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CapitalFM Business

  • EADB to receive Sh3.5bn to fund regional projects
    NAIROBI, Kenya Oct 21 – The East African Development Bank (EADB) is set to receive a Line of Credit (LoC) of Sh3.5 billion from the African Development Bank (AfDB) to assist in the long-term financing of projects in the East African region. The AfD…
    5 hours ago 21 Oct 14, 9:58am
  • Safaricom retains top taxpayer’s position
    NAIROBI, Kenya, Oct 21 – Safaricom has for the seventh year in a row emerged the nation’s largest taxpayer in the 2013/2014 financial year. In this year’s recognition of top taxpayers by the Kenya Revenue Authority (KRA), Safaricom was followed…
    5 hours ago 21 Oct 14, 9:48am
  • Coke income falls in Q3, hit by slow economies, forex
    NEW YORK, October 21- Soft drinks king Coca-Cola made headway in global volume sales in its third quarter but net earnings fell sharply, hit by slower economic growth and volatile currencies. Coke reported Tuesday a slight fall in total operating re…
    5 hours ago 21 Oct 14, 9:35am
  • Emirates to grow Africa operations by 40pc in coming decade
    DUBAI, Oct 21 – Emirates is placing a strategic focus on Africa in the coming decade by increasing operations by over 40 percent, says Tim Clark, President of Emirates Airline. Speaking at the Africa Global Business Forum held in Dubai, Clark said…
    7 hours ago 21 Oct 14, 7:21am
  • Lufthansa pilots extend strike to long haul services
    FRANKFURT, October 21- Lufthansa pilots, on strike since Monday, extended their industrial action to include long haul flights on Tuesday, grounding almost all inbound and outbound services at Germany’s usually busy Frankfurt airport. In the ninth…
    8 hours ago 21 Oct 14, 6:15am
  • Hong Kong shares end slightly higher
    HONG KONG, October 21- Hong Kong shares ended marginally higher Tuesday following a positive lead from Wall Street and despite data showing that China’s economy grew at the slowest rate since the global financial crisis. The Hang Seng Index edged…
    8 hours ago 21 Oct 14, 6:12am
  • Totally atypical: De Margerie not your average oil executive
    PARIS, France, Oct 21 – Christophe de Margerie had a penchant for cracking a joke, which with his bushy moustache and stout form made him come across more as someone’s favourite uncle than the oil executive who fiercely led the often controversia…
    9 hours ago 21 Oct 14, 5:01am
  • Apple reports $8.5 bn profit, revenue jumps to $42.1 bn
    Apple said Monday its quarterly profit rose 13 percent to $8.5 billion, as revenues jumped to $42.1 billion on strong iPhone sales. The California tech giant’s stronger-than-expected results were helped by selling more than 39 million iPhones in th…
    10 hours ago 21 Oct 14, 4:57am
  • Dufry awarded Duty Free concession pact at JKIA
    NAIROBI, Kenya, Oct 21 – The Kenya Airports Authority (KAA) and Dufry have signed a concession agreement for development and management of Duty Free retail services under a single master license at Jomo Kenyatta International Airport. The agreement…
    10 hours ago 21 Oct 14, 4:18am
  • India’s Modi moves to reform problem plagued coal industry
    NEW DELHI, October 21- India’s government has pledged to open up the coal mining industry to private players in the energy starved country as Prime Minister Narendra Modi unleashes promised reforms to revive the ailing economy. Modi’s right wing…
    11 hours ago 21 Oct 14, 3:51am

N-Soko Property Show

N-Soko Property show episode 67N Soko Property show - Capital Gains Tax For more news visit Follow us on Twitter Like our FaceBook page
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N-Soko Property Show episode 66N-Soko Property Show episode 66 For more news visit Follow us on Twitter Like our FaceBook page http://w...
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37 days ago 14 Sep 14, 4:58pm
N-Soko Property Show Episode 62For more news visit Follow us on Twitter Like our FaceBook page
44 days ago 7 Sep 14, 11:38am

Daily Nation Business

  • Wealthy Kenyans push number of registered planes to 1,268
    The number of registered aircraft in Kenya grew by 32 per cent in the past five years to 1,268 in a show of growing affluence by the elite who are driving up demand for air travel.
    3 hours ago 21 Oct 14, 12:00pm
  • RMA Motors defends Twitter gaffe
    The Chief Executive of RMA Motors has defended its response on Twitter to a high-profile client who complained on Twitter.
    4 hours ago 21 Oct 14, 10:24am
  • Safaricom named best taxpayer in Kenya for the seventh year
    TSC emerged second best followed by the Interior ministry, according to the ranking by the Kenya Revenue Authority.
    6 hours ago 21 Oct 14, 8:41am
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The EastAfricanBusiness

Business Today

The Star

  • Family firms seek ways to ease succession headache
    LACK of proper succession plans is one the biggest threats to family businesses worldwide even though Kenya scores highly compared to the global average on this aspect. A survey by PricewaterhouseCoopers shows that most family businesses have no opt…
    12 hours ago 21 Oct 14, 3:00am
  • Tea farmers threaten to uproot crop over poor pay
    TEA production in Nandi could drop drastically after small-scale farmers threatened to uproot the crop on their farms due to falling prices. Bonus earnings will decline to the lowest levels of sh8 per kilo of tea this year. Farmers say earnings from…
    12 hours ago 21 Oct 14, 3:00am
  • Infrastructure bond raises domestic borrowing above Sh100 billion
    DOMESTIC borrowing by the government through the Nairobi Securities Exchange will hit Sh100 billion if the Sh15 billion infrastructure bond that closes today is fully subscribed. Data from the NSE show that the Treasury, through its fiscal agent the…
    12 hours ago 21 Oct 14, 3:00am
  • Jamii Bora bank to launch new system
    JAMII Bora is expected to start issuance of new EMV cards to its customers following a delay caused by installation of a new system which goes live today. In a statement, the bank said the Sh250 million upgrade of its core banking system that starte…
    12 hours ago 21 Oct 14, 3:00am
  • Auditors to be vetted by state agency under proposed law
    THE works of auditing firms including the office of the director general would soon be put under scrutiny of a proposed public oversight body. The Capital Markets Authority and the Institute of Certified Public Accountants of Kenya are jointly worki…
    12 hours ago 21 Oct 14, 3:00am
  • Little space sends up freight charges
    THE cost of freight via the sea rose by 45 per cent last year due to few vessels plying on the East African coast routes, a logistics industry report shows. The East African logistics performance survey 2014 findings indicate the average cost for ex…
    12 hours ago 21 Oct 14, 3:00am
  • Counties given Sh1.4 billion to boost dairy farming
    NINE counties are set to benefit from Sh1.4 billion funding from government and donors to boost dairy farming in these regions. The programme will cover more than 600,000 farmers in the selected counties which are Uasin Gishu, Bomet, Bungoma, Kakame…
    12 hours ago 21 Oct 14, 3:00am
  • EAC states get Sh3.5 billion from AfDB for projects
    THE East African Community has received a $40 million (Sh3.55 billion) credit facility which the financier – the African Development Bank - said will be used for a pipeline of projects covering various economic sectors. AfDB board said the 10 year…
    12 hours ago 21 Oct 14, 3:00am
  • Kenya Power to enjoy monopoly for longer period
    THE government has ruled out opening up of power distribution to competition in the foreseeable future, citing higher costs, even as the national grid capacity is projected to more than tripple in the next three years. That will leave Kenya Power to…
    2 days ago 19 Oct 14, 5:00pm
  • Ebola severity lies in speed of infections
    It is difficult to avoid the Ebola virus especially since the cases in the US magnified the issue. Many folks dismiss concerns by comparing the optics of influenza numbers versus the Ebola numbers and dismiss Ebola as just a blip on the global radar…
    2 days ago 19 Oct 14, 5:00pm
  • Farmers threaten to discard maize crop over low prices
    MAIZE imports from neighbouring countries especially Uganda have flooded markets in North Rift and West Kenya regions causing an outcry from farmers over falling prices of the commodity. The price for a 90-kilo bag of maize has dropped to as low as…
    2 days ago 19 Oct 14, 5:00pm
  • KRA to improve tax compliance in Rift Valley region
    KENYA Revenue Authority has raised concerns over low tax compliance in Rift Valley. KRA deputy commissioner in-charge of the region Florence Otori said there is still resistance among athletes and some traders on payment of various taxes. “Like in…
    2 days ago 19 Oct 14, 5:00pm
  • New milk plant to revive dairy sector in the Coast region
    MILK farmers at the Coast are set to benefit from a new processing plant with a capacity to produce up to 10,000 litres daily. The milk factory - Pwani Fresh Milk- has been set up in Kilifi and invested in a Sh3.4 million chilling plant in Taita Tav…
    2 days ago 19 Oct 14, 5:00pm
  • Bank of Africa opens a business center to enhance services
    Bank of Africa Kenya has launched a business center at the Sameer Business Park bringing the total number of its branches to 34 . The bank said the business center will offer multiple services like transactions, trade finance, loans and advances add…
    2 days ago 19 Oct 14, 5:00pm
  • CIC expects Uganda, Malawi licences in November
    CIC Insurance has said it expects to get licences to operate in Uganda and Malawi by the end of next month. Chief executive Nelson Kuria said the company has set aside Sh1.3 billion from its successful Sh5 billion bond issue to boost its regional ex…
    2 days ago 19 Oct 14, 5:00pm

How We Made it in Africa

CNBC Africa

  • Halliburton profit beats
    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.
    1 day ago 20 Oct 14, 10:27am
  • Oil prices falling on weak market: Pro
    Stephen Schork, "The Schork Report" editor says oil prices may be approaching a bottom of the market.
    1 day ago 20 Oct 14, 6:34am
  • Oil price fall more than a coincidence?
    The recent drop in oil prices could be due to more than just lower demand, according to some analysts, who suggest the U.S. could be deliberately manipulating the market.
    1 day ago 20 Oct 14, 5:35am
  • Parliament support crucial for Indonesian reforms
    Raden Pardede, Vice Chairman, National Economic Committee, says the fuel subsidy reform must happen this year before the parliament removes their support next year.
    2 days ago 19 Oct 14, 10:10pm
  • Why Jokowi must cut fuel subsidies this year
    Fauzi Ichsan, Indonesia Managing Director of Standard Chartered, says a fuel subsidy reduction is the only way to slash the fiscal deficit. He says fuel prices may rise by 45 percent.
    2 days ago 19 Oct 14, 8:15pm
  • Oil's decline is a bad thing? Nonsense!
    One of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad, says Larry Kudlow.
    4 days ago 17 Oct 14, 9:41pm
  • Oil will bottom at $75, trader says
    U.S. crude closed higher Friday but was still down on the week. Some pros expect the slide to continue.
    4 days ago 17 Oct 14, 4:33pm
  • Why Venezuela is desperate
    Despite its oil revenues, Venezuela's economic and fiscal situations are in free fall. Learn why here.
    4 days ago 17 Oct 14, 2:07pm
  • Oil moves overdone: Pro
    Discussing the move in oil, with Jack Bouroudjian, Index Financial Partners; Kenny Polcari, O'Neil Securities; and Bob Iaccino, Tethy's Partners.
    4 days ago 17 Oct 14, 1:23pm
  • Russia, Ukraine reach gas deal: Putin
    Russia and Ukraine agreed to a deal for gas supplies for the winter period.
    4 days ago 17 Oct 14, 1:02pm
  • Oil rises above $86 in 'oversold market'
    Brent crude oil rose above $86 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold
    4 days ago 17 Oct 14, 10:10am
  • Trader bets on energy comeback
    One big trader is getting in on this beaten-down energy name.
    4 days ago 17 Oct 14, 8:52am
  • Saudi Arabia versus shale?
    The dog fight between major oil producers over reducing output could lead to lower prices yet.
    4 days ago 17 Oct 14, 4:41am
  • Have oil prices reached their lows?
    Martin Arnold, global foreigne xchange and commodity strategist at ETF Securities, says oil prices have probably reached their lowest point for the year as they are not sustainable for OPEC producers.
    4 days ago 17 Oct 14, 4:30am
  • Will OPEC cut oil production to boost price?
    Neil Atkinson, head of analysis at Lloyd's List Intelligence, says OPEC is likely to cut oil production but won't place individual country quotas.
    5 days ago 16 Oct 14, 7:00pm
  • Commodities tomorrow: Volatility is back
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was under $80 before the EIA report, but rallied afterward.
    5 days ago 16 Oct 14, 4:00pm
  • No consensus on oil's direction
    The U.S. stock market keeps falling. And when it comes to oil, there's no consensus on where it will go next.
    5 days ago 16 Oct 14, 3:59pm
  • This price would kill U.S. oil growth
    A new report says the two-year low in U.S. oil prices is not yet stalling growth of U.S. crude production.
    5 days ago 16 Oct 14, 3:39pm
  • Oil supply & demand debate
    Does oil go lower or higher from here? Jim Iuorio, TJM Institutional Services, and CNBC's Larry Kudlow provide insight on oil and fracking.
    5 days ago 16 Oct 14, 2:31pm
  • Oil prices settle higher
    Oil prices rose as data showing tight US gasoline supplies and technical trading ahead of options expiry provided support.
    5 days ago 16 Oct 14, 1:47pm
  • The big perk of oil's wild slide
    Oil's wild slide may be nauseating but here's the bright side, says hedge-fund manager Todd Schoenberger.
    5 days ago 16 Oct 14, 1:14pm
  • New oil reality: OPEC isn't a monopoly
    Oil prices are falling, but Saudi Arabia has indicated that it's willing to put up with cheaper crude oil for now.
    5 days ago 16 Oct 14, 12:54pm
  • S&P could see another 100 point drop yet: Pro
    Michael Gallagher, director of research at IDEAglobal, says concern over the "mediocre" global economy and the end of quantitative easing by the Federal Reserve could see the S&P 500 correct further.
    6 days ago 16 Oct 14, 1:00am
  • Commodities tomorrow: Ebola-crude connection
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day with energy futures. WTI was down slightly on the day, after falling below 80 for the first time since June 2012. Gold was up about $10 on the day.
    6 days ago 15 Oct 14, 4:00pm
  • Hedge funds not bailing on energy...yet
    None of the major hedge funds that owned the battered U.S. energy stocks indicated having sold them
    6 days ago 15 Oct 14, 3:50pm
  • Oil a 'huge tax cut for the world'
    Falling oil prices are stoking worries about economic growth, but some say lower energy costs could boost consumers.
    6 days ago 15 Oct 14, 3:37pm
  • OPEC creating price war: Oil trader
    OPEC is creating a price war not only with the U.S. and Canada, but within its organization by not cutting production, oil trader says.
    6 days ago 15 Oct 14, 2:42pm
  • Egypt: We're bombing militants in Libya
    Egyptian officials say country's warplanes are bombing positions of Islamist militias in oil-rich Libya.
    6 days ago 15 Oct 14, 11:39am
  • Oil-related stocks take a hit too
    The S&P 500 Energy Sector was down a little less than the broader S&P 500 Index on Wednesday.
    6 days ago 15 Oct 14, 10:20am
  • Oil nearly falls below $80 on oversupply
    Brent crude fell to a fresh 47-month low on Wednesday before recovering to around $84 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply.
    6 days ago 15 Oct 14, 9:44am
  • Cramer: Oil hit by 'perfect storm'
    As oil continues its spiral downward, how much further can it go?
    6 days ago 15 Oct 14, 9:40am
  • Expect short run on depressed oil prices: Expert
    John Hofmeister, former Shell Oil president, shares his outlook on oil as prices get crushed.
    6 days ago 15 Oct 14, 8:07am
  • Energy sector slammed
    CNBC's Dominic Chu reports on the collapse of oil prices as energy stocks get pounded.
    6 days ago 15 Oct 14, 8:04am
  • Hedge funds bruised by oil plunge
    CNBC's Kate Kelly reports some of the biggest hedge funds are getting crushed on their energy holdings.
    6 days ago 15 Oct 14, 7:31am
  • Stock market sell-off may come to an end
    Earnings season could break the stock market's bear run, despite the oil slick that continues to trip up stocks.
    6 days ago 15 Oct 14, 6:36am
  • These companies are the greenest in the world
    Which companies are being recognized for their green credentials, according to a new index.
    6 days ago 15 Oct 14, 6:13am
  • Selloff may be coming to an end
    Earnings season could break the stock market's bear run, despite the oil slick that continues to trip up stocks.
    7 days ago 14 Oct 14, 8:13pm
  • Oil tumbles, pros expect further declines
    “I’m expecting oil prices will dip below $80 and in very short order,” said a top energy consultant on CNBC’s “Street Signs.”
    7 days ago 14 Oct 14, 5:57pm
  • Commodities tomorrow: Oil plunge continues
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead onto where oil prices are likely headed. Oil continued its downward dive, hovering around $83. A severe decrease in demand is one of the reasons why oil i…
    7 days ago 14 Oct 14, 3:39pm
  • Crude's big slide... how low can it go?
    I don't think it can go below $80, says Carl Larry, Oil Outlooks and Opinions, sharing his thoughts on OPEC's high stakes game of chicken with oil prices.
    7 days ago 14 Oct 14, 8:34am

Africa Business Magazine

  • IRENA supports energy access initiatives for Africa and Asia
    The International Renewable Energy Agency (IRENA) recently organized a weeklong knowledge sharing workshop for energy business incubators and entrepreneurs from Asia and Africa from 22 to 27thof September, 2014. The programme is anchored by the Centr…
    4 hours ago 21 Oct 14, 11:00am
  • GITEX: Panasonic Plans To Increase Business In The Middle East And Africa By 2018
    The Japanese company Panasonic,  plans to increase its business in the African region and the Middle East, to a tune over $1 billion by 2018, according to one of  senior executives. Speaking at the GITEX event week in Dubai, Shinichi Wakita, managi…
    4 hours ago 21 Oct 14, 10:47am
  • Ryland Fisher, A Pillar of South Africa’s Renewal
    Ryland Fisher is a South African editor, journalist, columnist, author, senior manager and executive.   He has more than 30 years of experience in the media industry, mostly telling the South African remarkable story.   In the early 1980 he worked…
    4 hours ago 21 Oct 14, 10:27am
  • Danny Jordaan, Can He Take South African And African Football To Greater Heights?
    Can Daniel Alexander “Danny” Jordaan, the current president of the South African Football Association (SAFA), be the man to fix African football?   Time will tell.   Dr. Jordaan has had a remarkable career as lecturer, politician, businessman a…
    4 hours ago 21 Oct 14, 10:19am
  • “Ebola also a knowledge management crisis” says expert from Rockerfeller Foundation
    The current international Ebola crisis is a “classic” knowledge management case that is found lacking in a major way, said Scott Leeb, managing director: Knowledge Management at the Rockefeller Foundation in New York, today.   Leeb delivered a t…
    1 day ago 20 Oct 14, 10:34am
  • GITEX: Get’IT seeking for new Markets
    Hall: Hall 4 Stand: D4-18 Information technology firm Get’IT is seeking to diversify its tentacles beyond Tunisia and seek for new opportunities in the wider North Africa and Middle East Market. Get’IT is an economic interest group that aims to p…
    5 days ago 16 Oct 14, 2:59am
  • Desperate measures to battle deadly Ebola
    The battle against the deadly Ebola virus that is ravaging parts of West Africa has gone digital following the creation of an animation that dispels myths about how the disease is spread and promotes prevention. The animation by United Methodist Comm…
    5 days ago 16 Oct 14, 2:54am
  • GITEX: A solution for records management
    A new devise has been established to help governments, companies and other institutions to effectively manage their records and documents. The GreenBox, which has been developed by Meniko Records Management Services, is a multi-function hardware devi…
    5 days ago 16 Oct 14, 2:40am
  • GITEX: Solution for optimizing office space
    Companies seeking to optimize space and control rental costs now have a solution in Melint, a firm that develops technological solutions for the workspace management. One of the products that Melint has developed is MySeat which involves developing t…
    5 days ago 16 Oct 14, 2:32am
  • Gitex – Egypt: Nilecode targets growth in MENA
    What we show @ Gitex: “We are full-fledged software house that deliver in time with an extra ordinary quality standards, in addition to the web/mobile applications, we do offer IoT “Internet of Things” development for the micro-controllers and…
    6 days ago 15 Oct 14, 10:05am

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

  • There is much to unite EAC beyond borders and history
    There is a reason why we are the EAC that goes beyond common borders and common colonial histories.
    2 days ago 19 Oct 14, 8:06am
  • Why capital gains tax should not apply to NSE
    Calculation, collection and payment of capital gains tax on taxable income realised from profits gained from the sale of assets must be the responsibility of the ultimate taxpayer as is the practice in most countries.
    5 days ago 16 Oct 14, 10:40am
  • Fuel prices must be slashed significantly
    Despite the massive fall in international crude prices, we are yet to witness any significant price reductions at the fuel pump.
    5 days ago 16 Oct 14, 10:37am
  • EDITORIAL: Read from same script
    Why is nobody surprised by the protest by National Land Commission (NLC) chairman Mohammed Swazuri over his exclusion from negotiations on acquisition and compensation of land under the Lamu Port and South Sudan-Ethiopia Transport (Lappset) Corridor…
    5 days ago 16 Oct 14, 10:33am
  • EDITORIAL: Use smart policing tactics to fight insecurity
    The maxim that violence begets violence applies even to law enforcement, and it is a high time that Kenyan police learnt to exercise restraint while dealing with suspected criminals.
    5 days ago 16 Oct 14, 10:33am
  • Mombasa port congestion defies reform effort
    Since coming to power 18 months ago, few agencies have got the attention of President Uhuru Kenyatta as Mombasa port.
    5 days ago 16 Oct 14, 10:29am
  • Why CBK should do more on cross border banking
    Last week, the International Monetary Fund (IMF), in an audit report on Kenya, disclosed that the Central Bank of Kenya had set up supervisory colleges for KCB Group, Equity Bank and Diamond Trust Bank to conduct joint inspections.
    5 days ago 16 Oct 14, 10:22am
  • Why majority of motivational speakers are a waste of time
    Public speaking assignments are an occupational hazard you have to contend with. For my case, they are limited to my area of expertise.
    5 days ago 16 Oct 14, 10:11am
  • Watch out for online fraud on eCitizen portal
    Plans to provide access to more than 3,000 Government services online could take much of the pain out of the process for citizens.
    6 days ago 15 Oct 14, 11:12am
  • EDITORIAL: Ngilu must go for tangible reforms not showbiz
    For a few weeks now, the Ministry of Lands under Charity Ngilu, the only other politician Cabinet secretary, has been in the news for varied reasons.
    6 days ago 15 Oct 14, 11:12am
  • Africa has more to gain from China’s new status
    The International Monetary Fund (IMF) said recently that China’s economy is projected to have surpassed the United States’, making it the largest economy in the world.
    6 days ago 15 Oct 14, 11:08am
  • Equity technology move good for competition
    Many twists and turns have accompanied the revolution witnessed in Kenya’s mobile telecommunications sector in the past decade.
    6 days ago 15 Oct 14, 11:05am
  • The dilemma in poverty reduction
    Since Independence, the government as well as donor community have made great efforts towards poverty reduction but despite moderate improvement, more than 45 per cent of Kenyans still live in poverty.
    6 days ago 15 Oct 14, 10:59am
  • Prioritise provision of quality education in Africa
    United Nations secretary-general Ban Ki-moon has called education the “single best investment” that countries can make to build “prosperous, healthy, and equitable societies.”
    7 days ago 14 Oct 14, 12:10pm
  • Rebasing measures size of national pie
    The size of Kenya’s economy has always been underestimated given that gross domestic product (GDP) data excludes some valuable economic activities, including the informal sector, which is quite vibrant.
    7 days ago 14 Oct 14, 12:09pm

Property - The Star

  • Insurance companies slash stakes in real estate
    Insurers slightly reduced investments in property between April and June, according to latest data. The second quarter report by the Insurance Regulatory Authority shows that total investments by insurance firms in various assets amounted to Sh318.9…
    7 days ago 14 Oct 14, 5:00pm
  • New building to cut cleaning costs using technology
    DEVELOPERS continue to explore more innovative ways to create green buildings and save occupants maintenance costs, with a new business centre launching use of self-cleaning glass for windows. The new seven-floor, the Emani Business Centre located a…
    7 days ago 14 Oct 14, 5:00pm
  • Popularity of apartments soars at the Coast
    CONSTRUCTION of apartments in Mombasa has grown tremendously, raising the population of city residents living in apartments to 80 per cent, property market experts estimate. According to real estate agents and developers, apartments have become popu…
    7 days ago 14 Oct 14, 5:00pm
  • NLC issues notice to acquire 46 parcels of land for railway
    THE National Land Commission has listed 46 parcels of land it intends to acquire for construction of the Nairobi-Mombasa standard gauge railway. Out of the 46, the biggest chunk will be obtained from East Africa Portland Cement Company, from which N…
    7 days ago 14 Oct 14, 5:00pm
  • Cube Movers to expand to counties as house moving rises among high income earners
    PEOPLE are changing residence after every three years on average, driving up demand for moving services, major logistics firm Cube Movers has said.The company, which started operations in March 2005, is now eyeing expansion into the counties to capi…
    7 days ago 14 Oct 14, 5:00pm
  • Americans face post-foreclosure hell as debts linger
    Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing the…
    7 days ago 14 Oct 14, 5:00pm
  • Luxury rental market chills drastically in second quarter
    Rents in Nairobi’s affluent estates, patronised by high income individuals and expatriates, remained unchanged between April and June, a slowdown for the previously red-hot market.Knight Frank’s Prime Global Rental Index for the second quarter,…
    7 days ago 14 Oct 14, 5:00pm
  • Pan Africa breaks ground on new headquarters
    PAN Africa Insurance has started construction of its planned new headquarters, a Sh2.3 billion commercial building in Westlands, Nairobi. The underwriting company whose core operations are in long-term insurance business said it will only occupy two…
    14 days ago 7 Oct 14, 5:00pm
  • How to upgrade housing and phase out slums in Nairobi
    I have always heard of a place in Nairobi’s Eastlands known as Lucky Summer. I had heard that there were some highrise flats and some people I know had invested there. All this was a myth until I went to value one of such flats. Let me give you a…
    14 days ago 7 Oct 14, 5:00pm
  • Mariott to invest $200m to build hotels in Africa
    INTERNATIONAL hotel chain Marriott and Protea has announced plans to invest $200 million in hotel expansion in Africa. The first new hotel under the plan will be opened in Ethiopia next year while others are to be opened in Kigali, Rwanda, Ghana and…
    14 days ago 7 Oct 14, 5:00pm
  • Firm launches houses made of wheat and husks
    A new housing technology that uses agricultural residue obtained from wheat and husks to build structures has been introduced in the country, promising more affordable homes in the property market. The technology is being introduced by International…
    14 days ago 7 Oct 14, 5:00pm
  • Iconic NewYork hotel sold to Chinese firm
    New York's iconic Waldorf Astoria hotel has been sold by Hilton Worldwide to Chinese firm Anbang Insurance Group for $1.95 billion. However, Hilton will continue to operate the hotel "for the next 100 years", including renovating the property in the…
    14 days ago 7 Oct 14, 5:00pm
  • Tatu City prices plots at Sh23m as construction resumes
    Tatu City, touted as Kenya’s first privately managed city, has priced serviced plots in its light industrial and logistics park at Sh23 million per acre as construction revs back to life. About 18 plots measuring five acres each are on sale in the…
    14 days ago 7 Oct 14, 5:00pm
  • Eveready switches to real estate, closes factory
    Battery-maker Eveready East Africa has said it will venture into real estate, as part of a five-year growth plan after announcing closure of its Nakuru factory on Monday. The firm, which is listed on the Nairobi Securities Exchange, said it will dev…
    21 days ago 30 Sep 14, 5:00pm
  • NSSF engaging counties on investments
    The National Social Security Fund is in talks with a number of counties to form joint ventures for real estate development, it told an AGM held last Friday. Managing trustee Richard Langat said the Fund is engaging with Nakuru, Nyandarua, Mombasa an…
    21 days ago 30 Sep 14, 5:00pm

CEO Magazine

  • RVR receives first batch of locomotives
    By Silvia Nyambura Rift Valley Railways (RVR) has received the first of 3 locomotives purchased in a project aimed at doubling its freight haulage capacity. The arrival of the locomotives is a major milestone as they will deliver the much needed infr…
    1 day ago 20 Oct 14, 11:42am
  • DHL named Top employer
    By Silvia Nyambura DHL Express has been recognized alongside 12 other companies in Africa for its outstanding employee offerings. This accolade is given to companies deemed as having excellent history of compliance in regards to conditions that emplo…
    1 day ago 20 Oct 14, 10:38am
  • ACCA to host regional convention
    By Silvia Nyambura The Association of Chartered Certified Accountants (ACCA) will host the ACCA Eastern Africa Convention in Kampala from 25th to 27th November 2014. Under the theme ‘Eastern Africa the next growth frontier’, the convention will d…
    6 days ago 15 Oct 14, 7:01am
  • NSSF banks on Members Meeting to boost transparency
    By Silvia Nyambura The National Social Security Fund (NSSF) has announced it will hold its Annual Members Meeting (AMM) on the 28th of October 2014. This is in a bid to engage its members on the activities taking place at the fund. Making the announc…
    7 days ago 14 Oct 14, 12:08pm
  • E-learning to enhance Ugandans’ access to education in the long term
    By Silvia Nyambura Stakeholders in the education sector have been advised to keep an open mind and embrace e-learning as it is here to stay. According to the Assistant Commissioner in charge of Primary Education Tony Mukasa, an effective teacher shou…
    7 days ago 14 Oct 14, 10:42am
  • UAP officially unveils Nakawa Business Park.
    By Silvia Nyambura UAP Group has unveiled its USD 70 million business complex in Kampala. The office complex which consists of four blocks has witnessed reasonable uptake of space so far with Uganda Revenue Authority as one of its top tenants. It is…
    15 days ago 6 Oct 14, 10:07am
  • NSSF ups interest rate to 11.5 percent
    Silvia Nyambura Retirement savings scheme National Social Security Fund (NSSF) has increased its interest rates from 11.23 percent in 2013 to 11.5 percent in 2014. This translates to Ushs 366 billion meaning for every Ushs 1million held by a member a…
    19 days ago 2 Oct 14, 11:36am
  • Carlson Rezidor Group of Hotels enters Uganda market
    By Our Reporter The Carlson Rezidor Group of Hotels has announced its entry into the Uganda market with the establishment of the Radisson Blu Hotel. The Hotel expected to open its doors in the 4th Quarter of 2016 will comprise 195 rooms and will be m…
    19 days ago 2 Oct 14, 9:18am
  • DHL Express among 21 Local Companies to enjoy preferential treatment from URA
    By Silvia Nyambura DHL Express Uganda has been issued a certificate of Authorized Economic Operator (AEO) by the Uganda Revenue Authority (URA) joining 21 other local companies that have been accredited since 2013. The AEO is issued to companies deem…
    19 days ago 2 Oct 14, 6:41am
  • UCC appoints new board
    By Silvia Nyambura The Uganda Communications Commission (UCC) has appointed a new Board of Directors for the first time since UCC and Broadcasting Council merged under the Uganda Communications Act 2013. The board consists of 9 members including Chai…
    19 days ago 2 Oct 14, 5:12am

Kenyan Shilling Exchange Rate


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