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CapitalFM Business

  • Tabitha Karanja on humble beginnings, challenges, success and family
    NAIROBI, Kenya, Nov 23 – The Founder and CEO of Keroche Breweries Limited Tabitha Karanja is one woman whom I can say has gone to ‘hell and back’ to be where she is now. She has had to withstand a myriad of challenges for her business to be wor…
    28 mins ago 23 Nov 14, 6:40am
  • Kenya, UAE sign trade promotion pact
    ABU DHABI, Nov 23 – Kenya and the United Arab Emirates have entered into an investment promotion agreement that is expected to increase the volume of trade between the two countries. The agreement was signed by Cabinet Secretary Henry Rotich for th…
    32 mins ago 23 Nov 14, 6:36am
  • Real estate developments take root in Nyeri
    NYERI, Kenya, Nov 23 – Nyeri is emerging as an attractive real estate investment destination with major projects such as hotels, adventure parks, golf courses and residential estates now at various stages of development according to the Governor, N…
    1 hour ago 23 Nov 14, 5:47am
  • OPEC divided on oil output before crucial meeting
    LONDON, Nov 23 – The OPEC oil producers cartel will hold one of its toughest and most significant meetings in recent years as, faced with sliding prices, its members must contemplate whether to cut output. Ahead of Thursday’s meeting of the Organ…
    6 hours ago 23 Nov 14, 1:10am
  • Judge approves $450mn deal in Apple ebook suit
    SAN FRANCISCO, Nov 22 – A US judge signed off Friday on Apple’s $450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books. The settlement negotiated to avoid trial in the civil case brought…
    1 day ago 22 Nov 14, 5:13am
  • Sh1.9bn loan to finance Kenya’s health sector
    NAIROBI, Kenya, Nov 21 – The government has signed two loan agreements amounting to Sh1.9 billion with Belgium for the improvement of health services in the country. Treasury Cabinet Secretary Henry Rotich says Sh500 million will be used for a clin…
    2 days ago 21 Nov 14, 8:35am
  • ECB ready to ramp up asset purchases ‘without delay
    FRANCFORT, November 21- European Central Bank President Mario Draghi said Friday that the ECB is ready to ramp up its contested asset purchases “without any undue delay.” “We will use all means available to us, within our mandate, to return inf…
    2 days ago 21 Nov 14, 5:23am
  • Yen recovers from multi-year lows
    TOKYO, November 21- The yen clawed back some losses in Asia after a steep slide over the past week left it at multi year lows against the dollar and euro, but analysts said another fall could be in store. In Tokyo, the greenback slipped to 117.85 yen…
    2 days ago 21 Nov 14, 5:14am
  • Naikuni appointed Airtel Kenya chairman
    NAIROBI, Kenya, Nov 21 – Former Kenya Airways Managing Director Titus Naikuni has landed another plum position after being appointed the chairman of Airtel Kenya. Naikuni, who recently left the helm of the national carrier, is also the chairman of…
    2 days ago 21 Nov 14, 3:23am
  • Sotheby’s auction house CEO to step down
    NEW YORK, November 21- , a week after lackluster contemporary art sales and a year after a bruising battle with billionaire activist Daniel Loeb. Ruprecht, 58, will stand aside by mutual agreement with the board of directors but will stay as chairman…
    2 days ago 21 Nov 14, 3:05am

N-Soko Property Show

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...
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17 days ago 6 Nov 14, 11:01am
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28 days ago 26 Oct 14, 11:14am
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31 days ago 22 Oct 14, 10:04pm
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42 days ago 12 Oct 14, 11:51am

Daily Nation Business

The EastAfricanBusiness

Business Today

  • Here are Africa's most admired brands...and MTN is the best of them all
    YesNoNoNoNo MTN is the only African brand valued over a billion dollars. MTN has been named  the most valuable and admired African brand as Apple beat Samsung to the honours in the foreing brands category. This is accoding to the Nairobi…
    2 days ago 21 Nov 14, 10:40am
  • Kenya takes baby steps to financial hub
    NoNoNoYesNoThe Capital Markets Authority has launched a nine-year master plan to establish Kenya as a hub for international financial services. Acting Capital Markets chairman Paul Ngugi says it would turn the capital markets into the main dri…
    2 days ago 21 Nov 14, 10:14am
  • Online survey gives Britam high grades
    By: NoNoNoNoNoZURICH - Britam has been awarded the QUDAL Quality Medal, an international recognition for products and companies that offer consumers the greatest level of quality. The first QUDAL QUality meDAL research in Kenya by Swiss orga…
    2 days ago 21 Nov 14, 8:03am
  • Naikuni picked to chair Airtel Kenya board
    NoNoNoYesNoNAIROBI - Bharti Airtel today announced the appointment of former Kenya Airways CEO Titus Naikuni as the chairman of the Board of Directors of Airtel Kenya.Mr  Christian de Faria, CEO - Airtel Africa, said his wealth of experience…
    2 days ago 21 Nov 14, 7:16am
  • More Orange customers after turf war with Safaricom
    NoNoNoYesNo An advert comparing Orange's tariff and unidentified 'other network's.' Orange’s Did you Know campaign, which earlier in the year raffled Safaricom’s feathers helped boost its subscriber base by 16%, the company has said…
    3 days ago 20 Nov 14, 5:20am
  • Private equity firm buys out Resolution Insurance
    NoNoNoYesNo NAIROBI – LeapFrog Investments plans to acquire a majority stake in Resolution Insurance through a Ksh1.68 billion ($18.7 million) investment. The buyout will be done through its holding company, Resolution Health East Africa Lt…
    3 days ago 20 Nov 14, 2:53am
  • Finally, Nokia launches Android powered tablet
    YesNoNoNoNoNokia is back in the devices business just under seven months after selling its devices and services unit to Microsoft for $7.2 billion. Nokia unveiled its N1 Android tablet on Tuesday, days after revealing its plans to license its…
    4 days ago 19 Nov 14, 12:13pm
  • OLX gathers steam to open revenue streams
    NoNoNoYesNo OLX Country Manager Peter Ndiang'ui.      photo/courtesyIt will take four more years before OLX Kenya can make profit, a top manager with the company says, highlighting the the long gestation period for internet-based busin…
    4 days ago 19 Nov 14, 8:04am
  • GSK injects Ksh568m into medical research
    NoNoNoNoNoGSK has launched the first call for proposals for its Africa NCD Open Lab to support scientific research on non-communicable diseases (NCDs) in Africa. Up to Ksh568 million will be available in this first round of funding to support s…
    4 days ago 19 Nov 14, 6:45am
  • New app to track M-Pesa transactions
    By: NoNoNoNoNoNAIROBI - Safaricom has launched an Android-based application that provides its subscribers with a financial journal to track their M-PESA transactions. M-Ledger has been developed in partnership with a local start-up, Dynami…
    4 days ago 19 Nov 14, 5:35am

The Star

  • Kenyan shilling lifted by central bank dollar sales
    Kenya's shilling was lifted off three-year lows on Friday after the central bank sold dollars to support the weakening currency for a second consecutive day. "They have sold (dollars) to mid-sized banks," said one trader, who asked not to be named b…
    2 days ago 21 Nov 14, 4:00pm
  • KQ banks on JKIA upgrade to cut losses
    NATIONAL airline Kenya Airways is betting on improved airport infrastructure and new fleet to change the fortunes of the company. The airline said the new terminal 1A at the Jomo Kenyatta International Airport will make the handling of passengers an…
    2 days ago 21 Nov 14, 4:00pm
  • AfDB to lend Kenya $133 mln to extend access to power
    The African Development Bank has approved a $133 million(Sh11.8 billion) loan to fund a project aimed at improving access to electricity among poor populations in Kenya's rural areas. Only a third of Kenya's more than 40 million people are connected…
    2 days ago 21 Nov 14, 4:00pm
  • Jubilee named CIO 100 winner
    Jubilee Insurance has won Financial Services Award at the Annual CIO 100 Awards for being the most innovative company in the financial services sector in Kenya. During the awards, President Uhuru Kenyatta was given the IT leadership award for variou…
    2 days ago 21 Nov 14, 4:00pm
  • Eaagads share soars after pulling out of a loss
    THE Nairobi All Share ticked down a marginal 0.01 of a point to close at 162.06 on Friday. The Nairobi NSE20 pushed 21.17 points higher to close at 5166.45. Equity turnover clocked Sh714.337 million. Eaagads reported first half profit after tax of S…
    2 days ago 21 Nov 14, 4:00pm
  • KQ Finance Team Must Step Up Or Ship Out
    One West African lady who was working briefly in East Africa before going back to London where she was based berated a Kenya Airways representative near where I was sitting for bumping her off the flight. “You call yourself the Pride of Africa oh!…
    2 days ago 21 Nov 14, 4:00pm
  • CS Rotich defends plan to raise external debt limit
    THE limit of the money that Kenya can borrow from international markets will soon be based on a percentage of the gross domestic product– total economic output– rather than a nominal figure, National Treasury Cabinet secretary Henry Rotich said…
    2 days ago 21 Nov 14, 4:00pm
  • Single Window modules to be complete by December-KenTrade
    DEVELOPMENT of the Kenya Trade Net System modules will be completed by December 31, KenTrade has said. This will pave way for a full single window system to be used by the East Africa member states aimed at boosting trade in the EAC trade bloc. Acco…
    2 days ago 21 Nov 14, 3:00am
  • Standard Gauge railway is the way forward for Kenya
    In the UK there is an old joke. A man driving a car is lost and he stopped to ask directions of a local man leaning on a gate. The man leaning on the gate thought for a very long time and then said “You know. If I wanted to go there I wouldn’t s…
    2 days ago 21 Nov 14, 3:00am
  • NIC net profit up 18% in nine months
    MID-TIER lender, NIC Group, has reported an 18.1 per cent growth in post tax income to Sh3.33 billion in the nine-month period to end-September compared with Sh2.82 billion in the same period last year. The bank's earnings were uplifted largely by n…
    2 days ago 21 Nov 14, 3:00am
  • Nduati loosens hold on Resolution Insurance with major stake sale
    RESOLUTION Insurance Group founder and chief executive Peter Nduati has ceded majority stake of the firm to equity investor LeapFrog Investments, which now owns 60 per cent of the firm in a deal valued at Sh1.68 billion. This is after a buyout bid b…
    2 days ago 21 Nov 14, 3:00am
  • Shilling firms after central bank intervenes
    KENYA’S shilling strengthened from three-year lows yesterday after the Central Bank intervened to support the currency by selling dollars, traders said. By 12.05 p.m, commercial banks quoted the shilling at 90.00/90.10 to the dollar compared with…
    2 days ago 21 Nov 14, 3:00am
  • Top five banks rake in Sh44.4 billion in nine months
    KENYA's top five banks earned a net of Sh44.4 billion for the first nine months of the year. Standard Chartered bank - the last among the top five to release its financial results for the third quarter - reported yesterday that its group profit afte…
    2 days ago 21 Nov 14, 3:00am
  • Mombasa port cargo througput on the rise
    CARGO volumes at the Mombasa port grew by 8.3 per cent in the last ten months, surpassing volumes handled at the port in a similar period last year. Kenya Ports Authority said it has so far handled in excess of 15.8 million tonnes since January this…
    3 days ago 20 Nov 14, 3:00am
  • Local investors want better Visa services
    KENYAN investors want the government to pursue friendly visa policies with key business partner countries to ensure a mutually beneficial relationship. Kenya Chamber of Commerce and Industry chairperson Kiprono Kittony said some countries unnececess…
    3 days ago 20 Nov 14, 3:00am

  • Nigeria: Oil Slump Affecting Excess Crude Account - FG
    [Daily Trust]The federal government has raised an alarm that the fall in oil prices is affecting the inflow of money into the excess crude account.
    4 hours ago 23 Nov 14, 3:06am
  • Nigeria: 'I Started Business With N5,000'
    [Independent (Lagos)]Mrs. Laide Ajao is the chief executive officer of Laredo Superstores Limited, a business concern that has been in existence for more than three decades, focusing on jewelry and ankara fabrics. In a brief chat with our corresponde…
    4 hours ago 23 Nov 14, 2:59am
  • Nigeria: 'Goldenvitawalk for Life' Holds in Calabar Today
    [Guardian]CALABAR, the Cross River State capital, will be agog today because of physical exercise, 'Goldenvitawalk For Life' being organised by Golden Penny GOLDENVITA.
    4 hours ago 23 Nov 14, 2:43am
  • Nigeria: Nigerite Gets Recognition On Environmental Friendliness
    [Independent (Lagos)]Nigerite Limited, a roofing sheet and building materials manufacturing company, has again, won the Best Kept Industrial Premises Award for maintaining friendly environmental practices at its workplace. Nigerite was given this rec…
    5 hours ago 23 Nov 14, 2:33am
  • Nigeria: Naira Value Dips Further At Trading Segments
    [Vanguard]The Naira on Friday depreciated further against some major international currencies at the official, parallel and black markets.
    1 day ago 22 Nov 14, 5:48am
  • Mozambique: Report Expects LNG Production to Begin in 2019
    [AIM]London -Mozambique will begin to produce Liquefied Natural Gas (LNG) in 2019 according to the London-based analysts Business Monitor International (BMI).
    1 day ago 22 Nov 14, 4:16am
  • Cote d'Ivoire: Ifad Invests in Rural Populations to Boost Food Security and Access to Markets
    [IFAD]Rome -New project to reduce poverty and stimulate economic growth in post-crisis zones of the country
    2 days ago 21 Nov 14, 10:22am
  • East Africa: Who's the Richest in Africa?
    [CIO]Two of East Africa's telecom industry investors have made it to Forbes' 'Africa's 50 Richest' list which was released this week.
    2 days ago 21 Nov 14, 8:59am
  • Zimbabwe: Govt Must Tackle Bloated Wage Bill
    [Zimbabwe Independent]THE disclosure by Finance minister Patrick Chinamsa last week during the pre-budget seminar for MPs in Victoria Falls that recurrent expenditure is gobbling up a staggering 92,5% of government revenue, with wages chewing 81,5% o…
    2 days ago 21 Nov 14, 8:43am
  • Kenya: Writers' Critical Acclaim and Financial Success Not Linked - Peter Gikandi
    [The Star]He is a digital animation and illustration artist who uses the computer as a canvas, taking his first love of drawing into the 21st century with 3D work in gaming studios. Peter Gikandi has worked on the creative teams that produced Tiger W…
    2 days ago 21 Nov 14, 8:38am
  • South Africa: Settlement Reached Between SA Post Office, Two Unions
    []Pretoria -The South African Post Office (Sapo) says it has reached an agreement with two of the three labour unions whose members embarked on a protracted strike over wages.
    2 days ago 21 Nov 14, 7:29am
  • Africa: Mobile Phones Help Children's Rights
    [Thomson Reuters Foundation]Nairobi -Mobile phones and other technological innovations can be "game changers" in securing children's rights, the United Nations children's agency UNICEF said at the launch of its first crowd-sourced report on Thursday.
    2 days ago 21 Nov 14, 6:25am
  • Africa: How Africa Can Flourish in New Global Economy - Top U.S. Official
    [State Department]During a twelve-day visit to Africa, I saw people employing their smart phones, tapping into the internet, engaging in social media, and conducting business and commercial transactions on line. The mobile devices that they used were…
    2 days ago 21 Nov 14, 4:31am
  • Sierra Leone: How Will Anti-Ebola Measures Affect Farmers?
    [RFI]Subsistence and smallholder farmers are being hit hard by measures put in place by the Sierra Leonean government to curb the spread of the deadly Ebola virus. Food insecurity is on the rise in the Northern Province as a result of checkpoints, li…
    2 days ago 21 Nov 14, 4:10am
  • Tanzania: Tanzania Revokes Title Deeds of Unused Firms
    [Daily News]Dodoma -THE government has revoked six title deeds of huge agricultural farms in Tanga region, the National Assembly was told.
    2 days ago 21 Nov 14, 3:48am
  • Africa: Getting Down to Business
    [SAIIA]The African Peer Review Mechanism (APRM) recognises that a well-designed system of corporate governance is essential for creating an environment that at once enables profitable business and keeps business behaviour within responsible boundarie…
    2 days ago 21 Nov 14, 3:20am
  • Nigeria: Teachers Threaten 'Mother of all Strikes'
    [Daily Trust]The Nigeria Union of Teachers (NUT) yesterday in Abuja threatened to embark on what it called "mother of all strikes" if the local government autonomy being proposed by the National Assembly scales through.
    2 days ago 21 Nov 14, 3:19am
  • Africa: Lagos Is Africa's Fourth Most Visited City
    [Guardian]LAGOS has emerged as the fourth most visited destination city in Africa, according to the 2014 MasterCard Global Destinations Cities Index.
    2 days ago 21 Nov 14, 3:16am
  • Nigeria: Govt to Hike Taxes
    [This Day]Abuja -Following the downward slide in the price of crude oil on the international market, the federal government on Thursday disclosed that it had mapped out strategies to increase taxes and other internally generated revenues (IGR) in the…
    2 days ago 21 Nov 14, 12:49am
  • Kenya: 'Black Friday' Sales Coming to Kenya
    [CIO]Jumia is set to rolling out what is it bills as its 'biggest sale and discounts of the year' which will feature huge price cuts on a range of products starting from November 24 culminating in the 'Black Friday' sales day of November 28.
    2 days ago 21 Nov 14, 12:37am

How We Made it in Africa

CNBC Africa

  • A tailwind for stocks in week ahead
    Typically a positive time for stocks, analysts expect the market to continue to head higher during Thanksgiving week.
    2 days ago 21 Nov 14, 6:22pm
  • OPEC won't cut production: Pros
    Here's what will happen if OPEC doesn't cut production at its next meeting in response to low oil prices, two pros said
    2 days ago 21 Nov 14, 5:37pm
  • US oil settles higher after brief dip
    US crude settled below $80 a barrel after China cut interest rates and on speculation OPEC could agree to reduce oil production.
    2 days ago 21 Nov 14, 2:54pm
  • Decision delayed on ethanol in gas
    The White House decided it will postpone a decision on how much ethanol should be allowed in fuel.
    2 days ago 21 Nov 14, 12:09pm
  • Oil traders increase bets on OPEC action
    Traders increased bets that OPEC will cut production when it meets on Thanksgiving Day.
    2 days ago 21 Nov 14, 11:52am
  • Russia mulls oil output cut: Energy minister
    Russia may cut oil production to shore up flagging prices, but no decision has been made yet, its energy minister said.
    2 days ago 21 Nov 14, 11:03am
  • Cashin: Don't expect OPEC to cooperate
    Art Cashin of UBS, shares his forecast for next week's OPEC meeting.
    2 days ago 21 Nov 14, 11:02am
  • Iran nuclear talks set to hit hurdles
    World powers are hoping to come to an agreement over the country's nuclear program on Monday, but analysts and officials involved in negotiations are pessimistic that an agreement can be found by then.
    2 days ago 21 Nov 14, 1:00am
  • Why the US rally won't fizzle out in 2015
    A report from Goldman Sachs said Wall Street's rally will end next year, leaving investors with low returns. Bruce McCain, Senior VP & Chief Investment Strategist at Key Private Bank, explains why he disagrees.
    3 days ago 20 Nov 14, 5:21pm
  • Commodities tomorrow: Oil stabilizes
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil is in a wait-and-see pattern, as traders look ahead to next week's OPEC meeting. Traders expect it to stay around $75.
    3 days ago 20 Nov 14, 4:00pm
  • WTI crude settles higher on U.S. data
    U.S. crude settled up $1 at $75.88 per barrell on Thursday as strong U.S. economic data bolstered crude markets.
    3 days ago 20 Nov 14, 2:40pm
  • 'Existential' climate threat, says ex-BP chief
    Energy and mining companies are ignoring the "existential threat" from climate change and must change the way they operate, the former head of BP warns, the FT reports.
    3 days ago 20 Nov 14, 1:36am
  • Commodities tomorrow: Nat gas pops on cold
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was down again, and stayed under $75 after a 2.4 million barrel build. Nat gas popped due to the cold weather.
    4 days ago 19 Nov 14, 4:00pm
  • World's biggest hedge fund's secret
    Man Group took in $1.2 billion in new money in the past quarter in part because of this strategy.
    4 days ago 19 Nov 14, 3:42pm
  • WTI settles below $75, traders await OPEC
    Contracts for U.S. crude pared earlier losses to settle down 14 cents at $74.50.
    4 days ago 19 Nov 14, 2:49pm
  • USAF cleared to buy civilian fuel
    The Air Force just completed an push to convert its bases from military-specific grade jet fuel to a civilian grade.
    4 days ago 19 Nov 14, 2:16pm
  • The big threat facing one oil giant
    Brazilian Petrobras shares stabilized for the first time in months, after falling 45% since August. Is it time for investors to jump in or out?
    4 days ago 19 Nov 14, 2:15pm
  • Why YOU may be the future of energy
    Some say the future will rely on recycling waste energy for new purposes, but is "energy harvesting" technology viable?
    4 days ago 19 Nov 14, 1:33pm
  • Halliburton down 12% this week
    Halliburton's stock is having the worst post-deal performance of the year, after news the company is buying out Baker Hughes.
    4 days ago 19 Nov 14, 12:37pm
  • Why we failed on Keystone: Heitkamp
    Sen. Heidi Heitkamp, a Democratic supporter of the Keystone XL pipeline, also said to just wait until next year.
    4 days ago 19 Nov 14, 10:00am
  • ISIS in trouble: What could this mean for oil?
    One of the most important areas captured by Islamic State of Iraq and Syria (ISIS) looks as though it’s back in Western-backed hands.
    4 days ago 19 Nov 14, 7:29am
  • Senate defeats Keystone XL pipeline
    The Democrat-controlled Senate failed to gather the 60 votes it needed to approve the construction of the Keystone XL pipeline.
    4 days ago 19 Nov 14, 7:28am
  • Does the Keystone pipeline really matter?
    Jason Feer, Head of Business Intelligence at Poten & Partners, discusses the significance of the Keystone XL pipeline following the rejection of the bill by the U.S. Senate on Tuesday.
    4 days ago 19 Nov 14, 12:34am
  • Commodities tomorrow: WTI under $75
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again, and closed under $75. Traders say there could be more pressure from here. Nat gas was down on the day.
    5 days ago 18 Nov 14, 4:00pm
  • Other players in Halliburton deal
    A sale of parts of Halliburton's business could be a game-changer for smaller oilfield services companies, analysts say.
    5 days ago 18 Nov 14, 3:13pm
  • Oil extends slide on OPEC uncertainty
    Oil extended its slide on Tuesday as traders looked for signs OPEC would cut output.
    5 days ago 18 Nov 14, 2:42pm
  • The world's future energy picture
    The world will see big shifts on both the usage and supply sides of the energy equation, according to a recent forecast.
    5 days ago 18 Nov 14, 12:30pm
  • How China can tackle air pollution
    China should take a lesson from California in tackling its serious air-pollution problem, says Terry Tamminen.
    5 days ago 18 Nov 14, 11:31am
  • Why Halliburton bought Baker Hughes: CEO
    Halliburton bought Baker Hughes because it needed to be a bigger, stronger integrated company, said CEO Dave Lesar.
    5 days ago 18 Nov 14, 11:23am
  • Oil pipeline vote looms
    Supporters of a Senate bill to approve the Keystone XL pipeline from Canada to the Texas Gulf Coast are still scrambling to find the last vote.
    5 days ago 18 Nov 14, 8:16am
  • US shale and OPEC oil: Game of chicken?
    The rhetoric surrounding the recent drop in oil prices shows no signs of slowing, with Venezuela calling for a meeting of oil producing countries.
    5 days ago 18 Nov 14, 6:18am
  • Geopolitical risk premium gone from oil: Pro
    Abhishek Deshpande, oil and gas analyst at Natixis, says the geopolitical risks threatening oil supply have been removed from the market.
    5 days ago 18 Nov 14, 1:30am
  • Commodities tomorrow: Nat gas pops on cold snap
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The global supply glut concerns continue, as WTI and Brent were both down on the day. Nat gas popped 7 percent as cold weather hit the midwest.
    6 days ago 17 Nov 14, 4:00pm
  • Energy deals at all-time highs's Jeff Cox reports on the logistics of Halliburton's acquisition of Baker Hughes which is valued in cash and stock at $34.9 billion.
    6 days ago 17 Nov 14, 3:50pm
  • WTI settles above $75, pares losses
    U.S. crude settled above $75 on Monday, paring earlier losses.
    6 days ago 17 Nov 14, 3:00pm
  • Private equity bets on 'revolution'
    Private equity is betting that gas and oil—not renewables—will continue to dominate as energy sources in 25 years.
    6 days ago 17 Nov 14, 2:23pm
  • More bad news for Petrobras
    Oil company Petrobras will not meet production growth targets this year, adding to a mounting list of bad news.
    6 days ago 17 Nov 14, 2:19pm
  • Keystone pipeline plays
    CNBC's Jackie DeAngelis reports on various energy companies to benefit from the Keystone pipeline if the deal is approved.
    6 days ago 17 Nov 14, 1:08pm
  • This stimulus works! Don't screw it up
    We've finally got stimulus that works, says Jake Novak. So why are Democrats trying to screw it up?
    6 days ago 17 Nov 14, 12:26pm
  • Petrobras to investigate graft allegations
    Brazil's oil company Petrobras vowed on Monday to fully investigate a money-laundering scandal that has rattled the company's shares.
    6 days ago 17 Nov 14, 11:33am
  • Halliburton to buy Baker Hughes
    Halliburton on Monday agreed to buy Baker Hughes in a cash and stock deal valued at $34.6 billion.
    6 days ago 17 Nov 14, 8:43am
  • Cracks widen at OPEC as oil price falls
    Oil prices firmly below $80 a barrel are rattling nerves within the Organization of the Petroleum Exporting Countries.
    6 days ago 17 Nov 14, 5:22am
  • Brent's next likely move is toward $50
    Crude's deep slide will likely continue to fall in the coming months to as low as $50 per barrel, says one analyst.
    7 days ago 16 Nov 14, 10:53am
  • Philly: The Houston of the East?
    Thanks to the U.S. energy boom, the City of Brotherly Love is undergoing a quiet revolution.
    7 days ago 16 Nov 14, 9:00am
  • Why I'm not short oil: Gartman
    Dennis Gartman saw action in the futures market that caused him to pull his short positions.
    9 days ago 14 Nov 14, 6:20pm
  • Crude edges higher to settle at $75.82
    Oil futures bounced Friday but prices fell for a seventh week in the longest losing streak since 1986.
    9 days ago 14 Nov 14, 4:13pm
  • US bonds climb from earlier lows
    U.S. bond prices rose on Friday afternoon after data showed consumer sentiment gains.
    9 days ago 14 Nov 14, 2:46pm
  • Lower oil cuts both ways
    The recent slide in oil prices is throwing another question mark into the saga surrounding the Keystone XL pipeline.
    9 days ago 14 Nov 14, 11:22am
  • HAL & BHI: Two oil giants, one massive merger
    Kurt Hallead, RBC Capital Markets, discusses the proposed $67 billion merger between oil behemoths Halliburton and Baker Hughes and the possible antitrust issues it's likely to run into as oil prices head lower.
    9 days ago 14 Nov 14, 7:15am
  • How cheap gas is saving restaurants
    There's good news for the dining-out industry: jobs creation is improving, lower gas prices and seats are filling up at restaurants.
    9 days ago 14 Nov 14, 5:00am

Africa Business Magazine

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

Property - The Star

  • MP asks developers to build more commercial units
    Developers have been urged to wisely use space along the Thika Superhighway to ensure their buildings accommodate as many businesses as possible. Speaking during the opening of Emani Business Centre in Pangani on Friday, Mathare MP Steven Kariuki sa…
    4 days ago 19 Nov 14, 3:00am
  • Bedsitters gain popularity as housing market cools
    REAL estate investors’ interest in building and buying bedsitters is increasing because the units offer a fasteer return on investment and higher financial liquidity. High mortgage rates have led to a slowdown in the property market over the last…
    4 days ago 19 Nov 14, 3:00am
  • New frontiers in affordable decent housing to meet demand
    Providing decent, affordable housing is a growing challenge in many economies. With demand far exceeding supply, the adverse effects – on mobility, productivity and growth – are (or will be) increasingly apparent. Fortunately, there are ways to…
    4 days ago 19 Nov 14, 3:00am
  • Kitale eyes major economic growth driven by new hotel investments
    Kitale’s hospitality industry has received a boost with the completion of eight hotels in the area over the last few months. The new hotels, tourism entrepreneurs said, will improve the capacity of the town to hold major meetings and events as it…
    4 days ago 19 Nov 14, 3:00am
  • KCB to list mortgages for trading at nse next year
    Investors at the Nairobi Securities Exchange could from next year trade in mortgages. This is if a plan by Kenya Commercial Bank Group to offer institutional and high net-worth investors a chance to trade in mortgage-backed securities is approved. K…
    4 days ago 19 Nov 14, 3:00am
  • Hass Consult to sell land to middle-class farmers
    Hass Consult has ventured into sale of farm land in peri-urban areas, inspired by the urban middle-class farmers seeking land to engage in fresh farm produce business. In the new property niche, the real estate advisory firm plans to service 25 four…
    11 days ago 12 Nov 14, 3:00am
  • Universities ramp up real estate projects in Eldoret
    Public and private universities are implementing major property investments in Eldoret, causing increased demand for land in the region. Most of the universities have already bought huge tracts of land to put up campuses and hostels, which are also…
    11 days ago 12 Nov 14, 3:00am
  • Cement production up but supply still trails demand
    Cement makers revved up their factories over the nine months to September, raising production by 15.2 per cent as consumption surged by nearly a fifth over the same period. Data collated by the Kenya National Bureau of Statistics show that the count…
    11 days ago 12 Nov 14, 3:00am
  • Land hitch to blame for Thika road traffic
    Competition for space among businesses and developers along the Thika Superhighway has negated its planned benefits, re-introducing the previous nightmare traffic at peak times as structures encroach on the road. Two years after its completion, user…
    11 days ago 12 Nov 14, 3:00am
  • High demand raises land prices in Iten
    Cost of land in Iten town has risen sharply as the Elgeyo Marakwet County government and private investors demand more space for new developments. The town, which is the county’s headquarters, has no idle public land for new investments, causing p…
    11 days ago 12 Nov 14, 3:00am
  • Lafarge Nigeria inks merger deal
    A Nigerian unit of France’s Lafarge said on Monday it had agreed with Flour Mills of Nigeria to purchase a 30 per cent stake in United Cement Company of Nigeria. The deal will give Lafarge’s Nigerian Cement Holdings complete control of the count…
    11 days ago 12 Nov 14, 3:00am
  • Property conference on Africa moved to SA
    The third edition of the annual Africa GRI event, which focuses on real estate investments and development across the continent, has been moved to Johannesburg, South Africa. Africa GRI’s first two edition – 2013 and 2014 – were held in Nairob…
    18 days ago 5 Nov 14, 3:00am
  • Commercial rental market in favour of the landlords
    Commercial property landlords in the country have an upper hand over their tenants, as most leases are skewed in their favour and further helped by opaque transactions. Analysis of research published by South Africa’s Broll Property Group, which h…
    18 days ago 5 Nov 14, 3:00am
  • Investors eye Turkana's looming oil boom
    Property developers, local and foreign, are carrying out surveys on investment opportunities in Turkana county with an eye on the boom expected when production of oil begins. Turkana county government says it has been approached with enquiries on ho…
    18 days ago 5 Nov 14, 3:00am
  • Luxury property prices in Nairobi fall for the first time
    House prices in Nairobi’s affluent residential neighbourhoods have fallen by the largest margin for the first time in the three months to September, the latest Knight Frank report shows. According to the real estate services firm’s third quarter…
    18 days ago 5 Nov 14, 3:00am

CEO Magazine

  • Christmas comes early for DStv customers
    By Our Reporter DStv subscribers will be celebrating Christmas early following the company’s decision to reduce the cost of their hardware this festive season. The Pay TV player has announced that effective Friday, 21st November 2014, the high defi…
    3 days ago 20 Nov 14, 9:59am
  • MTN reassures customers of quality data services
    By Silvia Nyambura MTN Uganda has allayed its data customers’ concerns over the recent degradation in service. These include multiple data bundle buying activation failure, delayed data bundle loading, failed activation, inaccurate data bundle bill…
    3 days ago 20 Nov 14, 2:06am
  • URA ready for oil and gas revenue
    By Silvia Nyambura Uganda Revenue Authority (URA) is on the right track for oil and gas revenue Commissioner General Doris Akol has said. According to her, systems geared at revenue collection in a transparent way are already in place. Akol was speak…
    4 days ago 19 Nov 14, 5:27am
  • Vodafone enters Uganda market
    By Silvia Nyambura Uganda’s telecom industry is set to witness more competition following the entry of Vodafone Group into the market. This is through a partner market arrangement with Afrimax Group a 4G LTE telecommunications operator in Sub-Sahar…
    5 days ago 18 Nov 14, 6:52am
  • GOtv launches festive season campaign
    By Silvia Nyambura With Christmas a little over a month away, holiday offers and giveaways are already in the pipeline for most corporates. In line with this MultiChoice Uganda through its Digital Terrestrial Television (DTT) GOtv has unveiled a fest…
    6 days ago 17 Nov 14, 9:40am
  • E-Commerce has great potential for growth in Sub-Sahara Africa
    By Our Reporter The recently released DHL ‘Shop the World’ report reveals that emerging markets offer the highest growth potential for the E-Commerce industry. This is due to the onset of online shopping which is in its infancy in the region. Whi…
    10 days ago 13 Nov 14, 2:01am
  • Uganda’s Corporates continue to embrace proper Financial Reporting
    By Silvia Nyambura Stanbic Bank Uganda has emerged the winner of this year’s Financial Reporting (FiRe) awards beating 76 companies that submitted their reports for evaluation. The Silver award went to Lion Assurance while Centenary Bank scooped th…
    12 days ago 11 Nov 14, 3:52am
  • Smart opens shop in Mbale
    By Silvia Nyambura In a move aimed at cementing its presence in the market, Smart has extended its services to Mbale in Eastern Uganda. The move will enable the telecom decentralize its operations in the country and provide services to a larger audie…
    19 days ago 4 Nov 14, 9:19am
  • Fireworks Advertising Group in new partnership
    By Silvia Nyambura As communications consumerism patterns change globally, firms offering such services have had to reinvent themselves to remain competitive. Unlike in the rest of the world where growth of internet is driven by PC, Desktops and Lapt…
    19 days ago 4 Nov 14, 8:35am
  • Online Job sites revolutionizing the job seeking process.
    By Silvia Nyambura Uganda’s potential job candidates can now upload Curriculum Vitae’s, connect with professional networks, apply for jobs or even have the first screening employer interview via the internet. This service is available through Bri…
    20 days ago 3 Nov 14, 3:39am

Kenyan Shilling Exchange Rate


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