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CapitalFM Business

  • Mobile app to educate Kenyans on their health
    NAIROBI, Kenya, Jan 30 – Kenyans are set to be linked to a new mobile and web health information application tool to enable them access material to enhance their health. The app dubbed iAfya Health Information provided by Avallain Limited aims at s…
    1 day ago 30 Jan 15, 9:38am
  • The new Candy Crush? Chinese language apps make learning a game
    Philipp Mattheis knew his gaming app was addictive when he realised he kept checking his phone – hooked by the brightly-coloured reminders telling him to play again or risk falling from the triple-figure level he had reached. Yet gripping the Germa…
    1 day ago 30 Jan 15, 8:38am
  • US police confront Google over ‘cop-tracking’ app
    A Google traffic app that allows users to tag the location of police has come under fire from US law enforcement for allegedly endangering officers’ lives. But supporters of Waze say police are simply uncomfortable being monitored by the public.Wit…
    1 day ago 30 Jan 15, 8:34am
  • Kinuthia did Uhuru’s painting to George W. Bush
    NAIROBI, Kenya, Jan 30 – When President Uhuru Kenyatta toured the United States in August last year, he presented a special gift to former US President George W. Bush to appreciate his effort in combating HIV/Aids in Africa during his tenure. The g…
    1 day ago 30 Jan 15, 4:41am
  • DHL Express Sub Saharan Africa wins record awards in 2014
    NAIROBI, Kenya, Jan 30 – DHL Express, the world’s leading international express services provider, has won a record number of external awards for its business in Sub Saharan Africa in 2014 – almost triple that of 2013 – demonstrating the succ…
    1 day ago 30 Jan 15, 2:51am
  • Maize flour prices must come down – Koskei
    NAIROBI, Kenya, Jan 29 – The government will be forced to regulate the cost of maize flour if millers fail to reduce prices following a drop in energy and fuel costs in the country. This is according to Agriculture Cabinet Secretary Felix Koskei wh…
    2 days ago 29 Jan 15, 9:39am
  • New NHIF rates to be gazetted next week
    NAIROBI, Kenya, Jan 29 – Workers will soon begin paying the new National Hospital Insurance Fund monthly contributions as they will be gazetted next week. Deputy President William Ruto says the rates will be gazetted after an agreement with NHIF, F…
    2 days ago 29 Jan 15, 9:27am
  • Facebook rides mobile to strong profit gains
    Facebook on Wednesday reported that its quarterly profit jumped 33.8 percent from last year to $696 million as ad revenue and membership grew at the leading social network. The California-based Internet titan said that revenue in the final quarter of…
    2 days ago 29 Jan 15, 5:53am
  • Chinese company limits US drone use after White House crash
    A Chinese drone maker which created the small quadcopter that recently crashed on White House grounds said Wednesday it is updating its drones to prohibit flight over the US capital. The Shenzhen-based company DJI announced a software update for its…
    2 days ago 29 Jan 15, 3:41am
  • 7 reasons why you should install solar panels in your home #PropertyInsights
    In this economy, the cost of living continues to go up. We do what we can to save a save a shilling here and there. Cutting the cost of our utility bills would go a long way in reducing the cost of living. Here’s a thought, why not try solar panels…
    2 days ago 29 Jan 15, 2:29am

N-Soko Property Show

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Daily Nation Business

The EastAfricanBusiness

Business Today

  • Renault returns to Kenya with three new cars
    Local car distributor Simba Corporation in partnership with Portugal’s Salvador Caetano have announced a comeback for Renault which has been off the Kenyan market for a decade. Under the Simba Caetano Formula, the two partners have launched thr…
    1 day ago 30 Jan 15, 8:36am
  • Renault returns to Kenya after decade hiatus
    Renault Fluence is now available in KenyaWhen Simba Corporation took over Renault vehicles franchise from DT Dobie mid last year, many tongues were left wagging over what to expect from the French carmaker which had exited the market followin…
    1 day ago 30 Jan 15, 7:56am
  • Carmaker Renault announces comeback to Kenyan market with three new models
    Renault Fluence is now available in KenyaWhen Simba Corporation took over Renault vehicles franchise from DT Dobie mid last year, many tongues were left wagging over what to expect from the French carmaker which had exited the market followi…
    1 day ago 30 Jan 15, 7:56am
  • Two Diaspora SACCOs launched in Qatar
    The SACCO movement in Kenya is ranked first in Africa and seventh best globally Industrialization and Enterprise Development Cabinet Secretary Adan Mohamed has launched two Savings and Credit Cooperative Societies (SACCOs) in Qatar to help…
    1 day ago 30 Jan 15, 7:09am
  • KCB launches “Inua Jamii” Card to aid social protection scheme
    KCB Kenya MD Samuel Makome (left) takes President Uhuru Kenyatta through the Biometric System for the Inua Jamii cash transfer programmeKenya Commercial Bank (KCB) has signed a deal with the government to facilitate the launch of a new card…
    2 days ago 29 Jan 15, 9:03am
  • Kenya Airways starts direct flights to Vietnam
    Kenya Airways CEO Mbuvi NgunzeNational carrier Kenya Airways is set to become the first airline to have a direct link between Africa and Vietnam when it commences flights to Hanoi in March this year.The flights will benefit from Hanoi’s po…
    2 days ago 29 Jan 15, 8:40am
  • Leather City to integrate SMEs
    CS Adan Mohammed is in Turkey to woo leather investorsKinanie Industrial Leather City will house Small and Medium Enterprises (SMEs), cabinet secretary for industrialization and enterprise development Adan Mohamed has said.The city which wi…
    2 days ago 29 Jan 15, 8:23am
  • MasterCard, African Development Bank partnership to benefit unbanked Africans
    AfDB President, Dr Donald KaberukaFinancial inclusion in all countries across Africa has been long overdue. Less than one adult out of four in the continent do not have bank accounts and this has ripped them off the benefits that account hold…
    2 days ago 29 Jan 15, 8:00am
  • Government urged to intervene to control surging cost of housing
    The government needs to look at the underlying bottlenecks in the lands sector if the country is to meet the escalating demand for houses, which is expected to soar this year.Speaking during the release of the fourth quarter property price indice…
    2 days ago 29 Jan 15, 6:04am
  • Kenya sends strong delegation to woo Turkish leather investors
    Just a week after the government announced plans to build a Ksh17million tannery in Athi River, a strong delegation is currently in Turkey to woo investors to the sector deemed crucial to helping the country tame the swelling rates of unemployment…
    3 days ago 28 Jan 15, 8:14am

The Star

  • Demand has pushed up apartment rents – Hass
    HIGH demand for posh apartments by Kenya’s growing middle class saw rents increase by 2.4 per cent in the final quarter of 2014, the Hass Property Index shows. It indicates the average property rents increased by 9.8 per cent in 2014, with the ask…
    11 hours ago 30 Jan 15, 11:00pm
  • Mumias is best performing stock in January
    The Nairobi All Share closed the week 0.57 points better to close at 165.80. The All Share is +1.786% in January. The Nairobi NSE20 Index regained the 5,200 level to close 17.90 points better at 5,212.11. The NSE20 is +1.94% in January and this is t…
    11 hours ago 30 Jan 15, 11:00pm
  • Mumias to get government bailout of Sh500m – CS Koskei
    THE government will inject Sh500 million to bail out cash-strapped Mumias Sugar, Felix Koskei the Agriculture Cabinet Secretary has said. The cash is meant to help turn around struggling Mumias, which accounts for close to a third of Kenya’s annua…
    11 hours ago 30 Jan 15, 11:00pm
  • Uchumi to open 12 new stores
    Kenya's Uchumi Supermarkets plans to open a dozen new branches across East Africa this year to capture the growing number of middle class spenders in the region, its chief executive officer said on Friday. Consumer demand is a motor of Africa's econ…
    11 hours ago 30 Jan 15, 11:00pm
  • Digital Migration, How We Got Here
    Speaking before a seven-man bench at the Supreme Court earlier this week, lawyer Paul Muite representing a consortium of media houses, sought more time for his client to comply with TV digital migration rules. Muite, holding brief for Africa Digital…
    11 hours ago 30 Jan 15, 11:00pm
  • Inflation rate at lowest level since June 2013
    THE cost of living eased for the fifth consecutive month as the country’s inflation rate dropped to 5.53 per cent in January – the lowest recorded over the last 18 months. Falling global price of fuel caused a ripple effect in other sectors of t…
    11 hours ago 30 Jan 15, 11:00pm
  • KCB to manage social welfare card for poor
    Vulnerable persons on the governments Sh29 billion social welfare scheme will access their monthly stipend through a cashless programme. The programme dubbed 'Inua Jamii Card' will be rolled out by Kenya Commercial Bank on behalf of the government.…
    1 day ago 30 Jan 15, 1:30am
  • Higher NHIF fee deductions finally get employers’ nod
    New mandatory state health insurance contributions will be gazetted next week, Deputy President William Ruto has said, implying that deduction of the enhanced rates from employees’ payslips could begin in February or March. Ruto said the Federatio…
    1 day ago 30 Jan 15, 1:30am
  • Tourism sector job cuts rise as Kenya loses out to Zanzibar
    An estimated 21,000 jobs were lost at the Coast last year, while tourism sector earnings may have fallen by as much as 85 per cent, according to companies in the industry. The sector’s misfortunes worsened after the September 2013 terrorist attack…
    1 day ago 30 Jan 15, 1:30am
  • Tullow scales down Lokichar oil search
    TULLOW Oil said yesterday it has scaled down its exploration and appraisal activities in the oil-rich Lokichar Basin of Turkana county as it gears up for the development phase. The British oil company that jointly operates blocks 10BB, 13T and 10BA…
    1 day ago 30 Jan 15, 1:30am
  • KQ starts direct flights to Vietnam
    Kenya Airways has introduced direct flight to Hanoi in Vietnam three times a week using the Boeing 787 Dreamliner. This makes it the first in Africa to connect Africa to Vietnam directly. “Vietnam has shown a considerable and stable economic growt…
    1 day ago 30 Jan 15, 1:30am
  • Indian solar firm picks Kenya as Africa hub
    ORB Energy, an Indian-based solar power firm plans to expand its local distribution after securing a Sh183.1 million ($2 million) equity investment from Netherlands Development Finance Company. Orb, which entered Kenya early 2014 with a branch in la…
    1 day ago 30 Jan 15, 1:30am
  • Second phase of digital switch kicks off on Monday
    RADIO Africa Group's Bamba TV network is expanding into more towns including Mombasa as the second phase of digital migration kicks off on Monday covering 14 more regions. Bamba TV which requires subscribers to pay a one off fee of Sh3,299 to watch…
    1 day ago 30 Jan 15, 1:30am
  • State urged to lower value added tax rate
    Economists, hoteliers and manufacturers are seeking a reduction in Value Added Tax. In a pre-budget sector forum organised by the Instiute of Economic Affairs yesterday, Kenya Association of Hotel Keepers and Caterers said the industry is currently…
    2 days ago 29 Jan 15, 2:00am
  • Lobby demands refund of Sh1.6 billion in Mwalimu Sacco deal
    COOPERATIVE Alliance of Kenya wants Equatorial Commercial Bank to refund the Sh1.6 billion paid by Mwalimu Sacco for a 51 per cent stake in the deal now under probe. In a letter to the Ministry of Industrialisation and Enterprise Development Cabinet…
    2 days ago 29 Jan 15, 2:00am

  • Zimbabwe: Chinese Cement Deal in Limbo
    [Zimbabwe Independent]PLANS to set up a cement-making factory in Zvishavane by the Chinese have hit a snag after it emerged that the mining rights in the area belong to Shabanie Mashaba Mines (Pvt) Ltd.
    2 hours ago 31 Jan 15, 7:44am
  • Zimbabwe: Mpofu in Gold Mine Wrangle
    [Zimbabwe Independent]TRANSPORT minister Obert Mpofu is embroiled in a wrangle involving a gold mine in Gwanda in Matabeleland South in which he is accused of reneging on an agreement to pay off an outstanding balance of over half a million dollars f…
    3 hours ago 31 Jan 15, 7:31am
  • Zimbabwe: Delta Reduces Prices
    [The Herald]Delta Beverages, the bottling partner for Coca-Cola in Zimbabwe, has announced reductions in recommended retail price for some of its popular packs as the firm takes advantage of the recently introduced bond coins.The bond coins made chan…
    3 hours ago 31 Jan 15, 7:26am
  • Zimbabwe: No Joy for Zim As Revenues Shrink
    [Zimbabwe Independent]THE cash-strapped but extravagant Zimbabwean government, which is operating on a hand-to-mouth basis, is facing a tough 2015 as its revenue base is expected to continue dwindling due to the liquidity crunch currently gripping th…
    3 hours ago 31 Jan 15, 7:26am
  • Zimbabwe: Chivi to Host Zim-Asset Conference
    [The Herald]Government officials will join investors from various sectors of the economy at a one-day conference in Chivi next month to identify and work on projects that can be undertaken in the district under the Zimbabwe Agenda for Sustainable Soc…
    3 hours ago 31 Jan 15, 6:56am
  • Zimbabwe: Zibawu Engages Parliament to Stem the Rot in the Banking Sector
    [Zimbabwe Independent]A UNION representing banking workers, the Zimbabwe Banks and Allied Workers Union (Zibawu), will soon present a dossier to parliament as part of its efforts to stem the rot in the banking sector.
    3 hours ago 31 Jan 15, 6:54am
  • Zambia: ERB Reduce Fuel Prices Again
    [Zambia Reports]The Energy Regulation Board (ERB) has effective midnight tonight Friday, 30th January announced a Low Sulphur Gasoil price reduction.
    3 hours ago 31 Jan 15, 6:52am
  • Zimbabwe: Govt Introduces Penalty On Raw Hides Export
    [The Herald]Government has imposed a penalty on the export of raw hides to encourage value addition and beneficiation, a Government official has said.
    3 hours ago 31 Jan 15, 6:49am
  • Zambia: How Stanchart Is Stealing From the Poor
    [Zambia Reports]ActionAid has published a report in which it details a strategy by Standard Chartered Bank to avoid paying taxes in many poor nations thereby depriving a lot of people in the said countries including Zambia.
    4 hours ago 31 Jan 15, 6:35am
  • Zimbabwe: Royal Bank Creditors Accuse Top Management
    [Zimbabwe Independent]ROYAL Bank of Zimbabwe (Royal) creditors are pushing for a forensic investigation targeting the beleaguered bank's CEO Jeffrey Mzwimbi, top executives and other directors amid allegations the financial institution's top brass fl…
    4 hours ago 31 Jan 15, 6:35am

How We Made it in Africa

CNBC Africa

  • Crude settles up 8% at $48.24
    Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.
    19 hours ago 30 Jan 15, 3:30pm
  • 'Halftime' trader all in on oil
    "Halftime Report" trader Joe Terranova is adding another energy company to his portfolio.
    19 hours ago 30 Jan 15, 2:58pm
  • Why you should buy energy stocks
    Investors should capitalize on cheap energy stocks before it's too late, according to one expert.
    22 hours ago 30 Jan 15, 12:04pm
  • Where will oil bottom out?
    Neil Atkinson, head of analysis at Lloyd's List Intelligence, says that there is not enough oil demand growth, which will lead to a continued surplus of supply for the first half of 2015.
    23 hours ago 30 Jan 15, 11:35am
  • Talking Technical: Oil and FX
    Lynnden Brannigan, head of technical strategy at Barclays, discusses currencies and oil movements.
    23 hours ago 30 Jan 15, 11:30am
  • OPEC oil supply rises in January
    Key members of OPEC are refusing to prop up oil prices, a Reuters survey shows, as its oil output increased this month.
    1 day ago 30 Jan 15, 10:09am
  • Senate approves Keystone, testing Obama
    Despite a veto threat, the Senate has approved the Keystone XL Pipeline bill. The New York Times reports.
    1 day ago 30 Jan 15, 9:19am
  • Sanctions on Russia are 'economic war'
    As the EU extends the economic penalties against Russia, the head of one of Russia's largest banks told CNBC that sanctions were akin to "economic war."
    1 day ago 30 Jan 15, 8:50am
  • Chevron earnings top expectations
    Chevron reported fourth-quarter earnings and revenue that beat analysts' expectations on Friday.
    1 day ago 30 Jan 15, 8:42am
  • This is when oil M&A will start
    Valuations for energy companies may not have fallen far enough to spark dealmaking, two analysts tell CNBC.
    1 day ago 30 Jan 15, 7:51am
  • Commodities tomorrow: Crude hits 6-year low
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil hit 6-year lows today but ended the day up slightly. Nat gas and gold were both down on the day.
    2 days ago 29 Jan 15, 4:00pm
  • US crude turns positive
    West Texas Intermediate fell below $44 after data showed additions to already record-high U.S. oil inventories.
    2 days ago 29 Jan 15, 2:32pm
  • How hedge funds play the oil slide
    Hedge funds in both the U.S. and abroad are grabbing at investment opportunities in a distressed energy sector.
    2 days ago 29 Jan 15, 1:21pm
  • Sasol delays expansion on oil glut
    Sasol delayed its $14 billion expansion in Louisiana amid falling oil prices, the New York Times reports.
    2 days ago 29 Jan 15, 11:48am
  • Oil energy's coming 'death spirals'
    An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.
    2 days ago 29 Jan 15, 11:44am
  • ConocoPhillips reports 4Q loss
    ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.
    2 days ago 29 Jan 15, 10:31am
  • DOW CEO: Low oil stimulus working
    Our portfolio is built to handle volatility, says Andrew Liveris, Dow Chemical CEO, talking through his company's quarterly results and the impact of low oil prices on the company's bottom line.
    2 days ago 29 Jan 15, 7:06am
  • Commodities tomorrow: Oil under $45
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The fact that crude settled under $45, traders say, means that it will likely fall even further.
    3 days ago 28 Jan 15, 4:00pm
  • Oil falls as US crude stocks at record
    The latest increase added to the previous week's build of over 10 million barrels, which was the biggest in 14 years.
    3 days ago 28 Jan 15, 2:18pm
  • Goldman cuts outlook for whole commodity sector
    After countless oil price downgrades, analysts at Goldman Sachs have cut their outlook for commodities.
    3 days ago 28 Jan 15, 12:16pm
  • Fed rates hike a ‘tough call’
    The Fed faces a tough decision on whether or not to raise rates because of several factors, one analyst says.
    3 days ago 28 Jan 15, 12:03pm
  • Hess reports 4Q loss
    Hess Corp. on Wednesday reported a fourth-quarter loss of $8 million, after reporting a profit in the same period a year earlier.
    3 days ago 28 Jan 15, 11:26am
  • AEP misses 4Q Street forecasts
    American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.
    3 days ago 28 Jan 15, 11:02am
  • McCain: Obama delusional on Iran
    Returning from Saudi Arabia, Sen. John McCain tells CNBC he's most concerned about the threat posed by Iran.
    3 days ago 28 Jan 15, 9:28am
  • Crude oil bottom seen at $40: Survey
    Wall Streeters in CNBC's Fed survey forecast that WTI crude's slide hasn't hit bottom.
    3 days ago 28 Jan 15, 9:16am
  • 5 ways to play energy stocks
    Energy stocks eventually will go back up unless the global economy collapses. But don't overthink your basis for a rebound bet.
    3 days ago 28 Jan 15, 7:46am
  • FCC warns against Wi-Fi-blocking
    The FCC issued a warning to hotels and other entities about blocking Wi-Fi access, saying it could lead to fines.
    3 days ago 28 Jan 15, 7:30am
  • Commodities tomorrow: Good day today
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was actually up on the day as the dollar was down. Nat gas was up on the day, as well, and gold was also positive today.
    4 days ago 27 Jan 15, 4:00pm
  • Why the chaos in Yemen matters
    The political turmoil in Yemen may seem a peripheral issue, but it has global implications spanning energy and security.
    4 days ago 27 Jan 15, 3:30pm
  • Oil rises on weaker dollar
    Oil rose more than 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency.
    4 days ago 27 Jan 15, 2:36pm
  • Saudi Shift in Foreign Role
    Prince Mohammed embodies Saudi Arabia's shift to a more assertive foreign policy, propping up allies and dismantling foes.
    4 days ago 27 Jan 15, 11:11am
  • Goldman's Cohn: Oil could go to $30
    Goldman Sachs COO Gary Cohn tells CNBC why oil could go even lower.
    4 days ago 27 Jan 15, 10:36am
  • Obama to propose Atlantic drilling
    The Obama administration will announce Tuesday a proposal to start drilling in Atlantic Coast waters.
    4 days ago 27 Jan 15, 9:07am
  • The new shale frontier?
    As top U.S. officials head to Saudi Arabia, CNBC's Hadley Gamble reports on Saudi Aramco and whether Saudi Arabia will be the "new frontier in shale production."
    4 days ago 27 Jan 15, 5:40am
  • Water way to power villages
    An innovative 'mobile' hydro plant could help connect off grid communities around the world. How?
    4 days ago 27 Jan 15, 4:54am
  • Could Russia see another 'junk' downgrade?
    Luis Costa, head of CEEMEA FX and rates strategy at Citi, says that if oil continues to stay at low levels, it would be a "negative catalyst" for Russia's economy.
    4 days ago 27 Jan 15, 4:40am
  • UK economy slows: Reaction
    Adam Chester, head of UK macroeconomics at Lloyds Bank, shares his thoughts on the latest GDP, data for the UK.
    4 days ago 27 Jan 15, 4:30am
  • Live: Blizzard forces NYC to shut down
    A potentially historic winter storm brought Northeast to a standstill early Tuesday, although the forecasts appeared to have been scaled back.
    4 days ago 27 Jan 15, 2:25am
  • Commodities tomorrow: Dollar pressures oil
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar put downward pressure on oil, and nat gas was down even with the winter temperatures dropping.
    5 days ago 26 Jan 15, 4:00pm
  • Oil lower ahead of Northeast storm
    U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast.
    5 days ago 26 Jan 15, 2:34pm
  • Cheap fuel offsets airlines' losses
    Unlike last winter's serial storm snarls, most airline carriers will more than make up for those losses thanks to lower fuel prices.
    5 days ago 26 Jan 15, 1:30pm
  • How to trade the blizzard
    The blizzard bearing down on the East Coast will likely help energy and public utility firms, if the past is any guide.
    5 days ago 26 Jan 15, 11:59am
  • US gas price near bottom: Survey
    U.S. gas prices might hit bottom soon after falling to their lowest levels since April 2009, according to a survey.
    5 days ago 26 Jan 15, 8:38am
  • Wilbur Ross's oil prediction
    Near term it could get "messy," says Wilbur Ross, WL Ross & Company chairman & CEO, sharing his outlook on oil.
    5 days ago 26 Jan 15, 8:36am
  • Euro under pressure as crude collapses
    Carl Larry, Frost & Sullivan and Nicolas Bennenbroek, Wells Fargo provide an outlook on oil as OPEC falls apart and the euro weakens
    5 days ago 26 Jan 15, 7:41am
  • Obama heads to Saudi Arabia
    U.S. President Barack Obama will visit Saudi Arabia on Tuesday to meet its new King Salman after the death of his predecessor Abdullah on Friday.
    7 days ago 24 Jan 15, 6:38am
  • Can’t keep drilling at $45 oil: Pickens
    Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.
    8 days ago 23 Jan 15, 3:55pm
  • Russian struggles hit home in Miami
    Russian business owners in the United States feel pressure from the ruble's collapse and the country's ongoing downturn.
    8 days ago 23 Jan 15, 3:26pm
  • Buy this sector to play cheap gas
    Recent economic data show restaurants and bars are already benefiting from lower gas prices.
    8 days ago 23 Jan 15, 2:38pm
  • Oil patch layoffs a drop in bucket
    Lower crude prices are forcing layoffs, but the numbers are small compared to overall job growth.
    8 days ago 23 Jan 15, 2:35pm

Africa Business Magazine

  • ASUS Launches Classy 7 inch HD Memo Pad 7 Tablet
    ASUS, Saudi based company, has lately announced the launch of brand new MeMO Pad 7 (ME572C/CL), a 7-inch Android 4.4 (KitKat) tablet featuring a Full HD IPS display,64-bit quad-core Intel Atom Z3560 processor (up to 1.83GHz), and optional 4G LTE conn…
    12 days ago 19 Jan 15, 1:07pm
  • MENA Deploys Infinera Intelligent Transport Network for Multi-Terabit Capacity in Egypt
    Infinera (NASDAQ: INFN) provides Intelligent Transport Networks for network operators, enabling reliable, easy to operate, high-capacity optical networks. Infinera leverages its unique large scale photonic integrated circuits to deliver innovative op…
    12 days ago 19 Jan 15, 1:00pm
  • Angolan Venture Capital Fund FACRA to organise investment forum in Luanda
    The event “FACRA Day” aims to guide entrepreneurs and enterprises to develop and expand their businesses successfully. Luanda-Angola, 19th of January 2015: The Angolan Venture Capital Fund (FACRA) created by the Government of Angola will host a b…
    12 days ago 19 Jan 15, 12:41pm
  • Security in Africa: Structural challenges are reaching crisis point
    The latest report from Think Security Africa ( is the organisation’s fifth annual review on security in Africa. It assesses changes in Africa’s security situation between 2013 and 2014 in three main categories:…
    12 days ago 19 Jan 15, 12:18pm
  • Personal Decisions Can Truly Make a Change in Climate Change
    Energy consumption is an ongoing issue we face as a society. It readily makes itself known in all facets of our lives from general use, such as lighting and basic electrical use to oversized companies and drilling rigs. While these are large componen…
    12 days ago 19 Jan 15, 11:45am
  • Africa Outlook 2015 – Presentations
    Interesting reading and note today IMF release the January 2015 Update for Sub Saharan, Source:
    12 days ago 19 Jan 15, 11:25am
  • Leading African and global mining executives and investors announced for the 2015 Investing in African Mining Indaba™
    The 2015 Investing in African Mining Indaba (  taking place on 9 – 12 February 2015 in Cape Town South Africa will feature an array of globally recognised econo…
    15 days ago 16 Jan 15, 2:56pm
  • Hollard extends its global reach into West Africa
    IVM Intersurer (“IVM”), which holds a significant investment in Hollard Insurance, has extended its global reach into West Africa following the acquisition of a majority stake in The Metropolitan Insurance Company (Met Insurance) in Ghana. IVM an…
    15 days ago 16 Jan 15, 2:42pm
  • Nomanini takes Africa by storm thanks to Google Cloud Platform
    Nomanini, a Cape Town-based mobile point of sale service that specialises in facilitating cash payments in emerging markets, has successfully scaled into six countries across Africa in just four years, using Google’s Cloud Platform. It currently pr…
    15 days ago 16 Jan 15, 2:39pm
  • SWIFT announces expansion plans to support vibrant business growth in sub-Saharan Africa
    Following steady growth across the continent, SWIFT will open offices in West and East Africa to ensure closer collaboration with its customers and the SWIFT community SWIFT will open two new offices in 2015 – in Accra, Ghana and Nairobi, Kenya –…
    15 days ago 16 Jan 15, 2:29pm

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

Property - The Star

  • HF adds five branches to mark 50 years
    Housing Finance has opened five new branches in Nairobi, Kitengela and Naivasha in a brick and mortar expansion that has taken the tally of its outlets to 18 countrywide. In Nairobi, the new branches are stumped at the city’s main entrances – Mo…
    4 days ago 27 Jan 15, 4:00pm
  • Town gets First hardware superstore
    Kitale town now has a supermarket dedicated especially to the building and construction sector, the first of its kind in Trans Nzoia county. Suam Supermarket is selling a variety of building materials, enabling builders to access all they need liter…
    4 days ago 27 Jan 15, 4:00pm
  • ERC to enforce solar water heating rules on sites
    OWNERS of new commercial and residential buildings risk jail and penalties from the Energy Regulatory Commission starting this week for not installing solar-water heating panels. Solar Water Heating Regulations 2012 require property developers and h…
    4 days ago 27 Jan 15, 4:00pm
  • Nairobi's affluence thrust to new heights as Le’ Mac takes shape

    4 days ago 27 Jan 15, 4:00pm
  • Apartments sprout in affluent neighbourhoods
    Landowners in leafy Nairobi suburbs are taking down stand-alone houses and replacing them with higher density apartments targeted at the luxury market. According to Daniel Ojijo, Villa Care chief executive, affluent Kenyans and expatriates are the m…
    10 days ago 21 Jan 15, 1:30am
  • Demand for home loans jumps in Eurozone, property bubble fears rekindled
    One in four banks across the Eurozone saw a rise in home loan demand towards the end of last year and almost as many expect the trend to continue, a survey by the European Central Bank showed yesterday. As consumers bet on rising house prices and ba…
    10 days ago 21 Jan 15, 1:30am
  • HF cash call price discounted
    Kenya’s largest residential mortgage lender Housing Finance has priced its new shares at Sh30 each, in a rights issue that will see it raise Sh3.5 billion in fresh capital. The pricing is heavily discounted from yesterday’s closing of Sh48.50 pe…
    10 days ago 21 Jan 15, 1:30am
  • Protect your home with insurance
    Home ownership is almost always a costly exercise, and insurance is often seen as an unnecessary expense. This leaves property owners vulnerable when misfortune strikes. However, insurance would give peace of mind, shielding owners from financial di…
    10 days ago 21 Jan 15, 1:30am
  • Luxury rents slow down to single-digit increases
    Rents for residential properties in Nairobi’s affluent neighbourhoods increased at a much slower pace in the year-to-September, signalling a cooling down in the hitherto red-hot market niche. Knight Frank’s Prime Global Rental Index for third qu…
    10 days ago 21 Jan 15, 1:30am
  • Tall towers raise Africa’s horizons
    Following the recent announcement to build Africa’s tallest skyscraper in Morocco’s largest city, Casablanca, global property portal Lamudi takes a closer look at the continent’s top 10 sky-high towers. Construction of Al Noor Tower is set to…
    10 days ago 21 Jan 15, 1:30am
  • Shelter Afrique to start offering advisory to homebuilders
    Shelter Afrique will start offering advisory services to landlords and developers as part of efforts to curb the rising cases of tumbling buildings, it told the Star. The pan-African housing financier said it will roll out the services in the course…
    10 days ago 21 Jan 15, 1:30am
  • The best time to buy or sell a house
    The New Year is here; it’s time to make resolutions. Those considering a move – and therefore selling or buying a house – will be asking when it is best to enter or exit the property market. It can be a particularly daunting decision for peopl…
    17 days ago 14 Jan 15, 1:30am
  • Cement production rises as construction thrives
    Production of cement, a key construction material, surged past half a million tonnes last July as 11-month tally surpassed full-year figures for the previous two years, latest data show. A total of 500,428 tonnes were manufactured in the month, push…
    17 days ago 14 Jan 15, 1:30am
  • Firm in Sh500m fibre drive as home demand grows
    IT services provider AccessKenya Group has budgeted Sh500 million for laying down a fibre network countrywide in 2015, which will see more commercial buildings connected to its Internet services. AccessKenya has so far linked 780 commercial building…
    17 days ago 14 Jan 15, 1:30am
  • KCB licensed as third Reits trustee by markets regulator
    The Capital Markets Authority has licensed KCB Group as a real estate investment trustee, the third after Housing Finance and Co-operative Bank. CMA said this is in preparation for roll out of Reits schemes, which will enable rental properties to be…
    17 days ago 14 Jan 15, 1:30am

CEO Magazine

  • Vivo Energy Uganda to import cleaner low sulphur diesel
    By Our Reporter Vivo Energy Uganda, has become the first oil marketer in the country to import Low Sulphur Fuel Diesel (LSFD) with 50 parts per million (ppm) sulphur content. This is as part of the amendments made by the East African Community on the…
    2 days ago 29 Jan 15, 8:40am
  • Africa CEO Forum set for March
    By Our Reporter Over 800 leading decision-makers from Africa and all over the world will be attending the 2015 edition of the Africa CEO forum. The annual event which is set for the 16th and 17th of March in Geneva aims at bringing together business…
    4 days ago 27 Jan 15, 1:57am
  • Emirates tops global customer review study
    By Our Reporter Emirates airline has been ranked as the Best Airline in 2014, according to an annual study by eDreams, one of the largest e-commerce travel companies in Europe. The annual study of best airlines consisted of over 90,000 customer revie…
    8 days ago 23 Jan 15, 5:30am
  • AfDB and MasterCard to Broaden Financial Inclusion in Africa
    By Our Reporter The African Development Bank (AfDB) and MasterCard have announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in…
    9 days ago 22 Jan 15, 8:51am
  • NSSF Uganda half year profits up as assets increase to Ushs 4.9 trillion
    By Our Reporter The National Social Security Fund (NSSF) has recorded a 23 percent increase in operating profit for half year ending 31st December, 2014 compared to the same period in 2013. This according to the latest transparency statement has been…
    9 days ago 22 Jan 15, 6:22am
  • Airtel Opens Shop in Mityana
    By Our Reporter Airtel Uganda today opened a new premium customer care center in Mityana Town. The function which was presided over by Waswa Kikaawa, the Mayor of Mityana town, was attended by officials from Airtel Uganda, representatives from Mityan…
    15 days ago 16 Jan 15, 4:26am
  • DHL tips Businesses on how to weather fast changing global economy in 2015
    By Our Reporter Successful companies in 2015 will be those that can adapt to the fast changing global environment, such as unstable currency markets, the fast growing global population and rising number of internet users, and make them work in their…
    16 days ago 15 Jan 15, 9:14am
  • UCC announces ACIA awards 2015
    By Our Reporter The Uganda Communications Commission (UCC) has called for entries to this year’s Annual Communications and Innovations Awards (ACIA). The awards which are in their 5th edition will be held in May 2015. According to UCC Executive Dir…
    16 days ago 15 Jan 15, 6:21am
  • Executive Watch: Scanad, Airtel, MAAD Advertising change management
    By Our Reporter Name: Nachiket Sant Position: Country Manager Company: Scanad Uganda Nachiket Sant has been with the Scanad Uganda office since 2012 as the Business Head and was instrumental in the success of brands like Airtel, Roofings, Hima Cement…
    17 days ago 14 Jan 15, 8:56am
  • Ugandan to Co-Chair World Economic Forum
    By Our Reporter The Executive Director Oxfam International, United Kingdom and Ugandan born Winnie Byanyima will be one of 6 Co-Chairs at the 45th World Economic Forum. She will be Co-Chairing the event alongside Hari S. Bhartia, Co-Chairman and Foun…
    17 days ago 14 Jan 15, 7:12am

Kenyan Shilling Exchange Rate


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