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Business

Google unveils Android Pay in fresh challenge to Apple

29 May 2015, 08:24

Google has unveiled its pay-with-a-phone system for Android devices, ramping up its challenge to Apple in mobile payments.

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Garden City mall to host Nakumatt’s 53rd outlet

28 May 2015, 13:56

Regional retailer Nakumatt Holdings has opened the doors to its 53rd outlet in East Africa at the new Garden City Mall.

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Loss-making Kenya Airways gets government loan

28 May 2015, 14:29

The government has given loss-making national carrier Kenya Airways a 4.2 billion-shilling loan to help turn the business around.

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Government advertises sale of five sugar factories

28 May 2015, 13:20

The government has advertised the sale of its stake in five sugar factories, following an approval by the Privatisation Commission.

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Uhuru: SGR to create jobs, boost economy

27 May 2015, 14:57

The Chinese-funded Standard Gauge Railway (SGR) will boost Kenya's economy and create job opportunities for the youth, said President Uhuru Kenyatta.

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Gusts of opposition hit Kenyan wind farm project

27 May 2015, 14:00

By Maina Waruru

Africa seeks super banker to manage new economic frontier

26 May 2015, 08:40

Eight candidates are vying to become the next head of the strategic African Development Bank as the continent is undergoing an economic transformation.

Nakuru hoteliers enjoy benefits of booming conference tourism

25 May 2015, 09:32

Hoteliers in Nakuru are enjoying the benefits of growing conference tourism in the country.

Airtel announces discount on purchase of data bundle

22 May 2015, 10:22

Airtel customers who purchase daily, weekly or monthly #UnlimiNet bundle via Airtel Money will enjoy a 5% discount, the company has announced.

Equity Bank CEO resigns from Britam

21 May 2015, 11:40

Britam Company has announced resignation of Dr. James Mwangi from its Board of Directors.

Tiger Brands' Kenyan business hit by fraud allegations

21 May 2015, 08:20

Tiger Brands, South Africa's biggest consumer foods manufacturer, said executives at its Kenyan business had cheated to reach targets as it reported flat first-half earnings also weighed down by a weak naira currency in Nigeria.

Cofek threatens to sue Nakumatt for defrauding customers

20 May 2015, 09:18

The Consumer Federation of Kenya (Cofek) has threatened to sue Nakumatt Supermarket for defrauding its customers.

Careerpedia to be launched in Kenya

20 May 2015, 08:07

Storymoja Africa plans to launch Careerpedia resource book to offer the youth insights regarding the most appropriate career direction for their skill sets.

Kenya awards two coal blocks, plans power plant

20 May 2015, 07:28

Kenya has picked China’s HCIG Energy Investment Company and Liketh Investments Kenya Ltd to develop two coal blocks in its Eastern region, the energy and petroleum ministry said.

Kenyan shilling under pressure from demand for dollars

19 May 2015, 14:23

The Kenyan shilling inched lower, weighed down by demand for dollars by importers.

Kenya shilling holds ground as demand for dollars eases

18 May 2015, 14:29

The Kenyan shilling held steady as pressure on the currency eased along with falling demand for dollars.

Marathon Oil seeks bids for onshore East Africa stakes

17 May 2015, 08:33

Marathon Oil Corp is seeking bids for its interest in four onshore exploration blocks in East Africa as the oil and gas company focuses on drilling in U.S. shale formations.

Africa feels the pinch from rising oil, weaker currencies

16 May 2015, 10:11

Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation.

Eveready to set up shopping mall after closure of battery plant

15 May 2015, 12:24

Eveready is mulling opening a shopping mall following the closure of its battery factory in Nakuru.

Equity Bank plans 10-nation Africa expansion

14 May 2015, 10:06

Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders, its chief executive said.

GALLERY: DSTV slashes decoder prices by 48%

12 May 2015, 15:39

Multichoice has announced a 48 percent price cut for DSTV decoders. Here are the photos.

Airtel appoints new chief information officer

12 May 2015, 14:23

Bharti Airtel has appointed Andrew Kossowski as Chief Information Officer for its pan African network.

Increased traffic blamed on poor services at the Likoni crossing channel

12 May 2015, 14:23

Kenya Ferry Services (KFS) have blamed the increased jam at the Likoni ferry crossing on poor services.

Five star hotel worth KES 500m to be constructed in Busia

11 May 2015, 08:55

A five star hotel worth KES 500 million which is set to change the face of Busia County is under construction at Nang'oma hills in Budalangi constituency.

U.S. oil price gains on upbeat job data

09 May 2015, 09:33

U.S. oil price rose as job data of the country came out better than expected.

Financial Indicators

KES/$ 0,0102 (0%)
KES/£ 0,0067 (-1,52%)
KES/€ 0,0093 (0%)
KES/ZAR 0,1243 (-0,08%)
ABRI Kenya Index 162.13 (0,41%)
NSE 20 Share Index 4786.74 (-0,4%)

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