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Business

Now Cadbury Kenya shuts down over counterfeits

31 October 2014, 10:34

The ever-rising smuggling of counterfeit products in the manufacturing industry has forced both Eveready and Cadbury companies to shut down and relocate to other countries.

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Counterfeits hurting economy

30 October 2014, 12:48

Philips has rolled out an initiative to highlight the existence of counterfeit products in Kenya in-order to create awareness and educate consumers on how to identify original appliances.

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Kenya seen jumping ahead in World Bank business survey

30 October 2014, 08:26

Kenya could "leapfrog" ahead in the rankings of a World Bank survey on ease of doing business thanks to a drive to cut red tape, a leading business group said, after a relatively disappointing result this year.

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Alibaba's Jack Ma tops China rich list: Forbes

29 October 2014, 08:33

Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly $20 billion, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said.

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Kinangop MP supports wind park project

28 October 2014, 12:36

Kinangop MP, Stephen Kinyanjui Mburu has made a U-turn on the intended construction of a multi-billion shilling Wind Park project in his constituency, which he has been opposing.

Kenya to host int'l investment conference

28 October 2014, 07:00

Kenya will host an international investment conference with the aim of encouraging more global investors to take up business opportunities in the country.

Dairy farmers petition against New KCC privatisation

27 October 2014, 15:04

Dairy farmers across the country have written a petition to the National Assembly’s Agriculture, Livestock and Co-operatives committee challenging the Government’s plan to privatise the New KCC.

East African Portland Cement full-year earnings drop

27 October 2014, 10:36

East African Portland Cement posted a net loss of 386 million shillings ($4.32 million) for the year ended June 30, saying it had been hurt by price competition, high staff costs and the weakening shilling.

Development lenders pledge $8 bln to Horn of Africa

27 October 2014, 09:43

Global development lenders pledged more than $8 billion to boost economic growth and reduce poverty in eight countries in the Horn of Africa.

East Africa's engagement of oil firms boosting discoveries

27 October 2014, 07:19

East African governments' efforts to engage major oil companies which are fully equipped to deploy modern and versatile petroleum exploration technologies is boosting oil and gas discoveries.

Tanzania signs over $1.7 bln investment deals with China

26 October 2014, 09:25

Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing's deepening ties with East Africa.

Somalia says it is reviewing oil deals

25 October 2014, 08:26

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.

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

24 October 2014, 07:26

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

Kenya Power says full-year pretax profit up 55 pct

23 October 2014, 08:44

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.

Airtel Money offers KRA mobile tax payment services

22 October 2014, 14:20

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

KAA, Dufry Group sign agreement for Duty Free services

22 October 2014, 12:24

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).

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.

Financial Indicators

KES/$ 0.0112 (0%)
KES/£ 0.007 (0%)
KES/€ 0.0088 (1.12%)
KES/ZAR 0.1217 (1.06%)
ABRI Kenya Index 159.68 (0%)
NSE 20 Share Index 5233.42 (0%)

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