherings and public entertainment. "Bonus" was a buzzwo…
    14 hours ago 19 Dec 14, 1:45am
  • Kenya: Death Toll in Nairobi Building Collapse Rises
    [Capital FM]Nairobi -The death toll in the Makongeni building collapse has risen to seven after one of those admitted to the Kenyatta National Hospital succumbed to his injuries.
    17 hours ago 18 Dec 14, 11:09pm
  • Kenya: High Court Blocks Thin SIM Technology Roll-Out
    [Capital FM]Nairobi -The High Court has suspended the decision of the Communications Authority of Kenya (CA) to allow a mobile operator to roll out the thin SIM technology.
    17 hours ago 18 Dec 14, 11:08pm
  • Uganda: Renewed Hope for Textile Sector
    [Observer]A new textile factory worth approximately $40m was on Wednesday launched in Kampala. However, instead of celebration, Fine Spinners are likely to be greeted with measured optimism at best and cynicism at worst.
    17 hours ago 18 Dec 14, 10:59pm
  • Africa: Is Africa Rising? Thoughts From a 'World View' Economist
    [allAfrica]Is Africa really rising? What does the continent's booming economic growth mean for its people, and will it lead to inclusive, sustainable development? How can Africa unlock its development potential and bring prosperity to all? And what l…
    24 hours ago 18 Dec 14, 4:16pm

How We Made it in Africa

CNBC Africa

  • Oil up on pre-holiday short-covering
    U.S. crude futures rallied more than $2 a barrel on Friday.
    1 hour ago 19 Dec 14, 2:36pm
  • EPA announces first coal ash rules
    The EPA announced on Friday the first national regulations for the safe disposal of coal ash from power plants.
    1 hour ago 19 Dec 14, 2:30pm
  • These firms OK with $55 oil: Pro
    Oil producers with core acreage in good basins can deal with $55 crude prices, said Mike Kelly.
    1 hour ago 19 Dec 14, 2:26pm
  • Did Russia change the market game?
    Some big news this week, including Russia and North Korea. Did any change the game for the market? NYSE floor trader Kenny Polcari weighs in.
    2 hours ago 19 Dec 14, 2:03pm
  • Chart: 20 years of oil rig counts
    Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.
    3 hours ago 19 Dec 14, 1:18pm
  • Pisani: Energy short-covering, banks lag
    CNBC's Bob Pisani reports on encouraging buying in energy, and why banks are the problem.
    3 hours ago 19 Dec 14, 1:15pm
  • Booming biz for gas station stocks
    As oil prices hold at lows, gas station stocks may be the best way to play the energy sector right now, analysts said.
    4 hours ago 19 Dec 14, 12:19pm
  • Alternative investing in 2015
    Colbert Narcisse, Morgan Stanley Wealth Management, explains why he is watching for opportunities in private markets, and the importance of recalibrating asset allocations.
    4 hours ago 19 Dec 14, 12:16pm
  • Oil exposes 'debt's weaknesses': Pro
    Oaktree Capital's Marks thinks that the drop in oil prices could finally expose low lending standards.
    4 hours ago 19 Dec 14, 11:36am
  • Turn off Cuomo’s gas: Hofmeister
    Former Shell Oil President John Hofmeister lashes out at Gov. Andrew Cuomo on his decision to ban fracking in New York state.
    7 hours ago 19 Dec 14, 8:52am
  • Supply chain issues hurt Winnebago
    Winnebago reported a lower-than-expected profit as a worker shortage in Iowa and trouble sourcing key components from suppliers stymied production.
    8 hours ago 19 Dec 14, 7:24am
  • Sony hack attack a practice run?
    The hacking attack on Sony may have been a practice run for North Korea's elite cyberarmy to try to cripple telecoms and energy grids.
    9 hours ago 19 Dec 14, 7:08am
  • Tracking volatility in oil markets.
    Juerg Kiener, MD and CIO at Swiss Asia Capital, explains when there could be a supply response to the ongoing slump in oil prices.
    15 hours ago 19 Dec 14, 12:37am
  • Depleted oil field highlights China corruption
    China oil major CNPC is probing a 2013 deal as part of a corruption crackdown, taking down one of Premier Xi's political rivals.
    19 hours ago 18 Dec 14, 8:57pm
  • Will oil's rout lead to cuts in exploration budgets?
    As the turmoil in oil prices persists, CNBC's Sri Jegarajah asks a panel of guests how that might impact exploration budgets.
    21 hours ago 18 Dec 14, 6:48pm
  • Where we see opportunity: Schwarzman
    Low oil prices have created opportunity, Blackstone's Steve Schwarzman said. Here's what else he sees as a good investment.
    23 hours ago 18 Dec 14, 5:16pm
  • Oil plunges as market seeks bottom
    Crude oil futures fell sharply, signaling traders that the selling is not over.
    24 hours ago 18 Dec 14, 4:22pm
  • Commodities tomorrow: Gas less than $2.50
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, but the market was up. Way up. Traders are looking for oil to dip into the $40s soon.
    24 hours ago 18 Dec 14, 4:00pm
  • Unique opportunity in energy: Schwarzman
    Stephen Schwarzman, Blackstone Chairman and CEO, explains why his firm sees opportunities in energy.
    1 day ago 18 Dec 14, 3:14pm
  • Oil futures negative after morning surge
    Global crude prices fell again on Thursday as traders placed new bets that the market would resume a six-month rout.
    1 day ago 18 Dec 14, 2:36pm
  • Tesla top 2015 Wall Street pick
    Elon Musk has lost over $1 billion on his Tesla holdings recently, but he may soon be happier, if analysts are right.
    1 day ago 18 Dec 14, 1:44pm
  • Oil not going up soon: IEA director
    The oil market will eventually respond to low prices, but demand remains muted, said Maria van der Hoeven.
    1 day ago 18 Dec 14, 12:38pm
  • Traders eye energy
    CNBC's Dominic Chu reports which beaten down energy stocks investors are getting in.
    1 day ago 18 Dec 14, 12:15pm
  • The one person who can bail out Putin
    Resolving the Russia-Ukraine dispute is critical. Here's the one person who can do that, says Jason Bordoff and Carlos Pascual.
    1 day ago 18 Dec 14, 11:48am
  • Putin speech sparks more ruble volatility
    Russian President Vladimir Putin blamed "external factors" for its economic crisis Thursday, but failed to reassure investors.
    1 day ago 18 Dec 14, 11:45am
  • IEA: Oil volatility not new, market will respond
    Discussing the state of the oil market and when prices will rise, with Maria Van Der Hoeven, IEA executive director.
    1 day ago 18 Dec 14, 11:30am
  • Market aligning for snapback rally: Pro
    Discussing if lower energy prices are bad for stocks and the U.S. economy, with Art Hogan, Wunderlich Securities.
    1 day ago 18 Dec 14, 11:20am
  • Naimi: oil price dip only temporary
    The Saudi oil minister said oil's price slide is only temporary, and cutting output required more support from non-OPEC states.
    1 day ago 18 Dec 14, 10:19am
  • Fed hike plan not rocket science: Liesman
    Discussing how the market rally could change the Fed's outlook on interest rates, with Bill Stone, PNC Asset Management Group, and CNBC's Steve Liesman.
    1 day ago 18 Dec 14, 10:03am
  • National gas average under $2.50
    Oil has climbed higher in the U.S. and abroad, but remains under pressure, reports CNBC's Jackie DeAngelis.
    1 day ago 18 Dec 14, 9:50am
  • Summers on oil-stock drop link
    Larry Summers tells CNBC he's been taken aback by the perceived connection between oil price weakness and stock drops.
    1 day ago 18 Dec 14, 7:48am
  • Oil prices good for emerging markets
    Geoff Dennis, head of GEM equity strategy at UBS, says low oil prices are good for growth in most emerging markets.
    1 day ago 18 Dec 14, 5:50am
  • Chevron drops Canada drilling plan
    Chevron has put a plan to drill for oil in the Canadian Arctic on hold because of "economic uncertainty" caused by oil's fall.
    2 days ago 17 Dec 14, 7:25pm
  • Commodities tomorrow: Gas price $2.51
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude actually ended slightly higher on the day. There was a little bit of buying going into the Fed meeting, traders said.
    2 days ago 17 Dec 14, 4:00pm
  • Analysts don't see 'bottom' in crude
    Oil stocks bounced, in their best day in three years.
    2 days ago 17 Dec 14, 3:00pm
  • Oil gains after EIA data; Brent near $61
    Brent crude oil traded near $62 a barrel on Wednesday as U.S. data showed falling crude inventories.
    2 days ago 17 Dec 14, 2:34pm
  • What bothers me in Fed statement
    Here's what bothers Ron Insana about the Fed's statement — its last of 2014.
    2 days ago 17 Dec 14, 2:13pm
  • NY will move to prohibit fracking
    NY will move to prohibit fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.
    2 days ago 17 Dec 14, 1:16pm
  • New York State bans fracking
    New York will officially ban fracking in 2015, reports CNBC's Brian Sullivan.
    2 days ago 17 Dec 14, 12:49pm
  • Cooperman: Adding to Atlas Energy, not SandRidge
    Omega Advisors CEO Leon Cooperman, provides insight to his firm's holdings in the energy sector.
    2 days ago 17 Dec 14, 12:45pm
  • Cooperman: Energy price decline positive
    Discussing lower energy prices, and how investors should view the decline, with Omega Advisors CEO Leon Cooperman.
    2 days ago 17 Dec 14, 12:39pm
  • Joy Global revenue falls
    Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.
    2 days ago 17 Dec 14, 12:35pm
  • Oil could hit $30 a barrel: Emirates CEO
    The airline industry will reap the benefits of lower oil prices, which could fall to as low as $30 a barrel, according to Emirates Airline's CEO.
    2 days ago 17 Dec 14, 12:15pm
  • US military not getting cheap gas
    The military pays far more than civilians because of operations and safety and transport.
    2 days ago 17 Dec 14, 11:01am
  • Fed is the 'big elephant': Paulsen
    Forget oil and Russia, the real story is the Fed, market watcher James Paulsen tells CNBC.
    2 days ago 17 Dec 14, 8:34am
  • 'Russia is on its knees': Altman
    Capital markets are the superpower in today's world, and they have Russia on its knees, Evercore Partners founder Roger Altman said.
    2 days ago 17 Dec 14, 8:05am
  • Will Fed ditch 'considerable time?'
    "Considerable time" may be on its way out. But the Fed needs to be careful not to send signals to the market it will take back later.
    3 days ago 16 Dec 14, 4:55pm
  • Commodities tomorrow: Gasoline drops again
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for crude, which closed up 2 cents on the day.
    3 days ago 16 Dec 14, 4:00pm
  • U.S. oil trade choppy after midday rally
    U.S. oil prices rallied at midday on Tuesday on a mix of profit-taking and positioning ahead of WTI options expiry.
    3 days ago 16 Dec 14, 2:35pm
  • Gas prices wallop Elon
    Elon Musk's investments in electric cars and alternative energy is taking a beating due to tumbling gas prices.
    3 days ago 16 Dec 14, 12:37pm

Africa Business Magazine

  • IMF – Burundi
    A mission from the International Monetary Fund (IMF), led by Mr. Jaroslaw Wieczorek, visited Bujumbura from during December 4–17, 2014 to conduct discussions for the sixth review of the government’s economic and financial program supported by the…
    22 hours ago 18 Dec 14, 5:30pm
  • Africa’s E-commerce Map: Top 7 Countries with Booming Internet Business
    Lagos, Nigeria, 17th December, E-commerce is at the epicenter of Africa’s thriving economy. With internet penetration rapidly spreading across the region, this represents huge potential which has hitherto been untapped. Africa Internet Group, one…
    22 hours ago 18 Dec 14, 5:24pm
  • Orange and USAID join forces to boost mHealth innovations across Africa
    about U.S. Agency for International Development (USAID) The U.S. Agency for International Development is leading the US government’s efforts to end extreme poverty and promote resilient, democratic societies.  For more information about USAID an…
    3 days ago 16 Dec 14, 5:15pm
  • South Africa: Western Cape’s oldest farm gets greener with solar
    The combination of innovative thinking, cost saving and quality focus at one of the Western Cape’s oldest farms is setting it apart in South Africa today as one of the country’s first green – powered fruit farms.   Energyworx, one of the large…
    3 days ago 16 Dec 14, 5:09pm
  • New Study: Crime, Corruption, Tax Evasion Drained a Record US$991.2bn in Illicit Financial Flows from Developing Economies in 2012
    Illicit Flows from Developing & Emerging Countries Growing at 9.4% per Year US$6.6 Trillion Stolen from Developing World from 2003-2012; Trade Misinvoicing Responsible for 77.8% of Illicit Outflows China, Russia, Mexico, India, Malaysia—in Declinin…
    3 days ago 16 Dec 14, 5:02pm
  • IMF Executive Board Completes Eight PSI Review for Senegal and Concludes 2014 Article IV Consultation
    The Executive Board of the International Monetary Fund (IMF) today completed the eighth review of Senegal’s economic performance under the program supported by the Policy Support Instrument (PSI) and also concluded the 2014 Article IV consultation1…
    3 days ago 16 Dec 14, 4:54pm
  • Une étude révèle une hausse des échanges du CCG avec l’Afrique
    Selon un rapport publié par l’Economist Intelligence Unit (EIU) en collaboration avec Falcon and Associates (, les pays du Conseil de coopération du Golfe (CCG) portent davantage leur attention sur de nouveaux ma…
    3 days ago 16 Dec 14, 4:50pm
  • Research reveals GCC trade with Africa on the rise
    Gulf Co-operation Council (GCC) countries are placing more attention on new markets in east, west and southern Africa as their trade flows with the continent expand, according to a report released by the Economist Intelligence Unit (EIU) in conjuncti…
    3 days ago 16 Dec 14, 4:48pm
  • Ivory Coast resuming diamond trade thanks to Belgium
    BRUSSELS, Kingdom of Belgium, December 16, 2014/African Press Organization (APO)/ — In 2003, the UN imposed sanctions on Ivory Coast, forbidding the country to trade diamonds. Now that political calm has returned, Belgium’s FPS Foreign Affairs an…
    3 days ago 16 Dec 14, 4:39pm
  • Innovate Africa: Community Active (Video)
    This week’s episode of Innovate Africa showcases the world’s first recycled 3d printer, built in Togo, as well as Ghana’s MPedigree, which enables consumers to verify the safety of medicines by mobile phone; Nigeria’s Wecyclers, who are tackl…
    3 days ago 16 Dec 14, 4:20pm

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

  • EDITORIAL: Dark day in law-making
    The chaos that characterised Thursday’s passing of the Security Laws (Amendment) Bill in Parliament were no doubt unparalleled in the history of Kenya’s experiment with democracy.
    1 day ago 18 Dec 14, 10:40am
  • EDITORIAL: Kidero must forestall future collapse of city buildings
    County executives in charge of inspection and approval of new buildings are likely to go on rent seeking from the people they are supposed to be policing, until another disaster unites the country in national grief.
    1 day ago 18 Dec 14, 10:40am
  • Blanket NGOs crackdown not the answer
    Sooner or later, the Kenyan economy will start feeling the negative consequences of the government crackdown on the Non-Governmental Organisations(NGOs) sector.
    1 day ago 18 Dec 14, 9:32am
  • Bank stocks not out of the woods after a rough year
    Going into 2015, there are no signs banks will be out of the woods, especially on issues to do with additional capital buffers and it will be incumbent upon investors to put into serious consideration regulatory upheavals when looking at bank stocks.
    1 day ago 18 Dec 14, 9:25am
  • Lessons top football legend Thierry Henry offers firms
    Early this week, the 37-year-old announced his retirement from playing football to take the stage in full time punditry as he joined the Sky Sports team.
    1 day ago 18 Dec 14, 9:14am
  • Rural to urban brain drain hurting growth
    At a recent University of Nairobi graduation ceremony, former vice chancellor, Prof George Magoha lamented about the lack of doctors in Siaya yet it is home to doctors and professors.
    2 days ago 17 Dec 14, 10:36am
  • EDITORIAL: Don’t rush marriage rule
    The decision by employers to demand fresh proof of marriage is bound to elicit howls of protest from workers who feel ambushed by the directive.
    2 days ago 17 Dec 14, 10:28am
  • EDITORIAL: NGOs must comply with law but let’s be fair
    Even before the Public Benefits Organisations Bill passes into law, the Government appears determined to crack down on the civil society.
    2 days ago 17 Dec 14, 10:28am
  • Why hot start-ups ditch original business ideas for Plan B after launch
    I’ve been reading Getting to Plan B, a fascinating book which points out that had the founders of Google, PayPal or Starbucks stuck to their original business plans we probably would have never heard of them.
    2 days ago 17 Dec 14, 10:17am
  • Development strategy as cost-cutting tool
    Security concerns notwithstanding, the underlying principles of the government’s development strategies of reducing production costs form a strong launching pad for our economic takeoff and its sustainability.
    3 days ago 16 Dec 14, 10:25am
  • EDITORIAL: Clarify SRC’s mandate
    Whichever way one looks at it, the finding by the court that the Salaries and Remuneration Commission has no role in setting the salaries of State corporation employees brought out a number of pertinent issues.
    3 days ago 16 Dec 14, 10:22am
  • EDITORIAL: Ensure rural housing plan is not abused by crooks
    Past housing schemes by NHC have been dogged by controversy because well-placed individuals connived to grab property meant to assist the needy masses.
    3 days ago 16 Dec 14, 10:22am
  • Restructuring eases KenolKobil cash flow crunch
    In this environment of declining international oil prices, having exposure to oil marketing firms seem to be a good idea.
    3 days ago 16 Dec 14, 10:11am
  • Local content laws needed to support industrial growth
    There are already several efforts, albeit disjointed, aiming at increasing local content and manufacturing. What we now need is one set of uniform national policies and laws that correctly and emphatically guide local manufacturing.
    3 days ago 16 Dec 14, 10:09am
  • Kenya’s paper tax has political underpinnings
    A punitive tariff on duty on imported paper and intrigues in sugar milling sector not done for greater good of the economy.
    3 days ago 16 Dec 14, 9:49am
  • Extractive sector can learn from EAC dialogue
    While there is now acceptance for the involvement of various stakeholders in any governance process, the challenge still remains with translating this into practice.
    4 days ago 15 Dec 14, 10:30am
  • EDITORIAL: Coffee rules long overdue
    On the face it, the decision by the Nairobi Coffee Exchange (NCE) to pay farmers Sh20 million this week for samples submitted for auction over the past 12 months seems like an early Christmas gift.
    4 days ago 15 Dec 14, 10:26am
  • ERC, oil firms should stop taking Kenyans for granted
    For the fourth month in a row, the Energy Regulatory Commission (ERC) once again cut petroleum prices on Sunday in line with plummeting global crude prices.
    4 days ago 15 Dec 14, 10:25am
  • Thinking outside the Jamhuri Day box
    Local economies benefit from all the custom they receive from the hundreds of people who would need hotel rooms, food and other services. National unity receives a big boost, as everyone feels part of the nation.
    4 days ago 15 Dec 14, 10:08am
  • Why succession planning is key for private firms
    According to PwC’s first survey of private companies in Kenya, most business owners are confident of their company’s growth prospects.
    5 days ago 14 Dec 14, 7:28am
  • EDITORIAL: Expansion plan welcome
    Reports that the commodities fund plans to expand its lending base by opening more branches across the country is a welcome move.
    5 days ago 14 Dec 14, 7:26am
  • EDITORIAL: Heed caution on being complacent about Ebola
    Despite spirited efforts by the international community to contain the Ebola outbreak in parts of West Africa, the deadly disease continues to wreak havoc, albeit at a slower pace than before.
    5 days ago 14 Dec 14, 7:26am
  • Why building new roads, rails is like hitting in the dark
    There appears to be an assumption that publicly funded infrastructure investment will spur socio-economic development in Kenya.
    5 days ago 14 Dec 14, 7:21am
  • What Kenya must do to feed its urbanites
    Kenya’s population has steadily grown in the past four decades resulting in a rapid migration that is quickly filling up the towns. At the moment, an estimated 30 per cent of Kenyans live in urban areas.
    5 days ago 14 Dec 14, 7:08am
  • Nurture strong business associations
    I am a big fan of business associations like the Kenya Association of Manufacturers (KAM) because I believe that advocacy by strong private sector lobbies is what has made it possible for us to build a strong and functioning market economy in this co…
    8 days ago 11 Dec 14, 10:31am

Property - The Star

  • Investment conference set for April
    The second East Africa Property Investments Summit has been slated for April 15-16 in Nairobi, according to its South African organiser. The 2015 EAPIS conference is aimed at bringing together about 250 delegates – including investors and real est…
    3 days ago 17 Dec 14, 1:00am
  • Start-up doubles paint production at Coast factory
    Coast-based paint manufacturer Rangi Africa has doubled up its daily production capacity to 5,000 litres as demand for the finishing product rises among homeowners. Zaheer Charania, 30, the firm's director, said construction of residential houses in…
    3 days ago 17 Dec 14, 1:00am
  • Slums worry property developers in Eldoret
    Fast growth of informal settlements around Eldoret town is causing worry for property developers who fear this could devalue real estate in the long term. The town has recorded a mushrooming of several slums in the recent past, and investors are now…
    3 days ago 17 Dec 14, 1:00am
  • Sh640m property in Nairobi's Karen placed in the market
    A property in Nairobi’s upmarket Karen suburb has been placed on sale at an asking price of Sh640 million, signalling a bullish sell-side at a time the high-end market is seen cooling. The property sits on 10.4 acres on Miotoni Road near the Karen…
    3 days ago 17 Dec 14, 1:00am
  • Tips on how to keep your home safe while on holiday
    Most Kenyans residing in urban areas will be visiting upcountry during this festive season for Christmas and New Year celebrations. If statistics are anything to go by, it has been noted that burglary cases rise significantly in the month of Decembe…
    3 days ago 17 Dec 14, 1:00am
  • KRA plans to shift rent tax burden to tenants
    The taxman has announced a sensational policy on rental income it plans to propose to the National Treasury, hoping to shift responsibility of rental tax compliance from landlords to tenants. The Kenya Revenue Authority now wants to make it the duty…
    3 days ago 17 Dec 14, 1:00am
  • Construction up in kitale as sector thrives
    A Kitale based housing cooperative society has completed the construction of a building at a cost of Sh75 million. Club 100 Co-operative Society said the building will be let to generate rent income for the union. The development is located near the…
    10 days ago 10 Dec 14, 2:00am
  • Shopping malls in vogue as developers target Eldoret
    Real estate investors in Eldoret have shifted focus towards commercial and retail space to tap demand from lifestyle-driven businesses that serve a growing class with disposable incomes. At least three malls are under construction curently targeting…
    10 days ago 10 Dec 14, 2:00am
  • Technology cuts cost of housing at the Coast
    A new entrant into Mombasa’s real estate market has introduced a new construction technology, which it says will push down housing prices significantly. Goldwyne Consult, the technology’s proponenet, said the model involves construction of house…
    10 days ago 10 Dec 14, 2:00am
  • Awendo property owners panic over court ruling
    Land and building owners in Awendo, Migori county, are in limbo over properties following a Court of Appeal ruling that allowed 14 ‘squatters’ to own land in the town. The court, sitting in Kisumu on November 28, upheld an earlier decision by th…
    10 days ago 10 Dec 14, 2:00am
  • Construction up in kitale as sector thrives
    A Kitale based housing cooperative society has completed the construction of a building at a cost of Sh75 million. Club 100 Co-operative Society said the building will be let to generate rent income for the union. The development is located near the…
    10 days ago 10 Dec 14, 2:00am
  • Low-priced homes set for Athi River
    A consortium of American, Indian, British and Kenyan is putting up affordable houses in the outskirts of Nairobi targeting first-time homebuyers. Blue Haven Initiative from the USA has partnered with Indian firm MDHI and investors from the UK and Ke…
    10 days ago 10 Dec 14, 2:00am
  • Migori demand for stand-alone homes up
    Demand for stand-alone homes for rent has increased in Migori town, largely driven by a growing number of well-paid county employees, elected officials and private sector staff. This has created a fortune for property owners who have built rural hom…
    10 days ago 10 Dec 14, 2:00am
  • Low-priced homes set for Athi River
    A consortium of American, Indian, British and Kenyan is putting up affordable houses in the outskirts of Nairobi targeting first-time homebuyers. Blue Haven Initiative from the USA has partnered with Indian firm MDHI and investors from the UK and Ke…
    10 days ago 10 Dec 14, 2:00am
  • Housing units coming up in Kisumu’s suburb to meet biting shortage
    Kisumu Real Estates has began construction of 800 housing units at Kisian, giving a relief to city dwellers looking to own homes. The units are priced at between Sh3.5 million and Sh5.8 million. Luke Murfit, a director at KRE, said adoption of alter…
    10 days ago 10 Dec 14, 2:00am

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