One Stop for all Kenya News

Business Daily

  • Collapsed brokers to lose proceeds of NSE shares sale
    The Capital Markets Authority (CMA) says any initial public offering (IPO) cash accruing to Nyaga Stockbrokers and Discount Securities will be seized to settle claims against them estimated at hundreds of millions of shillings.
    7 hours ago 24 Jul 14, 5:00pm
  • Tuskys files fresh offer to acquire six Ukwala branches
    Tuskys Supermarkets has filed a fresh application to buy out six Ukwala stores, weeks after it was fined Sh5.3 million and ordered to terminate an earlier bid to acquire three Ukwala Supermarket stores.
    7 hours ago 24 Jul 14, 5:00pm
  • Parliament clears Sh15bn Safaricom security deal
    Parliament has cleared the multi-billion-shilling security surveillance contract that the government awarded telecoms operator Safaricom, removing a major hurdle from its path.
    7 hours ago 24 Jul 14, 5:00pm
  • KCB gets order to complete sale of Devani’s assets
    The High Court has allowed KCB to complete the ongoing sale of fugitive businessman Yagnesh Devani’s assets, stopping a bid by the run-away tycoon to freeze pending transfers at the lands registry.
    7 hours ago 24 Jul 14, 5:00pm
  • Traders protest slow upgrade of Upper Hill roads
    Traders have locked horns with the Kenya Urban Roads Authority (Kura) over the poor state of roads in Upper Hill, Nairobi’s hub for commercial offices.
    9 hours ago 24 Jul 14, 2:09pm
  • ICPSK starts monitoring how governors work
    The Institute of Certified Public Secretaries of Kenya (ICPSK) has added governors and county executives to a list of leaders it monitors yearly through an award.
    9 hours ago 24 Jul 14, 2:08pm
  • Counties plan to market own tourist attractions
    Tourism players are developing a legal framework to enable devolution of services to counties as part of the industry’s recovery plans.
    10 hours ago 24 Jul 14, 2:06pm
  • Value addition earns mango growers Sh52m
    More than 1,000 mango farmers in Embu have earned Sh52 million after adopting value addition technologies.
    10 hours ago 24 Jul 14, 2:04pm
  • Naivasha farmers receive milk coolers
    Farmers’ groups in Naivasha have received more than 20 milk cooling plants as part of measures that seek to reduce wastage and raise earnings from dairy products across the country.
    10 hours ago 24 Jul 14, 2:02pm
  • Governors push for biotechnology to raise food yields
    A number of Western Kenya governors are pushing for use of biotechnology and production of drought-resistant crops to boost food security.
    10 hours ago 24 Jul 14, 1:57pm
  • Family Bank issues new ATM cards
    Family Bank has stepped up its issuance of the new PIN and chip cards, in tandem with the banking industry’s ongoing migration to the new technology deemed to be more secure from hackers.
    10 hours ago 24 Jul 14, 1:54pm
  • Firms fight for City Hall ghost workers IT contract
    Seven Seas Technologies has moved to court to fight for a Sh211 million Nairobi County tender for installation of a data centre intended to among other things help to weed out ghost workers.
    10 hours ago 24 Jul 14, 1:46pm
  • Safaricom wins M-Pesa charges case
    The Competition Authority of Kenya (CAK) has declined to order a cut on fees charged for making mobile phone money transfers across different networks.
    10 hours ago 24 Jul 14, 1:41pm
  • Highlands water owner ventures into soda business
    Nyeri-based Highlands Mineral Water Company has diversified into production of soda, in what is set to raise competition in the industry currently dominated by Coca-Cola and PespiCo.
    10 hours ago 24 Jul 14, 1:34pm
  • KNH plans modern 300-bed hospital
    Kenyatta National Hospital plans to take on its private sector rivals in the race for high-end clients with a new 300-bed facility.
    11 hours ago 24 Jul 14, 1:00pm
  • Kenya steps up push for direct flights to US
    Kenya has stepped up its push for direct flight to the US, emboldened by ongoing facility upgrades at the Jomo Kenyatta International Airport.
    11 hours ago 24 Jul 14, 12:43pm
  • Revenue agency step to control spending illegal, MCAs tell court
    County assembly members have gone to court to challenge the decision by the Commission on Revenue Allocation (CRA) to control their budgets
    11 hours ago 24 Jul 14, 12:37pm
  • ARM executive Paunrana replaces Igathe as KAM board chairman
    Pradeep Paunrana, the chief executive of ARM Cement, has replaced Polycarp Igathe as chairman of the Kenya Association of Manufacturers (KAM) board.
    11 hours ago 24 Jul 14, 12:18pm
  • KenGen to start testing its wind power plant
    KenGen will start testing its upgraded wind plant in Ngong next month, paving the way for additional 20.4 megawatts of clean energy into the national grid by October. 
    11 hours ago 24 Jul 14, 12:17pm
  • Why this man is called Mr Rabbit
    Now he sits at the head of the table of Rabbit Republic Ltd, whose turnover is about Sh10 million.
    11 hours ago 24 Jul 14, 12:16pm
  • New study backs male circumcision
    Men who opt for circumcision are more likely to engage in responsible sexual behaviour than their uncircumcised counterparts, a new study shows.
    11 hours ago 24 Jul 14, 12:16pm
  • Nairobi matatu operators win cheaper parking rates
    Matatu operators in Nairobi got a major boost after the county government agreed to slash parking fees by up to 28 per cent from next month.
    11 hours ago 24 Jul 14, 12:15pm
  • Get a decorative rain chain for your garden
    These fancy chains are a beautiful and functional alternative to gutter spouts.
    11 hours ago 24 Jul 14, 12:14pm
  • Create an inviting hallway to your home
    This space is what sets the mood for visitors into your home so make sure it’s bright, uncluttered and welcoming.
    11 hours ago 24 Jul 14, 12:12pm
  • Speculators rush to buy land in Mombasa
    Property market in Mombasa has been hit hard by tourism’s collapse and the violence, triggering speculative buying especially of plots.
    12 hours ago 24 Jul 14, 12:05pm

CapitalFM Business

  • Youth unemployment a disaster, say regional leaders
    NAIROBI, Kenya, July 24 – Regional leaders attending the International Conference on the Great Lakes Region special summit have declared youth unemployment a disaster that would undermine and destabilise peace if not addressed. The leaders who sign…
    12 hours ago 24 Jul 14, 11:50am
  • KARA to educate public on security surveillance project
    NAIROBI, Kenya, July 24 – The Kenya Alliance of Resident Associations (KARA) in collaboration with Safaricom is rolling out a sensitisation programme on the government’s Integrated Public Safety Communication and Surveillance System. Through an i…
    12 hours ago 24 Jul 14, 11:29am
  • Nokia reports renaissance, shares jump
    HELSINKI, July 24 – Finnish telecom equipment group Nokia jumped back into profit in the second quarter, it reported on Thursday, boosted by restructuring after it lost its leading position in handsets and sold its phone division to Microsoft. The…
    14 hours ago 24 Jul 14, 9:39am
  • Caterpillar earnings edge higher on construction gains
    NEW YORK, July 24 – Industrial giant Caterpillar Thursday reported slightly higher quarterly profits as gains in its construction segment overcame continued declines in mining. Caterpillar, which sells machinery to a range of sectors including cons…
    14 hours ago 24 Jul 14, 9:33am
  • Walmart replaces chief of US division
    NEW YORK, July 24 – US retail giant Wal-Mart Stores Thursday announced it is replacing the head of its Walmart US division, which has had declining same-store sales in recent quarters. Greg Foran, 53, currently head of Walmart Asia, will lead the W…
    14 hours ago 24 Jul 14, 9:26am
  • 4pc drop in tourist arrivals from January-May
    NAIROBI, Kenya, July 24 – The tourism sector has recorded a four percent decline in international arrivals between January and May to 381,000 arrivals compared to 398, 000 posted over the same period last year. Kenya Tourism Board (KTB) Managing Di…
    14 hours ago 24 Jul 14, 9:25am
  • Samsung Galaxy K Zoom now available in Kenya
    NAIROBI, Kenya, July 24 – Samsung Electronics East Africa has added the Samsung Galaxy K Zoom to its portfolio of products in Kenya. This is a camera-specialised smartphone that blends advanced digital camera technology with the Samsung’s Galaxy…
    15 hours ago 24 Jul 14, 8:29am
  • Owning land is a good plot, but… #PropertyInsights
    Just like a owning a home, owning land creates a sense of pride to the owner. Though unlike a house, land has a lot of things to consider first before purchasing. If one buys a house most probably, it would be for living in, but this is different whe…
    16 hours ago 24 Jul 14, 7:46am
  • Paunrana elected new KAM chairman
    NAIROBI, Kenya, July 24 – Pradeep Paunrana has been elected the new chairman of Kenya Association of Manufacturers (KAM). Paunrana, who is also the CEO of Athi River Mining takes over from Polycarp Igathe who has been in the position for the last t…
    18 hours ago 24 Jul 14, 6:00am
  • Kisii County doubles revenue by automating collections
    Kisii County has doubled revenue within two months of implementing an automated revenue collection system. The system, dubbed ‘Umoja Pay’, is streamlining collections by integrating mobile payment systems enabling residents of the county to pay f…
    21 hours ago 24 Jul 14, 2:09am

Daily Nation Business

The EastAfricanBusiness

Business Today

  • Borrowers Win Big in New Loan Pricing System
    New Loan Pricing System NAIROBI, KenyaCommercial banks in Kenya will begin disclosing to loan applicants the components that make up the to…
    4 days ago 21 Jul 14, 8:12am
  • Unilever Launches Innovation Competition for Universities
    Idea Trophy Edition 3 Kicks Off Leading consumer goods manufacturer Unilever has launched the third edition of the Idea Trophy, an inter-univ…
    17 days ago 8 Jul 14, 8:59am
  • Fidelity Bank Signs Deal With Xpress Money
    Fidelity Bank Signs Deal With Xpress Money Fidelity Bank has signed a deal with Xpress Money Services, a UK based payment Institution, to offer money transfer services between Kenya and the re…
    17 days ago 8 Jul 14, 8:34am
  • Lumia Users Get Adobe Photoshop
    Adope Photoshop for Lumia Users The biggest name in the field of image editing Adobe Photoshop is now available on the Windows Phone. Windows phone consumers looking for a versatile and po…
    17 days ago 8 Jul 14, 8:17am
  • Ramadan Apps on Windows Phone and Nokia X Platforms
    Ramadan Apps on Nokia Phones Ramadan apps now available on Windows Phone and Nokia X platformsA range of new Ramadan relevant applications a…
    17 days ago 8 Jul 14, 8:03am
  • Major Digital Media Conference to be Held in Kenya
    Kenya Hosts Digital Media Boot Camp NAIROBI, Kenya Kenya is set to host the first digital media boot camp in Africa focusing on online technology. The boot camp to be held at USIU in Nairobi…
    17 days ago 8 Jul 14, 6:51am
  • GSK and Save the Children to Invest Sh500m in Healthcare in Bungoma
    Bungoma Gets a Shot From GSK Save the Children together with GSK has launched an ambitious maternal and newborn health programme in Kenya as…
    17 days ago 8 Jul 14, 6:46am
  • Kenya Airways Picks Insider as New CEO
    KQ Picks Insider to Replace Naikuni NAIROBI, Kenya Kenya Airways has a new chief executive. Mr Mbuvi Ngunze, who is the airline’s curre…
    31 days ago 24 Jun 14, 9:43am
  • KQ Introduces Live TV on its Planes
    KQ Introduces Live TV NAIROBI, KenyaNational Carrier Kenya Airways has revamped its inflight entertainment experience with the introduction…
    36 days ago 19 Jun 14, 7:11am
  • SMEs Going High Tech in Payroll and HR Management
    SMEs Go High Tech With HR Small and Media Enterprises and start-ups are increasingly adopting automated payroll and human resources (HR) solutions to improve productivity, streamline processes…
    38 days ago 17 Jun 14, 9:03am

The Star

  • NIC half-year profits up 9.3 %
    MID-TIER lender, NIC Bank Group, yesterday announced a 9.4 per cent growth in its half-year net profi to Sh2.04 billion compared to Sh1.87 billion a year earlier. Loans during the six-month period to June 30 rose by 9.6 per cent to Sh91.52 billion w…
    1 day ago 23 Jul 14, 5:00pm
  • Confusion mars banks' card migration
    BANKS are facing a hitch in distribution of new EMV cards with less than 50 per cent of clients of the 43 licenced banks yet to get their cards. Inquiries by the Star and complaints to the Consumer Federation of Kenya show that distribution of the m…
    1 day ago 23 Jul 14, 5:00pm
  • Only The Fittest Will Prosper Under New Banking Regulations
    Dr Charles Darwin, the proponent of the evolution theory came up with the principle of survival for the fittest. This principle presupposes that in the natural wild environment, the stronger species have higher chances to not only live longer but al…
    1 day ago 23 Jul 14, 5:00pm
  • Private sector urge state to fully implement Tourism law
    TOURISM players are frustrated by the slow implementation of the Tourism Act of 2011 saying it would address most of the problems currently facing the sector. Kenya Tourism Federation chairperson Lucy Karume said yesterday that the Act remains "larg…
    1 day ago 23 Jul 14, 5:00pm
  • Mining law delay may cost Kenya major investment
    Regulatory uncertainty, corruption and infrastructural deficiencies could cost Kenya billions of shillings in lost investment. Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader, believes that delays in passing the Mining Bill, and the resulting…
    1 day ago 23 Jul 14, 5:00pm
  • Britam partners with Rafiki to support youth
    BRITAM has partnered with Rafiki Microfinance Bank to provide funding and other services specifically targetting youth enterprise development in the country. The one-year partnership deal will also look into ways of improving insurance provision in…
    1 day ago 23 Jul 14, 5:00pm
  • Kenya still maintains lead as mobile banking goes global
    A recent survey by industry group GSMA has shown that the success of mobile banking in East and Southern Africa has led to increasing numbers among the world's 2.5 billion “unbanked” gaining access to the service. Thanks to the fast uptake in Ke…
    1 day ago 23 Jul 14, 5:00pm
  • NSE offers 2.5m shares to staff as sale starts today
    The Nairobi Securities Exchange has reserved 2.5 million shares for its employees in its Initial Public Offering that opens today, handing them a 1.18 per cent stake in the bourse. Another 63.5 million shares will be sold to the public, bringing the…
    1 day ago 23 Jul 14, 5:00pm
  • BATA to market goods online to push sales
    BATA, Kenya’s leading footwear manufacturer and retailer, has moved to sell its fashion products on Jumia Kenya online marketplace. The company said it has chosen to list products online in a move to reach a wider market and increase sales. “The…
    1 day ago 23 Jul 14, 5:00pm
  • Healthcare Brands Provide A Marketing Opportunity
    Healthcare on the African Continent is either in the hands of Government or a big business opportunity. Ironically some of the best healthcare provision falls in between those two camps, with semi-charitable organisations like the Aga Khan Foundatio…
    2 days ago 22 Jul 14, 5:00pm
  • Insecurity, travel warnings hurt Malindi businesses
    RETAIL chain Nakumatt's Malindi branch has reported low business with the management blaming this on travel advisories and insecurity concerns in the tourism resort. The branch manager Alfred Omwaka said their sales had dropped by more than 50 per c…
    2 days ago 22 Jul 14, 5:00pm
  • New railway project could break even after 20 years
    THE Kenya Railways Corporation will have to wait for at least 20 years before accruing any profits from the operations of the standard gauge railway if it is completed by 2023 as planned, a public forum was told yesterday. KRC engineer, Solomon Ouna…
    2 days ago 22 Jul 14, 5:00pm
  • Reuters selected to monitor shilling's trading
    BENCHMARKING of the Kenya shilling in international trade will be automated, Thomsom Reuters announced yesterday after clinching the deal. The business and professional news services agency said calculating the value of the shilling based on a "stat…
    2 days ago 22 Jul 14, 5:00pm
  • KPLC invests Sh350 million in private equity fund
    KENYA Power and Lighting Company pension fund has become the first since the 1990s to invest in private equity, putting in Sh350 million into new PE player, Ascent Capital. Ascent Capital, headed by former Centum executive David Owino, has raised a…
    2 days ago 22 Jul 14, 5:00pm
  • Safaricom touches 4-month low, closes at 11.95
    The Nairobi All Share shaved off 0.30 points to close at 150.77. The Nairobi NSE20 eased back 14.04 points to close at 4882.73 Equity Turnover clocked Sh1.014b in a high volume session. The 10-year Eurobond was quoted at 6.13% to 6.06% on a yield ba…
    2 days ago 22 Jul 14, 5:00pm

AllAfrica.com

  • Gambia: 'Economic Superpower Status By 2024'
    [Daily Observer]The president of the Republic has unveiled his plan to achieve an 'economic superpower status' for The Gambia in year 2024, four years after the Vision 2020 would have been achieved.
    14 hours ago 24 Jul 14, 9:31am
  • Zimbabwe: 3 000 'Prodigal' Teachers in Limbo
    [The Herald]About 3 000 qualified teachers who quit their jobs at the height of economic problems are still stranded after applying for re-employment in the civil service, teachers' unions said yesterday.This comes at a time when the Ministry of Prim…
    14 hours ago 24 Jul 14, 9:28am
  • Liberia: Margibi Provides $39k to Ebola Task Force
    [Heritage]The head of the Ebola Task Force in Margibi County has disclosed that authorities of the county have made available US$39,000 to help contain the disease in the county.
    14 hours ago 24 Jul 14, 9:19am
  • Algeria: Crisis Team Set Up After Plane Disappears
    [VOA]An Air Algeria flight carrying at least 116 people has disappeared during a trip from Burkina Faso's capital to Algiers.
    14 hours ago 24 Jul 14, 9:13am
  • Zimbabwe: A Disaster in the Making
    [Financial Gazette]ELSWHERE in the current edition of Financial Gazette, we carry the story about Zimbabwe's dwindling wheat production figures, which will this year hit an all-time low of about 10 000 tonnes. This is sad for a country grappling with…
    15 hours ago 24 Jul 14, 8:49am
  • Africa: Designing Effective MOOCs for Refugees
    [SciDev.Net]Oxford -There are many problems that need to be overcome before the full potential of online learning can be realised for refugees.
    15 hours ago 24 Jul 14, 8:43am
  • South Africa: How Ellerines and African Bank Misled a Customer Into Debt
    [GroundUp]"Making Life Easier For You" is Ellerines' promise to customers. But the high-profile furniture outlet has made life anything but easy for Patricia Qwase.
    16 hours ago 24 Jul 14, 8:01am
  • Ghana: Thousands Protest Against Cost of Living
    [CAJ News]Accra -Thousands of workers have heeded the call by Ghana's organised labour to protest against the worsening economic conditions in the country.
    16 hours ago 24 Jul 14, 7:29am
  • Uganda: Student Forced Into Porn Now Under Threat
    [RNW Africa]A Ugandan university student who was trafficked and forced to act in porn films vows to continue with the campaign against human trafficking in spite of threats.
    16 hours ago 24 Jul 14, 7:21am
  • Algeria: Air Algerie Flight Goes Missing
    [VOA]An Air Algerie flight has gone missing during a trip from Burkina Faso to Algiers. Spanish airline Swiftair said its plane, which was being operated by Air Algerie, did not arrive at its destination Thursday and that no contact with the aircraft…
    17 hours ago 24 Jul 14, 6:35am
  • Gambia: How Agriculture Has Evolved From 1994 to Date
    [Daily Observer]There can be no sustainable development without the attainment of food self-sufficiency, which undoubtedly makes agriculture a crucial component in the development endeavors of every nation. The recognition of this reality in combinat…
    17 hours ago 24 Jul 14, 6:28am
  • Gambia: 20 Years of Energy Sector Transformation
    [Daily Observer]20 years on, the country's energy sector still remains a high priority in the development agenda of the AFPRC/APRC administration, cognizant of the fact that no meaningful development is possible in the absence of a vibrant energy sec…
    17 hours ago 24 Jul 14, 6:26am
  • Liberia: Min. Konneh Briefs Donors On New Budget Projections
    [New Dawn]Finance Minister Amara Konneh says the Liberian government remains committed to addressing the needs of its people utilizing resources allocated for the next budget period.
    17 hours ago 24 Jul 14, 6:18am
  • Liberia: RIA to Hit Modern Standard Soon, New Airport Works Underway
    [FrontPageAfrica]Monrovia -The Roberts International Airport is the largest airport in Liberia and is one of the oldest airports, perhaps in Africa with its origin dating far back in 1942 when the United States signed a defense pact with the country,…
    18 hours ago 24 Jul 14, 5:53am
  • Kenya: Mining Law Delay May Cost Kenya Major Investment
    [The Star]Regulatory uncertainty, corruption and infrastructural deficiencies could cost Kenya billions of shillings in lost investment.
    18 hours ago 24 Jul 14, 5:38am
  • Nigeria: Drama As Ministry Staff Block Okonjo-Iweala Over Benefits
    [Daily Trust]The staff of the Ministry of Finance staged a protest barred yesterday from entering the premises of the ministry by protesting workers demanding for improvements in their benefits.
    18 hours ago 24 Jul 14, 5:32am
  • Nigeria: Jonathan Appoints Osita Chidoka Aviation Minister
    [Premium Times]President Goodluck Jonathan has named Osita Chidoka, the former Corps Marshall of the Federal Road Safety Corps, FRSC, as new Aviation Minister.
    18 hours ago 24 Jul 14, 5:32am
  • Nigeria: Job Creation - Presidency Frowns On Excessive Youth Dependence On Government
    [This Day]The Presidency has frowned on the increasing spate of unemployment in the country amongst youths, which it attributed mainly to over-dependence on government as the sole generator of employment opportunities.
    19 hours ago 24 Jul 14, 5:07am
  • Nigeria: FRSC to Enforce New Drivers' Licence, Number Plate Aug 1
    [Daily Trust]The Federal Road Safety Commission (FRSC) on Tuesday said it would begin enforcement of the new drivers' licence and number plate on Aug. 1.
    19 hours ago 24 Jul 14, 4:51am
  • Nigeria: Electricity - FG Plans New Sanctions for Bills Defaulters
    [Vanguard]The Federal Government, yesterday, vowed to mete out severe sanctions to perpetual defaulters in the payment of electricity bills.
    19 hours ago 24 Jul 14, 4:09am

How We Made it in Africa

N-Soko Property Show

Nsoko property show episode 37N-Soko property show March 16th, 2014 For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page ht...
19 Mar 14, 7:21am
Nsoko property show ep 34For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page http://www.facebook.com/NtvKenya.
23 Feb 14, 10:59am
NSoko Property show Episode 33For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page http://www.facebook.com/NtvKenya.
17 Feb 14, 6:19am
NSoko Property show Episode 32For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page http://www.facebook.com/NtvKenya.
9 Feb 14, 7:12am
The NSoko Property show Episode 31For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page http://www.facebook.com/NtvKenya.
2 Feb 14, 9:11am
The Nsoko properties show episode 30The Nsoko properties show episode 30 For more news visit http://www.ntv.co.ke Follow us on Twitter http://www.twitter.com/ntvkenya Like our FaceBook page htt...
26 Jan 14, 9:07am

CNBC Africa

  • US crude holds around $102
    U.S. crude held steady around $102 on Friday, but was on track for a weekly fall with weak demand and plentiful supplies.
    3 hours ago 24 Jul 14, 8:59pm
  • Commodities tomorrow: Gold drops on Chinese demand
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.
    8 hours ago 24 Jul 14, 4:00pm
  • Oil ends lower amid ample supply
    Oil fell on Thursday, as unseasonably weak demand and plentiful supplies of crude offset strong Chinese factory data.
    8 hours ago 24 Jul 14, 3:16pm
  • Ukrainian prime minister resigns
    The Ukrainian Prime Minister tendered his resignation on Thursday, after upbraiding fellow politicians.
    13 hours ago 24 Jul 14, 11:02am
  • EU to weigh tougher sanctions on Russia
    EU diplomats will weigh sweeping Russian sanctions on Thursday, according to a proposal seen by the Financial Times.
    21 hours ago 24 Jul 14, 2:20am
  • Commodities tomorrow: Traders give gold benefit of doubt
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Another volatile day for commodities, as oil was down on the day. Nat gas got hammered again today, down another 2 percent. And gold was down, as well.
    1 day ago 23 Jul 14, 4:00pm
  • Oil gains as stockpiles drop
    Oil rose after oil stockpiles in the United States fell more than expected.
    1 day ago 23 Jul 14, 2:37pm
  • How to invest in energy diversification
    Bruce Jenkyn-Jones, head of listed equities at Impax Asset Management, says geopolitical events have shown the need for energy diversification. He selects his top "green" picks.
    1 day ago 23 Jul 14, 11:45am
  • Russia may halt Ukraine food imports
    Russia may suspend all food imports from Ukraine because of Kiev's trade deal with the EU, state news agency RIA Novosti reports.
    2 days ago 23 Jul 14, 8:22am
  • UK and France in war of words over Russia
    The U.K. being accused of hypocrisy for attacking France over building Russia a warship while sending its own military supplies.
    2 days ago 23 Jul 14, 4:18am
  • Commodities tomorrow: Volatile day in the pits
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Volatile day for commodities as oil was down on the day. Traders continue to watch the Middle East
    2 days ago 22 Jul 14, 3:00pm
  • Oil dips, trading choppy on geopolitics
    Oil dipped in choppy trading as traders searched for direction amidst political tensions.
    2 days ago 22 Jul 14, 2:37pm
  • 'Solid balance in the oil market': Pro
    Neil Atkinson, head of analysis at Lloyd's List Intelligence, explains that oil demand is steadily rising, and says there is strong growth on the supply side to meet that demand.
    2 days ago 22 Jul 14, 11:45am
  • Cashin says: Oil higher after FAA ban
    CNBC's Bob Pisani and Art Cashin, of UBS, discuss easing tensions in Ukraine, the move in oil, and the rally higher in the S&P 500.
    2 days ago 22 Jul 14, 11:40am
  • Ukraine needs 'united' EU position: Foreign min
    Ukraine needs the EU to speak with one voice to stop the "continuous inflow of heavy weaponry" into Russia, says Pavlo Klimkin, Ukrainian foreign minister.
    3 days ago 22 Jul 14, 11:00am
  • Gas prices pump up June inflation
    Consumer prices rose in June as the cost of gasoline surged.
    3 days ago 22 Jul 14, 8:30am
  • US earnings: Watch energy, tech and financials
    Andrew Burkly, head of institutional portfolio strategy at Oppenheimer & Co., says the U.S. earnings season has been "really good" so far and discusses which sectors offer the best value.
    3 days ago 22 Jul 14, 5:00am
  • Who should lead the MH17 probe?
    Russia has called for the investigation into the downing of MH17 to be led by the "international community" and not Ukraine.
    3 days ago 21 Jul 14, 11:31pm
  • Commodities tomorrow: Gold a technically-driven trade
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on the day, while nat gas was down.
    3 days ago 21 Jul 14, 4:00pm
  • US crude ends over $104 on Ukraine woes
    Oil jumped on Monday, as geopolitical risks were thrust back into the spotlight.
    3 days ago 21 Jul 14, 2:36pm
  • Shale firms merge in Big Oil's shadow
    U.S. shale players are pursuing big deals. Will they wind up the same as Big Oil's disappointing mergers?
    3 days ago 21 Jul 14, 12:58pm
  • Obama presses Putin on MH17 probe
    President Obama called for Russia to make good on its claims of wanting an open investigation into the crash of the MH17.
    3 days ago 21 Jul 14, 11:45am
  • Putin using energy to blackmail Europe: Sen.
    Sen. Ron Johnson, (R-Wis.), explains why the U.S. needs to get tougher with Russian President Putin.
    4 days ago 21 Jul 14, 8:41am
  • Trader block: Energy and Oil
    Kathy Lien, BK Asset Management, explains why the only markets to be impacted by the current geopolitical tensions are the local markets. And Matt Smith, Schneider Electric energy analyst, discusses how global tensions are impacting crude oil prices.
    4 days ago 21 Jul 14, 7:46am
  • International debate over Ukraine plane crash site
    NBC's Jim Maceda reports anger is rising over the handling of the remains of Malaysia Airlines Flight MH17, and Russian President Putin appears unwilling to cut his ties with Ukrainian separatist.
    4 days ago 21 Jul 14, 6:04am
  • Oil price drop will be 'killer' for Russia: Pro
    John Westwood, chairman of Douglas Westwood, says that a big drop in the oil price would be a "killer" for Russia as it relies heavily on revenues from oil and gas exports.
    4 days ago 21 Jul 14, 3:45am
  • Crude languishes after early rally
    Oil fell as investors took some profits from the previous day's gains, even as tensions between Russia and the West remained high.
    6 days ago 18 Jul 14, 2:38pm
  • Germany's Merkel talks tough
    It's not clear that the German Chancellor is in a position to actually hit Russia where it would hurt: Its pocketbook.
    6 days ago 18 Jul 14, 2:30pm
  • Gov't doesn't find train safety too slick
    The Obama administration is rolling out a series of reforms such as lower speeds and thicker walls to improve rail safety.
    6 days ago 18 Jul 14, 1:48pm
  • Russia's energy grip
    The United States wants to turn up the heat on Russia, but doesn't want to risk Europe's oil supply, reports CNBC's Jackie DeAngelis.
    6 days ago 18 Jul 14, 1:15pm
  • Your best oil trade
    The "Fast Money" traders discuss the potential impact to oil as concerns continue to escalate between Ukraine and Russia.
    7 days ago 17 Jul 14, 5:30pm
  • MS moving forward on Rosneft deal: CFO
    Morgan Stanley CFO does not believe new sanctions on Rosneft will affect a pending deal between the two companies.
    7 days ago 17 Jul 14, 5:09pm
  • Commodities tomorrow: Gold jumps on jetliner crash
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day, as was gold, following the apparent shooting down of a Malaysian Airlines jet over Ukraine. Nat gas was down after the day's storage report number…
    7 days ago 17 Jul 14, 3:38pm
  • Crude rallies on renewed Russia fears
    U.S. crude oil jumped after a Malaysian airliner crashed over eastern Ukraine.
    7 days ago 17 Jul 14, 2:46pm
  • Toyota turns to fuel cell after hybrid
    Toyota is making a car with hydrogen fuel cells, a technology that runs on the energy from electrochemical reactions.
    7 days ago 17 Jul 14, 12:25pm
  • Natural gas sinks fast on 'polar vortex'
    What does cooler-than-expected weather mean for the futures market? Cheaper natural gas, for one thing.
    7 days ago 17 Jul 14, 11:57am
  • Sen Corker: 'Hallelujah' on new Russian sanctions
    Republican Sen. Bob Corker applauds President Obama's newly imposed sanctions on Russia for its role in destabilizing Ukraine.
    8 days ago 17 Jul 14, 9:29am
  • CNOOC eyes South China Sea gas plant
    CNOOC is looking at building a multi-billion-dollar floating liquefied natural gas vessel to produce gas from the South China Sea.
    8 days ago 16 Jul 14, 7:22pm
  • Cramer's play that mitigates oil volatility
    Looking to leverage the energy renaissance underway in the U.S., but worry about swings in commodity prices?
    8 days ago 16 Jul 14, 6:41pm
  • Commodities tomorrow: Gold gets a bump
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil climbed on the day, as crude inventories were down 7.2 million barrels.
    8 days ago 16 Jul 14, 4:00pm
  • Russia reaches out to Latin America
    Vladimir Putin swung through Latin America arranging energy deals—but that's not the only thing he hoped to achieve.
    8 days ago 16 Jul 14, 2:55pm
  • US oil gets a boost from stockpile data
    Oil gained sharply on Wednesday in the wake of a steep drop in stockpiles.
    8 days ago 16 Jul 14, 2:37pm
  • Tesla to compete with BMW with new car
    Tesla's new electric car to go on sale in 2017 and compete with BMW's 3 Series sedans.
    8 days ago 16 Jul 14, 12:49pm
  • Sunny side up: World's staggering solar plants
    Alternative sources of power are increasingly important. We take a look at some of the world's most striking solar installations.
    9 days ago 16 Jul 14, 1:09am
  • Texas judge upholds $3M fracking verdict
    A Texas judge upheld a $3 million verdict in favor of a family who claimed that oil and gas drilling near their land made them sick.
    9 days ago 15 Jul 14, 7:24pm
  • Commodities tomorrow: Oil under $100
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Yellen's testimony helped drive down gold on the day, as traders tried to interpret her remarks.
    9 days ago 15 Jul 14, 4:00pm
  • Oil losing geopolitical premium
    Global oil prices fell on reports of improving Libyan oil output and are now about 10 percent off the highs reached last month.
    9 days ago 15 Jul 14, 2:45pm
  • Crude crushed as supply fears ebb
    Brent crude slipped towards $106 a barrel on Tuesday, as worries over Middle East and North Africa tensions eased.
    9 days ago 15 Jul 14, 2:40pm
  • Paulson nets $360 million on Kodiak deal
    John Paulson's Paulson & Co. is one of the big winners from Whiting's purchase of Kodiak.
    9 days ago 15 Jul 14, 1:25pm
  • How to ride the energy bull run: Pro
    Up nearly 20 percent in the past five months, the energy sector still has room to run, Nili Gilbert says.
    9 days ago 15 Jul 14, 1:06pm

Africa Business Magazine

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

  • Where Cord has lost it in its referendum call
    With the unveiling of the panel of experts to work on the referendum questions by Cord, the issue now is what are we going to solve through the process.
    12 hours ago 24 Jul 14, 11:23am
  • The rise and fall of a Kenyan oligarch
    If you don’t study the past, you can only understand the present superficially.  And, when you ignore history, you will find it difficult to plan for the future.
    12 hours ago 24 Jul 14, 11:23am
  • Curb sugar dumping
    Trade in sugar remains one of the most lucrative businesses in East Africa because of the perennial deficit in production.
    12 hours ago 24 Jul 14, 11:16am
  • Dysfunctional judicial system needs overhaul
    Kenyan con artist and thief Ketan Somaia is now behind bars in the UK after he was convicted of bilking some Sh2 billion from his friends in “trust me deals”.
    12 hours ago 24 Jul 14, 11:16am
  • Banks will need Sh70 billion in new capital rules
    It seems more Kenyan banks will be in the market soon for additional capital.
    12 hours ago 24 Jul 14, 11:10am
  • How Internet has changed the game for famous brands
    If Coca-Cola was to lose all its production-related assets in a disaster, the company would survive.
    13 hours ago 24 Jul 14, 11:03am
  • NDEMO: How Nakuru town lost its famous shine
    Nakuru, the mighty economic and political epicentre of the expansive Rift Valley, is choking under garbage, which is smothering any signs of the town’s former sheen.
    2 days ago 23 Jul 14, 11:23am
  • NCPB needs urgent restructuring
    The National Cereals and Produce Board (NCPB) is scrambling to react to high prices far too late and with too little maize to do much good.
    2 days ago 23 Jul 14, 11:17am
  • We should tread very carefully on spying plan
    There is no doubt national security has become a major challenge especially in the last few years.
    2 days ago 23 Jul 14, 11:17am
  • My gripe with conference facilities and services that underwhelm
    For the last several years, I have spent a good proportion of my time in a variety of good hotels and lodges, sometimes in Nairobi, often around Lake Naivasha, sometimes at the Coast or overlooking Mt Kenya, or in the middle of a game park.
    2 days ago 23 Jul 14, 11:14am
  • Fast-food boom in Kenya double-edged sword
    The fast-food revolution has made its debut in Kenya. Few well-known chains dot major streets in key cities, eyeing the rising free spend among the growing middle class.
    2 days ago 23 Jul 14, 10:48am
  • World Bank reform plans don't go far enough
    There will always be a need for a World Bank, which celebrates a birthday of sorts Tuesday. But there is no need for one with more than 10,000 employees.
    3 days ago 22 Jul 14, 5:39am
  • Kenyans seeking fortune should not fear going abroad
    We can learn crucial lessons from media mogul’s bid to purchase Time Warner.
    3 days ago 22 Jul 14, 3:21am
  • Doctrine of legitimising insurgency
    Since insurgency affects more than the target country, one of the international norms is to agree to live and let live.
    3 days ago 21 Jul 14, 12:19pm
  • Review NCPB grain warehousing scheme
    Official data shows farmers have not embraced the warehouse receipting system (WRS) despite its potential merits. Six years since its launch, the scheme has handled a paltry 2.4 per cent of the total bags of maize marketed in the country over the per…
    3 days ago 21 Jul 14, 12:10pm
  • Let the courts resolve NSSF sackings row
    All is not well at the National Social Security Fund (NSSF). Although it cannot pass as one of the best run funds in the country, it has a good potential.
    3 days ago 21 Jul 14, 12:09pm
  • US donation of airport security equipment timely
    It was a welcome relief recently after the government received modern security equipment that would help airport officials detect explosives and compounds used to manufacture them.
    5 days ago 20 Jul 14, 10:09am
  • Banks should increase support for agriculture
    Banks may not have taken kindly to the accusation that brought them under the spotlight, but the Central Bank of Kenya governor was spot on when he accused financial institutions of shunning the agricultural sector. Coming from the boss of the countr…
    5 days ago 20 Jul 14, 10:08am
  • Population alone not to blame for joblessness
    Due to the size of the continent, and different degrees of urbanisation and shifts in economic activities, it is very difficult to generalise.
    5 days ago 20 Jul 14, 10:05am
  • Is there hope for businesses from county legislation?
    Increase in the cost of doing business in counties has become a cliché for the manufacturers  and the sector is looking forward to a solution to the issue with bated breath. There is light at the end of the tunnel from the Model County Revenue Legi…
    5 days ago 20 Jul 14, 10:02am
  • Why we need Africa-based Aids drug manufacturers
    Africa’s fight against the HIV/Aids pandemic in past two decades has been long and costly.
    8 days ago 17 Jul 14, 10:41am
  • Transport plan requires political will
    I have not seen the details of the deal between the Nairobi County government and Chinese company Foton regarding modernisation of the city’s transport system.
    8 days ago 17 Jul 14, 10:41am
  • Imparting skills noble
    Anybody who has ever taken a loan without a concrete plan how the money will best be used swiftly rues the day they appended their signature to that binding loan document.
    8 days ago 17 Jul 14, 10:37am
  • Let us think carefully before launching city bus system
    Nairobi has not had a credible mass transit system since the collapse of the old Kenya Bus Services (KBS) over a decade ago.
    8 days ago 17 Jul 14, 10:36am
  • Why local firms may not issue dollar bonds soon
    Last month, Kenya successfully issued a well-received $2 billion bond, its first in the international debt market.
    8 days ago 17 Jul 14, 10:32am

Property - The Star

  • What to know about design and financing of shopping mall developments
    The number of shopping mall projects in Kenya has been increasing over the last 15 years as demand for retail space grows across major towns. Nairobi alone boasts of numerous mall such as The Junction Mall on Ngong Road, Galleria Mall on Namanga Roa…
    2 days ago 22 Jul 14, 5:00pm
  • Shortage of high quality properties to Spoil party for real estate investment trusts
    Retail investors must wait for “three to five” years to start enjoying returns from real estate, a sector widely considered lucrative to channel one's hard earned cash into. While Real Estate Investment Trusts regulations have laid ground from s…
    2 days ago 22 Jul 14, 5:00pm
  • Decor firm to spend Sh17m on artisan training
    An interior design company has said it will train 10,000 artisans on interior finish over the next 24 months at a cost of Sh17 million. Classic Mouldings said this will create a pool of highly skilled artisans who can apply decorative paint, use nat…
    2 days ago 22 Jul 14, 5:00pm
  • Nakuru sand ban raises building costs
    Builders in Nakuru town and its outskirts are faced with tough times ahead as sand prices soar following a ban on harvesting. The National Environment Management Authority halted sand harvesting within Rhonda Ng'ambo quarries due to degradation and…
    2 days ago 22 Jul 14, 5:00pm
  • Trans Nzoia county eyes land swap with state agencies in Kitale
    Trans Nzoia county has requested the national government to consent to a land swap proposal that would see the prison and forest cede some acreage to spur property development. Governor Patrick Khaemba said yesterday that Kitale town is presently co…
    2 days ago 22 Jul 14, 5:00pm
  • Firm sees cement demand rising across East Africa
    Cement-maker Athi River Mining is betting on the booming construction sector to further grow sales, managing director Pradeep Paunrana said Thursday. ARM, listed at the Nairobi Securities Exchange, said cement prices are unlikely to reduce from the…
    2 days ago 22 Jul 14, 5:00pm
  • HF plans subsidiaries, D-REITs to build up non-interest income
    Housing Finance will set up at least two more subsidiaries in the impending restructuring of the mortgage lender once it gets approvals from market regulators. It is seeking to form a non-trading holding company for the banking division which is lis…
    2 days ago 22 Jul 14, 5:00pm
  • Taxman doubles property tax collection to Sh2.1bn
    The taxman has doubled collections from property developers and landlords in the fiscal year ended June 30, as efforts targeting the sector's tax avoidance yield result. The Kenya Revenue Authority yesterday said it has collected Sh2.1 billion from…
    9 days ago 15 Jul 14, 5:00pm
  • StarTimes to put up office in karen
    StarTimes Media will build a Sh6.9 billion office block in Nairobi to house its various businesses as it seeks to maximise returns from investments in the country. It broke ground on Monday on a five-acre piece of land in Nairobi's Karen suburb. The…
    9 days ago 15 Jul 14, 5:00pm
  • Nairobi drops 30 slots in global cost of living survey
    Nairobi has slid 30 positions this year in a global ranking of cost of living for expatriates by UK-based advisory firm Mercer. In the survey released last Thursday, Nairobi has moved closer to the top band of most expensive cities for expatriates g…
    9 days ago 15 Jul 14, 5:00pm
  • Today's surveyor has moved from being purely technical to leader and manager
    Professionals, academics and businesspersons involved in land matters worldwide met in Kuala Lumpur, Malaysia, in the third week of June for the 25th FIG (International Federation of Surveyors) Congress. The overall theme of the conference was ‘En…
    9 days ago 15 Jul 14, 5:00pm
  • Alexander forbes to build estate for retirement fund members
    Alexander Forbes has broken ground for its first real estate development, a Sh2.6 billion housing project in Kitengela dubbed Riverine Estate. The fund managers' project, which is financed through its retirement fund, comprises 211 maisonettes and a…
    9 days ago 15 Jul 14, 5:00pm
  • Land scarcity in Nairobi seen slowing REITs debut
    It may take longer before Real Estate Investment Trusts can debut at the Nairobi Securities Exchange owing to scarcity of land and high property prices, an investment banker has cautioned. CfC Stanlib's chief investment officer Kenneth Kaniu said st…
    9 days ago 15 Jul 14, 5:00pm
  • Trans Nzoia to speed up title deeds
    Trans Nzoia governor Patrick Khaemba has said land owners without title deeds will be facilitated to acquire the documents to spur real estate development. Lack of title deeds, he said, has been a hurdle to wooing investors to the county. Trans Nzoi…
    9 days ago 15 Jul 14, 5:00pm
  • KAA locks in Sh15 million rent income, targets quality service with 'Airport City'
    The Kenya Airports Authority estimates to collect at least Sh15 million in monthly rents from retail outlets that will be leased space at the new passenger terminal at the JKIA. Ben Mogambi, KAA's general manager for marketing and business developme…
    16 days ago 8 Jul 14, 5:00pm

CEO Magazine

  • MTN Uganda marathon proceeds changing lives in Karamoja
    By Oliver Nabukeera Following the recent hand over of the MTN Kampala Marathon 2013 proceeds worth Ushs 400 million to the Water Aid Uganda Project, residents of  Nakapiripirit district in the Karamoja sub region can now enjoy safe and clean water.…
    17 hours ago 24 Jul 14, 6:15am
  • Focus on Agriculture and Education will drive sustainable development
    By Silvia Nyambura The Institute for Certified Public Accountants (ICPAU) has opened its 2nd annual economic forum under the theme ‘Promoting sustainable growth and Development through Agriculture and Education.’ The forum which will be held from…
    2 days ago 23 Jul 14, 11:28am
  • Uganda’s progress towards Universal energy access slow but promising
    By Silvia Nyambura As Uganda moves towards digitizing most of its systems in a bid to improve service delivery, access to modern energy will become critical. Services such as E-commerce, E-health, E-banking to mention but a few will require sustainab…
    3 days ago 22 Jul 14, 8:07am
  • Delivery of excellent Customer Service key to building a successful business.
    By Oliver Nabukeera Most players in the services industry will tell you one of the key components for running a successful business is the delivery of excellent customer service. Unlike other business products whose satisfaction is derived and signif…
    4 days ago 21 Jul 14, 11:03am
  • National Housing and Construction Company to boost affordable housing with USD 9 million loan.
    By Silvia Nyambura Uganda’s National Housing and Construction Company (NHCC) has signed a loan agreement worth USD 9 million with Pan – African urban housing financier institution Shelter Afrique. This money is expected to go towards better suppl…
    4 days ago 21 Jul 14, 9:50am
  • UTL rewards whistle blower
    By Silvia Nyambura Uganda Telecom’s (UTL ) whistle blower campaign launched in May 2014 with the aim of curbing theft of fibre cables has finally borne fruit. Rashid Aiko a private security guard was in the week ending Friday 18th July 2014 awarded…
    4 days ago 21 Jul 14, 9:08am
  • Sasakawa Africa Association promoting food production in Uganda.
    By Silvia Nyambura Between the year 2010 and 2050, the global demand for food is expected to increase by 60 percent. In Sub Sahara Africa alone, the demand for food is recorded at 178 percent compared to India’s 89 percent and China’s 31 percent.…
    11 days ago 14 Jul 14, 7:46am
  • Kenya airways refutes increased fare claims.
    By Oliver Nabukeera Regional Airline operator Kenya Airways has denied claims that it has increased fares on its Entebbe Nairobi route following suspension of operations of 3 airlines by the Civil Aviation Authority of Uganda. The airlines which incl…
    15 days ago 9 Jul 14, 12:17pm
  • RVR pays up USD 70 million investment debt
    By Oliver Nabukeera Regional rail operator Rift Valley Railways (RVR) has paid up USD 69.6 million as the last installment of the USD 164 million debt sourced from various leading global and East African financiers in 2011. The debt was part of the t…
    16 days ago 9 Jul 14, 11:00am
  • Vivo Energy commissions new storage tanks.
    By Oliver Nabukeera As the Ministry of Energy waits to implement an emergency petroleum supply plan, private sector players are taking steps to invest in the same. Shell licensee Vivo Energy Uganda has commissioned two storage tanks with a ten millio…
    18 days ago 7 Jul 14, 10:33am

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