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  • Tande to remain at EAPCC’s helm for next 3 years
    NAIROBI, Kenya, Apr 18 – Industrialization and Enterprise Development Cabinet Secretary Adan Mohamed has confirmed the extension of Kephar Tande’s term for a further three years as the Managing Director of East African Portland Cement Company (EA…
    2 days ago 18 Apr 14, 9:30am
  • Kenya’s Internet subscribers hit 13.1mn
    NAIROBI, Kenya, Apr 17 – The number of Internet subscribers in Kenya has grown by 13 percent in the second quarter of the 2013/2014 financial year to stand at 13.1 million subscribers up from 11.9 million in the previous quarter according to the Co…
    3 days ago 17 Apr 14, 11:06am
  • Kenswitch launches interbank transfer service
    NAIROBI, Kenya, Apr 17 – Kenswitch Limited has launched a Domestic Interbank Transfer Service platform that allows users on the Kenswitch network to transfer funds on a real-time basis across the network amongst participating financial institutions…
    3 days ago 17 Apr 14, 10:15am
  • Equity in 20pc profit rise to Sh3.8bn
    NAIROBI, Kenya, Apr 17 – Equity Bank has posted a 20 percent net profit increase to Sh3.8 billion from Sh3.2 billion earned in the same period last year. Customer deposits grew by 18 percent from Sh175 billion recorded over the same period last yea…
    3 days ago 17 Apr 14, 7:18am
  • China gears up for huge car show, eyeing growth prospects
    BEIJING, Apr 17 – Global automakers will flock to the largest car show in the world’s biggest car market next week — but environmental concerns and slowing Chinese economic growth mean the road ahead could be bumpy. The Beijing auto show, which…
    3 days ago 17 Apr 14, 12:32am
  • Sony’s PlayStation 4 sales top seven million
    TOKYO, Apr 17 – Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can’t make them fast enough, in a welcome change of fortune for the Japanese consumer electronics giant. “The response from t…
    3 days ago 17 Apr 14, 12:09am
  • New US-Spanish firm says targets rich mobile ad market
    Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar market. Telefonica and Blackstone’s…
    4 days ago 16 Apr 14, 10:49am
  • Govt to speed up work permits for ICT experts
    NAIROBI, Kenya, Apr 16 – The Ministry of Information and Communication Technology plans to work closely with the Interior Ministry to facilitate faster issuance of work permits for foreign ICT experts. ICT Cabinet Secretary Fred Matiang’i said hi…
    4 days ago 16 Apr 14, 10:31am
  • Customer goodies in Nakumatt Easter promotion
    NAIROBI, Kenya, Apr 16 – Nakumatt Holdings in conjunction with Turkish Airlines and Visa have kicked off a number of prize filled Easter Customer reward programmes. The programmes are geared at ramping up the festive season sales while spreading th…
    4 days ago 16 Apr 14, 10:17am
  • What’s your online habit? This plugin gives you a weekly breakdown
    If you are like a growing majority of Kenyans who spend more time online than watching TV, then you probably know that you can spend hours online watching funny videos on YouTube or waste away hours on Facebook, Twitter and other social media sites.…
    4 days ago 16 Apr 14, 8:37am

N-Soko Property Show

N-Soko Property show episode 41Property Show episode 41 For more news visit Follow us on Twitter Like our FaceBook page http://www.face...
7 days ago 13 Apr 14, 11:32am
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14 days ago 6 Apr 14, 11:00am
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21 days ago 30 Mar 14, 2:10pm
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32 days ago 19 Mar 14, 2:43pm
Nsoko property show episode 37N-Soko property show March 16th, 2014 For more news visit Follow us on Twitter Like our FaceBook page ht...
32 days ago 19 Mar 14, 7:21am
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42 days ago 9 Mar 14, 11:08am

Daily Nation Business

The EastAfricanBusiness

Business Today

The Star

  • Tande gets second three-year term at East Africa portland
    EAST African Portland Cement boss Kephar Tande's term at the helm of the firm has been renewed for another three years. Industrialisation Cabinet Secretary Adan Mohamed on Thursday published a notice of reappointment in the Kenya Gazette, perhaps fo…
    2 days ago 18 Apr 14, 5:00pm
  • FKE wants production based renumeration
    THE Federation of Kenya Employers wants the government to strengthen the newly set up Productivity Centre of Kenya saying it will help streamline wage regulations. Speaking in Nakuru during the 26th Rift Valley branch annual general meeting, FKE exe…
    2 days ago 18 Apr 14, 5:00pm
  • Savannah to invest Sh17.3bn in clinker
    SAVANNAH Cement, the country’s latest entrant in cement manufacturing, plans to invest $200 million (Sh17.3 billion) to develop a clinker production facility. Currently, most of the major cement companies depend on imported clinker which is a key…
    2 days ago 18 Apr 14, 5:00pm
  • Hope for Pan Paper as new investor sought
    The troubled Pan Paper milling factory could be up and running by next month if privatisation plans by the government go through. Industrialisation and Enterprise Development Cabinet Secretary Adan Mohammed told Parliament's Finance, Planning and Tr…
    2 days ago 18 Apr 14, 5:00pm
  • Transaction fees drives up Equity's Q1 earnings
    EQUITY bank's profit after tax rose 20.68 per cent to Sh3.88 billion during the first three months of this year compared to Sh3.21 billion posted during a similar period in 2013. The growth was driven by a 23.9 per cent growth in non-interest earnin…
    3 days ago 17 Apr 14, 5:00pm
  • AFRAA plans meet over airline supplies' costs
    AFRICAN Airlines Association wants to strengthen support for regional carriers through better rates from suppliers to enable them competitively engage in emerging business opportunities. The Nairobi based lobby group for African airlines said it wil…
    3 days ago 17 Apr 14, 5:00pm
  • Nairobi hotels scramble for Easter holiday bookings
    AS Easter weekend begins, hotels and restaurants around Nairobi are also angling for some business as tourism and leisure activities peak to celebrate the short holiday. Nairobi is usually deserted over Easter as many people take a short holiday wit…
    3 days ago 17 Apr 14, 5:00pm
  • Equity braces for mobile money war starting May
    LARGEST lender by deposit accounts, Equity Bank, hinted yesterday it could be closing in on a partnership deal with a mobile phone manufacturer as it prepares to venture into telecoms business mid next month. CEO James Mwangi said the bank, through…
    3 days ago 17 Apr 14, 5:00pm
  • Postal services battle to contain digital rise
    Postal and courier firms have managed to hold their forte despite despite stiff competition from revolutionary communication mediums such as mobile and internet, latest data from the Communication Authority of Kenya shows. According to the CAK quart…
    3 days ago 17 Apr 14, 5:00pm
  • National Bank forms new club
    National Bank of Kenya has launched a business club for its business customers to widen its market in the small and medium enterprise sector. Speaking at the launch managing director Munir Sheikh Ahmed said SME clients play a key role in the bank's…
    3 days ago 17 Apr 14, 5:00pm
  • Eveready to diversify product line in order to sustain growth
    Battery maker Eveready East Africa will roll out new products this year in order to diversify its product line. The company will also expand its regional market share in East Africa to ensure growth. Speaking during its annual general meeting in Nak…
    3 days ago 17 Apr 14, 5:00pm
  • Reinsurance firms seek new business openings
    REGIONAL firm Zep-Re has sold 11 per cent of its shares to German development financial institution DEG to boost its capital base and fund its growth plans. The news comes in the wake of recent announcement by rival Continental Reinsurance company w…
    4 days ago 16 Apr 14, 5:00pm
  • IEA seeks carrot and stick approach in job evaluation
    INSTITUTE of Economic Affairs wants public performance contracting modified to include penalties in order to enhance dismal productivity levels in the under-performing public sectors. The public policy research and analysis body said yesterday inclu…
    4 days ago 16 Apr 14, 5:00pm
  • Nairobi ranked among leading business cities
    NAIROBI has been ranked ninth among low and middle income countries that are most likely to improve global competitiveness within 10 years in a newly published survey report by multinational consultant AT Kearney. The survey which measures a city's…
    4 days ago 16 Apr 14, 5:00pm
  • TransCentury's profit to slide further in 2014, disappointed by RVR deal
    INFRASTRUCTURE investment company TransCentury said yesterday it will take longer than a year to recover from its 15.1 per cent drop in profitability in 2013. The publicly traded company warned yesterday that its net earnings this year will further…
    4 days ago 16 Apr 14, 5:00pm

  • Ghana: Ghana's Oil Quagmire
    [Ghanaian Chronicle]As Ghana strives harder to escape the quagmire of oil curse which is the vile menace of oil and gas producing countries in third world countries across the globe, there are already looming signals that Ghana is virtually losing it…
    16 hours ago 19 Apr 14, 6:15pm
  • Cote d'Ivoire: Total Discovers Oil in Coast of Cote d'Ivoire
    [Vanguard]French oil group, Total, has announced the detection of oil in the deep water off the coast of Cote d'Ivoire.
    2 days ago 18 Apr 14, 5:09pm
  • Nigeria: Pakistan President Leads 70-Man Delegation to Nigeria
    [Leadership]President Mamnoon Hussain of Pakistan will begin a three-day working visit to Nigeria from Monday, April 21, the Pakistan Deputy High Commissioner, Ahmed Sirohey said in Abuja.
    2 days ago 18 Apr 14, 4:41pm
  • Egypt: Gafi Chairman - We Are Committed to Improve Egypt's Rank in Doing Business Report
    [Egypt Online]General Authority for Investment and Free Zones (GAFI) Chairman Hassan Fahmi asserted that the government is currently working on developing a host of procedures and legislations that would, in turn, improve the business climate.
    2 days ago 18 Apr 14, 12:28pm
  • Egypt: Cabinet - No Rise in Electricity, Diesel's Prices
    [Egypt Online]Following the Cabinet meeting on Thursday, Cabinet Spokesman Ambassador Hossam el-Qawish said that the subsidy system will be restructured in a way that does not affect the limited income brackets.
    2 days ago 18 Apr 14, 12:28pm
  • Egypt: Egyptair Signs Insurance Deal With Allianz Egypt
    [Egypt Online]EgyptAir, the national air carrier of Egypt, signed a cooperation agreement with Allianz Egypt for insurance for providing EgyptAir passengers insurance policies.
    2 days ago 18 Apr 14, 12:28pm
  • Egypt: Solar-Powered Mobile Water Desalination Station to Be Inaugurated in Matrouh
    [Egypt Online]A mobile water desalination plant powered by thermal energy will be inaugurated in Marsa Matrouh governorate Friday. The plant comes as part of the State's efforts to utilize scientific research in addressing problems in society.
    2 days ago 18 Apr 14, 12:28pm
  • Egypt: Egyptsat-2 a Step Towards Egyptian Space Agency
    [Egypt Online]Presidential Adviser for Scientific Affairs Essam Hegy said that new Egyptian Satellite (EgySat -2) is an essential step towards establishing the Egyptian Space Agency.
    2 days ago 18 Apr 14, 12:28pm
  • Mozambique: EDM Warns of Power Cuts as Transformer is Replaced
    [AIM]Maputo -Mozambique's publicly owned electricity company, EDM, has warned that Maputo and the neighbouring city of Matola will suffer intermittent power cuts at peak times for about two weeks due to the replacement of equipment at the Infulene su…
    2 days ago 18 Apr 14, 9:11am
  • Somalia: Good News for Somalis Sending Money Home
    [African Arguments]Very good news on Wednesday when Barclays Bank agreed to give Dahabshiil, the Somali remittance company, sufficient time to find another way of transferring money from the UK and elsewhere to Somalia before closing its account with…
    2 days ago 18 Apr 14, 8:09am
  • Africa: APP Takes Aim At Big Firms' Cut of Charitable Donations
    [SciDev.Net]A Mexican mobile app, described as "the simplest and fastest way to make charity donations", could transform aid fundraising, its designers say.
    2 days ago 18 Apr 14, 7:41am
  • Africa: UK Transparency Decisions Help Create 'Level Playing Field' for Oil and Mining Companies
    [Global Witness]The Extractive Industries Transparency Initiative (EITI) was set up to give citizens of resource-rich countries information about how much their governments earn from natural resources in order to prevent corruption. It is a voluntary…
    2 days ago 18 Apr 14, 7:34am
  • Tunisia: Two Twinning Protocols in Building Trades Signed
    [Tunis Afrique Presse]Tunis, -Two twinning protocols were signed, Thursday in Tunis, between the training centre of building trades "Ibn Sina," the French "CFA" Centre of Reims and the "Lycée labellisé Métiers, Georges Brière."
    2 days ago 18 Apr 14, 5:47am
  • Liberia: Boost for Zubah Town, Duport Road Market - $25k Check From President
    [FrontPageAfrica]Monrovia -President Ellen Johnson Sirleaf has presented a check of US$25,000 to the Lighthouse Full Gospel Church (LFGC) for the two lots of land hosting the Zubah Town, Duport Road Market in District #4, Montserrado County. She also…
    2 days ago 18 Apr 14, 5:23am
  • Kenya: Eleven Killed in Eldama Ravine Dawn Accident
    [The Star]ELEVEN people died in a dawn accident at Quarry area on the Nakuru Eldoret highway when the matatu they were traveling in collided head-on with a trailer. The 6am accident occurred near the Eldama Ravine junction. The trailer was ferrying m…
    2 days ago 18 Apr 14, 5:14am
  • Kenya: Transaction Fees Drives Up Equity's Q1 Earnings
    [The Star]EQUITY bank's profit after tax rose 20.68 per cent to Sh3.88 billion during the first three months of this year compared to Sh3.21 billion posted during a similar period in 2013.
    2 days ago 18 Apr 14, 5:14am
  • Liberia: U.S. Proposes Remedy for Budget Shortfall
    [NEWS]United States Ambassador Debora Malac has asked the Liberian Government to desist from spending money it does not have.
    2 days ago 18 Apr 14, 5:14am
  • Liberia: Life Hard for Teachers - Salary Wahala At Education Ministry
    [FrontPageAfrica]Monrovia -The Ministry of Education which has over the years seen protest from teachers and other education workers over unpaid salaries and other incentives is once again in the spotlight over salary arrears to some education worker…
    2 days ago 18 Apr 14, 5:04am
  • Liberia: Audit Agency's Head Raps Accountants At Cuttington University
    [FrontPageAfrica]Monrovia -The Director General of the Government's Internal Audit Agency (IAA) has admonished members of the Association of Accounting Students of Cuttington University to seek the highest possible qualification in the accountancy fi…
    2 days ago 18 Apr 14, 4:59am
  • Africa: In an Unequal World, We Need Inclusive Growth
    [World Bank]For a very long time, the rich have known to some extent how the poor around the world live. What's new in today's world is that the best-kept secret from the poor, namely, how the rich live, is now out.
    2 days ago 18 Apr 14, 4:52am
  • Kenya: Kisii Eyes Factory to Process, Blend and Export Local Tea
    [The Star]THE Kisii government wants to start value addition in tea and exporting the commodity directly to foreign markets. Governor James Ongwae and Deputy Governor Joash Maangi said they will build a value addition and blending factory in the coun…
    2 days ago 18 Apr 14, 4:49am
  • Kenya: Nurses Leaving Kenya for Jobs Abroad Drop By 37 Percent
    [The Star]THE number of nurses migrating overseas for better opportunities has reduced by 37.4 per cent compared to the past nine years, a new audit on Kenya Nursing Workforce documents. The report released yesterday says 1,278 nurses left for greene…
    2 days ago 18 Apr 14, 4:44am
  • Kenya: E-Readers Launched in Teso North
    [The Star]A California-based nonprofit charitable organisation on Wednesday launched 25 e-readers to benefit 2,000 students in Teso subcounty. The e-readers are loaded with primary and secondary school curriculums.
    2 days ago 18 Apr 14, 4:27am
  • Kenya: Equity Braces for Mobile Money War Starting May
    [The Star]LARGEST lender by deposit accounts, Equity Bank, hinted yesterday it could be closing in on a partnership deal with a mobile phone manufacturer as it prepares to venture into telecoms business mid next month.
    2 days ago 18 Apr 14, 4:18am
  • Nigeria: NNPC Injects 293 Million Litres of Petrol Into Market
    [Vanguard]The Nigerian National Petroleum Corporation, NNPC, and its downstream subsidiary, the Pipelines and Products Marketing Company, PPMC, have injected 293, 326, 011 litres of premium motor spirit, otherwise called petrol, into filling stations…
    2 days ago 18 Apr 14, 3:28am
  • Africa: "Nigeria, Africa's Fastest Growing Aviation Business"
    [This Day]Nigerian has become the fastest growing aviation business in Africa with more new and pre-owned aircraft delivery than South Africa as at 2013.
    2 days ago 18 Apr 14, 2:52am
  • Nigeria: Officials - Nigeria Secure for Economic Forum Despite Attacks
    [VOA]Abuja, Nigeria -After the worst attack in Abuja's history on Monday, officials say the Nigerian capital has been secured for the World Economic Forum for Africa next month. These comments come amid conflicting statements on the abduction of more…
    3 days ago 17 Apr 14, 3:57pm
  • Africa: U.S. Private, Public Sectors Step Up to Power Challenge
    [allAfrica]My grandmother spent her whole life in southern Ethiopia and passed away a few years ago without ever having switched on a light. I also spent much of my early life in Africa, where I saw at first hand the obstacles faced by a society with…
    3 days ago 17 Apr 14, 8:04am
  • Libya: Govt Takes On Major French Bank
    [ThinkAfricaPress]Libya's sovereign wealth fund has filed a bribery case against French bank Société Générale, adding to its $1 billion lawsuit against Goldman Sachs.
    3 days ago 17 Apr 14, 7:05am
  • Africa: 'Super Tax' On Remittances Hurts Development - Thinktank
    [AlertNet]Africans face the highest remittance fees globally, regularly paying a "super tax" to send money home at a cost that hurts families and holds back development in the world's poorest continent, a leading thinktank said on Wednesday.
    3 days ago 17 Apr 14, 5:05am

How We Made it in Africa

CNBC Africa

  • Investigation signals change in China
    Chinese president Xi Jinping has targeted Zhou Yongkang in an extraordinary corruption inquiry.
    16 hours ago 19 Apr 14, 6:19pm
  • Commodities tomorrow: Gold under $1,300
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.
    3 days ago 17 Apr 14, 4:00pm
  • US oil ends higher after data
    Brent crude futures turned lower after Russia said top diplomats have agreed to take immediate steps toward calming tensions in Ukraine.
    3 days ago 17 Apr 14, 2:51pm
  • Ex-BP employee settles SEC case
    A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill.
    3 days ago 17 Apr 14, 12:41pm
  • Putin warns over gas supply
    Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.
    3 days ago 17 Apr 14, 12:05pm
  • Who are the rebels destabilizing Ukraine?
    Deadly clashes in eastern Ukraine have spiked fears of all-out war in the region. So who are the armed, flag-waving rebels who appear to be behind it all?
    3 days ago 17 Apr 14, 7:10am
  • Commodities tomorrow: Oil inventories way up, prices up too
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly on the day in spite of a 10 million barrel build. Nat gas remained over $4.50, and gold was up a bit at the close.
    4 days ago 16 Apr 14, 4:00pm
  • Winnebago CEO: Beginning of healthy recovery
    Randy Potts, Winnebago CEO, shares is thoughts on the state of the U.S. economy and explains why big ticket items, like recreational vehicles are seen as bellwethers of the economy.
    4 days ago 16 Apr 14, 3:19pm
  • Oil surrenders gains on stockpile data
    Crude was tamed after EIA data and sluggish Chinese growth tamed an early rally.
    4 days ago 16 Apr 14, 2:40pm
  • Chart of the day: US natural gas use
    By all accounts, the U.S. is putting its surging natural gas stockpiles to good use.
    4 days ago 16 Apr 14, 1:21pm
  • Cramer's Stop Trading: Domestic oil plays
    CNBC's Jim Cramer explains why he is watching shares of EOG Resources, Pioneer Natural, Noble Energy, Schlumberger and Core Labs. And Cramer shares his thoughts on why investors may want to own Yelp now.
    4 days ago 16 Apr 14, 9:53am
  • What’s next for Ukraine?
    As Russia warns that Ukraine is on the verge of a civil war, here's a look at what could be in store for Ukraine - and what it means for the rest of the world.
    4 days ago 16 Apr 14, 8:01am
  • Oil investors 'on edge' over oil price: Pro
    Kevin Norrish, head of EMEA and Asia commodities research at Barclays, says the oil price has been relatively stable but investors have been kept "on edge" by the Ukraine crisis.
    4 days ago 16 Apr 14, 3:15am
  • Commodities tomorrow: Gold's worst drop this year
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day for stocks, but commodities were not. Crude was down slightly, but could be ready to break out because of Ukraine. Gold closed down $27 on the day, it's w…
    5 days ago 15 Apr 14, 4:00pm
  • Crude down on Libyan supply expectations
    Oil was weaker as Libyan supply was expected to hit the market, and U.S. stockpiles were seen rising.
    5 days ago 15 Apr 14, 2:34pm
  • US court confirms air pollution rule
    A U.S. appeals court upheld a regulation on hazardous air pollution coming from coal-fired plants.
    5 days ago 15 Apr 14, 12:46pm
  • Porsche goes electric
    Porsche is about to start deliveries of its limited-edition 918 Spyder, a plug-in electric hybrid vehicle.
    5 days ago 15 Apr 14, 12:21pm
  • Ukrainian airfield reclaimed from separatists: Report
    Ukraine's Acting President said an airfield in the eastern town of Kramatorsk had been taken back from pro-Russian separatists, Reuters reported.
    5 days ago 15 Apr 14, 11:52am
  • Louisiana's Landrieu: I fight for energy
    The senator says she battles for oil and gas jobs, even if that means defying President Barack Obama.
    5 days ago 15 Apr 14, 9:46am
  • Tense phone call between Obama and Putin
    Obama said to Putin during a phone call that Russia would have to face further sanctions if it continues its actions in Ukraine.
    5 days ago 15 Apr 14, 9:38am
  • How to play crude oil—if you must: Gartman
    If you must, this is how Dennis Gartman would trade oil.
    6 days ago 14 Apr 14, 6:29pm
  • Pro-Russia unrest spreads in Ukraine
    Ukraine's president threatened military action after pro-Russian separatists occupying government buildings in the east ignored an ultimatum to leave.
    6 days ago 14 Apr 14, 5:43pm
  • 'Fracking' debate gets more complex
    Is fracking really behind a surge in domestic seismic activity?
    6 days ago 14 Apr 14, 4:35pm
  • Commodities tomorrow: Oil & gold up on the day
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on strong volume and fears from Ukraine. Gold saw some buying in spite of a stronger dollar. And platinum was higher on a possible mine workers strike in So…
    6 days ago 14 Apr 14, 4:00pm
  • Oil rises Ukraine tension escalates
    Oil on both sides of the Atlantic was lifted by data, and concern over tensions between Russia and Ukraine.
    6 days ago 14 Apr 14, 2:46pm
  • Energy under-owned right now: Trader
    FMHR trader Joe Terranova explains why it's so hard to stock pick right now; and Ben Willis shares his forecast for energy names.
    6 days ago 14 Apr 14, 12:05pm
  • Democrats to Obama: Rule on Keystone
    A group of prominent Democrats have urged the president to make a decision on the controversial pipeline.
    6 days ago 14 Apr 14, 11:09am
  • Opportunities in tech, financials & biotech
    Discussing the health of financial stocks right now, as well as the energy and technology space, with David Spika, Westwood Funds; Drew Matus, UBS; and Jonathan Golub, RBC.
    6 days ago 14 Apr 14, 8:06am
  • Tesla most shorted amid Nasdaq selloff
    Technology stocks in the U.S. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.
    6 days ago 14 Apr 14, 3:52am
  • Why solar is a real energy disruptor
    Solar power's use remains tiny compared with fossil fuels, but the renewable energy may be set to completely reshape the energy market.
    7 days ago 13 Apr 14, 6:45pm
  • China takes on big risks in push for shale gas
    China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.
    8 days ago 12 Apr 14, 5:56am
  • Oil shrugs off demand, supply fears
    Crude ended higher after U.S. data suggested growth was picking up, overwhelming China growth fears.
    9 days ago 11 Apr 14, 2:52pm
  • Ohio regulators link quakes to fracking
    Ohio regulators have drawn a link between fracking and earthquakes in Ohio's shale region.
    9 days ago 11 Apr 14, 12:45pm
  • Energy & transports better economic gauge: Expert
    Valuations in the biotech and tech sector got to ridiculous levels, says Dan Veru, Palisade Capital, discussing what likely drove Thursday's selloff. And Steve Sachs, ProShares Advisors, says revenue growth is going to be the key factor to this seaso…
    9 days ago 11 Apr 14, 7:03am
  • Russia-Ukraine spat is impacting oil forecasts
    The fallout from the diplomatic dispute between Russia and Ukraine will continue to affect the oil price for months, according to the International Energy Agency.
    9 days ago 11 Apr 14, 4:02am
  • ConocoPhillips CEO: Energy investments coming back to US
    Ryan Lance, Conocophillips chairman and CEO, says the energy business has really drove a lot of the GDP growth the country has seen since the recession of 2009.
    10 days ago 10 Apr 14, 4:45pm
  • ConocoPhillips' future really bright: CEO
    Ryan Lance, ConocoPhillips chairman and CEO, looks at production growth of the company and how shale innovations impact its business model.
    10 days ago 10 Apr 14, 4:40pm
  • Commodities tomorrow: Gold a winner today
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks sold off but gold was a big winner as traders moved to bullion. Nat gas was up on a smaller-than-expected build, and crude was down on the day.
    10 days ago 10 Apr 14, 4:00pm
  • Oil hit by China trade figures
    Oil prices fell on Thursday after weak Chinese data, and the prospect of more supply from Libya.
    10 days ago 10 Apr 14, 2:39pm
  • Ukraine spur to EU to change energy policy?
    Connie Hedegaard, European commissioner for climate action, says the Ukraine crisis has reinforced the need for alternative energiy in Europe, as energy dependence has both economic and political implications.
    10 days ago 10 Apr 14, 11:40am
  • Obama feels heat from Dems on Keystone
    President Obama is feeling the heat from within his own party on the Keystone pipeline.
    10 days ago 10 Apr 14, 10:36am
  • US rides the shale boom to China
    A deal between Sinopec and Phillips could signal that the United States is to become the top supplier of LPG to China.
    10 days ago 10 Apr 14, 4:27am
  • Commodities tomorrow: Oil up ... again
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was higher on the day as geopolitical tensions drove the price. Nat gas also popped, as traders looked for another drawdown in supplies. And gold was down today as t…
    11 days ago 9 Apr 14, 4:00pm
  • US oil jumps to new 1 month highs
    Crude rose in reaction to tensions in Ukraine, and minutes from the Fed's policy meeting.
    11 days ago 9 Apr 14, 2:39pm
  • Putin's foreign adventures carry a cost
    The annexation of Crimea carries hidden costs that could hurt an already struggling Russian economy.
    11 days ago 9 Apr 14, 1:25pm
  • China drilling into 'Roof of the World'
    China has begun drilling into the Tibetan Plateau to feed its appetite for raw materials, reports.
    11 days ago 9 Apr 14, 10:24am
  • Moniz: 'Green' includes nuclear and more
    U.S. Energy Secretary Ernest Moniz declared a green loan program alive and well—and not just for renewable energy.
    11 days ago 9 Apr 14, 9:03am
  • Australia's next wave of energy investment under threat
    Australia needs to address issues impeding its oil and gas sector or it risks losing out on $180 billion in investments over the years.
    12 days ago 8 Apr 14, 6:44pm
  • Commodities tomorrow: Ukraine bumps up gold
    CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Escalating tensions in the Ukraine pushed up gold prices, while a lower dollar helped lift oil prices.
    12 days ago 8 Apr 14, 4:00pm
  • Oil fired up over Ukraine, inventories
    Crude got a boost by U.S. inventory expectations and new tensions in Ukraine.
    12 days ago 8 Apr 14, 2:47pm

Africa Business Magazine

news24 Kenya- Business

  • Twitter accused of tax evasion
    Twitter has been urged by Istanbul to open an office and start paying Turkish tax in the first direct talks since a two-week ban imposed on the site.
    5 days ago 15 Apr 14, 1:31am
  • ERC cuts the pump price of diesel and kerosene
    The Energy Regulatory Commission (ERC) cut the maximum retail price of a litre of diesel and kerosene till mid-May but raised the price of a litre of petrol citing an increase in import costs.
    6 days ago 14 Apr 14, 10:12am
  • Amazon offers staff $5 000 to quit
    Online retailer Amazon is offering employees who aren't happy working for the growing company $5 000 to quit.
    6 days ago 14 Apr 14, 3:57am
  • Woolworths has confidence in Kenya as it seeks expansion
    Retail clothing outlet Woolworths says it has confidence in the Kenyan market and will expand in the country, as it eyes a bigger market share in a highly competitive market.
    6 days ago 14 Apr 14, 1:21am
  • KenolKobil swings to full-year profit
    KenolKobil said it had swung into a 564 million shilling pretax profit for last year from a loss of 8.9 bln shillings previously, helped by a reduction in exchange rate losses and falling operating costs.
    9 days ago 11 Apr 14, 9:09am
  • Africa still rising but must cut poverty, create jobs
    African presidents and policy makers are pushing back against pessimism to tell the world their continent's economic boom is real and sustained, but they say it must work harder to roll back poverty and create jobs for its restless youth.
    9 days ago 11 Apr 14, 5:44am
  • Seven Seas postpones IPO to 2017
    Seven Seas Technologies has pushed back its initial public offering until 2017 to allow it time to tap new countries in Africa and reduce its reliance on its home market.
    9 days ago 11 Apr 14, 3:25am
  • Bidco to invest $200 million by 2017
    Bidco will invest about $200 million by 2017 in new product categories to meet growing demand, the head of the company said.
    9 days ago 11 Apr 14, 1:12am
  • Telkom partner with counties to deliver internet
    Orange Telkom, the integrated telecommunications service provider, said it is keen on delivering key services to counties by engaging with governments on a public-private-partnership basis.
    10 days ago 10 Apr 14, 11:47am
  • KQ expects return to profit, teams with low-cost carrier
    KQ expects to return to full-year profit, its commercial director said, as the carrier announced a deal to broaden its presence in Africa's nascent low-cost airline market.
    10 days ago 10 Apr 14, 8:59am

Bloomberg Business Week

BD Opinion & Analysis

  • Review curriculum in technical institutions
    Technical and Vocational Education and Training (TVET) is today the weakest link in the entire education system yet we require a skilled workforce to roll out key projects identified in the Vision 2030 development blueprint.
    5 days ago 15 Apr 14, 12:10pm
  • How economy fared in last quarter
    The past quarter saw the economy remain stable at the macro level with inflation holding out at an average of 6.78 per cent
    5 days ago 15 Apr 14, 12:10pm
  • CBK Bill right on loans
    The suggestion that the Central Bank of Kenya (CBK) will offer cash to regulated deposit-taking microfinance institutions, commercial banks and mortgage companies in times of liquidity crisis is likely to help small players hedge against the vagaries…
    5 days ago 15 Apr 14, 12:05pm
  • NSSF should not punish private sector pension funds
    The prospect of tripling monthly pension collections seems to have blinded National Social Security Fund officials to the burdens the private sector bears as it grapples with the import of new statutory contributions.
    5 days ago 15 Apr 14, 12:05pm
  • Jubilee lays ground for development of infrastructure
    Any first term government has to go through specific motions in respect of its target projects.
    5 days ago 15 Apr 14, 11:57am
  • Parliament must support ban on scrap metal exports
    Kenya faces various socio-economic challenges, including high unemployment, unequal distribution of wealth, high levels of poverty and insecurity.
    6 days ago 14 Apr 14, 10:44am
  • Western states now mending fences
    One year after Kenya’s 2013 General Election, there are positive signs that indicate general mending of diplomaticfences between Nairobi and Euro capital cities like London, Paris, Brussels, Washington.
    6 days ago 14 Apr 14, 10:44am
  • Address varsity fee fears
    The Commission for University Education has set the stage for a review of tuition fees at the public universities in September with the identification of trustees to a board mandated by law to do so.
    6 days ago 14 Apr 14, 10:42am
  • GDP review good but only if we put our house in order
    Kenya is set to become a Middle- Income Country in September after rebasing of its national economic data.
    6 days ago 14 Apr 14, 10:42am
  • Mainframe computer at a crossroads as technology landscape changes rapidly
    Last week I spent some time in New York, at the invitation of technology company IBM, for an important anniversary.
    6 days ago 14 Apr 14, 10:32am
  • Let’s change our terrorism fighting tactics
    Since my column appeared last Monday, security forces in Nairobi have detained a total of nearly seven thousand ethnic Somalis mainly from Eastleigh district for interrogation.
    7 days ago 13 Apr 14, 10:58am
  • Increase health funding
    Reports that the Bill and Melinda Gates Foundation will give the government Sh1 billion to combat neglected tropical diseases are quite welcome.
    7 days ago 13 Apr 14, 10:55am
  • Provision of free legal aid to the poor timely
    A majority of Kenyans believe, and rightly so, that legal services are only for those with money.
    7 days ago 13 Apr 14, 10:55am
  • Incorruptible CEO sets standards for excellent management of parastatals
    How one business leader stood up to a rogue board of directors that had completely lost sight of their oversight role.
    7 days ago 13 Apr 14, 10:46am
  • It’s time we rescued tourism from slow death
    This article was prompted by a number of meetings I had with various tourism industry players at last month’s ITB fair in Berlin, Germany.
    7 days ago 13 Apr 14, 9:48am

Property - The Star

  • Village Market embarks on Sh5bn upgrade
    NAIROBI's prime shopping and recreation complex, Village Market, is set to undergo a major redevelopment starting next month after securing a Sh5 billion loan. It plans to erect a 187-room, 500-person capacity conference facility set to be ready in…
    5 days ago 15 Apr 14, 5:00pm
  • Mandatory real estate contracts for Dubai
    Property contracts in Dubai will become mandatory from May 1 in a bid to clarify the roles of buyers, sellers and brokers, the Dubai Land Department has confirmed. The new contracts are expected to speed up property transactions, make it easier for…
    5 days ago 15 Apr 14, 5:00pm
  • Building bonanza to change face of JKIA
    JOMO Kenyatta International Airport is set for a major facelift in a few years time as various construction projects get underway. The airport which has over the years undergone a series of touch-ups and renovations is looking to achieve world class…
    5 days ago 15 Apr 14, 5:00pm
  • Family invests over Sh100m in Baringo hotel venture
    A family in Baringo county has started counting benefits of having invested in their home county to tap increasing demand for hospitality services by tourists. Dan and Lucy Sogomo, and their two children Cheruto and Roy Sogomo, are directors of Kibe…
    12 days ago 8 Apr 14, 5:00pm
  • How a house is built: From conception to actual construction
    Many people dream of owning homes, whether through buying or building on their own. Whichever route you choose, it is good to know the process it takes to have your home ready. Broadly, the process of building a house starts with design and can be s…
    12 days ago 8 Apr 14, 5:00pm
  • Tally of Reit managers up as three more get licences
    The number of licensed Real Estate Investment Trusts managers has risen to five following the approval of three more by the capital markets regulator. CIC Asset Management, Fusion Investment Management and Stanlib Kenya have been issued with licence…
    12 days ago 8 Apr 14, 5:00pm
  • Quantity surveyors mark two decades
    The Institute of Quantity Surveyors of Kenya is today marking 20 years of service to the building and construction industry and will highlight plans for the next 17 years. It is to unveil a strategic plan outlining its targets in line with the count…
    12 days ago 8 Apr 14, 5:00pm
  • Autodesk unveils architectural suite in Nairobi
    Autodesk Africa, which makes three-dimension design, engineering and entertainment software, will formally unveil its building information modelling suite for architects in Nairobi tomorrow. It will showcase products in building technology used by s…
    12 days ago 8 Apr 14, 5:00pm
  • Rents for expats in Nairobi edging up
    Multinational firms and diplomatic corps posting staff in Nairobi have had to part with higher compensation for accommodation costs as rents for high-end apartments rise. Nairobi’s rents increased by 23 per cent in 2013 for a three-bedroom high-en…
    19 days ago 1 Apr 14, 5:00pm
  • Kempinski calls the shots
    Delegates attending a two-day property investment conference in Nairobi will pay the highest rates for accommodation at Kempinski Villa Rosa, showing the new hotel commands a status over established brands. A single room has been priced at $250 (Sh2…
    19 days ago 1 Apr 14, 5:00pm
  • Nairobi rent hike fastest globally
    Rent increases for high-end homes in Nairobi have outperformed top cities worldwide for the third year in a row, data from global property firm Knight Frank show. Nairobi has back-to-back topped the list of 17 cities tracked by the index, which targ…
    19 days ago 1 Apr 14, 5:00pm
  • Three-bedroom house ready within 14 days
    Prospective home-builders wishing to move into new houses within a month now have a solution in a prefabricated technology that can deliver a three-bedroom house in two weeks. A Malaysian company, Koto Housing Ltd, is the latest entrant into the mar…
    26 days ago 25 Mar 14, 5:00pm
  • How we can prevent the rapid urban sprawl in Nairobi and environs
    Urban sprawl is defined as the fast spread of a city or its suburbs and often involves construction of residential and commercial buildings on otherwise undeveloped land in the outskirts. Over 80 per cent of Kenya’s economy relies on agriculture,…
    26 days ago 25 Mar 14, 5:00pm
  • Counties property taxes hurt builders
    Surveyors have warned that county governments' huge appetite for fat property taxes could slow down targeted property developments, the Institution of Surveyors of Kenya has warned. ISK on Monday said the astronomical adjustment of property taxes, b…
    26 days ago 25 Mar 14, 5:00pm
  • Property rights regime hurts small businesses
    Small businesses in Nairobi are faced with high costs of accessing commercial tenancy owing to widespread use of informal estate agents, a survey by the Institute of Economic Affairs finds. Micro and small enterprises are forced to part with additio…
    26 days ago 25 Mar 14, 5:00pm

CEO Magazine

  • Citadel Capital buys out TransCentury stake in Rift Valley Railways
    By our reporter Capital Subsidiary Africa Railways, lead investors in the Kenya and Uganda railways has completed a transaction that has seen it purchase a 34% equity stake in RVR from Safari Rail Company Limited, a wholly owned subsidiary of Nairobi…
    12 days ago 8 Apr 14, 4:57am
  • Bank of Uganda holds Key lending rate at 11.5% for the 5th time
    By Taddewo Senyonyi Bank of Uganda (BoU) on April2, 2014 maintained its benchmark rate, the Central Bank Rate (CBR), used for controlling inflation at 11.5% for the fifth time running, citing downside risks to economic growth. This followed an increa…
    17 days ago 3 Apr 14, 10:13am
  • Hima Cement’s sustainability plan to boost value addition
    By Silvia Nyambura With increased competition expected in the regional cement industry, influx of counterfeit products and a rise in import cement, Hima Cement a subsidiary of the Lafarge Group has announced its plan to stay competitive in 2014 in l…
    24 days ago 27 Mar 14, 3:46am
  • MTN Uganda holds 2nd annual forum to honor women

    26 days ago 25 Mar 14, 12:20pm
  • Vivo Energy launches mobile fuel testing laboratory
    Motorists and other fuel consumers will be more assured of quality uncontaminated fuels following the introduction of a mobile fuel testing laboratory by shell licensee Vivo Energy. The lab will collect samples randomly from Shell retail outlets and…
    30 days ago 21 Mar 14, 3:00am
  • Smart Telecom launches in east Africa
    Silvia Nyambura  Smart Telecom has become the 7th player to join Uganda’s competitive telecom sector after having bought off Sure Telecom’s operations in Uganda as well as established in Tanzania and Burundi in a US$ 300 million investment. The…
    34 days ago 17 Mar 14, 8:39am
  • Focus on 2014: DHL Express positions itself as most preferable logistics provider
    By Silvia Nyambura Founded in America in 1969 initially to deliver documents between two American States, DHL Express is a division of German Logistics Company Deutsche Post, DHL boasts of being the largest entity in the global courier industry that…
    37 days ago 14 Mar 14, 7:39am
  • WB forum on Higher Education for Science ,Technology and Innovation ends
    By Patrick Kagenda A two  day forum organized by the World Bank ended March 13,2014  in Kigali Rwanda where the World Bank,in collaboration with H.E. Paul Kagame, the President of Rwanda, hosted the forum with a theme Higher Education for Science,…
    37 days ago 14 Mar 14, 3:51am
  • Vivo Energy introduces road safety education
    Silvia Nyambura In fulfilling part of its corporate social responsibility, Vivo Energy the distributers of Shell products in Uganda has introduced a road safety education program to raise awareness in a bid to reduce road carnage. The program which i…
    38 days ago 13 Mar 14, 9:24am
  • Retirement Benefits Liberalization Bill not withdrawn ….. Muhakanizi
    By Our Reporter Following what transpired in a stakeholders meeting held on February 25, 2014 at Imperial Royale Hotel during a meeting which the Permanent Secretary and Secretary to the Treasury had recommended in an earlier meeting to consider the…
    38 days ago 13 Mar 14, 3:22am

Kenyan Shilling Exchange Rate


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