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Uchumi posts KES 3.2 billion loss

27 November 2015, 19:00

Uchumi Supermarkets swung to an loss after tax of 3.2 billion shillings ($31.37 million) for its year ended June from a profit of 491 million shillings in the previous period, it said on Friday.

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Kenya's flower production to suffer due to El Nino

27 November 2015, 09:28

Kenya's flower farmers are facing tough times ahead as El Nino rains pound several parts of the country, which is set to adversely affect production.

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NIC Bank reports nine-month profit

25 November 2015, 16:39

NIC Bank achieved an 8.5 percent rise in pretax profit for the first nine months of this year to 5.146 billion shillings ($50.43 million), the lender said on Wednesday.

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Kenya's new car sales jump 15 pct in first 10 months

24 November 2015, 18:24

Sales of light commercial trucks helped push new vehicle sales in Kenya to 16,711 units in the first 10 months of 2015, 15 percent higher than in the same period last year, the head of the industry's association said on Tuesday.

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Is the bubble bursting for India's online start-ups?

23 November 2015, 19:17

Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country's e-commerce companies, amid claims by analysts that many of them are overvalued.

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Origin of matatu route numbers

23 November 2015, 20:30

What is your matatu route number and have you ever wondered who came up with these route numbers?

Barclays Bank of Kenya reports nine-months group total interest income of 18.54 bln

20 November 2015, 20:31

Nine-Months ended September 2015 group total interest income of 18.54 billion shillings versus 17.02 billion shillings year ago.

Kenya's president says poor coordination slowing graft fight

20 November 2015, 20:31

Kenya's President Uhuru Kenyatta said that lack of coordination among government agencies fighting corruption was slowing the fight against graft.

Facebook tries to ease heartache of breakups with new tool

20 November 2015, 13:13

Facebook is trying to ease the heartache of breaking up by introducing a new feature to the social network.

Washed-out Kenya road blocks East Africa trade route for second day

19 November 2015, 20:30

A washed-out road in Kenya has blocked the flow of goods from Kenya's Indian Ocean port of Mombasa for a second straight day, officials said on Wednesday, choking the main trade route into East Africa.

Young Kenyan brushes entrepreneurial skills in China

19 November 2015, 18:11

The rolling hills in central Kenya where Brian Abu grew up provided a perfect training ground for the 27-year-old to master life's skills including agility, resilience and courage.

Kenya to build cruise ship terminal at its biggest port

18 November 2015, 20:35

East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management.

CBK freezes licensing of new commercial banks

18 November 2015, 07:07

Central Bank of Kenya (CBK) has put a moratorium on the licensing of new commercial banks.

Over 1 200 tourists tour Mombasa in four days

17 November 2015, 14:11

Mombasa tourism industry is set to receive a major boost following the arrival of a cruise ship form Seychelles that had over 668 tourist and 300 crew members on board.

Equity Bank reverses move to raise lending rates

17 November 2015, 09:44

Equity Bank has withdrawn a notice it had sent to customers warning them of higher interest rates, saying it had reviewed its decision after yields on government securities tumbled, its chief executive said.

Aliko Dangote: Africa's richest man leads 'lions' of business

13 November 2015, 17:59

Nigerian billionaire Aliko Dangote typifies the new "African lions" whose business empires are winning a competitive edge over foreign multinationals because of their better grasp of local markets.

Jovago unveils Swahili website

13 November 2015, 10:41

Africa’s number 1 hotel booking website, Jovago.com has hit a new milestone by launching the Swahili language version of their website.

Kenya Airways starts turnaround plan as H1 losses narrow

12 November 2015, 11:24

Kenya Airways has started implementing a turnaround plan following three-and-a-half years of losses, the chief executive said on Thursday, after the carrier announced a slightly narrower pretax loss for the six months to September.

Kenya's tax authority says tackling corruption, misconduct

11 November 2015, 20:37

Kenya's tax authority has launched a campaign to encourage people to report evasion and to crack down on staff misconduct, it said, after media allegations of corruption.

Centum posts 75 pct rise in pre-tax profit

11 November 2015, 17:58

Centum Investment Company reported on Wednesday a 75 percent rise in pre-tax profit at KES 2.246 billion ($22 million) for the six months to September 30.

Central Bank to adopt a tough regulation stance

11 November 2015, 09:58

In response to recent developments in the financial sector, the Central Bank of Kenya board chairman Mohamed Nyaoga is promising a tough supervisory regime in the country’s financial sector.

In Africa, local companies outplay multinationals

10 November 2015, 18:31

Local African companies have gained a competitive edge on the continent over their multinational counterparts and are making inroads where overseas players once dominated, says a report.

Orange sells Telkom Kenya to private investment firm

10 November 2015, 08:34

French telecoms giant Orange said on Monday it had sold its 70 percent stake in Telkom Kenya to UK private investment firm Helios Investment Partners.

Govt to allow foreign firms to retain full ownership

10 November 2015, 07:06

The government plans to reform company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday.

LG profit sinks as smartphone business suffers loss

09 November 2015, 17:56

LG Electronics' mobile business logs first loss in 6 quarters as smartphone competition bites

Financial Indicators

KES/$ 0,0097 (1,02%)
KES/£ 0,0065 (-1,56%)
KES/€ 0,0092 (0%)
KES/ZAR 0,1409 (-0,79%)
ABRI Kenya Index 145.65 (-0,21%)
NSE 20 Share Index 4215.71 (0,14%)

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