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DHL in East Africa expansion plans
DHL Express Sub-Saharan Africa Managing Director Charles Brewer says the company is set to invest more in the region in 2014 with a focus on the Small Medium and Enterprises/FILENAIROBI, Kenya Jun 18 –...
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DTB seeks to raise Sh3.6bn in Rights Issue
DTB intends to offer 22 million additional shares at a rights price of Sh165 per share representing a 32 percent discount of over the bank’s share price, which traded at Sh244 at the bourse on...
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Kenya gets Sh52bn EDF grant
Treasury Cabinet secretary Henry Rotich says the broad areas to be focused on in the grants will be on food security and disaster management as well as Infrastructure projects/FILENAIROBI, Kenya, Jun...
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Kenya Power earns Sh1bn from fibre optic business
, Samuel Ndirangu, says they are optimistic to grow the fibre revenue considering that it now offers backhaul services to over 80 percent of the country’s telecommunication companies riding on its...
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Safaricom security project to cost Sh21bn in all counties
Safaricom said the amount which is inclusive of annual maintenance costs remains an estimate, subject to change depending on specific requirements of the National Police Service/FILENAIROBI, Kenya, Jun...
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Let’s nurture peace, KEPSA urges Kenyans
Entrepreneur Chris Kirubi urged Kenyans not to be divided by politicians and stand together and speak in one voice. NAIROBI, Kenya Jun 20 – Business leaders have urged for peace in the country in order...
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Li & Fung keen to enter Kenyan market
The Hong Kong headquartered industrial firm will be seeking to explore opportunities in the local textile sector/CFM BUSINESSNAIROBI, Kenya, Jun 20 – Consumer products supply chain company, Li &...
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Naikuni feted for his role in Africa’s aviation
Naikuni was awarded the Lifetime Achievement Award for Outstanding Services to African Aviation Development during the recently concluded African Aviation Summit 2014 in Addis Ababa,...
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Draft EAC markets regulations up for debate
NAIROBI, Kenya, Jun 23 – The Capital Markets Authority (CMA) will on Tuesday hold consultations on the proposed harmonised East African Community (EAC) capital markets legal and regulatory framework....
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Communications Authority of Kenya succeeds CCK
The Authority has also been mandated with developing and reviewing regulations on SIM card registration/PSCUNAIROBI, Kenya, Jun 24 – The Communications Commission of Kenya (CCK) has rebranded and will...
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CA firm on mobile operators’ infrastructure sharing
The Authority plans to penalise those who will fail to comply/PSCUNAIROBI, Kenya, Jun 24 – The Communications Authority of Kenya (CA) is set to enforce infrastructure sharing among mobile services...
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Tecno launches Phantom Z in Kenya
The Phantom Z runs on the Android 4.4 Kitkat platform providing cutting edge features, geared towards optimising user experiences and positioned to compete against other comparable smartphones in the...
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Measures enforced to lower interest rates – Rotich
Treasury Cabinet Secretary Henry Rotich says the government will ensure that government borrowing does not crowd out the private sector/PSCUNAIROBI, Kenya, Jun 25 – The government has introduced...
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Sh175bn Eurobond cash already in Kenya’s hands
The President said the bond will cut the government’s local borrowing and help reduce interest rates/PSCUNAIROBI, Kenya, Jun 25 – President Uhuru Kenyatta says the government has received the Sh175...
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Charter to enhance efficiency at Mombasa Port
The Charter brings together 24 agencies that will coordinate activities to improve efficiency at the port/FILENAIROBI, Kenya, Jun 30 – President Uhuru Kenyatta was on Monday set to launch the Mombasa...
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Tanzania endorses EAC monetary protocol
The Deputy Minister for East African Cooperation Abdulla Saadalla said that Tanzania’s ratification of the EAC Monetary Union Protocol demonstrates that the country is not a stumbling block to regional...
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Kenya’s June inflation hits 7.39pc
According to latest data from the Kenya National Bureau of Statistics (KNBS) housing, water, electricity, gas and other fuels index went up by 0.70 percent due to increase in prices of kerosene...
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DTB kicks off Sh3.63bn Rights Issue
Nasim Devji, DTB CEO NAIROBI, Kenya, Jun 30 – Diamond Trust Bank (DTB) kicked off a Rights Issue on Monday, from which it targets to raise Sh3.63 billion to finance its expansion programme. The bank...
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Nakumatt unveils home furnishing brand
The retailer has unveiled a line of home furnishing products aptly branded as Nakumatt Select in conjunction with Red Star International/CFMNAIROBI, Kenya, Jul 1 – Nakumatt Holdings has invested Sh380...
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Kenya’s Q1 exports earnings drop 5.3pc to Sh115.4bn
Tea production decreased by 4.4 percent compared with a growth of 61.8 percent in the same quarter in 2013/FILENAIROBI, Kenya Jul 1 – Earnings from domestic exports has declined by 5.3 percent to...
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