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  • Kenya’s mobile phone subscriptions hit 32.2mn
    NAIROBI, Kenya, Oct 30 – Kenya’s mobile phone subscriptions grew by 5.6 percent over the last one year to stand at 32.2 million at the end of the 2013/2014 financial year fourth quarter, translating into a mobile penetration level of 79.2 percent…
    1 hour ago 30 Oct 14, 7:49am
  • Samsung introduces Galaxy Note 4 in Kenya
    NAIROBI, Kenya, Oct 30 – Samsung Electronics East Africa announced the expansion of its flagship Galaxy Note series with the new Galaxy Note 4, the most progressive mobile device on the market. Blending an evolved S Pen as well as superior viewing,…
    4 hours ago 30 Oct 14, 4:48am
  • Samsung posts 48.8% drop in Q3 net profit
    Samsung Electronics said Thursday its third-quarter net profit plunged nearly 50 percent from a year ago to 4.22 trillion won ($4 billion). The South Korean electronics giant reported operating profit of 4.06 trillion won for July to September, down…
    5 hours ago 30 Oct 14, 3:23am
  • IBM dips into Twitter stream for business insights
    Twitter on Wednesday announced a partnership to let computing powerhouse IBM dip into the public stream of tweets to provide businesses with insights for making decisions. “Twitter provides a powerful new lens through which to look at the world —…
    6 hours ago 30 Oct 14, 3:02am
  • To Move or Improve? #PropertyInsights
    Sooner or later, most home owners must decide whether it makes more sense to move or remodel. Your current home is cramping your style. Perhaps the family has outgrown the house, maybe you need more space for your expanding family, maybe the ceiling…
    6 hours ago 30 Oct 14, 2:51am
  • Hackers breach White House computer system, Russia suspected
    The White House’s unclassified computer network was recently breached by intruders, a US official said Tuesday, with The Washington Post newspaper reporting that the Russian government was thought to be behind the act. “In the course of assessing…
    22 hours ago 29 Oct 14, 10:35am
  • Kenya doing business WB report not conclusive – Mohamed
    NAIROBI, Kenya, Oct 29 – Kenya’s ranking in the just released Doing Business Report 2015 by World Bank, could have been much better if numerous reforms by the government so far were captured. This is according to Industrialisation and Enterprise…
    23 hours ago 29 Oct 14, 9:50am
  • Kenya edges rank higher in WB doing business report
    NAIROBI, Kenya, Oct 29 – Kenya has improved by one position in the World Bank Doing Business Report 2015, where it ranks at position 136 out of 189 nations globally compared to the 2014 report where it ranked 137 in the ease of doing business. The…
    24 hours ago 29 Oct 14, 8:54am
  • LG Electronics reports Q3 profit jumps 87%
    LG Electronics reported Wednesday an 87 percent jump in third-quarter net profit from a year ago after profits from its mobile unit surged to a five-year high. Net profit for the South Korean electronics giant in the July-September period amounted to…
    1 day ago 29 Oct 14, 8:26am
  • Nintendo logs $132 million first half net profit
    TOKYO, October 29- Japanese videogame giant Nintendo said Wednesday its first-half net profit soared to $132 million as a sharply weaker yen boosted its bottom line and offset slowing sales. The Kyoto based company earned 14.3 billion yen between Ap…
    1 day ago 29 Oct 14, 4:26am

N-Soko Property Show

N-Soko Property Show Episode 69N-Soko Property Show Episode 69 For more news visit Follow us on Twitter Like our FaceBook page http://w...
4 days ago 26 Oct 14, 11:14am
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7 days ago 22 Oct 14, 10:04pm
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18 days ago 12 Oct 14, 11:51am
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25 days ago 5 Oct 14, 10:22am
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28 days ago 2 Oct 14, 6:15am
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32 days ago 28 Sep 14, 12:30pm

Daily Nation Business

The EastAfricanBusiness

Business Today

The Star

  • Tourism players say Kenya losing out to Tanzania
    KENYAN hoteliers are concerned that the country’s tourism industry is losing out to Tanzania ahead of the December festive season. According to industry players, Tanzania which has trailed Kenya in the regional tourism sector has put up a strong m…
    5 hours ago 30 Oct 14, 4:00am
  • NSE outperforms SA, Nigeria despite losing streak
    THE equity markets have been on a losing streak since striking multi-year highs late last month. The Nairobi All Share closed at a record high on September 23 before retreating 4.202% through yesterday morning. Similarly, the Nairobi NSE20 closed at…
    5 hours ago 30 Oct 14, 4:00am
  • KRA outlaws night cargo clearance at small ports
    KENYA Revenue Authority has issued new directives restricting night operations along all gazetted customs coastal ports. This affects loading and offloading of cargo at the small ports mainly served by dhows. In a public notice, the authority said i…
    5 hours ago 30 Oct 14, 4:00am
  • National Oil cuts diesel prices in all its outlets
    State owned National Oil yesterday announced a Sh1 price reduction for diesel. This brings down diesel prices at the firms outlets to Sh99.60 in Nairobi down from the ERC maximum of Sh100.67. The company said in statement the reduction is aligned to…
    5 hours ago 30 Oct 14, 4:00am
  • Broader Membership Is Crucial To Long Term Growth Of The NHIF
    The National Health Insurance Fund is yet to convince employers that an increase in monthly contributions is warranted. NHIF has traditionally drawn its membership from the formal employment sector. In fact, the current status where membership is co…
    5 hours ago 30 Oct 14, 4:00am
  • Kenya refutes World Bank 'doing business' rankings
    KENYA yesterday dismissed World Bank's annual ease of doing business rankings that placed it at position 136 out of 189 countries, just one position better than last year. The bank's 'Doing Business 2015: Going Beyond Efficiency' released on Tuesday…
    5 hours ago 30 Oct 14, 4:00am
  • Setting appropriate goals for your brand
    If you are successful in business you tend to drive yourself hard. If you are a competent brand owner or brand manager you often set ambitious goals for your brand. Aiming high. But sometimes it is worth pausing to consider those goals objectively.…
    1 day ago 29 Oct 14, 4:00am
  • A strong-willed Wanjiku succeeds in roofing venture
    Leaving a secure job to start up a business is one of the boldest moves to make, but it’s what distinguishes entrepreneurs – the courage to risk. That’s what would probably define Irene Wanjiku, 31, who quit her job at a construction firm in N…
    1 day ago 29 Oct 14, 4:00am
  • Jamii Bora to finance large cable tenders
    Jamii Bora Bank and East African Cables have signed singed a deal that will see the bank provide credit facilities to cable customers supplying to government, utilities and various project. Focus will be on tenders that fall under the government's 3…
    1 day ago 29 Oct 14, 4:00am
  • CBK enters market to mop up Sh10 billion
    Kenya's central bank was in the money market yesterday to mop up Sh10 billion in excess liquidity, using repurchase agreements and term auction deposits. By mopping up liquidity, the bank makes it relatively costlier to hold onto long dollar positio…
    1 day ago 29 Oct 14, 4:00am
  • Treasury seeks more cash for key projects
    THE government yesterday started selling the second tranche of its Sh35 billion infrastructure bond in a tap sale that will run up to November 20. A tap sale or issue is a procedure that allows borrowers to sell bonds or other short-term debt instru…
    1 day ago 29 Oct 14, 4:00am
  • State yet to take charge of domant assets three years later
    UNCLAIMED Financial Assets Authority maintains it will take take over abandoned financial accounts by end of November even as it increasingly appears not ready for the third year from the effective date. Chairman Vincent Kimosop said an investment t…
    1 day ago 29 Oct 14, 4:00am
  • Creditors launch dispute centre for loan defaulters
    CREDITORS have moved to set up an Alternative Dispute Resolution centre in anticipation of disagreements arising from increasing sharing of credit reports by financial institutions. The Association of Kenya Credit Providers is Friday next week set t…
    1 day ago 29 Oct 14, 4:00am
  • Fastjet application put on hold by aviation regulator
    The Kenya Civil Aviation Authority has deferred Fastjet Kenya Ltd’s air service licence application, dealing a blow to the low-cost airline’s ambitions to enter the local market. Fastjet Kenya, a subsidiary of London-listed Fastjet Plc, was seek…
    2 days ago 28 Oct 14, 4:00am
  • Shoppers' credit info to factor in other loans
    CREDIT history of a person based on their shopkeeper's records could in the near future determine the rate of interest one will pay at a bank, credit providers said yesterday in Nairobi. Association of Kenya Credit Providers said it would over the n…
    2 days ago 28 Oct 14, 4:00am

How We Made it in Africa

CNBC Africa

  • Brent drops below $87 on Fed optimism
    Brent oil fell below $87 on Thursday, pressured by a stronger U.S. dollar after the Fed painted a brighter outlook for the U.S. economy.
    2 hours ago 30 Oct 14, 6:37am
  • Australia: top LNG exporter by 2018?
    Australia is set to become the largest liquefied natural gas (LNG) exporter by 2018, according to HSBC.
    7 hours ago 30 Oct 14, 1:50am
  • Here's why it's time to buy into oil and gas stocks
    Apart from expecting a rebound in oil prices, energy shares are now trading at cheap valuations, says Nicholas Ferres, Investment Director for Global Asset Allocation at Eastspring Investments.
    10 hours ago 29 Oct 14, 11:17pm
  • Concerns regarding energy security in Asia
    Amos Hochstein, Acting Special Envoy at the U-S State Department's Bureau of Energy Resources, outlines key discussion topics at the Singapore International Energy Week.
    10 hours ago 29 Oct 14, 11:06pm
  • NY state to set up upstate fuel reserve
    To ensure there is enough gas and diesel fuel for emergency responders during crises, New York state will set up new fuel reserves in upstate NY.
    16 hours ago 29 Oct 14, 4:48pm
  • Commodities tomorrow: OPEC says 'don't panic'
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was lower before the Fed meeting. A hawkish tone by the Fed didn't help. Oil was up slightly on the day on some technical buying and short covering. OPEC says don't…
    17 hours ago 29 Oct 14, 4:00pm
  • Oil dips below $87 after Fed statement
    Brent crude dipped below $87 a barrel on Wednesday after the Federal Reserve announced the end of its bond-buying program.
    18 hours ago 29 Oct 14, 2:27pm
  • Still happy talk from oil producers
    Oil companies are shying away from commenting on outlook as crude oil falls to multi-year lows.
    19 hours ago 29 Oct 14, 1:36pm
  • Don't panic, OPEC leader says
    Low prices will help curb competing supplies and require OPEC to pump far more by the end of the decade, OPEC's secretary general said.
    22 hours ago 29 Oct 14, 11:16am
  • Russia gas talks could leave EU cold
    Europe could be plunged into an energy crisis this winter if last-ditch talks on Wednesday fail to see Russia resume gas flows to Ukraine.
    23 hours ago 29 Oct 14, 9:44am
  • $3 gas for the holidays?
    Carl Larry, Oil Outlooks and Opinions, shares his outlook on oil as crude prices hover around $80 and the U.S. become increasingly oil independent.
    1 day ago 29 Oct 14, 6:13am
  • Libya near ‘point of no return’
    Libya is nearing a “point of no return”, as warring factions struggle to agree on a political future, a UN envoy has warned.
    1 day ago 29 Oct 14, 3:47am
  • Weak oil price hits Total results
    Total warned that sliding oil prices had hit its third-quarter results and could weigh for the rest of 2014.
    1 day ago 29 Oct 14, 3:40am
  • Statoil in shock Q3 net loss
    Norwegian energy firm reports an unexpected third-quarter net loss, weighed down by impairment charges on projects from Canada to Angola.
    1 day ago 29 Oct 14, 1:54am
  • Commodities tomorrow: Gold sells off ahead of Fed
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks were up, and so was crude oil. Traders still expect prices to go lower in the next few days.
    2 days ago 28 Oct 14, 4:00pm
  • Falling gasoline prices boost economy
    Gas prices could fall below $3 a gallon nationwide by the weekend and should boost consumer spending and add to GDP growth.
    2 days ago 28 Oct 14, 3:22pm
  • These oil stocks could pop: Analyst
    West Texas intermediate crude goes below $80 a barrel, hitting two-year lows. Some analysts predict it could go lower.
    2 days ago 28 Oct 14, 2:23pm
  • GM doubles down on Volt
    Despite lackluster sales, General Motors is not backing down from its commitment to the Chevy Volt.
    2 days ago 28 Oct 14, 1:25pm
  • Crude has yet to bottom, says pro
    WTI crude oil prices could soon fall to $75 a barrel, says some market observers.
    2 days ago 28 Oct 14, 1:10pm
  • Brent steadies below $86
    Brent crude oil steadied below $86 a barrel on Tuesday, after dipping close to $85 earlier in the day as the U.S. dollar fell.
    2 days ago 28 Oct 14, 10:25am
  • For some states, cheap oil isn't good
    The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.
    2 days ago 28 Oct 14, 10:15am
  • I'm not cutting oil production: Hamm
    Oil titan Harold Hamm tells CNBC: Don't believe the hype. "There's not a glut in the market at all."
    2 days ago 28 Oct 14, 9:07am
  • Could shale help US beat Saudi Arabia?
    Fracking could open the way for the U.S. to overtake Saudi Arabia as the world's top oil producer, Platts said in a report on Tuesday.
    2 days ago 28 Oct 14, 9:05am
  • Who benefits from cheap oil?
    CNBC's Dominic Chu takes a look at those sectors that are set to gain as oil prices fall.
    2 days ago 28 Oct 14, 7:12am
  • BP raises dividend despite oil price drop
    BP upped dividends as it saw a jump in operating cash flow, despite lower oil prices and a drop in contributions from Russia.
    2 days ago 28 Oct 14, 3:50am
  • Gartman likens crude to whale oil
    Crude oil is going the way of the fossils that comprise it, Dennis Gartman says.
    3 days ago 27 Oct 14, 6:34pm
  • OPEC losing pricing influence to US?
    OPEC is losing its price-setting influence on global oil prices to U.S. shale production, according to Goldman Sachs analysts.
    3 days ago 27 Oct 14, 5:22pm
  • $75 oil: Winners & losers
    Who is impacted most by falling oil prices, with Stephen Schork of The Schork Report.
    3 days ago 27 Oct 14, 4:37pm
  • Commodities tomorrow: How low should oil go?
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil fell below $80 today, but did close around $81.
    3 days ago 27 Oct 14, 4:00pm
  • $70 oil won't slow down U.S. growth: Pro
    If OPEC doesn't cut production, oil prices may continue to fall, Citigroup's Eric Lee said.
    3 days ago 27 Oct 14, 3:58pm
  • US WTI settles a penny lower, at $81
    Oil prices settled modestly lower after touching a 28-month low earlier after Goldman Sachs slashed its price forecasts.
    3 days ago 27 Oct 14, 2:37pm
  • Watch Cashin: Oil is moving stocks
    Art Cashin of UBS Financial Services says that if oil falls below $80 it could pressure stocks.
    3 days ago 27 Oct 14, 2:14pm
  • OPEC may be forced to act on oil
    Speculation increases that the Organization of Petroleum Exporting Countries will cut production at its Thanksgiving meeting.
    3 days ago 27 Oct 14, 11:57am
  • Ex-Chesapeake boss backs young hedgies
    Aubrey McClendon is back in the hedge fund game, but this time he's taking a far more indirect approach.
    3 days ago 27 Oct 14, 11:10am
  • Take advantage of energy selloff: Pro
    Discussing U.S. market volatility and buying opportunities in energy, with Brian Belski, BMO Capital Markets, and Hank Smith, Haverford Investments.
    3 days ago 27 Oct 14, 10:30am
  • Oil collapse; Traders not surprised
    Oil traders are watching the strengthening dollar, as the price of crude declines, reports CNBC's Jackie DeAngelis.
    3 days ago 27 Oct 14, 9:45am
  • Goldman slashes 2015 oil price forecast
    Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions.
    3 days ago 27 Oct 14, 7:45am
  • Earnings in the energy sector look grim
    After energy shares led the recent stock market selloff, investors are eyeing earnings to see if the sector can pull itself out of the pit.
    3 days ago 27 Oct 14, 5:23am
  • Are low oil prices here to stay?
    Oil prices at multi-year lows may be just the beginning, with some forecasting "black gold" may permanently lose its luster.
    3 days ago 27 Oct 14, 12:09am
  • Oil's slide not a boon to Asian refiners
    A 25 percent slide in crude prices should mean a windfall for Asian refiners, but instead they are facing a major drag on profits.
    4 days ago 26 Oct 14, 7:25pm
  • Oil swoon drives US gas to 4 year low
    The average price of U.S. retail gasoline dropped to the lowest level in nearly four years, driven by plunging oil prices, the Lundberg survey said.
    4 days ago 26 Oct 14, 5:09pm
  • Ford tries to charge up electric sales
    With gas prices down, analysts say it will be even more difficult to persuade buyers to opt for vehicles that plug in.
    4 days ago 26 Oct 14, 11:02am
  • Here's why oil could slide further
    Crude oil continues to flirt with the key $80 per barrel level, signaling another possible sharp leg down in price in the coming weeks.
    6 days ago 24 Oct 14, 1:35pm
  • Russian relief: Ratings held steady
    Standard & Poor's affirmed its ratings on Russia Friday, providing relief to markets that had feared a downgrade.
    6 days ago 24 Oct 14, 12:09pm
  • Ford may build Tesla-like vehicle
    Ford CEO Mark Fields says the company is considering a Tesla-style high performance electric vehicle, USA Today reports.
    6 days ago 24 Oct 14, 11:55am
  • Cashin says expect volatility in oil
    Investors should keep an eye on the S&P 500 reaching a resistance level, and oil shale plays, says UBS's Art Cashin.
    6 days ago 24 Oct 14, 11:40am
  • Oil near $86 on strong supply, Ebola case
    Brent crude fell below $86 a barrel on Friday on news of strong supply from OPEC producers and a case of Ebola in New York.
    6 days ago 24 Oct 14, 8:56am
  • CAT versus crude: Why nothing can save oil
    With Caterpillar rallying, could crude, which was closely correlated with the price of Caterpillar stock, soon follow?
    7 days ago 23 Oct 14, 5:00pm
  • Commodities tomorrow: What will OPEC do?
    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil finished strong today, as stocks were up, as well. Meanwhile, gold got whacked today.
    7 days ago 23 Oct 14, 4:00pm
  • AEP CEO: Great quarter
    Nicholas Akins, AEP chairman, president and CEO, discusses earnings and moves in the company's stock price. Akins also provides insight into the production of shale.
    7 days ago 23 Oct 14, 3:35pm

Africa Business Magazine

  • Power Nigeria Exhibition To Open This Week
    Power Nigeria to provide platform for the latest product launches as power capacity in the country is set to increase to 135 GW by 2030   One of Nigeria’s leading power exhibition’s, dedicated to the burgeoning African power industry, opens in L…
    4 days ago 26 Oct 14, 7:50am
  • Nigeria needs to adopt clean energy sources
    Nigeria has been urged to reduce the overreliance on fossil fuels in energy generation and adopt renewable resources.   Segun Adaju, Chief of Party, Renewable Energy and Energy Efficiency Project (REEEP), Winrock International, Nigeria, said it is i…
    5 days ago 25 Oct 14, 9:03am
  • West Africa nations must pull together to increase access to electricity
    Increasing electricity access in West Africa will only be possible if nations look beyond national barriers in addressing the challenges facing the electricity sector.   Mrs Ifey Ikeonu, the Legal Council Member of Economic Community of West African…
    5 days ago 25 Oct 14, 8:54am
  • Inmarsat spackles GITEX with new innovations
    Mobile satellite communications company Inmarsat has unveiled major innovations designed to deliver the most powerful, portable and flexible connectivity services on a global scale. The innovations, which were launched during the GITEX Technology Wee…
    5 days ago 25 Oct 14, 8:46am
  • South Africa: Electricity Pricing Paralysing the Poor
    By Thembie Chehore, Research Associate for Energy & Environment at growth consulting firm Frost & Sullivan Africa The electricity sector in South Africa has been in a state of disruption over the last few years. The country’s power utility company,…
    5 days ago 25 Oct 14, 8:36am
  • The five best (and worst) ways to spend your money
    Careful financial management can be your ticket to a worry-free life, says financial services company Efficient Group, sponsor of the Investment & Retirement Expo, featuring the Property Expo. The trick is to know what to invest your money in, and wh…
    5 days ago 25 Oct 14, 8:21am
  • Frost & Sullivan: Mobile Connectivity and Growing Data Services Drive the Telecoms Market in Africa
    Fixed line communication rates a mere 3.6% in 2013   A colossal disparity exists between fixed and mobile communication penetration rates across Africa. While mobile communications captured 96.4 percent of the subscriber market share in 2013, fixed…
    5 days ago 25 Oct 14, 7:35am
  • International Property Show 2015
    Welcome to the 11th International Property Show – IPS 2015 – a pioneering event held annually in Dubai for international and local companies involved in the sales and promotion of real estate to individual and institutional investors. Commencing…
    5 days ago 25 Oct 14, 6:49am
  • MVNOs Industry Summit USA
    MVNOs Industry Summit USA is the 2nd flagship event from the MVNOs Industry Summit Series covering 7 major markets (Europe, Latam, CEE, Middle East, Africa, Asia, USA). The rate of growth the event has experienced in the past 4 years has rapidly brou…
    5 days ago 25 Oct 14, 6:42am
  • Migration Information Centre for Young People Opens in Tunis
    IOM and Tunisia’s National Observatory for Youth (ONJ) will today (24/10) open a new Swiss-funded Migration Information Center for young people in Tunis. The centre, which is backed by the Swiss Agency for Development and Cooperation (SDC), will pr…
    5 days ago 25 Oct 14, 6:31am

news24 Kenya- Business

Bloomberg Business Week

BD Opinion & Analysis

  • Islamic banking poised to reshape financial sector
    Some swift but quiet revolution is taking place in Kenya’s financial sector, a development that promises to shape the future of banking in the country.
    22 hours ago 29 Oct 14, 11:04am
  • Let’s change maize production methods
    We must deliberately intervene through policy and discourage subsistent farming while at the same time promoting large scale farming with a more consistent sources of water.
    22 hours ago 29 Oct 14, 11:02am
  • EDITORIAL: Spend land money wisely
    Much of the brouhaha surrounding compensation for land that the national government compulsorily acquired to lay the standard gauge railway appears to have finally been resolved.
    22 hours ago 29 Oct 14, 10:54am
  • EDITORIAL: Mass transit system the way out of Nairobi nightmare
    Since the implementation of the so-called Michuki Rules on February 1, 2004 Nairobi has virtually come to a standstill.
    22 hours ago 29 Oct 14, 10:54am
  • Urbanisation denying counties the best brains
    Home countries find they are sending off possibly their smartest brains to foreign nations, with no guarantee these individuals will return to apply what they have learnt abroad to improve their home nations.
    22 hours ago 29 Oct 14, 10:48am
  • Digital registration sets stage for growth in financial services sector
    The establishment of the National Digital Registry Service would aid expansion of this sector and increase its contribution to economic growth.
    22 hours ago 29 Oct 14, 10:36am
  • Strengthen public audit office for better funds usage
    The auditor-general, in the 2012/13 report, admits that he was unable to fully comply with Article 229(6) of the Constitution which urges him to confirm whether or not public money was used lawfully and effectively.
    2 days ago 28 Oct 14, 12:03pm
  • The youth key to Kenya’s future growth plans
    Kenya’s future economic growth and its sustainability lie primarily in educating and training its youth and matching them to appropriate jobs.
    2 days ago 28 Oct 14, 11:59am
  • EDITORIAL: Apply PhD rule carefully
    The guidelines by the Commission for University Education stipulating that all lecturers hold PhDs in order to teach at the institutions of higher learning should be applied with care
    2 days ago 28 Oct 14, 11:53am
  • EDITORIAL: Prosecute officials who looted county property
    The Transition Authority (TA) says that some assets worth billions of shillings and which belonged to the former local authorities were never transferred to the county governments.
    2 days ago 28 Oct 14, 11:53am

Property - The Star

  • US services sector slows as pending home sales miss recovery forecast
    The US services sector activity dipped to a six-month low in October, while manufacturing output in Texas dipped, pointing to some moderation in economic growth early in the fourth quarter. Other data on Monday showed contracts to buy previously own…
    1 day ago 29 Oct 14, 4:00am
  • Trans Nzoia in plan to woo real estate investors
    Trans Nzoia Governor Patrick Khaemba has said the county is at advanced stages to avail requisite trade aids to woo investors into Kitale town. Khaemba said he has discussed with Kenya Power and the Rural Electrification Authority, which are set to…
    1 day ago 29 Oct 14, 4:00am
  • Home prices rise on lag impact of high interest rates
    ASKING prices for properties accelerated in the third quarter driven by a slowdown in new constructions, occasioned by lag effects of high interest rates of 2011 and 2012. The Hass Property Index shows asking prices for apartments, detached houses a…
    1 day ago 29 Oct 14, 4:00am
  • Why Madrid's poor fear Goldman Sachs, Blackstone
    Last year, Madrid's city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. At the time, the tenants were told their rental conditions would remain the same. However,…
    1 day ago 29 Oct 14, 4:00am
  • New spatial plan to unlock Iten real estate
    Elgeyo Marakwet county will carry out fresh physical planning of Iten town, its headquarters, with a view to wooing investors in housing and hospitality sectors. The town’s population is increasing rapidly, creating a housing crisis that has force…
    1 day ago 29 Oct 14, 4:00am
  • Nairobi county estates evolve into slums
    Soaring rents, inadequate housing and high commute costs within Nairobi are spurring slums in the county-owned residential estates such as Ziwani, Muthurwa, Bahati, Jericho and Maringo. Tenants subletting the shacks – which are extensions to the o…
    8 days ago 22 Oct 14, 3:00am
  • Insurer to spend Sh1.7bn on hotel, country homes
    CIC Group has set aside 34 per cent of its recently raised Sh5 billion bond cash for real estate developments, it said last week. The firm is looking to develop 712 acres of land in the outskirts of Nairobi, targeting commercial blocks and country h…
    8 days ago 22 Oct 14, 3:00am
  • Uasin Gishu to rebuild housing estates
    Uasin Gishu county will begin construction of new residential houses next year, according to Governor Jackson Mandago. The county has a cumulative shortage of about 200,000 units. Mandago said the county will develop housing units for outright sale…
    8 days ago 22 Oct 14, 3:00am
  • Rentals seen as alternative solution to housing deficit
    Housing experts are rethinking the notion of homeownership for all, saying this is impossible, hence the need to find alternative solutions. A conference held last week heard that it could be preferable to turn to decent rental housing as a stop-gap…
    8 days ago 22 Oct 14, 3:00am
  • Commercial agriculture grows farmland values
    Several landowners have placed farms on sale in recent months, with a sneak preview of pricing signalling rising values for upcountry real estate. Most of the farmland on offer is being sold in blocks, with intention to attract serious commercial ag…
    8 days ago 22 Oct 14, 3:00am
  • Lift on land ban anticipated to spur real estate investments across Uasin Gishu county
    The property market in Uasin Gishu county is expected to thrive once the ban on land transactions, which had constrained the business, is lifted fully by mid-November. The county government imposed the ban last December to take stock of public land,…
    8 days ago 22 Oct 14, 3:00am
  • Naivasha gets first gated community development
    Naivasha is set to get its first gated real estate development, moving away from the now popular live-in golf developments announced to date. The development, dubbed Italian Luxury Courts, will comprise 200 homes on a 40-acre parcel of land between…
    8 days ago 22 Oct 14, 3:00am
  • 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,…
    16 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…
    16 days ago 14 Oct 14, 5:00pm
  • 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…
    16 days ago 14 Oct 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…
    10 days 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…
    10 days 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…
    15 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…
    16 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…
    16 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…
    24 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…
    28 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…
    28 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…
    28 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…
    28 days ago 2 Oct 14, 5:12am

Kenyan Shilling Exchange Rate


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