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Business

Mobile money law has loopholes, Ugandans complain

26 February 2015, 15:54

The Governor of bank of Uganda, Emmanuel Mutebire has admitted that there are loopholes in mobile money regulations, following complaints by members of the public.

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KCB bank posts 18% rise in full year 2014 pre-tax profit

26 February 2015, 12:37

KCB Bank Group has posted 8% rise in full year 2014 pre-tax profit, riding on double-digit growth in balance sheet and non-funded income and positive earnings from all subsidiaries.

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Airtel Kenya invests KES 2.5 billion in 3G network

26 February 2015, 09:55

Airtel has announced that it has invested KES 2.5 billion to upgrade its network to enhance indoor coverage and 3G quality in Kenya.

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Kenyans buy set-top-boxes despite TV blackout

25 February 2015, 09:21

A TV blackout in Kenya occasioned by a standoff between four broadcasters and the government over digital migration has not stopped Kenyans from acquiring set-top-boxes.

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Kenyan shares just off six-year peak, shilling steady

24 February 2015, 08:46

Kenya's benchmark index eased on Monday but remained close to last week's six-year peak, although expectations of strong bank sector results due to be released by next month could lift the market again.

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Uchumi sinks into red but confident of east Africa expansion

23 February 2015, 13:56

Uchumi Supermarkets Ltd posted a mid-year pretax loss after investing in new branches but said it was confident its expansion strategy in east Africa would soon pay off.

Kenya calls on German investors to tap potential

23 February 2015, 08:12

Kenya has called on German business community to tap various investments in the country.

EAC leaders call for speedy implementation of the monetary union

22 February 2015, 06:37

The East African Community (EAC) leaders called for the speedy implementation of the East African Monetary Union (EAMU).

Lenovo says sorry over flawed 'Superfish' adware

21 February 2015, 08:47

Lenovo has apologised to consumers who have the Superfish adware on computers the company produced.

Stockbrokers back down on threat to stop trading

20 February 2015, 12:11

Kenyan stockbrokers said they would resume business as normal after backing away from a threat to stop trading for a month due to a court case involving the reintroduction of a capital gains tax.

China becomes attractive market for Kenyan flower farmers

20 February 2015, 09:24

China has become a new attractive market for Kenyan flower farmers exploiting diversified avenues for retailing their produce.

AfDB approves loan for Tanzania-Kenya power project

20 February 2015, 07:12

The African Development Bank Group (AfDB) said it has approved a 144.9 million U.S. dollar loan for the implementation of the Tanzania-Kenya electricity interconnection project.

Supermarket chains vie to unlock Kenya retail market

20 February 2015, 07:12

International store chains and private equity investors have opened superstores in Nairobi's suburbs to enable residents shop easily.

Airtel launches new UnlimiNET bundles for unlimited connections

19 February 2015, 11:16

Airtel Kenya has announced the introduction of a new product that offers customers the freedom to talk and remain connected to their world through the internet.

Kenya to construct pipeline that pumps 2.6 million liters per hour

18 February 2015, 14:18

Kenya Pipeline is planning to construct a pipeline that will be transporting 2.6 million liters of oil per hour.

UNICEF, Airtel, partner to empower children and youth in Africa

18 February 2015, 09:01

UNICEF and Bharti Airtel have partnered to improve Africa’s population access to health and education-related information.

MoneyGram reaches 25,000 locations across Africa

18 February 2015, 07:43

MoneyGram recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA.

JKIA rated among top 5 best airports in Africa

17 February 2015, 11:15

Jomo Kenyatta International Airport (JKIA) has been recognized for its excellence in customer service by the Airports Council International (ACI).

Kenya's domestic debt increases to 14.7bln USD

17 February 2015, 07:17

Kenya's domestic debt has surged to 14.7 billion U.S. dollars, an increase of 400 million dollars since January.

Small kerosene traders in Kenya count losses as fuel prices drop

16 February 2015, 07:44

Massive drop in fuel prices has spread cheers among kerosene consumers in Kenya. However, small- scale traders dealing in the commodity are counting losses.

EABL sees earnings boosted by rising beer and spirit sales

13 February 2015, 09:40

Rising beer and spirit sales in Tanzania and Uganda helped East African Breweries (EABL) post a 12 percent rise in first-half pretax profit.

EU warns of tough measures on Kenya's fresh produce

13 February 2015, 07:41

The European Union (EU) has threatened to impose stricter inspection measures on fresh produce from Kenya over failed compliance to the bloc's standard.

Kobby Adams appointed Airtel’s sales and distribution director

12 February 2015, 08:24

Airtel Kenya has announced the appointment of Kobby Adams to the position of Sales and Distribution Director.

Govt urged to sign deal for duty free flower export

12 February 2015, 07:10

European Union (EU) ambassador to Kenya Lodewijk Briet has urged the Kenyan government to sign the Economic Partnership Agreements (EPAs) with the EU in time so as to benefit fully from duty free exports to the European market.

Airtel Kenya rated a top global brand on social media

11 February 2015, 11:08

Airtel Kenya has been rated as one of the top global brands on social media making it fall under the category of socially devoted companies in the region.

Financial Indicators

KES/$ 0,0109 (0%)
KES/£ 0,007 (0%)
KES/€ 0,0096 (0%)
KES/ZAR 0,125 (0,64%)
ABRI Kenya Index 175.97 (-0,88%)
NSE 20 Share Index 5475.84 (0,15%)

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