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Posta in Sh260mn outlay to improve efficiency
Kinara said the system was part of the corporation’s efforts to automate front and back office functions in a bid to ramp up efficiency in end-to-end business operations/PHOTO-COURTESYNAIROBI, Kenya...
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No one will be spared airport security checks – Kimaiyo
“Not even diplomats will be excused from the checks; I would urge the public to cooperate with the security officers and to come to the airport two hours before time so that they don’t miss their...
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CBK retains lending rate at 8.5pc yet again
The MPC concluded that the monetary policy measures had continued to deliver the desired price stability with the monetary policy path remaining credible despite the slight rise in overall...
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Faster cargo movement as Kenya launches new system
NAIROBI, Kenya May 2 – President Uhuru Kenyatta says that the Electronic Single Window System launched on Friday will facilitate faster, efficient trade and improve the business environment. President...
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UAP launches new insurance distribution pact
NAIROBI, Kenya, May 5 – UAP Insurance has partnered with Fountain Enterprise Program (FEP) Holdings to co-brand tailor made products for increasing FEP investors’ access to insurances services. The...
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Domestic tourism needs increased marketing
Kenya’s domestic tourism sector is less supported, compared to the international component which has made it difficult for the sector to achieve its full potential/FILENAIROBI, Kenya, May 5 –...
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Umeme Limited suspends trading in shares
The shares of Umeme Limited are listed on the USE and cross-listed on the Nairobi Securities Exchange (NSE) Photo/ FILE NAIROBI, Kenya, May 6 – Umeme Limited suspended trading at the Uganda Securities...
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Authority alarmed over trade barriers in counties
Governors have been trying to take over the milling and marketing of the crop in bid to give more returns on investment to farmers/FILENAIROBI, Kenya, May 12 – The Competition Authority of Kenya is set...
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Safaricom FY profit rises 31pc to Sh23bn
MPESA revenue increased by 22 percent to Sh26.6 billion as 30 day active M-PESA customers increased by 15 percent to 12.2 million customers representing a 56 percent of their total...
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Tourism, ICT record highest mergers in 2013
Out of the total number of mergers notified, hospitality and tourism and ICT recorded seven notifications each followed by the retail sector with six notifications and four notifications in the mining...
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IBM opens new technology centre in Kenya
IBM East Africa Country General Manager Nik Nesbitt says the Nairobi hub will deliver optimal economics per workload to clients and partners who will also be able to access global best practice through...
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Business registration being reduced to 24 hours
NAIROBI, Kenya, May 13 – The government is working on making the period of business registration to be 24 hours down from 30 days in the next two months. Industrialization and Enterprise Development...
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KAA contracts second in-flight caterer
NAIROBI, Kenya, May 14 – The Kenya Airports Authority (KAA) has contracted global airline caterer LSG Sky Chefs Consortium to provide in-flight catering with operations from the Jomo Kenyatta...
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Super, diesel prices rise but kerosene drops
In the review, a litre of super petrol goes up by Sh0.57 and diesel increases by Sh0.89 while kerosene drops by Sh0.35 per litre/FILENAIROBI, Kenya, May 14 – Motorists will pay slightly higher prices...
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2014 to see decline in Kenya recruitment
NAIROBI, Kenya, May 14 – The Kenyan jobs market is expected to experience slightly lower recruitments in the next 12 months, according to a new report by Ernst & Young (EY). The report indicates...
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Coop Bank posts Sh2.46bn net profit
Profit before tax however increased by 7.5 percent to hit Sh3.47 billion for the quarter ending 31st March 2014 compared to Sh3.23 billion recorded for the same period in 2013/FILENAIROBI, Kenya, May...
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Demand for credit rises in most economic sectors
The increased demand was mainly attributed to cheaper credit and availability of investment opportunities/FILENAIROBI, Kenya May 15 – The demand for credit increased in most of the economic sectors in...
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Kopo Kopo ‘Grow’ to boost merchants cash flow
NAIROBI, Kenya, May 14 – Business Management Software Provider Kopo Kopo has unveiled new merchant cash advance service dubbed “Grow.” designed to help businesses get access to credit. The grow cash...
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Tourism sector loses Sh5bn in travel cancellations
Stakeholders are now urging the government to intervene as the ongoing travel advisories will destroy the tourism industry/FILENAIROBI, Kenya, May 16 – The tourism sector has lost Sh5 billion so far...
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Car & General profit doubles to Sh72mn
Turnover was at Sh3.9 billion, 22 percent higher than the same period in the previous year/FILENAIROBI, Kenya, May 22 – Car and General has posted a 110 percent increase in net profit to Sh72.6 million...
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