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Business

Somalia says it is reviewing oil deals

25 October 2014, 09:26

Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry.

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Zambia plans to export 850,000 tonnes of maize to neighbours

24 October 2014, 08:26

Zambia plans to export 850,000 tonnes of maize to neigbouring countries after producing its bigggest harvest on record.

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Kenya Power says full-year pretax profit up 55 pct

23 October 2014, 09:44

Kenya Power reported a 55 percent jump in its full-year pre-tax profits to 10.2 billion shillings driven by increased sales of electricity, higher tariffs and reduced loses due to improvements in the power grid.

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Airtel Money offers KRA mobile tax payment services

22 October 2014, 15:20

Airtel has partnered with the Kenya Revenue Authority (KRA) to offer Kenyans an opportunity to pay their taxes through Airtel Money.

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KAA, Dufry Group sign agreement for Duty Free services

22 October 2014, 13:24

Kenya Airports Authority and Dufry have signed a Concession Agreement for development and management of Duty Free Retail Services under a Single Master License at Jomo Kenyatta International Airport (JKIA).

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IMF urges caution in Africa's Eurobond borrowing spree

21 October 2014, 13:03

The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds, saying they may face exchange rate risks and problems repaying debts.

Taipan announces increase in local prospective resources

20 October 2014, 18:12

Taipan Resources, the multinational firm, announced an increase in prospective resources on Block 1 Kenya.

Africa set to switch on gas-to-power potential

18 October 2014, 09:47

Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms.

Kenya in talks with EU for tax refunds

17 October 2014, 08:24

Kenya is currently in discussions with the European Union (EU) in order to get a refund on duties paid for the country's exports to the EU since Oct. 1.

EA neighbours close to picking consultant for oil export pipeline

16 October 2014, 13:02

Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region's new oil bonanza to the coast for export.

Mukuru Promotional Centre mentorship program launched

16 October 2014, 10:03

Airtel has launched a mentorship program for Mukuru Promotion Centre, St. Bakhita Primary School in Nairobi.

Govt says EU, EAC trade deal signed

15 October 2014, 08:20

The government said talks between the East African Community (EAC) and the European Union on the new Economic Partnership Agreements (EPAs) have been concluded and the deal has been signed.

ERC cuts pump prices across the board

15 October 2014, 07:07

The Energy Regulatory Commission said it was cutting the retail prices of diesel, petrol and kerosene to reflect lower import costs, in a move likely to ease inflationary pressures.

Airtel call rates reduced

14 October 2014, 11:17

Bharti Airtel has announced a reduction of call rates by 60% and free incoming calls for Airtel Kenya’s postpaid and prepaid customers roaming to Rwanda.

KenGen drives Kenyan shares higher, shilling steady

14 October 2014, 08:35

A seven percent surge in KenGen lifted Kenyan shares as the country's main electricity producer added more geothermal power to the national grid, while the shilling currency held steady.

Kenya economy accelerates despite tourism drop

13 October 2014, 18:23

Kenya's economy has accelerated in the second quarter thanks to fast growth in construction, manufacturing and financial services, which offset a slump in tourism.

CBK in the market to mop up 15 billion shillings

13 October 2014, 12:47

Central Bank of Kenya stepped into the market to mop up 15 billion shillings(168.35 million US dollar) using repurchase agreements (repo) and term auction deposits.

Tullow says talks resolve industrial action at Kenya sites

13 October 2014, 07:11

Tullow Oil said talks to resolve "limited industrial action" at sites in northern Kenya had been successfully concluded and the staff affected were returning to work.

Kenya woos Chinese investors

10 October 2014, 08:32

The government has called on more Chinese investors to set up their business in the country.

Biogas plant goes live at I-Afrika school

09 October 2014, 12:31

There was joy at the Immanuel Afrika (I-Afrika) organization as Airtel Kenya commissioned a biogas plant at the institution.

Safaricom, Airtel bid for Essar's Kenya assets seen finalised soon

09 October 2014, 10:19

The Communication Authority of Kenya (CAK) said Wednesday it had given preliminary approval to a joint bid by Safaricom and Airtel for the mobile assets of Essar Kenya and the final nod could be given next month.

Kenya, Uganda, Rwanda cut costs of cross-border calls

09 October 2014, 08:11

Kenya, Uganda and Rwanda have slashed the costs of making mobile phone calls across their borders by more than 60 percent.

Govt establishes fund to support creative industry

08 October 2014, 12:44

The government has established a special fund to support development of local content and revitalize the creative industry, officials said.

Financial Indicators

KES/$ 0,0112 (0%)
KES/£ 0,007 (-1,45%)
KES/€ 0,0088 (0%)
KES/ZAR 0,1231 (0,24%)
ABRI Kenya Index 160.82 (0,15%)
NSE 20 Share Index 5259.43 (0,16%)

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