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Business

Kenya’s economic prospects for 2012 bleak

16 May 2012, 10:35

The government now projects the Kenyan economy to grow by a mere percentage point from last year’s 4.4 percent, citing high interest rates.

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Petrol hits KES 121

15 May 2012, 10:21

Motorists will have to dig a little deeper to pay for fuel at least for the next one month, after the ERC announced higher fuel prices.

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Technology could bridge healthcare gap

15 May 2012, 07:39

The government has been urged to scale up use of E-health in provision of healthcare.

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Red flag raised over Thika Highway accidents

14 May 2012, 15:12

The increased road accidents on the Thika Superhighway have prompted a major financier of the project, to blow the whistle on safety gaps.

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Lecturers’ pay set to be pegged on courses

14 May 2012, 11:05

University lecturers will be paid on the basis of courses they teach rather than job grades if a proposed law is passed by Parliament.

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Food prices rise as stocks remain low

11 May 2012, 09:30

Food prices have increased significantly in the last four months despite the rains and a decline in the rate of inflation.

Safaricom posts a 4pc dip in profits

10 May 2012, 11:20

Safaricom posted a KES 12.63 billion after-tax profit for the year ending March 2012, down from KES 13.16 billion last year.

Law to protect tenants from arbitrary rent increase

10 May 2012, 09:43

Landlords, especially within urban areas, will soon be forced to get a permit from relevant authorities before they hike house rent.

Kenya leads Africa in mobile pay technology

09 May 2012, 10:11

A recent study by Mastercard shows that Kenya leads the developing world in readiness to adopt mobile payment technology.

Eastleigh traders boycott work over insecurity

09 May 2012, 09:08

Traders in Eastleigh closed their businesses for several hours to protest increased cases of insecurity following theft of KES. 1.8 m.

Central Bank says in market for $60 mln via repos

07 May 2012, 13:50

The Central Bank has sought to mop up 5 billion shillings ($60.1 million) via repurchase agreements (repos) for the sixth straight session.

Former CBK governor summoned over De La Rue

04 May 2012, 09:05

Parliament’s PAC has demanded that former Central Bank of Kenya (CBK) Governor Andrew Mulei appear before the Committee.

Obama invites African leaders to G8 summit

04 May 2012, 08:39

US President Barack Obama has invited the leaders of Benin, Ethiopia, Ghana and Tanzania to take part in a session on food security in Africa at the G8 summit.

Nigeria threatens MTN with sanctions

04 May 2012, 08:33

Nigeria's telecommunications authorities have threatened to impose sanctions on an affiliate of MTN over alleged poor service to subscribers.

Turkana oil blocks not being privatised

03 May 2012, 08:39

The Ministry of Energy has denied allegations that it is privatising several blocks of land for oil exploration in Turkana.

Government institutions owe Malindi Water Company millions

02 May 2012, 17:15

Several government institutions in Malindi have piled up water debt to KES 12 million which they owe Malindi Water and Sewerage Company.

Midiwo accuses Mps of taking bribes to defeat bills.

02 May 2012, 17:22

Government Whip Jakoyo Midiwo has taken a swipe at MPs for allegedly taking bribes to either pass or defeat bills before the House.

Sh17bn mystery item in Budget

02 May 2012, 07:06

The Ministry of Agriculture said the KES 17 billion set aside in the Budget for importing maize was suspect, as there was no emergency now.

COTU issues strike notice over NHIF rates

01 May 2012, 15:47

COTU has issued a 2-week strike notice to protest the implementation of the new NHIF rates during this year’s Labour day.

Global hotel brands coming to Nairobi for Investment Forum

30 April 2012, 10:25

Several premium global hotel and tourism giants have confirmed their participation in the forthcoming Africa Hotel Investment Forum.

Nakumatt to unveil ‘Planet Media’ store

30 April 2012, 09:58

Retail chain Nakumatt Holdings is now all set to open the doors to Kenya’s largest multi-media store.

CRA publishes criteria for county revenue

27 April 2012, 15:07

CRA has recommended that county governments should receive an allocation KES. 203 bn while KES. 407 bn be given to the national government.

Interest rates impact housing sector

25 April 2012, 15:09

High interest rates that adversely affected mortgage uptake saw Housing Finance report a 38 percent drop in sales in the first quarter.

Explore new ways to market Kenya – PM

24 April 2012, 15:52

PM Raila Odinga has challenged the stakeholders in the tourism sector, to fast track the full implementation of the Tourism Act.

Digital media the way to go, report says

24 April 2012, 10:27

Digital media is seeing exponential growth in Kenya as traditional media such as print and television struggle to earn advertisement revenues.

Financial Indicators

KES/$ 0.0118 (0.84%)
KES/£ 0.0073 (1.35%)
KES/€ 0.0092 (0%)
KES/ZAR 0.0973 (0.1%)
ABRI Kenya Index 79.19 (0.27%)
NSE 20 Share Index 3637.08 (0.23%)

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