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CapitalFM Business

  • Leaders explore joint financing for LAPSSET project
    NAIROBI, Kenya Jul 31 – Regional leaders are exploring ways to jointly finance the Lamu Port, Southern Sudan-Ethiopia Transport (LAPSSET) corridor project. The leaders who attended a consultative meeting in Nairobi on Thursday were President Yoweri…
    22 mins ago 31 Jul 14, 12:39pm
  • Sh200mn to be pumped into tourism recovery
    NAIROBI, Kenya, July 31 – The tourism sector is set to receive the Sh200 million from the government in a fortnight facilitate the recovery of the industry following travel advisories by key source markets. The Kenya Association of Tour Operators (…
    2 hours ago 31 Jul 14, 11:25am
  • July was more expensive in Kenya than June
    NAIROBI, Kenya, Jul 31 – Kenya’s overall rate of inflation in the month of July has gone up to 7.67 percent from 7.39 percent recorded in the month of June 2014. According to latest data from the Kenya National Bureau of Statistics (KNBS) housing…
    4 hours ago 31 Jul 14, 9:24am
  • KCB registers growth in first half profits
    NAIROBI, Kenya, Jul 31 – The Kenya Commercial Bank (KCB) has recorded a 13.6 percent increase in net profit in the first half of 2014, posting Sh8.17 billion from Sh7.2 billion recorded in the same period of 2013. Total assets went up by 19 percent…
    4 hours ago 31 Jul 14, 9:03am
  • ExxonMobil profits up despite lower oil and gas output
    NEW YORK, July 31- US oil giant ExxonMobil Thursday reported higher second quarter profits despite pumping less oil and gas than it did a year ago. Exxon, the biggest US oil company and the second largest US company in terms of market capitalization…
    4 hours ago 31 Jul 14, 9:01am
  • Panasonic profit dives 65%, signs Tesla battery plant deal
    TOKYO, July 31 – Panasonic on Thursday posted a $369 million net profit for the three months to June, plunging 65 percent from a year ago when the Japanese electronics giant logged a big one off gain from a pension scheme change. The Osaka based co…
    4 hours ago 31 Jul 14, 8:58am
  • Review: Asus Transformer Book T100
    The idea of having a tablet that transforms to a laptop is pretty cool especially if the tablet is detachable from the keyboard. Portability and flexibility is assured and this is what Asus was going for with the Transformer Book T100. The 10-inch Wi…
    4 hours ago 31 Jul 14, 8:44am
  • AstraZeneca raises earnings outlook as sales climb
    LONDON, July 31 – British Swedish drugmaker AstraZeneca, which fought off a takeover from Pfizer earlier this year, raised its 2014 earnings outlook on Thursday and posted rising second quarter sales. Turnover gained four percent to $6.454 billion…
    4 hours ago 31 Jul 14, 8:38am
  • EU formally adopts Russia sanctions
    BRUSSELS, July 31 – The European Union formally adopted broad economic sanctions against Russia on Thursday, aiming to make it pay a price over the Ukraine crisis in the hope Moscow will reverse course. The new measures, finally agreed earlier this…
    4 hours ago 31 Jul 14, 8:33am
  • Home is best without pests #PropertyInsights
    Your home is one of the biggest investments you will ever make in your life, be sure you take care of it all you can. If necessary get assistance from professionals to help you make the most of your investment and ensure it is the little paradise you…
    6 hours ago 31 Jul 14, 6:43am

N-Soko Property Show

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32 days ago 29 Jun 14, 10:51am
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39 days ago 22 Jun 14, 11:51am

Daily Nation Business

The EastAfricanBusiness

Business Today

The Star

  • Judiciary to promote arbitration to solve commercial cases
    THE judiciary will have independent, trained and accredited mediators attached to courts to help settle commercial disputes. Justice Jonathan Havelock said this is aimed at speeding up the determination of new cases in the civil jurisdiction in orde…
    20 hours ago 30 Jul 14, 5:00pm
  • NSE Signals Push as Foreign Investors Make A Come Back
    The Nairobi all share finally got some upside traction going after a very circumspect period. The all share rallied 0.7579% to close at 151.57. The Nairobi NSE20 ran 27.16 points higher to close at 4891.03. Bulls will like the fact that volumes rema…
    20 hours ago 30 Jul 14, 5:00pm
  • State issues deadline for USF contributions
    MAJOR ICT sector players face unspecified penalties unless they remit 0.5 per cent of their annual revenue to the Universal Services Fund that was created in 2009 to expand infrastructure in remote areas. ICT Secretary Fred Matiang'i yesterday warne…
    20 hours ago 30 Jul 14, 5:00pm
  • Mombasa port records increased cargo clearance
    KENYA Ports Authority recorded a nine per cent increase in the volume of cargo handled in the first quarter of this year According to managing director Gichiri Ndua, the authority handled 5.56 million tonnes in the first three months of this year co…
    20 hours ago 30 Jul 14, 5:00pm
  • Lower mining taxes could boost KRA take
    The Kenya Revenue Authority will benefit from increased tax revenue if mining royalty rates are reviewed, industry experts have told the Star. They say that the royalties, signed off by Mining Minister Najib Balala, will disincentivise investment pr…
    20 hours ago 30 Jul 14, 5:00pm
  • Business journalists to get mid-career training
    BUSINESS journalism has a huge potential to spur investments in Kenya and should be consistently supported to grow, executives officials from Strathmore Business School and telecom Safaricom have said. Speaking yesterday at the launch of the SBS and…
    20 hours ago 30 Jul 14, 5:00pm
  • Can Low Interest Rates Unlock Kenya's Housing Sector Crisis?
    At independence, the founding President, Mzee Jomo Kenyatta’s rallying call was to fight poverty, disease and ignorance. Fifty years later, we are still fighting the same vices with a population that has increased almost six fold. Interestingly, t…
    20 hours ago 30 Jul 14, 5:00pm
  • Equity Bank's net profit up 21% to hit Sh7.66bn
    Equity Bank’s net profit grew by more than a fifth in the half-year period ended June 30, buoyed by growth in its loan book and agency banking. The lender, Kenya’s second largest by market share, has returned an after-tax profit of Sh7.66 billio…
    20 hours ago 30 Jul 14, 5:00pm
  • EAC integration sluggish due to lack of public awareness
    TRADE barriers within East African Community states still exist due to lack of awareness on the integration process, a meeting between public and private sector officials was told yesterday. They said most East Africans are not aware of the partners…
    20 hours ago 30 Jul 14, 5:00pm
  • Telco chiefs face arrest over SIM registration
    CHIEF executives of mobile telephone companies risk arrest over continued sale of pre-activated SIM cards. ICT Secretary Fred Matiang'i yesterday directed the Communications Authority of Kenya not to further warn operators with unregistered lines in…
    20 hours ago 30 Jul 14, 5:00pm
  • Chamber to liaise with JKUAT on agri-business
    The Kenya National Chamber of Commerce and Industry is formulating a strategy to empower farmers with relevant market information after signing an agreement with the Jomo Kenyatta University of Agriculture and Technology. According to KNCCI vice-cha…
    20 hours ago 30 Jul 14, 5:00pm
  • It Is Time For Consumers To MaximIse Sunshine Use
    In this column we usually look at opportunities for brands. But just for a change, I would like to encourage as consumers to think about a chance to exert their power. And (ironically) do so in the energy category. Here in East Africa, energy is at…
    2 days ago 29 Jul 14, 5:00pm
  • Safaricom takes full control of new lines
    Safaricom’s M-Pesa agents will no longer register new subscribers on the telco’s network after it suspended the role on Thursday. The move potentially deals a blow to M-Pesa agents' supplementary earnings. They primarily earn incomes through com…
    2 days ago 29 Jul 14, 5:00pm
  • Banks more cautious on tourism and agricultural sector loans
    MOUNTING insecurity, inadequate rains and high cost of living led a number of banks to increase their lending rates during the second quarter of the year, according to an industry report published Monday. The quarterly credit officer survey by regul…
    2 days ago 29 Jul 14, 5:00pm
  • Umeme's stock gains in week-long rally at bourse
    Umeme Ltd, the Ugandan energy company cross-listed on the Nairobi Securities Exchange, hit an all-time high last Friday, and analysts forecast further gain. The stock closed at Sh18.95 a share, gaining 20.7 per cent over a week earlier, though tradi…
    2 days ago 29 Jul 14, 5:00pm

How We Made it in Africa

CNBC Africa

  • Brent slips below $106
    Brent crude fell towards $106 as higher OPEC output and disappointing demand outweighed tensions in the Middle East and Africa.
    13 mins ago 31 Jul 14, 12:48pm
  • Worst California drought spreads
    New data reveals California's crippling drought conditions have never been worse. NBCNews reports.
    2 hours ago 31 Jul 14, 11:20am
  • Higher oil prices lift Exxon profit
    ExxonMobil reported a stronger-than-expected profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.
    2 hours ago 31 Jul 14, 10:37am
  • Shell's earnings more than double
    Royal Dutch Shell posted a healthy jump in quarterly earnings, as its new CEO works to cut costs and streamline projects.
    10 hours ago 31 Jul 14, 3:11am
  • Energy companies rethink Russia
    The downing of MH17 and tougher sanctions against Russia are pushing energy companies to take a fresh look at the results of the crisis.
    13 hours ago 30 Jul 14, 11:44pm
  • Commodities tomorrow: Energy deflated
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Energy prices were down across the board, while gold was down as well.
    21 hours ago 30 Jul 14, 4:00pm
  • Oil falls amid supply, global risks
    Oil prices fell amid excess supplies in Europe and Asia.
    22 hours ago 30 Jul 14, 2:40pm
  • Total curbs Russia investment after MH17
    Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
    1 day ago 30 Jul 14, 2:14am
  • Electric car batteries pass crash tests
    Crash tests involving two popular electric cars show the batteries in those vehicles hold up with no major issues after collisions.
    2 days ago 30 Jul 14, 12:01am
  • Commodities tomorrow: Traders look for gold pop
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nervousness over economic data helped drive oil prices lower. Geopolitics has not been a factor. Nat gas was up slightly on the day. And gold was slightly lower, as well…
    2 days ago 29 Jul 14, 4:00pm
  • New sanctions—where they'll hurt
    Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
    2 days ago 29 Jul 14, 3:36pm
  • Oil checked by refinery fire
    U.S. crude fell sharply as a refinery fire in Kansas curbed demand for benchmark West Texas Intermediate.
    2 days ago 29 Jul 14, 2:42pm
  • US hold on some oil exports: Sources
    The Commerce Department has put on hold several requests to sell crude abroad, sources said.
    2 days ago 29 Jul 14, 12:04pm
  • Buyer of the Kurdish crude oil revealed
    The secret buyer of crude oil sitting off the coast of Texas in a Kurdish tanker is a company located in the British Virgin Islands.
    2 days ago 29 Jul 14, 7:27am
  • BP: Russia still key as production set to dip
    BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.
    2 days ago 29 Jul 14, 2:19am
  • Commodities tomorrow: Gold seeks a catalyst
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Energy was lower on both sides of the Atlantic, nat gas was down again today, as temps remained mild across the country. And gold was flat on the day.
    3 days ago 28 Jul 14, 4:00pm
  • Oil under water; supply counters Mideast
    Oil was hit by weak demand in Europe and Asia, and ample supply in the Atlantic basin.
    3 days ago 28 Jul 14, 2:37pm
  • Iraq fights to block Kurdish tanker
    An oil tanker off the coast of Texas may struggle to unload controversial cargo destined for an unknown U.S. buyer.
    3 days ago 28 Jul 14, 12:05pm
  • Investing in climate change
    Motif Investing has created a 25-stock index to give investors an opportunity to invest in climate change, explains co-founder Hardeep Walia.
    3 days ago 28 Jul 14, 11:42am
  • US gas tumbles as refineries cut prices
    The average U.S. price for gasoline is now about 10 cents lower than a year ago. The drop came despite a rise in crude prices.
    3 days ago 28 Jul 14, 9:08am
  • Fire burns at huge Libyan oil depot
    Libya appeals for help after a huge oil depot caught fire amid clashes over the country's international airport in Tripoli.
    3 days ago 28 Jul 14, 7:13am
  • Russia ordered to pay damages over Yukos
    A Hague court ruled that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets.
    3 days ago 28 Jul 14, 7:10am
  • Oil's 'Big 3' form million barrel club
    Move over ExxonMobil, Chevron and ConocoPhillips – there's a new "Big Three" in the U.S. energy sector.
    4 days ago 27 Jul 14, 9:00am
  • Oil whipsawed by supply, Ukraine fears
    U.S. oil ended lower, but Brent shot higher as new strains in Ukraine underscored supply fears
    6 days ago 25 Jul 14, 2:36pm
  • Oil as the new safe haven? Some say yes
    The U.S.—and by extension the global economy—might have a new safe haven asset.
    6 days ago 25 Jul 14, 12:34pm
  • Groundwater levels plunge in southwest
    The data comes as policymakers wrestle over how to manage the use of groundwater, often farmers' last resort, NBC News reports.
    6 days ago 25 Jul 14, 8:40am
  • Ukraine: What’s the next disruption?
    The uncertainty surrounding the geopolitical crisis centered on Ukraine is unlikely to go away any time soon.
    6 days ago 25 Jul 14, 6:40am
  • Frack off: How will UK benefit from shale?
    Opposition to fracking in the U.K. is fierce, but politicians and businesses are trying to push forward with plans for shale gas. CNBC looks at how it could benefit the British economy.
    6 days ago 25 Jul 14, 1:55am
  • UK looks to fracking
    As the U.K. government pushes the case for fracking, we take a look at the controversial technique's potential.
    6 days ago 25 Jul 14, 1:19am
  • 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.
    7 days 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.
    7 days ago 24 Jul 14, 3:16pm
  • Ukrainian prime minister resigns
    The Ukrainian Prime Minister tendered his resignation on Thursday, after upbraiding fellow politicians.
    7 days 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.
    7 days 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.
    8 days ago 23 Jul 14, 4:00pm
  • Oil gains as stockpiles drop
    Oil rose after oil stockpiles in the United States fell more than expected.
    8 days 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.
    8 days 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.
    8 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.
    8 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
    9 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.
    9 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.
    9 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.
    9 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.
    9 days ago 22 Jul 14, 11:00am
  • Gas prices pump up June inflation
    Consumer prices rose in June as the cost of gasoline surged.
    9 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.
    9 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.
    10 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.
    10 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.
    10 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?
    10 days ago 21 Jul 14, 12:58pm

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.
    7 days 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.
    7 days 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.
    7 days 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”.
    7 days 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.
    7 days 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.
    7 days 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.
    8 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.
    8 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.
    8 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.
    8 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.
    8 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.
    9 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.
    9 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.
    10 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…
    10 days ago 21 Jul 14, 12:10pm

Property - The Star

  • Uasin Gishu land ban slows down real estate business
    A ban on land sub-division in Uasin Gishu county has slowed down real estate growth, according to developers. Robert Ng’isirei, the county executive committee member for Lands, said the ban on sub-division and change-of-user was meant to enable th…
    2 days ago 29 Jul 14, 5:00pm
  • Home Afrika in free-fall at NSE as buyer side keeps off
    Home Afrika’s stock dipped to an all-time low at the NSE on Monday, with the downward pressure attributed to its lack of clear revenue growth projections and investors’ valuation worries. The real estate developer, which listed on the growth ent…
    2 days ago 29 Jul 14, 5:00pm
  • Crown to train painters as shortage grows
    Crown Paints has started a recruitment drive for painters who will be trained and equipped at a cost of Sh40 million. The NSE-listed paint manufacturer is targeting 200 painters by end of the year, according to chief executive Rakesh Rao. A cumulati…
    2 days ago 29 Jul 14, 5:00pm
  • Ways Kenya could emulate Malaysia in its quest for middle - income status
    Two weeks ago, I wrote that professionals, academics and businesspersons dealing with land-related matters worldwide met in Kuala Lumpur, Malaysia, in the third week of June for the 25th FIG (International Federation of Surveyors) Congress. The over…
    2 days ago 29 Jul 14, 5:00pm
  • Insurer bets on demand with Upper Hill building
    UAP Group is banking on the growing demand for Grade-A commercial space in Nairobi to fully let its new building in Upper Hill. Structural construction of the 33-storey tower was completed last week. Finishing, plumbing and electrical works have com…
    2 days ago 29 Jul 14, 5:00pm
  • Real estate and construction sectors credit up in second quarter
    Real estate was one of the five sectors that recorded an increase in demand for credit in the three months to June 30, according to the latest Central Bank credit officer survey. Of the 43 senior credit officers polled by the CBK, 46 per cent said t…
    2 days ago 29 Jul 14, 5:00pm
  • HassConsult strikes deal to sell overseas properties
    Nairobi-based real estate firm HassConsult Ltd has struck a deal with a Dubai-based property developer and promoter to sell the latter's overseas properties to Kenyan buyers. The firm said it has been appointed by Sternon Group to sell serviced resi…
    2 days ago 29 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…
    9 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…
    9 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…
    9 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…
    9 days ago 22 Jul 14, 5:00pm
  • 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…
    9 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…
    9 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…
    9 days ago 22 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…
    16 days ago 15 Jul 14, 5:00pm

CEO Magazine

  • Standard Chartered AREA partnership to grow mortgage products
    By Silvia Nyambura According to statistics from the Ministry of Lands, Housing and Urban Development, Uganda currently has a housing deficit of over 1.6 million units. The country is at the same time urbanizing at a rate of about 5.6 percent with a p…
    1 day ago 30 Jul 14, 9:51am
  • AON appoints Elly Karuhanga as first Ugandan Board Chairman
    By Silvia Nyambura Insurance brokerage firm AON Uganda has appointed city lawyer and business man Elly Karuhanga as its first ever Ugandan board chairman. With a wide range of experience from sectors such as banking, manufacturing, energy, technology…
    2 days ago 29 Jul 14, 10:27am
  • KIBO Foundation bringing ICT services closer to the youth
    By Oliver Nabukeera As the world is getting globalised, there is an imminent need to increase penetration of Information Communication Technology (ICT) services to the rural communities. In line with this KIBO Foundation under the support of American…
    2 days ago 29 Jul 14, 9:10am
  • CNOOC pledges continued free health services to Hoima Community.
    By Oliver Nabukeera As part of its corporate social responsibility (CSR) program the China National Offshore Oil Corporation (CNOOC) has once again offered free medical services to over 850 residents of Hoima. This was during a two-day event held at…
    2 days ago 29 Jul 14, 6:34am
  • 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.…
    7 days 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…
    8 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…
    9 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…
    10 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…
    10 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…
    10 days ago 21 Jul 14, 9:08am

Kenyan Shilling Exchange Rate


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