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SABMiller shareholders urged to seize opportunity'

08 October 2015, 13:53

The world's biggest brewer, Anheuser-Busch InBev, urged shareholders at rival beer giant SABMiller to go against their board and accept a new takeover offer.

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Africa's economic growth to slow down in 2015

07 October 2015, 09:33

Economic growth is set to slow in Sub-Saharan Africa to 3.7 percent this year, its weakest pace since 2009, mainly due to the drop in commodity prices, the World Bank said.

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Facebook, Eutelsat in African Internet satellite hook-up

06 October 2015, 19:13

European satellite operator Eutelsat Communications and social media giant Facebook said they are working jointly to deliver satellite broadband Internet to connectivity-hungry sub-Saharan Africa.

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Shilling firms against dollar

02 October 2015, 18:52

Kenya's shilling reversed some of its gains from earlier on Thursday due to some dollar from various sectors, but stayed at a one-month high.

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Unga Group reports 12% rise in full-year profit

01 October 2015, 18:20

Flour miller Unga Group Ltd posted a 12 percent increase in pre-tax profit for the year ended June 30, helped by increased sales.

Slow growth rate to hurt banks, says IMF

01 October 2015, 07:24

Lower growth rates across East Africa and turmoil in South Sudan will have an adverse effect on performance of Kenyan banks, the International Monetary Fund (IMF) has said.

Kenya c.bank working with Treasury on fiscal position, has ample FX reserves

30 September 2015, 20:38

Kenya's central bank governor said the bank was working with the Treasury department to strengthen the country's fiscal position.

Kenya's Equity Group gets approval to buy Congo Bank

30 September 2015, 20:38

Kenya's Equity Group said on it had secured regulatory approval to acquire 79 percent of ProCredit Bank Congo, expanding its banking operations into the Democratic Republic of Congo.

Banks struggle to meet cash reserve ration as financial markets tighten

30 September 2015, 08:32

Banks struggled to meet the cash reserve ratio (CRR) requirement as firms paid taxes, recording a deficit of nearly KES 10 billion as financial markets tightened.

President invites US firms to Kenya’s special economic zones

30 September 2015, 07:30

President Uhuru Kenyatta has invited US companies to take advantage of Kenya’s new policy on special economic zones.

Ivy League university fetes Equity Group boss

29 September 2015, 13:25

Equity Group Holdings Managing Director, Dr. James Mwangi, has received a rare honor from a top ranked Ivy League university.

Migration crisis proves boon for some businesses

28 September 2015, 19:06

From hostel operators to traffickers, Europe's migrant crisis proves boon for some businesses.

Kidero to construct 100 000 cheap houses for Nairobians

26 September 2015, 07:43

Nairobi Governor, Evans Kidero has announced that his government is set to build 100 000 affordable housing units for 650 000 residents with lesser earnings.

Businessman arrested for smuggling millions into US

25 September 2015, 17:54

A Chinese businessman from Macau has been arrested in New York for smuggling more than $4.5 million into the United States in cash over a two-year period, according to US authorities.

Shilling holds steady, shares rise

24 September 2015, 17:54

The Kenyan shilling finished unchanged Thursday due to tight liquidity in domestic money markets, while shares inched higher.

Govt launches online platform to woo tourists

24 September 2015, 08:12

Trade and Tourism Cabinet Secretary Phyllis Kandie has launched an online platform, makeitkenya.com, to woo tourists from across the globe.

Family Bank to issue 10 billion shilling bond

23 September 2015, 18:01

Family Bank has secured regulatory approval to raise up to 10 billion shillings ($95 million) through a multi-currency medium-term note, it said.

Leisure Lodge resort ready for magical Kenya travel expo

23 September 2015, 14:18

The management of Leisure Lodge resort in Diani is ready to host the fifth Magical Kenya Travel expo, chief executive officer John Mutua has said.

Weakened shilling not a bad thing, says Parliamentary Budget Office

23 September 2015, 09:39

The Parliamentary Budget Office has said the weakened Kenyan shilling is “not necessarily a bad thing” despite the continued public outcry.

As droughts worsen, joined-up adaptations build resilience in arid Kenya

22 September 2015, 20:35

Gusts of wind blow the dust coming from thousands of animals as they make their way to Urura borehole in Kenya’s arid northern Merti ward.

Kenya's central bank retains benchmark rate to curb inflation

22 September 2015, 20:35

Kenya's apex bank retained benchmark lending rate at 11.50 percent in order to anchor inflation expectations.

Microsoft launches 'collaborative' new Office software

22 September 2015, 17:21

Microsoft launched its new Office suite, touting the key software as a collaborative tool which can work across multiple devices.

Kenya reduces electricity imports from Uganda by 50%

22 September 2015, 09:27

Kenya has reduced electricity imports from Uganda by 50% following an increase of additional geothermal power and oversupply from Fossil Fuels into the National grid.

Dollar demand weakens shilling further

22 September 2015, 09:21

Kenya's shilling lost ground as energy and telecoms companies sought dollars, but traders said tight liquidity was keeping the local currency from weakening further.

Financial Indicators

KES/$ 0,0096 (0%)
KES/£ 0,0063 (0%)
KES/€ 0,0085 (1,16%)
KES/ZAR 0,1298 (1,07%)
ABRI Kenya Index 141.87 (-0,37%)
NSE 20 Share Index 4148.28 (-0,65%)

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