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BBK posts Sh5.5b pre-tax HY profit
NAIROBI, Kenya Aug 6 – Barclays Bank of Kenya has recorded a Sh5.5 billion profit before tax in the half year of 2013. Releasing the results on Tuesday, Barclays Bank of Kenya Managing Director Jeremy...
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Nairobi to go fully TV digital on Dec 13
Digital Set-Top boxes will be the only way for residents of Nairobi to view TV after Dec 13 NAIROBI, Kenya, Aug 6 – The analogue television broadcast signal will be switched off in Nairobi on December...
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APA ready to process airport fire claim
APA Insurance Chief Operating Officer Suresh Kumar says that the company has already deputed loss adjustors to the site to take stock of the damage/AFPNAIROBI, Kenya, Aug 7 – APA, the insurer of the...
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Government to build 2.5mn capacity Terminal
President Uhuru Kenyatta who visited the Jomo Kenyatta International Airport (JKIA) on Friday evening said the new terminal will be ready in coming weeks/PSCUNAIROBI, Kenya, Aug 9- The government is...
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NSE, Shanghai pact to boost Asian investments
NAIROBI, Kenya, Aug 12 – The Nairobi Securities Exchange (NSE) has signed a Memorandum of Understanding with China’s – Shanghai Securities Exchange (SSE) to attract more investment funds from Asia....
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Cargo movement at Mombasa port improves
KPA Managing Director Gichiri Ndua attributed the improvement to implementation of presidential directives that include streamlining of all government departments at the port/FILENAIROBI, Kenya, Aug 13...
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Kenya Power lowers connectivity fees
The Cabinet on Tuesday ordered Kenya Power to lower its connection fees. Photo/ FILE NAIROBI, Kenya, Aug 14 – Kenya Power and Lighting Company (KPLC) has lowered connectivity fees to its old rate of...
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JKIA travellers to leave makeshift lounges in 3 weeks
KAA Chairman Mutuma Mugambi says the JKIA Parking Garage will immediately be converted into a Passengers Arrival Hall/FILE NAIROBI, Kenya, Aug 15 – The Kenya Airports Authority plans to ensure that...
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CBA Capital, Equity Investment join NSE
NSE Vice Chairman Bob Karina noted that the NSE, through a clear and transparent process, is keen to admit new trading participants that will expand access to the Kenyan market/FILENAIROBI, Kenya, Aug...
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Qatar increases flights to Nairobi
The airline will increase its A320 aircraft operations to 18 flights per week up from the current 14 flights/XINHUA FILENAIROBI, Kenya, Aug 19 – Qatar airways has increased its operations between Doha...
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How to make your business a game-changer
Mavindu said that passing investors the ‘smell’ test takes more than just a great idea, and getting your model to look right for investment forces investors to think bigger than just the...
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3pc increase for government pensioners
The monthly pension increase is in line with the policy in the Pensions Increase Act Cap.190 following its amendment with effect from July 1, 2005/FILENAIROBI, Kenya, Aug 21 – The government has...
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Sh3.1bn Belgian loan to finance Kenya power project
National Treasury Principal Secretary Kamau Thugge says the Sondu -Homabay-Kisii Rural Electrification Project will construct an 85-kilometre (Km) electrification power distribution line consisting of...
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EABL pays dividends after Sh6.9bn profit
EABL pays dividends after Sh6.9bn profit/FILENAIROBI, Kenya Aug 23 – The East African Breweries Limited (EABL) Board has recommended a Sh4 per share dividend payment after posting a net profit of Sh6.9...
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Jamii Bora Bank bond oversubscribed
The bank was seeking Sh1 billion with a five year tenure that was priced at 13.3 percent per annum/CFMNAIROBI, Kenya, Aug 26 – Jamii Bora Bank has announced a two percent over-subscription of its...
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Nakumatt’s Sh1.2bn project to sell global brands
Shah says the strategy will see Nakumatt signing up for the exclusive operation of departmental stores aligned to premium global brands/COURTESYNAIROBI, Kenya, Aug 26 – Nakumatt Holdings plans to...
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Olonyori Estate, latest addition to housing scene
The developers have positioned themselves to offer stylish, hustle free, homely, pocket friendly, housing to the middle class which is among the fastest growing/CFM NAIROBI, Kenya, Aug 27 – Real estate...
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New berth speeds up operations at Kenya port
Vision 2030 Delivery Secretariat Director General, Mugo Kibati says the commissioning of the new berth at Kilindini Harbour is one of the major Vision 2030 components/FILENAIROBI, Kenya, Aug 28 – The...
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Total rakes in Sh461mn H1 profit
Sales volumes grew at 58 percent from 393 kilometric tonnes (KMT) in 2012 to 621 KMT in 2013 buoyed by Open Tender System (OTS) sales of 198 KMT and increased sales in network, lubricants and export...
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SEACOM opens up internet to Kenyan techies
The centers – iHub, m:Lab, NaiLab and 88mph – will now benefit from super fast internet speeds to launch their applications on the internet/FILENAIROBI, Kenya, Aug 29 – Fibre optic cable provider...
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