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Business

Kenya Airways gets $240 million in loans from government, Afrimexbank

02 September 2015, 21:27

Kenya has provided a 4.2 billion shilling ($40 million) loan to loss-making Kenya Airways , the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a $200 million bridging loan for the airline.

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Kenya's Jubilee Holdings says first half-year profit rises 16 pct

02 September 2015, 21:27

Kenyan insurer Jubilee Holdings posted a 16 percent rise in pretax profit for the first six months of this year, boosted by increases in life and medical insurance premiums.

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Govt will only bailout KQ once it's managemnet is fully restructured

02 September 2015, 08:14

The government will not inject its proposed KES 60 billion bailout for the ailing Kenya Airways (KQ) until the airline management is fully restructured.

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Kenya's domestic debt drops by 1.2 bln USD since January

01 September 2015, 11:22

Kenya's domestic debt has declined to 13.5 billion U.S. dollars as government slows down borrowing from the public, new data from theCBK shows.

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Kenyan tea ranked the best in the world

01 September 2015, 09:13

UAE investors’ delegates visiting Mombasa have hailed Kenyan tea as the best in the world.

Petitioners want CBK to retain portraits of former Presidents on currency

01 September 2015, 08:09

Seven petitioners want the National Assembly to amend the Constitution to bar the Central Bank of Kenya (CBK) from removing portraits of former Presidents on Kenyan currency.

Kenya's Uchumi says earnings for year ending in June to fall 25 pct

31 August 2015, 20:35

Kenya's Uchumi Supermarkets said its earnings for the year ending in June will fall at least 25 percent compared with the previous year.

Kenya's inflation falls to 5.84 percent year on year in August

31 August 2015, 18:08

A fall in Kenyan food prices slowed inflation to 5.84 percent year-on-year in August from 6.62 percent in the previous month, the statistics office said.

US businessman arrested in Sierra Leone 'blood diamond' case

31 August 2015, 14:01

Spain arrests US businessman charged in Sierra Leone 'blood diamonds' case.

Kenya Airways launches campaign to curb illegal wildlife trade

28 August 2015, 17:17

Kenya Airways has partnered with International Air Transport Association (IATA), Kenya Wildlife Service and global conservation organization, Freeland, to curb smuggling of wildlife products through commercial airlines.

Total Kenya says pre-tax profit falls 14 pct

28 August 2015, 09:23

Oil marketer Total Kenya said its first-half pretax profit dropped by 14 percent due to inflation and volatility in international oil prices.

Serena Hotels signs $20M loan agreement with France's Proparco

26 August 2015, 18:27

Hotelier TPS Eastern Africa said it had signed a $20 million loan agreement with French development institution Proparco, to support the refurbishment and redevelopment of its properties in Kenya.

East African Cables reports loss on output disruptions

25 August 2015, 18:51

East African Cables, which makes cables for the utility and telecoms industries, reported a loss of 97.6 million shillings ($941,176) for the first six months of 2015, citing disruptions to output as it upgrades a factory in Kenya.

Get Started: Businesses owned by minority women are soaring

24 August 2015, 17:04

Get Started: Number of businesses owned by minority women soars in latest Census count.

KTDA commissions hydro power plant to cut tea production cost

24 August 2015, 09:47

Kenya Tea Development Agency (KTDA) has commissioned a hydro power project at Mathioya, Murang’a County aimed at cutting the cost of energy in tea production at four local factories.

Shilling firms against dollar, shares drop

21 August 2015, 20:41

The Kenyan shilling gained against the dollar on Thursday but was seen vulnerable from the side-effects of a global rout of emerging market currencies. Shares fell.

New rules not targetting Safaricom, CAK says

20 August 2015, 20:47

Telecoms regulator CAK says that new regulations to prevent large firms abusing their dominant position in the sector are not targeted at Safaricom, the country's biggest operator, or any other company.

Kenya's tourism improves despite terror fears

20 August 2015, 07:24

Kenya's tourism industry is projected to defy threats of terror and record growth during the second half of the year.

NIC Bank says pretax profit up 10 pct in first half

19 August 2015, 20:32

NIC Bank increased lending in the first half to boost its pretax profit 10 percent from a year earlier to 3.2 billion shillings ($31 million), it said on Wednesday.

Shilling weakens on dollar demand from various sectors

19 August 2015, 20:32

The Kenyan shilling weakened on Wednesday on dollar demand from various sectors but was expected to remain a range through the week, traders said.

The largest ever container ship to dock at Mombasa port Thursday

19 August 2015, 13:08

The Mombasa Port is set to benefit from the expansion of berth number 19 following the arrival of the biggest ever cargo ship from Singapore, MV Clemens Schulte, that is set to sail into the Kilindini harbour.

Mumias Sugar says FY profit to fall more than 25 pct

19 August 2015, 09:37

Mumias Sugar expects profit to fall by more than a quarter in its financial year to end-June due to a shortage of sugar cane and routine breakdowns at its plant.

Kenya to stabilise currency by tightening deficit: Rotich

18 August 2015, 18:09

Finance Minister Henry Rotich has promised further steps, including cutting the budget deficit, to stabilize the Shilling after a 12 percent fall against the dollar so far this year.

DHL Express donates playing unit to a children's home

18 August 2015, 13:59

Giant Courier firm DHL Express put a smile on children at St Therese development center by donating a state of the art playing unit to the institution that is located at Naivasha, Nakuru County.

Financial Indicators

KES/$ 0,0095 (1,04%)
KES/£ 0,0062 (0%)
KES/€ 0,0085 (0%)
KES/ZAR 0,1288 (-0,78%)
ABRI Kenya Index 142.52 (-0,42%)
NSE 20 Share Index 4127.08 (-0,63%)

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