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Business

SMS service to stop coffee theft set up

24 May 2013, 12:00

Coffee Management services has put a mobile alert that will ensure curbing of coffee theft, after a series of thefts in Central Kenya.

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Equity Bank unveils M-Pesa rival

24 May 2013, 12:00

Equity Bank has launched an international money transfer service in an attempt to grab a slice of the lucrative mobile money market.

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NSSF to register domestic workers during run

24 May 2013, 11:18

NSSF will conduct an offsite registration campaign for domestic workers in Nairobi, Mombasa and Mumias during the Mater Heart Run.

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IMF sees Ethiopia's economic growth slowing

24 May 2013, 09:46

Ethiopia's huge public spending has created one of Africa's fastest-growing economies, but volatile inflation and a stifled private sector raise questions over its sustainability.

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Kenya to reach 3 million tourists by 2017

23 May 2013, 16:03

The Kenya government has set a target of achieving three million tourists' arrivals by 2017, a senior government official said.

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Economy to grow by 6 percent in 2013

23 May 2013, 13:01

Kenya's economy is expected to grow by about 6 percent in 2013, up from a growth rate of 4.6 percent in 2012.

Africa tempts Gulf bond investors

23 May 2013, 12:46

The lure of sub-saharan Africa is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative comfort and familiarity of the Middle East.

City Hall kicks out Equity Bank

23 May 2013, 13:01

The county government of Nairobi has ordered Equity Bank to relocate its City Hall branch, because it wants open up a restaurant.

MPs defy Uhuru's directive on salaries

23 May 2013, 10:34

President Uhuru Kenyatta is facing the biggest political test to his leadership as MPs, defy his directive in their quest for higher pay

It's boom time for African stock markets

23 May 2013, 08:02

With US treasuries now paying so little, investors are putting their money in Africa with several stock markets on the continent seeing huge returns this year.

Impoverished Malawi sells presidential jet

22 May 2013, 17:44

Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15m to raise cash for the impoverished country.

MP wants to end Kenya Power Monopoly

22 May 2013, 17:11

Marakwet East MP David Bowen wants Kenya Power to compensate Kenyans who incur losses due to power outages and surges

KQ set for direct flights to Abu Dhabi

22 May 2013, 17:11

Kenya Airways will begin direct flights to Abu Dhabi from July as it seeks to grow its presence in the Middle East

Japan trade deficit hits $8.6bn in April

22 May 2013, 13:31

Japan's trade deficit expanded a worse-than-expected 70% on year to $8.6bn in April, as a weaker yen made imports costlier.

Future of Mombasa refinery uncertain

22 May 2013, 09:16

The future of east Africa's only oil refinery could be decided next week when a report is due on whether to upgrade the aging Kenyan plant or turn it into a storage facility.

Budget discussion deadline may be extended

22 May 2013, 09:04

A committee will ask the National Assembly Speaker to extend the period for Budget consultations beyond Wednesday.

Hostel crisis at University of Nairobi

22 May 2013, 08:54

The University of Nairobi has been hit by an accommodation crisis that has left thousands of freshmen admitted without a room on campus.

Uhuru: I will offer solutions to cheap imports

21 May 2013, 17:20

President Uhuru Kenyatta has promised to seek solutions to cheap imports to protect farmers.

MTN only African brand in top 100 survey

21 May 2013, 16:48

MTN has outshone other brands such as KFC, Woolworths and Volkswagen to slot in at No 79 in a prestigious global brands survey.

Kenyan shilling weakens

21 May 2013, 13:01

The shilling weakened, weighed down by energy sector importers buying dollars on the view that the local currency's gains have bottomed out.

Africa mulls diversified exports to US

21 May 2013, 12:33

Africa is set diversify its exports to the US through the AGOA after the AfDB announced plans to help boost trade and investments under the initiative.

KMC riddled in debt

21 May 2013, 09:43

The Kenya Meat Commission risks being wound up after the management admitted inability to pay suppliers.

Kenya Power lists Mama Ngina top investor

21 May 2013, 09:11

Mama Ngina Kenyatta has been listed as the fourth largest individual investor in Kenya Power.

Consumers shun chicken in China

20 May 2013, 17:14

China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65bn) as consumers shun chicken.

Equity bank, Google in IP row

20 May 2013, 15:44

Inter Africa Technology, a company registered in Kenya, wants court to stop the implementation of BebaPay.

Financial Indicators

KES/$ 0.0118 (0%)
KES/£ 0.0078 (0%)
KES/€ 0.0092 (0%)
KES/ZAR 0.1133 (0.18%)
ABRI Kenya Index 127.77 (-0.91%)
NSE 20 Share Index 4956.95 (-0.54%)

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