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  • Consumers ‘in the dark’ after Industrial Area fire
    NAIROBI, Kenya, Sep 2 – A section of Nairobi residents will on Tuesday night go without electricity supply after a fire occurred earlier in the day at Kenya Power new Industrial Area sub-station. Those affected include several industrial and commer…
    4 hours ago 2 Sep 14, 12:22pm
  • The art of queue jumping
    Something just about every queue has in common is that when you finally get to the front, the person before you has an interminable problem. Most people handle this seemingly inevitable final hurdle with weary resignation, but when you’re at an air…
    7 hours ago 2 Sep 14, 9:41am
  • Tourism bolsters the power of selected African passports
    African countries that have a strong tourism industry and relative stability have the strongest passports, according to the Henley & Partners Visa Restrictions Index 2014. Citizens from Seychelles, Mauritius and South Africa have access to the most c…
    10 hours ago 2 Sep 14, 6:27am
  • Centum, Gulf Energy secure Lamu coal project
    NAIROBI, Kenya, Sep 1 – A consortium led by Kenyan companies Gulf Energy Limited and Centum Investment Company Limited, has emerged as the winning bidder for the development of the 960 Megawatt Lamu coal plant. Gulf & Centum’s consortium was amo…
    1 day ago 1 Sep 14, 2:37pm
  • Lamu coal project developer to be named soon
    NAIROBI, Kenya, Sep 1 – The government is in less than two weeks time expected to announce the winner of the Lamu coal project tender. The 960 Megawatts coal project is now remaining with three final bidders out of 10 investors who are all working…
    1 day ago 1 Sep 14, 11:38am
  • Sh200mn released for tourism recovery plan
    NAIROBI, Kenya, Sept 1 – The government has released the Sh200 million for tourism recovery. Tourism Recovery Taskforce Chairperson Lucy Karume says the money is already with the Tourism Ministry and will begin to be used on a short, medium and lon…
    1 day ago 1 Sep 14, 11:27am
  • KQ executive lounges ready by October
    NAIROBI, Kenya, Sep 1 – Kenya Airways is putting the final touches to executive airport lounges at the Jomo Kenyatta International Airport. The multiple guest lounges currently under development at the Jomo Kenyatta International Airport (JKIA) Ter…
    1 day ago 1 Sep 14, 6:21am
  • Kenya among 30 countries that contribute ‘the most good’ in the world
    Most Kenyans take a dim view of the motherland and probably rightly so. We can give a hundred or so problems in Kenya, with the government and politicians taking the lion’s share of the blame. From being ranked ‘the optimistic country’ in 2007,…
    2 days ago 1 Sep 14, 4:42am
  • Apparent Hollywood hack attack nabs stars’ nude pix
    Nude photos purportedly showing many top stars, including Oscar-winner Jennifer Lawrence and pop star Rihanna, bounced around social media, in an apparent massive hacking leak, US media reported. “It’s so weird and hard how people take your priva…
    2 days ago 1 Sep 14, 3:02am
  • CaixaBank to buy Barclays Spain operations
    LONDON, September 1 - Spain’s third-biggest bank by capitalisation CaixaBank is to buy Barclays’ Spanish operations for £800 million ($1.1 billion) as the British bank undergoes major restructuring, Barclays said. The sale includes Barclay’s…
    2 days ago 1 Sep 14, 2:46am

N-Soko Property Show

N-Soko Property Show Episode 61N Soko Property Show Episode 61 For more news visit Follow us on Twitter Like our FaceBook page
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9 days ago 24 Aug 14, 12:57pm
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16 days ago 17 Aug 14, 10:53am
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23 days ago 10 Aug 14, 11:03am
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37 days ago 27 Jul 14, 11:08am

Daily Nation Business

The EastAfricanBusiness

Business Today

The Star

  • Brokers realise mixed earnings in first half
    STOCK brokerage firms posted mixed fortunes in the first half of the year to June, the same period that the Nairobi Securities Exchange Ltd reported net earnings tumbled 30.6 per cent to Sh107.3 million. The NSE, set to self-list on Monday, is owned…
    24 hours ago 1 Sep 14, 5:00pm
  • Pan Africa Insurance opens Kakamega branch
    LIFE Insurance company Pan Africa has increased the number of its local branches to 16 with the opening of an office in Kakamega. The firm said it will capitalise on the growth in economic activities such as farming and the big population in that Co…
    24 hours ago 1 Sep 14, 5:00pm
  • Gulf Energy wins the tender for Lamu coal plant
    GULF Energy has won the tender for the development of a 960 megawatt coal plant in Lamu, the Ministry of Energy and Petroleum announced yesterday. However two other firms which had shown interest in the tender and made it to the tip list and conside…
    24 hours ago 1 Sep 14, 5:00pm
  • Home Afrika’s half-year profit slides by 262%
    HOME Afrika, the only listed real estate developer, suffered a 262.5 per cent decline in half-year net profits on increased sales and administrative costs, it announced yesterday. The firm said net earnings stood at Sh42.9 million, a deep drop from…
    24 hours ago 1 Sep 14, 5:00pm
  • NSE opens week with extension of winning streak
    The Nairobi all share index rallied 0.747% to set a record closing high for the sixth consecutive session which is a real red hot streak any way you care to cut it. The Nairobi all share is +16.443% in 2014. The Nairobi NSe20 index which reached a m…
    24 hours ago 1 Sep 14, 5:00pm
  • Information CS Matiang'i cautions ICT firms over new fund
    COMMUNICATIONS Cabinet secretary Fred Matiang'i has warned players in the ICT and broadcasting business to remit dues owed to the Universal Service Fund to avoid forcing the regulator to penalise them. Speaking when he paid visited Radio Africa Grou…
    24 hours ago 1 Sep 14, 5:00pm
  • MPs plan to revive closed textile firms
    The Parliamentary Committee on Finance, Planning and Trade is visiting some of the collapsed textile industries and the Pan Paper Mills in Webuye to review government plans to revive the firms. Chairman of the Committee Benjamin Langat said parliame…
    2 days ago 31 Aug 14, 5:00pm
  • Hashi Energy wins contract for October fuel deliveries
    Hashi Energy has won the monthly contract to supply 124,000 metric tonnes of gas oil in October. The monthly contract, worth an estimated Sh13.2 billion, was floated by the Ministry of Energy and Petroleum. Every month there is an open government te…
    2 days ago 31 Aug 14, 5:00pm
  • Motorists to pay different parking fees per city estate
    PARKING fees in Nairobi will vary among estates, if a new plan by the County Government is implemented. Nairobi County coordinator Margaret Musyoki said those who park further from the city centre will be charged less under a zoning plan currently b…
    2 days ago 31 Aug 14, 5:00pm
  • Greatest Bull Markets Climb The Wall Of Worry
    The Nairobi all share opens today having closed at a record high every single session last week which is a record breaking winning streak. The Nairobi all share has rallied +15.5799% so far in 2014 and this year's acceleration higher is a part of a…
    2 days ago 31 Aug 14, 5:00pm
  • Nairobi among top investment hubs in Africa
    NAIROBI is among top 10 cities in Sub Saharan Africa that promises the best investment returns for businesses by year 2040, according to consultancy firm PricewaterhouseCoopers. In a report titled 'Africa: Growth is on the horizon but where should y…
    2 days ago 31 Aug 14, 5:00pm
  • World Bank body eyes more deals in Kenya
    WORLD Bank's Multilateral Investment Guarantee Agency, is seeking to scale up involvement in the country beyond the energy sector. MIGA's chief chief operating officer Michel Wormser told journalists after his day-long scouting visit on Friday eveni…
    2 days ago 31 Aug 14, 5:00pm
  • Kenya Power customers to get loans to fund new connections
    KENYA Power is working with various financial institutions to give loans that will assist people to pay for new connections. The firm's managing director Ben Chumo said it already has deals with locals banks such as National Bank, Jamii Bora bank, E…
    2 days ago 31 Aug 14, 5:00pm
  • Eurobond cash to help cut interest rates
    Interest rates will begin to decline drastically once the government starts spending money raised through the Eurobond two month ago, Trans National Bank CEO Sammy Langat has said. Langat said increased government spending will raise the amount of m…
    2 days ago 31 Aug 14, 5:00pm
  • Rotich assures investors on state privatisation plan
    INVESTORS seeking to buy government stake in 26 state-owned companies approved for privatisation will be subjected to a competitive bidding process, Treasury Secretary Henry Rotich reassured on Friday. He made the announcement Friday when the govern…
    4 days ago 29 Aug 14, 5:00pm

  • Tanzania: Financial Constraints Stifle PSC Operations
    [Daily News]INADEQUATE funds and human resources have been identified as some of the major challenges facing the Tanzania Public Service Commission (PSC), causing it to fail to meet its goals.
    11 hours ago 2 Sep 14, 5:46am
  • Kenya: 40,000 Teachers to Get Pay Rise in October
    [The Star]A record 40,000 teachers are set to benefit from promotions that will cost their employer Sh4.61 billion, starting next month.
    12 hours ago 2 Sep 14, 5:11am
  • Mozambique: Mozambique Improves the Issuance of Business Licenses
    [ICF]The President of the Republic of Mozambique, Armando Emilio Guebuza, has launched the Integrated Platform for Services to Citizens.
    12 hours ago 2 Sep 14, 4:52am
  • Kenya: Italian Firm Loses Big Railway Job
    [The Star]THE High Court yesterday dismissed a suit in which an Italian company wants to offer consultancy services for the construction of the Sh327 billion standard gauge railway line.
    12 hours ago 2 Sep 14, 4:45am
  • Kenya: Brokers Realise Mixed Earnings in First Half
    [The Star]STOCK brokerage firms posted mixed fortunes in the first half of the year to June, the same period that the Nairobi Securities Exchange Ltd reported net earnings tumbled 30.6 per cent to Sh107.3 million.
    12 hours ago 2 Sep 14, 4:45am
  • Kenya: Sh11 Billion for Electricity in Rural Schools, Homes
    [The Star]THE government will spend Sh11 billion on rural electrification programmes this year.
    12 hours ago 2 Sep 14, 4:45am
  • Kenya: Gulf Energy Wins the Tender for Lamu Coal Plant
    [The Star]GULF Energy has won the tender for the development of a 960 megawatt coal plant in Lamu, the Ministry of Energy and Petroleum announced yesterday. However two other firms which had shown interest in the tender and made it to the tip list an…
    12 hours ago 2 Sep 14, 4:45am
  • South Africa: Black Lonmin Employee Treated Last - Lawyer
    [SAPA]Pretoria -A black Lonmin employee was the last to receive medical attention despite being the worst-injured during violence in Marikana, the FarlamCommission of Inquiry heard on Monday.
    12 hours ago 2 Sep 14, 4:33am
  • Kenya: In Times of Drought, Cassava Has Come to Our Rescue
    [The Star]Anastasia Musenya from Kanzilu village in Mutomo District, Kitui County, has been affected countless times by drought and famine, but planting cassava has been a blessing to her family during such difficult times.
    13 hours ago 2 Sep 14, 4:12am
  • Africa: Corruption Concerns Taint Burgeoning China-Africa Trade
    [VOA]Africa's mineral, timber, and oil wealth has been highly sought - and fought over - for years, mainly by Western nations.
    13 hours ago 2 Sep 14, 4:06am
  • Kenya: Beware of Middle East Jobs - MPs
    [The Star]TWO Kiambu county politicians have warned Kenyan parents against sending their children to work in Saudi Arabia.
    13 hours ago 2 Sep 14, 4:05am
  • Kenya: Mombasa Health Staff Demand Their Salaries
    [The Star]HEALTH workers in Mombasa has vowed not to resume work until they receive their three moth salaries.
    13 hours ago 2 Sep 14, 4:03am
  • Kenya: Alert Issued On Bad Maize
    [The Star]ELGEYO MARAKWET Farmers have been told not to feed their livestock diseased maize.
    13 hours ago 2 Sep 14, 4:03am
  • Kenya: Three Killed in Serengeti Plane Crash
    [The Star]Three Kenyan crew members died after a plane crashed at Serengeti National Park, about 15 miles from the Kenya-Tanzania border, on Sunday night.
    13 hours ago 2 Sep 14, 4:03am
  • Kenya: Uasin Gishu Tells Nurses to Return Sacking Letters
    [The Star]UASIN Gishu has recalled sacking letters for more than 100 nurses who had been hired on contract.
    13 hours ago 2 Sep 14, 3:58am
  • Uganda: Coffee Faces Bleak Future
    [Independent]Uganda is still Africa's second largest coffee producer after Ethiopia, but it might not be for much longer. While it is the only country where coffee production has risen among the top producers in the last coffee year, the Internationa…
    13 hours ago 2 Sep 14, 3:57am
  • Uganda: The High Cost of Cheap Meat
    [Independent]Factory-style livestock production is a critical driver of agricultural industrialization. Its remorseless expansion is contributing to climate change, deforestation, biodiversity loss, and human-rights violations - all to satisfy Wester…
    13 hours ago 2 Sep 14, 3:57am
  • Uganda: One Million Rwandans Graduate Out of Poverty
    [Independent]For the last 18 years, Esperance Nyiramahoro, 34, had tried every job but without much luck in overcoming poverty. Life was hard; she was barely able to get enough to keep her family afloat. It is only five years ago when her life starte…
    13 hours ago 2 Sep 14, 3:57am
  • Africa: Need to Create Jobs? Try Agriculture
    [allAfrica]Addis Ababa -The agriculture sector is more effective than the oil and gas sectors not only at creating jobs but boosting growth says, the Africa Progress Panel and Sipho Moyo of One during a session on the panel's report - Grain, Fish, Mo…
    14 hours ago 2 Sep 14, 2:56am
  • Ethiopia: Ethiopia Aims to Launch Satellite
    [ERTA]It is disclosed that Ethiopia has planned to launch medium research satellite within the next five years.The Entoto Observatory and Research Center (EORC) signed a Memorandum of Understanding on Sunday with Finland based Space Technology and Sc…
    15 hours ago 2 Sep 14, 1:59am

How We Made it in Africa

CNBC Africa

  • Oil hit by demand fears despite Libya
    Crude oil was crushed on Tuesday, as concerns of slowing oil demand in China and Europe failed to offset supply worries from Libya.
    2 hours ago 2 Sep 14, 2:33pm
  • DSM shifting from fossil to biofuel age: CEO
    Feike Sijbesma, CEO of DSM, says the group is shifting its focus from fossil fuel to biofuel, and says the new venture is "very important" for the group's financials going forward.
    6 hours ago 2 Sep 14, 11:20am
  • Halliburton agrees to Gulf spill deal
    Halliburton reached a settlement for claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010, FT reports.
    6 hours ago 2 Sep 14, 10:50am
  • How Europe’s slump could doom Ukraine
    Even Germany, whose economy powered the Europe's tepid recovery, is slipping, and Ukraine could suffer, The Fiscal Times reports.
    7 hours ago 2 Sep 14, 10:20am
  • 'Demand concern' in oil industry: Pro
    Mark Lewis, analyst at Kepler Cheuvreux, says there are concerns over demand in the oil industry which could see prices fall in the short term.
    15 hours ago 2 Sep 14, 2:10am
  • Pressure mounts to ease US oil export ban
    Washington is facing international pressure to ease its ban on crude oil exports, with South Korea and Mexico joining the European Union.
    21 hours ago 1 Sep 14, 8:16pm
  • Europe drafts emergency energy plan
    The European Union could ban gas exports and limit industrial use as part of emergency measures to protect household energy supplies.
    21 hours ago 1 Sep 14, 8:10pm
  • Oil prices dip on faltering demand
    Brent crude dropped below $103 a barrel on Monday, following fresh data suggesting a slower growth in China's factory activity.
    1 day ago 1 Sep 14, 1:16pm
  • India's Reliance plans $13B in projects
    India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
    4 days ago 30 Aug 14, 1:17am
  • A motorcycle powered by...bacon
    Hormel has created a custom motorcycle that runs on 100 percent refined bacon grease.
    4 days ago 29 Aug 14, 3:34pm
  • Oil higher but monthly loss looms
    Oil rose, but prices headed for a monthly loss amid supply and demand woes.
    4 days ago 29 Aug 14, 2:36pm
  • Kurdish oil tanker goes dark near Texas
    The missing tank—filled with $100 million of disputed oil—is the latest development in a risky game of cat-and-mouse between Baghdad and the Kurds.
    4 days ago 29 Aug 14, 11:09am
  • Morgan Stanley plots jump into nat gas
    Morgan Stanley is exiting one commodity business to get into another: the increasingly hot nat gas export sector.
    4 days ago 29 Aug 14, 9:32am
  • Scotland's trillion-dollar oil question
    With the Scottish referendum looming, what happens to oil and gas reserves remains a key part of the debate.
    5 days ago 29 Aug 14, 1:19am
  • Crude ends higher after US data
    U.S. oil rose on Thursday, boosted by strong U.S. data, but ample supply and a refinery fire in the United States contained prices.
    5 days ago 28 Aug 14, 2:46pm
  • Nuclear fusion is drawing investor money
    Two major tech investors have plowed $1.5 million into a technology that hasn’t worked, according to
    5 days ago 28 Aug 14, 2:10pm
  • Stop worrying, love nuclear: Officials
    Is there still room for nuclear power in the U.S. energy mix? Its backers say yes.
    5 days ago 28 Aug 14, 1:37pm
  • BP says refinery still in production after fire
    BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
    5 days ago 28 Aug 14, 5:43am
  • Activists urge stand against Tesla
    A coalition of government watchdog groups is urging states to stand firm against Tesla Motors' demand for millions of dollars in incentives to win its so-called "Gigafactory".
    6 days ago 28 Aug 14, 1:39am
  • 3 promising Wall Street sectors
    Patrick Kaser, Managing Director and Portfolio Manager of Brandywine Global, likes U.S. energy and technology shares, along with financials which are poised to benefit from a rise in interest rates.
    6 days ago 27 Aug 14, 7:18pm
  • Are cars on the cusp of going solar?
    Falling solar and battery prices combined with electric vehicles' rise may soon send internal combustion engines to the junk yard, some say.
    6 days ago 27 Aug 14, 6:27pm
  • Commodities tomorrow: Gas at 2-year lows
    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Crude continues to head south, even though geopolitical events keep a floor around the low $90s.
    6 days ago 27 Aug 14, 4:00pm
  • Good news for your Labor Day trip
    The slide in global crude oil prices will push U.S. gas to its lowest Labor Day price since 2010. USA Today reports.
    6 days ago 27 Aug 14, 2:55pm
  • Oil gives up gains after US stockpiles
    Demand fears clipped an early rally in oil despite data showing a steep drop in U.S. inventories.
    6 days ago 27 Aug 14, 2:53pm
  • Russia denies plans to block gas flows
    Russian Energy Minister Alexander Novak dismissed Ukraine's claims that Moscow plans to block gas transit to Europe.
    6 days ago 27 Aug 14, 10:39am
  • Energy prices move higher
    CNBC's Bertha Coombs reports on energy prices ahead of weekly inventory data.
    6 days ago 27 Aug 14, 9:55am
  • 'Linchpin' of Mexican energy reforms
    Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.
    7 days ago 26 Aug 14, 4:23pm
  • Oil lifted by US data before stockpiles
    U.S. oil ended higher after encouraging U.S. consumer data.
    7 days ago 26 Aug 14, 2:49pm
  • Investors watching Brazil's elections
    Brazilian markets are bullish on the surge of a candidate who could take the presidency in October's election.
    7 days ago 26 Aug 14, 11:54am
  • Court scraps order to seize Kurd crude
    A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas.
    7 days ago 26 Aug 14, 8:00am
  • 'Big gas supply issue' coming this winter: Pro
    Trevor Sikorski, head of natural gas, coal and carbon at Energy Aspects, says Ukraine's gas reserves are low which could cause a supply issue for western Europe this winter.
    8 days ago 26 Aug 14, 3:15am
  • Indonesia protective of gas-rich islands
    Indonesia is growing protective of Natuna - a scattering of 157 mostly uninhabited islands - amid regional tensions in the South China Sea.
    8 days ago 25 Aug 14, 7:37pm
  • Lightning Round: Blackstone & more
    Cramer makes the call on viewer favorites.
    8 days ago 25 Aug 14, 7:06pm
  • Gartman reveals crude oil, nat gas plays
    WTI could fall even further, but natural gas looks attractive, commodities expert Dennis Gartman says.
    8 days ago 25 Aug 14, 6:58pm
  • Commodities tomorrow: Nat gas surges
    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Brent was up and WTI was down on the day, as headlines out of Libya spooked some traders.
    8 days ago 25 Aug 14, 4:00pm
  • Oil push-pulled by politics, supply risk
    Oil was mixed as ample supply and weak demand countered support from geopolitical tensions.
    8 days ago 25 Aug 14, 2:41pm
  • Russia & Ukraine: Tough talks coming
    Tuesday talks may look like a move toward a solution to the war in Ukraine, but experts aren't hopeful.
    8 days ago 25 Aug 14, 11:45am
  • Ukraine: Russian tanks enter southeast
    Russian tanks and armored vehicles crossed into Ukraine, away from the main battlefield, a Ukrainian official says.
    8 days ago 25 Aug 14, 7:47am
  • Gas prices continue to slide
    The average U.S. price of gas has dipped 4 cents per gallon in the past two weeks, and California prices have fallen 5 cents.
    8 days ago 25 Aug 14, 6:08am
  • Oil market 'well supplied' keeping prices low: Pro
    Eugen Weinberg, head of commodity research at Commerzbank, says oil prices have not risen significantly despite geopolitical tensions because the market is still "well supplied".
    9 days ago 25 Aug 14, 4:50am
  • Oil ends lower in 5-week losing streak
    U.S. oil ended a fifth consecutive week of losses, hit by supply glut fears.
    11 days ago 22 Aug 14, 2:49pm
  • China's nat gas demand to triple by 2040
    China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says
    11 days ago 22 Aug 14, 11:28am
  • Dynegy to buy Duke Energy assets
    Dynegy said it intends to issue about $5 billion in new bonds and $1.25 billion in equity and equity-linked securities.
    11 days ago 22 Aug 14, 9:41am
  • North Dakota's latest problem
    As regulators crack down on natural gas flaring in North Dakota, energy companies are scrambling to meet the rules.
    11 days ago 22 Aug 14, 8:00am
  • Gas priming economic pump
    On the supply side, lower gas prices has the same impact as a tax cut, says Michael Darda, MKM Partners chief economist.
    11 days ago 22 Aug 14, 7:46am
  • The man behind Linc Energy's comeback
    Peter Bond, CEO of Linc Energy, explains why he took over the resources firm when it was on the verge of bankruptcy. He also tells CNBC the reason behind the switch in market listing from Sydney to Singapore.
    12 days ago 22 Aug 14, 1:00am
  • Linc Energy: Singapore listing was a strategic
    Australian oil and gas producer Linc Energy said the firm does not regret switching its share market listing to Singapore.
    12 days ago 21 Aug 14, 6:45pm
  • 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.
    12 days 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.
    12 days 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.
    12 days ago 21 Aug 14, 7:53am

Africa Business Magazine

  • Can Continued Growth Be Expected for the East African Transmission and Distribution Industry?
    Frost & Sullivan’s analysis reveals that regional interconnections and oil discoveries should drive industry growth in the region   Africa has one of the fastest-growing economies in the world, and East Africa represents the second-fastest growing…
    10 hours ago 2 Sep 14, 6:21am
  • Fairtrade Delivering Change: Continued 15% growth in the market, more support and services for farmers and workers
    Shoppers continue to reach for FAIRTRADE Mark labelled products in ever growing numbers while Fairtrade’s offer to farmers and workers deepens, according to a new report out today by Fairtrade International.   The world’s leading ethical label h…
    11 hours ago 2 Sep 14, 6:12am
  • Battle for control of Nigeria’s aviation charter services
    Competition in Nigeria’s air charter services industry is set to intensify after Maple Aviation Logistics Limited ventured into the lucrative market. Only months after Nigeria rebased it gross domestic product (GDP) making it the largest economy in…
    11 hours ago 2 Sep 14, 5:37am
  • Africa’s top performing companies feted
    African companies that have demonstrated vision, innovation and game-changing strategies have been feted as top performers by Frost & Sullivan. During the Frost & Sullivan Best Practice Awards Programme, a total of 23 companies drawn from various sec…
    1 day ago 1 Sep 14, 11:11am
  • Zimbabwe facing challenges in controlling veld-fires:EMA
    Zimbabwe is facing challenges and not doing well to control veldfires resulting in the loss of at least 1 million hectares of forests on an annual,basis, according to Steady Kangata, Environmental Management Agency (EMA) Publicity and Education Manag…
    1 day ago 1 Sep 14, 10:54am
  • iWayAfrica Uganda launches high speed fibre access to SME customers
    Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its iWayAfrica Uganda business has launched its new fibre connectivity service in Uganda.   Ken Mwai, Managing Director, iWayAfrica Uganda, says that the demand…
    1 day ago 1 Sep 14, 10:13am
  • The African Union warns against any Unconstitutional Change of Government in Lesotho
    The AU expresses full support to SADC efforts to address the crisis ADDIS ABABA, Ethiopia, September 1, 2014/African Press Organization (APO)/ — The Chairperson of the Commission of the African Union (AU), Dr. Nkosazana Dlamini Zuma, is following w…
    1 day ago 1 Sep 14, 10:08am
  • Ghana’s Oil Production, Is It Economic Blessing?
    Ghana, the gold rich country and the world’s second largest producer of cocoa after Ivory Coast, became a commercial oil producer, when production begins in 2010 from the giant offshore Jubilee oilfield, with high expectations that it will transfor…
    3 days ago 30 Aug 14, 5:00pm
  • Media Barter & Media Barter - 1 banner on (section “Events” or/and (homepage). Advertising rates here or http://uae…
    3 days ago 30 Aug 14, 4:43pm
  • KENYA- AFRIWOOD Africa 2015
    Event Date: 02nd-04th May 2015 Sector: Wood, Woodworking Machinery and Tools. Contact: Joel Email:
    3 days ago 30 Aug 14, 4:34pm

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

Property - The Star

  • Second edition of Classic 105-CfC Stanbic homes expo on next week
    CfC Stanbic, Kenya’s sixth-largest bank by market share, will offer homes and car buyers special interest rates during the second edition of the Classic 105/CfC Stanbic Homes and Auto Expo. The lender will announce the special offers next week ahe…
    6 days ago 27 Aug 14, 5:00pm
  • Property awards slated for November
    DEVELOPERS wishing to participate in the East Africa Property Awards to be held in November, have been told to submit nominations for the event. According to EAPA, the award is aimed at celebrating the contributions of companies and individuals in t…
    7 days ago 26 Aug 14, 5:00pm
  • Demand for godowns up in mombasa
    THE Port city of Mombasa has recorded the highest demand ever in space for go-downs and warehouses, according to one of the region's top developers. Demand for both space for construction, buy-out and rental of godowns has surged in with developers…
    7 days ago 26 Aug 14, 5:00pm
  • Garden City installs mega solar project
    DEVELOPERS of Garden City Mall have said they will install large solar panels on its car park canopy with a target to produce 1,246,000 kilowatt of energy annually and cut service charge for tenants. The $250 million project along Thika Highway bein…
    7 days ago 26 Aug 14, 5:00pm
  • Retailers blame profit dents on fast rise in rental rates
    Players in the retail industry have blamed skyrocketing cost of rental spaces on their thinning profit lines. Speaking during a retailers' forum convened by Retail Trade Association of Kenya, Muchiri Wahome, Deacons Group CEO said they face uncertai…
    7 days ago 26 Aug 14, 5:00pm
  • Trans Nzoia to make own blocks for classroom construction
    The Trans Nzoia County government plans to purchase 25 machines for interlocking blocks to reduce the cost of building in schools. Governor Patrick Khaemba has said that each of the twenty five wards will get one interlocking machine. This means the…
    7 days ago 26 Aug 14, 5:00pm
  • US home sales hit seven-year high
    Existing home sales in the United States increased in July to their highest annual pace of the year, according to the latest report from the National Association of Realtors. Total existing home sales, which are completed transactions that include s…
    7 days ago 26 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…
    14 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…
    14 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…
    14 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…
    14 days ago 19 Aug 14, 5:00pm
  • 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…
    14 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…
    14 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…
    14 days ago 19 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…
    21 days ago 12 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…
    14 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…
    15 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…
    22 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…
    24 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…
    24 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…
    27 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…
    34 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…
    35 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…
    35 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…
    35 days ago 29 Jul 14, 6:34am

Kenyan Shilling Exchange Rate


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