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Business

China cuts red-tape for foreign bank branch openings, RMB business

21 December 2014, 08:47

China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said.

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Road traffic noise affects some Europeans

20 December 2014, 10:26

Harmful levels of road traffic noise affect one in four people in Europe and raise health risks ranging from sleepless nights to heart disease.

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Airtel customers rewarded ahead of festive season

19 December 2014, 11:27

Airtel has rewarded 48 lucky customers with a total of KES 1,100,000 in the first draw of the 90 days Chemsha Bongo na Airtel promotion.

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Flower exports to enjoy duty-free status to EU

19 December 2014, 10:00

Kenya's flowers and floriculture products exported to the European Union (EU) are expected to be reinstated by end of the year to enjoy duty-free status.

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Aquaculture Sacco set to be launched in Busia County

18 December 2014, 15:39

In a bid to boost fish farming and improve livelihoods in Busia County, a Savings and Credit Co-operative Society is set to be launched in the county.

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Sub-Saharan Africa sees steady economic gains in 2014

18 December 2014, 07:43

The growth of Sub Saharan African economies has in the last year been characterized by fair commodity exports, good agricultural performance and the building of better infrastructure.

Pressure mounting on Jubilee govt to revive Pan Paper

17 December 2014, 15:01

Bungoma MCAs are mounting pressure on Jubilee government to revive the collapsed Webuye Pan Paper factory.

KCI to invest KES 500 million in showrooms

17 December 2014, 12:40

Kenya Coach Industries (KCI) have invested KES 500 million in the construction of a state of-the-art Isuzu and Chevrolet showroom, service workshop, parts center and body building facilities.

Uchumi raises 896 mln shillings for expansion

17 December 2014, 07:30

Uchumi Supermarkets has raised 895.8 million shillings in an oversubscribed rights issue to expand its operations in the east African region.

Mobile phone insurance growing in Kenya

17 December 2014, 07:21

Kenyans have embraced mobile phone insurance as they seek to safeguard their gadgets from risks, particularly theft.

KEBS intensifies surveillance at border points

16 December 2014, 11:58

KEBS has intensified its surveillance in Malaba and Busia border towns following reports of cartels that have been taking advantage of the porous borders of the two border towns to sneak in contraband and counterfeit goods into the Kenyan market.

Shilling seen firmer on remittances, shares fall

16 December 2014, 07:36

Shilling eased on Monday but was seen firming on dollar inflows before the holiday season sent by Kenyans abroad, while Safaricom dragged stocks lower.

Retailers brace for a Christmas bonanza

15 December 2014, 09:39

The festive mood enveloped the ground and upper floors of Nakumatt Lifestyle as neon lights flickered and soothing Christmas carols played in the background.

ERC cuts maximum retail prices of fuel

15 December 2014, 08:17

Energy Regulatory Commission cut the maximum retail prices of petroleum products saying the cost of importing refined products had fallen.

Ghanaian leader says pacts with Kenya will spur economic growth

15 December 2014, 07:13

Ghanaian President John Dramani Mahama said seven bilateral agreements his government inked with Kenya will help spur economic growth between the two nations.

Co-op Bank to cut 160 jobs, mainly in management

12 December 2014, 09:01

Co-op Bank of Kenya will cut 160 jobs, mainly at management level.

Stakeholders back formation of Coast Tourism Board

11 December 2014, 13:38

Stakeholders in the tourism sector have welcomed the move by coastal leaders to form their own tourism marketing board, Coastal Tourism Board (CTB), to spearhead tourism activities in the region.

Chinese firm launches mega housing project in Kilifi

11 December 2014, 10:20

Chinese real estate developer, Sultan Palace Development Limited, will invest in a mega housing project in the Kenyan coast where the demand for holiday homes is on the rise.

Instagram is now bigger than Twitter

11 December 2014, 12:30

Instagram, the photo-sharing social network owned by Facebook, announced on Wednesday it has more than 300 million users.

Hoteliers say bookings up during festive season

10 December 2014, 11:24

Hoteliers in the coastal region have said they expect 80 percent booking of both domestic and regional tourists during this year's festive season despite security concerns in the country.

Airtel customers to pay for Nairobi parking with Airtel Money

10 December 2014, 10:43

Airtel has partnered with Jambo Pay and Nairobi City County to introduce a payment option for parking fees via the Airtel Money platform.

Four states declare war on illegal marine trading

10 December 2014, 10:22

Delegates from transport ministries of Yemen, Tanzania, Djibout and Kenya will converge in Mombasa Wednesday to discus critical issues affecting the Maritime sector and also find a long-term sustainability of the four existing maritime centres dedicated to information sharing and training.

Govt to boost 2015/16 spending by 10 percent

10 December 2014, 09:20

Govt will increase spending by 10 percent in the 2015/16 fiscal year (July-June) to 1.849 trillion shillings ($20.5 billion), the finance ministry said.

Coffee production drops by 8 000 tonnes this year

10 December 2014, 09:04

Coffee output in Central Kenya has dropped by 20 percent this year, a coffee marketer has reported.

Kiambu hospitals benefit from Airtel's nurseries offer

09 December 2014, 13:47

Airtel has joined the campaign against infant mortality in Kenya by donating 25 space heaters to Kiambu County hospitals.

Financial Indicators

KES/$ 0,011 (0%)
KES/£ 0,007 (1,41%)
KES/€ 0,009 (-1,12%)
KES/ZAR 0,1278 (0,78%)
ABRI Kenya Index 157.56 (-1,73%)
NSE 20 Share Index 4957.52 (-1,83%)

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