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Kenya records slower Q1 growth
According to the report, constrained growth was due to erratic weather patterns that resulted in depressed agricultural output and insecurity concerns coupled with negative travel advisories that...
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KPC signs Sh43bn contract for new pipeline
The Sh43 billion project will be executed by Zakhem International under the consultancy of Shengli Engineering and Consulting Company of China/FILENAIROBI, Kenya, July 1 – The Kenya Pipeline Company...
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Public can now own NSE shares
NSE Chairman Eddy Njoroge says that the approval paves way for the NSE to proceed with its IPO and offer members of the public up to 31 percent of the authorised ordinary share capital of the...
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Kenya’s Q1 growth impressive – expert
Stratlink Africa Research Analyst Julians Amboko says the growth is impressive considering the challenges the country has faced in the period under review/FILENAIROBI, Kenya, July 2 – Economic experts...
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Flame Tree Group to list on Nairobi bourse
The Group’s Chief Executive Officer Heril Bangera says the listing is intended to give access to public equity capital as well lower cost debt capital and to improve corporate governance/FILENAIROBI,...
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Kenya importing 200,000 tonnes of maize from TZ
Koskei says the maize will be delivered in mid August with the remaining amount negotiated over time depending on the availability of maize in Tanzania/FILENAIROBI, Kenya, July 3 – The government has...
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Car wash attendants get specialised training
The attendants drawn from car wash bays countrywide will progressively receive their hands-on training on the use of various Shield Car Care products and their proper application/FILENAIROBI, Kenya,...
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UAP Holdings gears up for Sh2bn bond
The Group Chief Financial Officer Jackson Theuri told Capital FM Business that the bond will be used to expand its business in Tanzania and Rwanda as well as its real estate projects/FILENAIROBI, Kenya...
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Low trade at the NSE owing to Saba Saba
Speaking to Capital FM Business, Commercial Bank of Africa Treasury Dealer John Njenga said there wasn’t much activity on the market/XINHUA-FileNAIROBI, Kenya, July 7 – The money market traded on low...
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RVR withdraws its Sh6.1bn final debt facility
RVR’s CEO Darlan David says they have so far invested Sh10.5bn in revitalising the railway, surpassing the investment requirement threefold, only midway through the investment period/FILENAIROBI,...
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Safaricom, KCB make life easier for small businesses
The two firms said the solution is a business proposition that helps businesses run effectively and professionally through offering tools and financial access/FILENAIROBI, Kenya Jul 9 – Safaricom and...
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Kenya’s luxury market an untapped resource
New World Wealth Report 2014 statistics reports that the market generated Sh17.2 billion in 2013 derived from the sale of high end clothing, accessories, cars as well as hotels/FILENAIROBI, Kenya Jul...
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Don’t expect a housing bubble burst soon
Ken Kaniu, the Chief Investment Officer at Stanlib said even though demand for housing in the country is still above supply, property prices should begin to stabilise in the next decade/FILENAIROBI,...
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Kenya Airways unveils mobile check-in service
The self-service mobile application is part of the airline’s strategic efforts to enhance its customer experience/FILENAIROBI, Kenya Jul 15 – Kenya Airways has activated a mobile check-in service that...
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KRA surpasses collection targets by Sh100mn
KRA Commissioner General John Njiraini says the performance was attributable to a strong VAT performance as well as Pay As You Earn (PAYE) remittances targeting County payrolls/FILENAIROBI, Kenya, Jul...
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Housing Finance posts Sh474.44mn H1 profit
HF Managing Director Frank Ireri said plans are on course to establish a holding company to further boost its income diversification strategy/FILENAIROBI, Kenya, Jul 16 – Housing Finance (HF) has...
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Kenya seeks Vision 2030 projects financing from US
This comes after a successful Sh175 billion Eurobond that earmarks funds for Vision 2030 flagship projects in transport, energy and agriculture/FILENAIROBI, Kenya, Jul 16 – The government is seeking...
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Airtel launches iPhone 5s at discounted price
Airtel Kenya Marketing Director Charles Wanjohi says this partnership will see customers across the country easily purchase the smartphone in all Airtel outlets/FRANCIS MBATHANAIROBI, Kenya, July 16 –...
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Safaricom devotes Sh7mn for Appwiz Challenge
The contest which will run for a period of four months targets new app developers working in the mobile technology space, with a view to developing solutions to common problems within the Kenyan...
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UAP Group to issue REIT product by December
, UAP Investments General Manager Peter Ng’eno said the group will offer an income REIT and is in the process of developing the fund following approval by the Capital Markets Authority (CMA) to act as...
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