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Business

Shell reports 44 percent drop in earnings

06 February 2016, 18:32

Shell says fourth quarter earnings fell 44 percent to $1.83 billion.

Yahoo to cut 1,700 workers

04 February 2016, 08:06

Yahoo is laying off about 1,700 workers and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.

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Govt forecasts economic growth of 6.3 pct in 2016

03 February 2016, 08:11

The government has forecast Gross Domestic Product (GDP) to grow at 5.9 percent in 2015/2016, 6.3 percent in 2016/2017 and 6.4 percent by 2018/2019.

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ExxonMobil reports 58% drop in profit

02 February 2016, 18:54

ExxonMobil reported a 58 percent drop in fourth-quarter earnings as plunging oil prices dented results in the US oil giant's exploration and production business.

IMF reforms lending rules to heavily indebted countries

30 January 2016, 08:02

The International Monetary Fund said Friday it had overhauled its lending rules for heavily indebted countries, including a rule created in 2010 to allow it to aid Greece.

Land Rover ends production of Defender model

29 January 2016, 19:36

The last-ever Land Rover Defender, a vehicle beloved by Queen Elizabeth II and featured in Hollywood blockbusters, rolled off the production line Friday after 68 years of being made in Britain.

Toyota stays No. 1 automaker, sells 10.15M vehicles in 2015

28 January 2016, 18:53

Toyota Motor Corp. says it sold 10.151 million vehicles in 2015, retaining its status as the world's leading automaker for the fourth straight year.

WATCH: M-Pesa customers to receive free monthly statements

28 January 2016, 14:37

M-Pesa customers will now be able to receive their monthly statements for free via email, following the launch of a new service by Safaricom.

E. African states to install single electronic cargo system

27 January 2016, 07:29

Kenya, Uganda and Rwanda plan to install an electronic cargo tracking platform in order eliminate tax evasion.

Food giant Unilever posts 5% drop in profit

26 January 2016, 18:01

Dutch food and cosmetics giant Unilever Tuesday posted a 5.0 percent fall in 2015 profits from the previous 12 months, saying it had been a "challenging year" amid the economic slowdown.

Kikopey chomazone re-opened after three-week closure

26 January 2016, 09:04

The famous Kikopey meat joint along the Nairobi-Nakuru highway has been re-opened.

Uganda to manufacture solar-powered bus by 2018

25 January 2016, 15:23

Kiira Motors Corporation, the company that government of Uganda created to start motor vehicle manufacturing in the pearl of Africa nation has announced plans to begin automobile production in 2018.

Africa Oil: Low oil price won't cause major delay to Kenya project

22 January 2016, 21:10

Falling world oil prices will not cause a major delay to plans to begin oil production in northwest Kenya, Africa Oil Corp's chief executive said.

Kenya Power on the spot in the wake of national blackout

21 January 2016, 18:04

The Kenya Power Company is under increasing pressure from Kenyans in the face of continued blackouts in Nairobi, Mombasa and other parts of the country.

Digital content marketing really delivers for brands

21 January 2016, 14:15

BBC StoryWorks in partnership with facial coding experts CrowdEmotion, has combined traditional research metrics with facial coding to understand how brands can use content-led marketing to effectively engage with consumers.

Kenya Airways bosses face exit

20 January 2016, 21:33

The Kenya Airline Pilots Association KALPA has called for the immediate disbandment of Kenya Airways 'leadership team, citing lack of confidence in its ability to oversee the troubled airline’s recovery.

The power of social media in Kenya’s travel industry

20 January 2016, 12:45

In the travel and hospitality industry where visual content plays a major role, you need to shop well for the most suitable social media channel for your niche.

New car sales jump 12.86 pct in 2015

19 January 2016, 11:50

Kenya's new car sales increased by 12.86 percent last year to 19,524 units, the Kenya Motor Industry Association said on Monday.

Cartels making it hard for ERC to lower oil prices, claims MP

18 January 2016, 13:09

An ODM nominated MP, Isaac Mwaura has claimed that powerful cartels in the energy sector influence oil prices in Kenyan market making consumers to pay more despite reduction in cost by oil producing countries.

President launches Sh7.6 billion street lighting project

16 January 2016, 18:52

President Uhuru Kenyatta Friday evening launched a Sh7.6 billion street lighting project with an assurance that it will be extended to all major towns in the 47 counties.

6 rules to survive 2016 economic tumble

14 January 2016, 16:09

As the economy continues to tumble, here are six simple rules of survival.

Kenya to export more tea to Iran, Far East

14 January 2016, 13:42

Tea traders will export more of the commodity to Far East countries mostly Iran when trade sanctions have been removed.

Tourism boost as President opens the only Marina between Cape Town and Cairo

13 January 2016, 11:10

The tourism industry today received a major boost as President Uhuru Kenyatta opened a marina in Mombasa, the only one of its kind between Cape Town in South Africa and Cairo in Egypt.

Kenya’s insurance industry showing positive signs of growth

12 January 2016, 14:21

Having witnessed a significant growth across all the sectors in the past few years, the Kenyan insurance industry will continue to grow at a double-digit CAGR, finds a new report by Timetric’s Insurance Intelligence Center.

Business still key for Trump

11 January 2016, 18:03

If elected president, Trump expects to hand over control of business empire to his children.

Financial Indicators

KES/$ 0,0097 (0%)
KES/£ 0,0067 (0%)
KES/€ 0,0088 (-1,15%)
KES/ZAR 0,1564 (-0,97%)
ABRI Kenya Index 141.38 (0,33%)
NSE 20 Share Index 4051.90 (0,55%)

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