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Business

Kenya seeks global trade restrictions on tree used for wood carvings

31 August 2016, 18:07

Kenya is seeking a global trade restriction on a tree species used for making wood carvings and music instruments, a Kenyan scientist said.

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Kenya says China's diplomatic clout key to total ban on ivory trade

31 August 2016, 17:05

China's diplomatic clout will re-energize the push for a total ban on ivory trade during the upcoming Convention on International Trade on Endangered Species (CITES), Kenyan officials said on Monday.

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Women are less of an accident risk, stats reveal

31 August 2016, 12:35

Men have fewer car accidents than women, but the damage caused is more severe than accidents where women are involved, Alexander Forbes Insurance statistics reveals.

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REVIEWED: Alcatel OneTouch Go Play

31 August 2016, 12:35

The Alcatel OneTouch Go Play screams out fun before you take it out of the box.

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Kenya Bond Window Is Shutting as IMF Sees Risks From Fed to Poll

30 August 2016, 18:19

Kenya needs to act swiftly if it’s to sell Eurobonds by year-end without a jump in borrowing costs, according to the IMF.

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Kenya Reinsurance reports pre-tax profit of KES 2.21 B

30 August 2016, 11:55

Half year profit ended June 2016 gross written premium of 7.09 billion shillings versus 6.20 billion shillings year ago.

Uber dominates as most popular taxi app in 108 countries

29 August 2016, 18:01

As the battle for the world's ride-hailing customers heats up, here's one statistic to consider: Uber is now the most used taxi app in 108 countries.

IMF Sees Kenyan Cap on Bank-Loan Rates Blunting Monetary Policy

29 August 2016, 13:32

Kenya’s decision to limit the rate that commercial banks can charge for loans will cloud the central bank’s monetary policy signals and may undermine efforts to keep inflation within the government’s target range, the International Monetary Fund said.

Food security can help prevent conflicts in Africa: officials

29 August 2016, 12:31

The UN food agency on Saturday called on African nations to prioritize food security, which it said has an important role to play in preventing conflicts and crises on the African continent.

Japan promises Kenya aid to fund development, power generation

29 August 2016, 08:43

Japan will give Kenya 1 billion yen ($9.78 million) in aid to spur economic and social development, and will extend an as yet unspecified amount for a geothermal power project, the leaders of the two countries said.

Kenya’s Biggest Bank Faults State Borrowing for High Rates

26 August 2016, 14:54

Kenya’s biggest bank said the government can do more to help reduce high lending rates by being clearer about its borrowing plans, after President Uhuru Kenyatta signed into law a bill capping the cost of loans.

FEATURE: Efficient cookstoves save trees - and chickens - in Kenya

26 August 2016, 13:22

Farmers in Kenya's Laikipia County have found a clever way to reduce their use of wood for fuel while raising more chickens for cash: an efficient ceramic cooking stove that doubles as a chick brooding box.

CBK sells dollars after rate cap weighs on shilling

26 August 2016, 12:14

The currency had weakened at the start of trading in reaction to the cap on the interest banks can charge borrowers, prompting the central bank to step in.

East Africa nations to cooperate on e-waste management

25 August 2016, 17:23

The East Africa Community (EAC) member states have agreed to cooperate in tackling the growing problem of e-waste management.

Safaricom's Little Cabs service doesn't require internet

25 August 2016, 15:18

Little Cabs will also be rewarding customers with airtime.

Kenyans to bear the brunt of low interest rates as bank suspends unsecured loans

25 August 2016, 13:07

One commercial bank has already stopped processing unsecured loans following the signing of the Bill capping interest rates.

Safaricom inflows lift trading at Nairobi bourse

25 August 2016, 14:20

NSE turnover rose 173 percent to 8.4 million U.S. dollars Wednesday on a volume of 37 million shares as foreign investors are seeking to cash in on forthcoming Safaricom's dividend payout dominated trading with buys.

Kenya banks' association says banks will comply with law capping lending rates

24 August 2016, 17:14

Kenya's bank industry body said on Wednesday its members will comply with an amended law signed by Kenyatta capping lending rates, but said it felt an arbitrary rate cap was not in the best interests of most people and businesses.

President Kenyatta assents law capping commercial bank lending rates

24 August 2016, 16:16

Kenya's President Uhuru Kenyatta has signed into law a bill that would cap commercial bank lending rates at 4 percentage points above the central bank's benchmark lending rate, his office said on Wednesday.

Regulatory body puts bogus HR consultants in check

24 August 2016, 07:05

It has emerged that out of the 44 registered HR consultancy firms in the country, he said its only 11 have regularised their certificates.

Kenya's Equity Bank plans to be present in 15 countries in ten years

23 August 2016, 14:44

Kenya-based Equity Bank plans to have presence in 15 African countries in the next ten years, officials said on Monday.

Kenyan experts say China-funded modern railway to hasten growth

22 August 2016, 17:17

The Chinese-funded Standard Gauge Railway (SGR) project will speed up economic transformation in Kenya and the larger eastern African region through increased cross-border trade, investments and easy mobility of skilled personnel, experts told Xinhua in recent interviews.

Kenya set to ratify global maritime deal to curb illegal fishing

22 August 2016, 13:35

Kenya said on Friday it has launched the process of ratifying an international maritime deal to help deter illegal fishing.

Kenya says it has capacity to embrace GMOs

19 August 2016, 16:37

The Kenyan government said on Wednesday it has adequate human capacity and infrastructure for agricultural biotechnology research and development, including those in genetically modified organisms (GMOs).

Financial Indicators

KES/$ 0,0098 (-1,03%)
KES/£ 0,0075 (-1,35%)
KES/€ 0,0088 (-1,15%)
KES/ZAR 0,1434 (-2,5%)
ABRI Kenya Index 133.32 (-0,14%)
NSE 20 Share Index 3424.36 (-0,59%)

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