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Business

Kenya earns 20 pct more from horticulture exports in first 9 months

08 November 2016, 13:04

Kenya's earnings from horticulture exports rose 20 percent to 77.81 billion shillings ($766 million) in the first nine months of this year from a year earlier, the country's statistics office said on Monday.

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Kenyan shilling little changed, trade slow due to U.S election

08 November 2016, 11:06

The Kenyan shilling was little changed against the dollar on Tuesday, supported by central bank dollar sales in the previous session and amid subdued activity due to the U.S. election, traders said.

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Kenya to meet investors keen on road building partnerships

08 November 2016, 08:28

Kenya will meet potential investors later this month to discuss plans to build roads jointly with the state under a model that allows them to recoup their funds and make a return after completion, a top official said on Monday.

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Kenya's Islamic finance drive to tackle taxes, governance

04 November 2016, 09:44

Kenya's plans to develop Islamic finance include a wide-ranging taxation review and the establishment of a national sharia board, steps which could set it ahead of other African countries aiming to develop the sector.

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Kenya's Equity Bank sees mobile banking growth offsetting rate cap

04 November 2016, 03:58

Kenya's Equity Bank Group said on Thursday strong growth in its mobile banking business would help offset the country's cap on lending rates, after posting an 18 percent rise in its January-September pretax profits.

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Tullow oil says to restart Kenyan exploration and appraisal next month

02 November 2016, 12:09

Tullow Oil will restart exploration and appraisal drilling at Kenya's prolific South Lokichar field next month where it saw an upside potential of over 1 billion barrels of recoverable oil, a senior official said on Tuesday.

Taste of solar power builds appetite for more in Kenya, survey finds

01 November 2016, 12:38

Fuel-seller Nancy Kaisa has for years used solar power to light her premises at the Entasopia shopping centre in Kajiado, in southern Kenya.

U.S. Startup Plans Africa Expansion With Sun-Powered Water Kits

31 October 2016, 14:16

A U.S. startup that sells solar-powered irrigation kits to small-scale farmers in Kenya plans to expand in East Africa, where regular droughts often result in food shortages.

Kenya Power pre-tax profit slips 1.4 pct in year to June 2016

31 October 2016, 07:40

Kenya Power and Lighting Company (KPLC) Ltd reported on Saturday full-year net pre-tax profit of 12.083 billion shillings ($119.2 million), slipping 1.4 percent on the back of rising costs linked to its growing transmission network.

Kenya Airways' losses shrink in first half

28 October 2016, 08:51

Kenya Airways' said its pretax loss narrowed sharply in the six months through September as it made an operating profit, raising hopes that the struggling carrier may be beginning to turn a corner.

Solar battery power takes up the charge in Kenya

26 October 2016, 19:51

Staff of the International Center of Insect Physiology and Ecology (ICIPE) don't worry too much about the frequent power outages at their campuses.

Kenya says will return to international debt market at right time

25 October 2016, 13:25

Kenya will return to international markets to borrow when it feels the time is right, National Treasury Cabinet Secretary Henry Rotich said on Tuesday.

Jambojet increases flight frequencies to capitalize on festive season

25 October 2016, 09:49

Jambojet will increase its flights to Mombasa from 22 to 31 flights a week, while Kisumu, Eldoret and Ukunda will have a total of 20 flights per week each.

How to protect your assets in the event of divorce

21 October 2016, 14:28

A Fin24 user wants to know if his assets will be subject to accrual in the event of a divorce.

Quit lying about Eurobond, Uhuru tells Auditor General

19 October 2016, 15:35

President Uhuru Kenyatta has accused the Auditor General of lying about the Eurobond scandal.

Kenya Pipeline Picks PwC as Lead Adviser on Oil-Refinery Offer

19 October 2016, 15:35

Kenya Pipeline Co. selected PricewaterhouseCoopers as lead adviser on its proposed purchase of Kenya Petroleum Refineries Ltd., the only crude-processing company in East Africa’s largest economy.

Kenya rate cap pushes drive to mobile banking to cut costs, grow

19 October 2016, 14:08

Kenyan banks are focusing on mobile banking to lower costs and build new revenue streams after the government capped commercial lending rates, but they face several years of work to recover from the hit to profitability, bankers and analysts said.

Google now helps you find cheaper flights

18 October 2016, 16:25

Google is helping users find cheap flights, through the launch of its 'Flights' service ahead of the holiday season.

Julian Assange cut off from internet access

18 October 2016, 16:25

Ecuador has cut off WikiLeaks founder Julian Assange’s internet access within the South American country’s London embassy, WikiLeaks said in a statement on its website.

Public interest factors in merger control are creating uncertainty for investors in Africa

18 October 2016, 12:37

While merger control typically prevents companies from acquiring a dominant position in M&A transactions in Africa, there is a lack of predictability and rules-based approach on how businesses can comply with the public interest factors contained in the legislation.

Air passengers with Note 7 phones face fines in US

17 October 2016, 16:14

Airline passengers who try to carry Samsung Electronics Note 7 smartphones on flights will have them confiscated and may face fines.

Top Twitter suitor walks away - report

17 October 2016, 16:14

A top suitor has ruled out bidding for Twitter, making it likely the one-to-many messaging service will be left to fly solo, according to Financial Times.

Kenyan opposition says any new Eurobond could become 'odious debt'

17 October 2016, 16:00

Kenya's main opposition leader Raila Odinga said any new Eurobond issue by Kenya could be classified as "odious debt", saying the government had failed to account fully for the use of funds raised in a previous issue.

Kenya Airways cancels flights amid strike

16 October 2016, 18:01

Kenya Airways has cancelled five flights to African destinations and delayed one as a strike by its staff members entered its third day on Sunday, leaving hundreds of passengers stranded in Nairobi, Kenya.

Court bars planned Kenya Airways strike

15 October 2016, 09:47

A Kenyan court issued an order on Friday preventing pilots at loss-making national carrier Kenya Airways from going ahead with a strike next week, a lawyer for the airline said.

Financial Indicators

KES/$ 0,0097 (1,02%)
KES/£ 0,0077 (1,28%)
KES/€ 0,0092 (0%)
KES/ZAR 0,135 (-0,45%)
ABRI Kenya Index 132.25 (-1,1%)
NSE 20 Share Index 3495.03 (-0,91%)

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