A United Arab Emirates-based global provider of temporary power solutions has expanded its operations locally following the opening of a branch in Nairobi to serve the East Africa territory.
Facebook profits have nearly tripled in the first quarter on a 72% surge in revenues, helped by gains in mobile users and mobile advertising.
The weighted average yields on Kenya's 182- and 364-day Treasury bills inched higher at auction, the central bank said.
Base Resources Limited, the Australian exploration and mining firm, will invest AUS$ 37 000, in its local operations in the ongoing quarter of the year.
Mayfox Mining, the locally-owned gold exploration company, is upgrading its enterprise resource planning solutions ahead of its listing on the Nairobi Stock Exchange (NSE).
23 April 2014, 11:14
The Co-operative Bank of Kenya is revelling at two international awards a prominent international think-tank has bestowed on it.
23 April 2014, 12:18
Simba Energy, the Canadian oil and gas company, has announced that it will soon commence airborne survey in Kenya.
23 April 2014, 08:04
Kenya's second largest mortgage provider, Housing Finance, reported a 13 percent rise in pretax profit for the first quarter helped by a surge in non-interest income.
23 April 2014, 07:01
Kenya will negotiate the import of natural gas from Qatar Gas to fuel a power station it wants built in the Indian Ocean port city of Mombasa.
22 April 2014, 10:15
Atkins won €15.3 million contract to assist 24 African countries develop sustainable energy solutions by 2030.
22 April 2014, 09:33
Just add water and stir. A US company says its new powdered alcohol product has been approved by US regulators and is poised to hit stores in the coming months.
21 April 2014, 08:02
Chinese e-commerce giant Alibaba is expected to file for its US initial public offering next week, moving closer to the biggest-ever listing by a tech firm.
18 April 2014, 08:00
Equity Bank of Kenya will launch a telecoms services arm in a bid to grow its market share in the fast-growing mobile phone-based financial services market, it said.
17 April 2014, 11:53
Equity Bank's first-quarter pretax profit was up 21 percent at 5.4 billion shillings ($62.14 million), lifted by growth in its loan book.
17 April 2014, 10:24
Tanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13 billion railway project aimed at boosting cross-border trade in the region.
17 April 2014, 07:36
Africans face the highest remittance fees globally, regularly paying a "super tax" to send money home at a cost that holds back development, says a think tank.
16 April 2014, 12:06
The Nairobi Securities Exchange (NSE) announced its 2013 financial results marking a premier public announcement of the bourse’s performance in its 60-year history.
16 April 2014, 09:32
The ongoing trade talks between the East African Community (EAC) and the European Union could be concluded by the end of May.
16 April 2014, 07:31
TransCentury Limited posted a 30 percent drop in its pretax profit for 2013 to 856.6 million shillings ($9.9 million).
15 April 2014, 17:37
Kenya stands to gain greater economic benefits and food security while lowering the level of environmental pollution through a shift towards the green economy, UN said.
15 April 2014, 10:22
The government’s KES 6 billion Uwezo fund flagship project is set to be rolled out in all the 47 counties by the end of this month.
15 April 2014, 09:17
Pancontinental Oil and Gas has announced the completion of exploration of oil and gas at off-shore Kenya at the Sunbird-1 well.
15 April 2014, 07:31
Twitter has been urged by Istanbul to open an office and start paying Turkish tax in the first direct talks since a two-week ban imposed on the site.
14 April 2014, 16:12
The Energy Regulatory Commission (ERC) cut the maximum retail price of a litre of diesel and kerosene till mid-May but raised the price of a litre of petrol citing an increase in import costs.
14 April 2014, 09:57
Online retailer Amazon is offering employees who aren't happy working for the growing company $5 000 to quit.