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Business

Kenya tea growers say hampered by high labour costs

29 June 2016, 16:47

Kenyan tea farming is being weighed down by rising labour costs that could discourage investments and hurt the economy, the Kenya Tea Growers Association (KTGA) said on Wednesday.

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Pinterest ramps up e-commerce features

29 June 2016, 14:41

Online bulletin board Pinterest on Tuesday unveiled new features to facilitate shopping on the site, as the platform pushes to become an e-commerce hub.

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FAO, AU launch project on ending hunger in Horn of Africa

28 June 2016, 18:47

The UN Food and Agriculture Organization (FAO) and the African Union (AU) have launched a project geared towards ending hunger in the Horn of Africa.

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Young Kenyan builds business acumen in China, inspires peers

28 June 2016, 16:28

While growing up in a low income suburb northwest of the Kenyan capital Nairobi, Mohammed Kimani never dreamt that he would one day become an accomplished entrepreneur with a large footprint in his native country and China.

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Maersk Oil to focus on North Sea, Kenya after Qatar contract loss

28 June 2016, 14:18

Maersk Oil, a unit of Danish conglomerate A. P. Moller-Maersk, will focus on building on its operations in the North Sea and in Kenya, after it lost the contract to operate Qatar's largest offshore oilfield.

Pound slides as Brexit alarm spreads

27 June 2016, 13:01

Britain battled to stop worldwide Brexit alarm Monday as sterling crumbled to a three-decade low against the dollar, while bank, airline and property shares plummeted.

KRA’s iTax system processes transactions worth Ksh280 billion

27 June 2016, 08:17

The Kenya Revenue Authority’s (KRA) iTax platform payment gateway managed to process transactions valued at more than Ksh280 billion for the period between 1st January and 8th June 2016.

Kenya to avoid local debt rate spike, faces higher costs abroad - IMF

24 June 2016, 19:27

Kenya may face higher borrowing costs abroad due to a bigger 2016/17 budget deficit but its improved management of domestic borrowing will avoid the kind of spike in government debt yields seen in the local market in late 2015, the IMF said on Friday.

Kenya has enough forex to handle any impact from Brexit vote - minister

24 June 2016, 17:58

Kenya has adequate foreign exchange reserves to take appropriate action if there is any fallout from Britain's vote to leave the European Union but there is no reason for any such action for now, the finance minister said on Friday.

Kenya takes ownership of refinery after buying Essar's stake

24 June 2016, 15:36

Kenya took ownership of a petroleum refinery in its port city of Mombasa by finalising the acquisition of a 50 percent stake that had been held by India's Essar Energy, the Finance Minister said on Friday.

Kenya to import Tanzanian maize as stocks lacking

24 June 2016, 12:37

Kenya plans to import corn from neighboring Tanzania because the nation doesn’t have sufficient supplies to meet its needs, the Cereal Millers Association said.

Brexit disastrous for world markets

24 June 2016, 12:39

Politicians say that Britain's vote to leave the EU is irreversible, but what if a vote for leave isn't really that final or dramatic.

Kenya Bourse Eyes Listings Rush as Commercial Lending Rates Soar

23 June 2016, 18:02

With commercial lending rates as high as 24 percent, more Kenyan companies are turning to the stock market to raise capital, according to Geoffrey Odundo, chief executive of the Nairobi Securities Exchange.

Kenyan Central Bank Signals Rates on Hold as Inflation Slows

23 June 2016, 16:47

Kenya’s central bank signaled it will keep interest rates unchanged after inflation slowed to within the government’s target range.

Kenya says has enough forex reserves to weather any Brexit fallout

21 June 2016, 16:30

Kenya's central bank has enough foreign exchange reserves and funds available from an IMF standby facility to weather any fallout from a British referendum on whether to leave the European Union, the governor said on Tuesday.

Farmers earn KES 3.2 billion from rice sales

21 June 2016, 13:08

Rice farmers in Mwea, Kirinyaga County, are smiling all the way to the bank after receiving KES 3.2 billion from rice sales.

Posta launches mail and parcel tracking application to shore up revenue

20 June 2016, 08:19

Kenyans will soon be able to track mails and parcels using their mobile phones, following the launch of a digital application by Postal Corporation of Kenya (Posta).

KRA milking Wanjiku dry

17 June 2016, 13:09

There are just too many taxes everywhere.

How sky-high unemployment fuels consumer debt

16 June 2016, 17:19

Many South Africans are going into debt purely to survive as unemployment in South Africa spiralled to 26.7% – the highest since September 2005.

Kenya's domestic debt hits 18 bln USD

16 June 2016, 09:36

The debt stood at 16.9 billion dollars end of May and swelled by 568 million dollars to stand at over 17.5 billion dollars last week on account of increased sale of Treasury bonds.

African civil society organisations oppose new seed protocol

15 June 2016, 18:47

Civil society organisations have opposed plans by 19 African states to introduce a regional protocol banning the use of uncertified seeds, a move aimed at protecting the intellectual property rights of plant breeders.

Kenya Airways cheating Ugandans, MPs complain

15 June 2016, 12:56

Uganda Parliament is concerned about Kenya Airways charging Ugandans highly especially for the trip from Entebbe airport to Nairobi.

Kenyan Bank Crisis Pushes Money Toward Government-Debt Haven

14 June 2016, 18:23

Kenyan Treasury yields have dropped to almost three-year lows as the collapse of three banks within nine months in East Africa’s largest economy prompts lenders and pension funds to seek out the relative safety of government debt.

Financial Indicators

KES/$ 0,0098 (0%)
KES/£ 0,0074 (-2,78%)
KES/€ 0,0089 (0%)
KES/ZAR 0,1499 (0,33%)
ABRI Kenya Index 139.32 (-0,23%)
NSE 20 Share Index 3942.91 (-0,19%)

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