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Business

Museveni attacks Kenya over market protection

27 November 2014, 14:01

Uganda's President Yoweri Museveni has criticized some Kenyan government officials who are against Ugandan traders selling their products in Kenya.

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Japan's Toyota Tsusho to design Uganda-Kenya crude pipeline

27 November 2014, 09:30

Japan's Toyota Tsusho has won a contract to design an oil export pipeline from Uganda to Kenya's coast, as the countries seek to start crude production.

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Naikuni formally introduced as Airtel Kenya Chairman

27 November 2014, 08:56

Dr. Titus Naikuni was formally introduced as the Chairman of the Board of Directors of Airtel Kenya.

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Africa's creative industries could contribute to poverty reduction

26 November 2014, 10:48

The World Bank said Africa's creative industries and cultural revival could contribute to economic growth and poverty reduction.

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Safaricom confirms security contract with government

25 November 2014, 20:58

Safaricom has said it has signed a deal with the government to construct a security system worth KES 14.9 billion.

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Politics blamed for low sugar production

25 November 2014, 15:15

Agriculture CS Felix Koskei has refuted claims that sugar importation is affecting sugarcane farmers in Kenya, saying the wrangles are politically instigated.

Tourism stakeholders welcome Kwale County Govt advisory for visitors

25 November 2014, 12:24

Tourism stakeholders in South Coast have welcomed Kwale County Government's advisory for visitors planning to tour the area to avoid ferry frustration by using the Samburu-Kinango-Kwale road.

KCB to offer mortgage-backed securities

25 November 2014, 09:52

Kenya Commercial Bank plans to offer mortgage-backed securities on the local bourse to help developers raise funds to build new housing units.

Tea firms warn of poor annual earnings after H1 profits dip

25 November 2014, 07:41

Tea firms Williamson Tea and peer Kapchorua reported weaker first-half pretax profits, and both said falling tea prices would reduce their respective full-year earnings by at least a quarter.

Growing demand for quality products attracting investors

24 November 2014, 15:16

Impressive returns on investments, particularly in manufacturing, value addition and technology from various counties in the country is attracting both local and international investors due to the residents’ growing demand for quality products and services.

New milk processing plant gets KES 36M donation

24 November 2014, 18:01

A new milk processing plant in Mukurweini constituency has received a boost of KES 36 million from local CDF kitty and the Nyeri County government.

Mobile phones 'game changers' for kids' rights

24 November 2014, 13:44

Mobile phones and other technological innovations can be "game changers" in securing children’s rights, the United Nations children's agency Unicef has said.

Only 20% of women in Africa have bank accounts

24 November 2014, 14:14

The President of Women’s World Banking, Mary Ellen Iskenderian said that economic empowerment of low-income African women is being hindered by their lack of bank accounts, with statistics indicating that only 20 percent of African women have bank accounts.

Hackers empty Mexican town's coffers

24 November 2014, 07:40

Hackers have left a small Mexican town penniless after breaking into its bank accounts and stealing more than $500 000, officials says.

StanChart Kenya posts 14 pct rise in 9-month pretax profit

21 November 2014, 14:19

Standard Chartered Bank Kenya reported a 14 percent jump in pretax profits for the first nine months of the year to 11.2 billion shillings.

Airtel bags best advertising campaign in MSK Awards

21 November 2014, 13:59

Airtel Kenya bagged the best advertising campaign award during the Annual MSK Gala award ceremony.

Titus Naikuni appointed Airtel Kenya Board Chair

21 November 2014, 10:39

Former Kenya Airways CEO Dr. Titus Naikuni has been appointed as the Chairman of the Board of Directors of Airtel Kenya.

Kenya risks losing billions on external interest rates

21 November 2014, 08:09

The Parliamentary Budget Office (BPO) has warned that the country might incur a high external interest rate payment in coming five years following the Treasury’s decision to raise the external debt ceiling to KES 2.5 trillion.

Centum says six-month profit before tax up by quarter

21 November 2014, 07:22

Centum Investment Company Ltd said first-half profit before tax rose by a quarter, fuelled by a sharp increase in investment income although it noted costs also climbed.

Africa concerned about decreasing coffee production

20 November 2014, 15:08

African coffee growing and producing states are highly concerned about the dwindling growing and production of coffee on the continent which has reduced competition of the continent's producers in global markets.

Kenya Power secures $190 mln loan for infrastructure upgrade

20 November 2014, 10:38

Kenya Power, the country's sole electricity distributor, said it had secured a $190 million loan from Standard Chartered Bank to upgrade its transmission network.

Kenya seeks to borrow up to $750 mln more from debut Eurobond

20 November 2014, 09:33

Kenya plans to borrow an additional $750 million to finance development projects by re-opening its international bond issued in June that raised $2 billion.

Kenya mulls national policy to spur investment

20 November 2014, 07:13

President Uhuru Kenyatta has said his government has embarked in the process of establishing an investment policy that will streamline incentives currently offered to investors.

Poor infrastructure, Ebola blamed for slow trade in Africa

19 November 2014, 14:02

Inadequate port infrastructure and the recent Ebola disaster have been named some of the top hindrances to trade in Africa.

I&M Bank Group's nine-months profit up as staff costs fall

19 November 2014, 08:00

I&M Bank Group said its pretax profit for the nine months to September inched up by a percentage point to 5.46 billion shillings, helped by lower staff costs.

Financial Indicators

KES/$ 0,011 (0%)
KES/£ 0,007 (0%)
KES/€ 0,0088 (0%)
KES/ZAR 0,1215 (-0,08%)
ABRI Kenya Index 163.77 (0,46%)
NSE 20 Share Index 5152.26 (-0,42%)

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