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Business

IMF urges caution in Africa's Eurobond borrowing spree

21 October 2014, 14:03

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.

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Africa set to switch on gas-to-power potential

18 October 2014, 10:47

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.

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Kenya in talks with EU for tax refunds

17 October 2014, 09:24

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.

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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.

Police probe defacing of iconic Mombasa Ivory tusks

07 October 2014, 16:12

Police in Mombasa are yet to identify individuals who last week defaced the iconic Ivory tusks located along Moi Avenue in Mombasa central business district.

Equity Bank issues mobile banking smart SIM powered by Taisys Technologies

07 October 2014, 12:16

Taisys Technologies Co., Ltd. has announced that Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys.

Kitui County woos investors in coal mining

07 October 2014, 09:29

Kitui County challenged investors to exploit the emerging business opportunities such as coal mining in the county.

Leopard Beach Resort starts expansion programme

07 October 2014, 08:21

Leopard Beach Resort in Diani Kwale has started expanding its market segment by penetrating into local tourism industry.

How to get from zero to hero

06 October 2014, 14:03

Life won’t get any easier and responsibilities won’t get any lighter, say Dinesh Patel (CEO) and Heini Booysen (COO) of OrderIn in this informative Q&A.

Financial Indicators

KES/$ 0.0112 (0%)
KES/£ 0.0069 (0%)
KES/€ 0.0087 (1.14%)
KES/ZAR 0.1238 (0.48%)
ABRI Kenya Index 159.84 (-0.36%)
NSE 20 Share Index 5259.18 (-0.39%)

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