Enact law, micro and small enterprises urge
government to push for the passing of the Bill to streamline the sector. "If the constitution is passed, the government will only be able to create jobs in the initial stages of the devolved govern |
KEEPING RECORDS
State extends registration of phone sim cards to August 31
Mobile phone sub scribers who have not registered their SIM cards have up to August 31, 2010 to do so, the government announced yesterday. Permanent Secretary Ministry of Inform |
Consumers reassured over fuel availability
Consumers have no cause to worry over continued supply of fuel due to the termination of KenolKobil's crude oil processing agreement by the Mombasa-based re?nery, Energy Regulatory Commission (ERC) ha |
MORE CUT RATES LIKELY AS IDLE CASH IN BANKS ON RISE
Financiers in need of borrowers to
mop up excess liquidity.
|
MORE CUT RATES LIKELY AS IDLE CASH IN BANKS ON RISE
Financiers in need of borrowers to
mop up excess liquidity.
|
NSE rallies ahead of voting
The Kenya bourse has been squeamish during voting periods but seems to have shed its fear ahead of Wednesday's poll
T he Nairobi Stock Exchange yesterday sustained a bullish run |
CONFIDENCE | Local businesses raise profile of new vehicle purchases
|
MARKETING Airtel appoints officer for African operations
Mr Andre Beyers has been appointment chief marketing officer of Bharti Airtel's African operations. The company recently acquired the mobile service operations of Zain in 15 countries across Africa an |
EDUCATION Intellectual property courses to be offered
Inoorero University, former Kenya School of Professional Studies (KSPS), joined in a partnership with Kenya Industrial Property Institute yesterday, to offer courses in intellectual property, a first |
FINANCIAL RESULTS Victoria Bank in 45p.c. pre-tax profit
Victoria commercial Bank has posted a 45 per cent increase in its half year pre-tax profit from Sh101 million at the end of 2009 to Sh147 million. In the six months the customer deposits grew from Sh4 |
MANUFACTURING Ford Motors Co to cut about 400 jobs
Ford Motor Co. said Thursday it would eliminate around 400 jobs at its Windsor motor plant by cutting one shift of production. Ford Canada spokeswoman Lauren More called the move a "realignment of pro |
More rate cuts likely as banks' idle cash rises
Kenyan banks have so much cash they badly need borrowers if they are to avoid remaining stuck with costly idle funds. Depositors too, face a bleak future as the rates continue falling, |
KPCU CONTROVERSY
Government moves to stop auction of coffee union's assets, which were
slated for sale next week
|
PARTNERSHIP Telkom snaps dealer with wide presence
Telkom Kenya has signed up Mobicom Group, the country's biggest mobile telecommunications dealer, as it seeks to deepen the penetration of its products and services. The partnership will see Orange ta |
E-COMMERCE Internet plays big role in tourism marketing
The tourism industry has been urged to take advantage of the faster online speeds, increasing dominance of e-commerce and the rise of social media to accelerate growth. E-Tourism Frontiers CEO Damian |
DATA MANAGEMENT IMB launches data processing server
IBM has unveiled a data management technology for data centres. Speaking in Nairobi yesterday, IBM East Africa Country General Manager Tony Mwai said the zEnterprise System was developed over three ye |
THE LONG WALK Bad marriage: EABL's Hard fight for lucrative market
marriage to TBL was formalised in the 2002 agreement that saw SABMiller cede a 20 per cent stake in TBL to the Kenyan brewer in exchange of a similar stake in Kenya Breweries.
The sweetheart deal: |
ACQUISITION |
EABL takeover gets greenlight
East African Breweries Ltd has finally acquired majority shareholding in Serengeti Breweries, giving it a consolation prize in the battle for Tanzania's beer market . The Tanza |
Sale of Miwani Sugar to public put in doubt
The illegal sale of 10,000 acres belonging to Miwani Sugar Company at a paltry Sh28 million could stand in its way to privatisation. The nucleus land was sold to Crossley Ltd, associated with the o |
Kenya Times assets set for auctioneer's hammer
Property belonging to troubled newspaper, Kenya Times, might be sold through public auction. The receivers are still assessing the properties before announcing the date of auction. If sold, |
GOING DIGITAL
Few countries will beat 2015 broadcast goal
Less than half of countries in Africa will meet the 2015 deadline for transition to digital broadcasting, a new study says. This is because the policy process takes two to three years, leaving litt |
Tourism to get fresh statistics survey
Tourism growth in the past decade has created demand for fresh statistics in the industry. Several agencies have kept records giving varied results but there has been no harmonisation. As a |
ALERT
The hunt for soft skin could take a turn for the worse with banned
cosmetics
|
MOTORING
Car & General expands to city outskirts
Listed company Car and General has opened a branch in Kitengela Town as part of its objective to bring quality products closer to customers. The premises consists of a showroom and a workshop and will |
DIVERSITY
Wrigley launches new chewing gum flavour
Chewing gum maker Wrigley East Africa has added a new flavour to its range bringing the total to six. The PK Ice Lemon has a refreshing taste of lemon. The firm, said in a statement that chewing gum i |
BANKING
Zambia blames cartel for high interest rates
A former senior government official has accused commercial banks in Zambia of operating a cartel, hence failure to reduce lending interest rates despite the country's inflation rate declining to 7.8 p |
TECHNOLOGY
Firm instals printer with high capacity
Ramco Group has installed the first HP Indigo press 5500 in Kenya to provide its customers with short-runs, faster turnaround times and variable data printing capabilities. With a diverse customer bas |
AVIATION
Air travel grows faster than projected in June
International air travel grew faster than expected in June led by an improvement in Asia, airline association IATA said yesterday. Passenger volumes returned to a level two per cent above the pre-rece |
Zain Africa quiz good for society growth, says MD
Zain Africa Challenge, an inter-university quiz television game show, has been able to harness the energy of young people across the continent, says Zain Kenya managing director Mr Rene Meza. "The |
COST OF LENDING | Move catches market analysts unawares as industry regulator sends a strong signal to banks
Hope for cheap loans as CBK cuts its rate
C entral Bank of Kenya has slashed its indicative lending rate, hoping to encourage commercial banks to further cut the cost of credit. In a surprise move, the Monetary Policy |
GOOD HARVEST | Low prices a let down
|
Business plan writing opens room for cash
Enablis East Africa regional director Moses Mwaura yesterday said that young entrepreneurs have shown C the greatest interest in the M competition. "We are very encouraged Yby the enthusiasm |
SHOW |
Something to learn for farmers and traders
|
TOURISM BOUNCES BACK
New road to Amboseli improves
lodges' fortunes
|
EQUITY DEAL Heritage completes sale of oil reserves
Canada's Heritage Oil yesterday said that it had sold its share of Uganda's oil reserves to AngloIrish Tullow Oil. The transaction was completed after the Canadian company lowered its asking price to |
PERFORMANCE Demand up, but tea auction sluggish
Twenty one per cent of the tea offered for auction at the Mombasa tea auction centre last week remained unsold. The week before, 19.2 per cent of the tea remained unsold, although reports indicate tha |
NEW FRONT Mobile data to drive Asian telecom sector
Data services will drive the growth of earnings in Southeast Asia's telecommunications sector as cellphone subscriptions hit saturation levels, an industry report said yesterday. Data use via services |
Treasury seeks experts to advise on project plans
T he government has invited consultants to advise it on how best to partner with the private sector, a move aimed at avoiding a repeat of the chaos that ensued after the concessio |
Africa urged to back agriculture insurance
African governments should give insurance premium subsidies to enable small scale farmers cover their crops, farm inputs and harvest. This will ensure household food availability, agricultural insu |
SA hotelier set to manage Holiday Inn
outhern Sun Mayfair hotel is set to take over Nairobi's Holiday Inn on Sunday. This is after the current lease held by &Beyond comes to an end. It will undertake major rehabilitation of conference |
FARMING |
|
Traders count losses as Kitui goes dark
Businesses in Kitui Town were yesterday counting losses after a power blackout entered its second consecutive day. The interruption occasioned by a sudden breakdown in the main step-down transforme |
INFRASTRUCTURE| Easy access
Amboseli rises from hard life that was 2009
Improved access to Am boseli National Park has created more business for local tourist facilities. Of special mention is the new tarmac road connecting Emali to Loitoktok. The park has reco |
Higher sales boost Sameer Africa profit
Sameer Africa has announced a pre-tax profit of Sh71.8 million for the six months ended June 30, on the back of improved sales. The company secretary, Mr Issa Timamy said pre-tax profit for the tyr |
HAWKING| Making the most from least
|
TELECOMS FORUM
Meeting faults quality of service from
mobile firms
|
CONSTRUCTION
NHC in bid to set up more homes
Our technical team is negotiating the design plans" National Housing Corporation managing director James Ruitha.
National Housing Corpo ration is in the process of putting up a plant |
Safaricom sues over 3G licence fee
Mobile telephone operator Safaricom has gone to court over Sh135 million frequency utilisation fee demanded by the Communications Commission of Kenya (CCK). In a suit filed at the High Court in Na |
Sh14 billion cash boost to help seal yawning rice output gap
R ice production in the country re ceived a major boost yesterday after the Japanese government extended a loan for constructing irrigation and drainage facilities at the Mwea I |
PROMOTION Orange clients make free calls in new offer
Telkom Kenya customers are now able to make free calls within its network under a new promotion. The "Bunda-free calls to all" promotion sees Orange mobile customers make free calls to all subscribers |
SECURITY G4S tests new vehicle for cash-in-transit
G4S Security Services is testing a new prototype cash vehicle.
"This prototype is the product of G4S best practice taken out of lessons from the 70 countries in the world where it operates cashin-t |
EDUCATION Bank donates Sh1m for school dormitory
Barclays Bank of Kenya has handed over a Sh1 million donation towards building a dormitory at Ofafa Jericho High School in Nairobi. Speaking when presenting the donation at the school, Barclays global |
GROWTH Transnational plans to cover the country
Transnational Bank has said it plans to go national by 2015.
Currently, the bank has a network of 15 branches with a strong customer base in SME sector, a wide range of products for the salaried, s |
FINANCE EU and IMF probe Greece budget cuts
Auditors from the European Union and International Monetary Fund began a new probe into Greek budget cuts to judge whether a new 9 billion-euro loan should be granted in September.
Greece was saved |
High NSE activity sees stocks firm post Sh14m profit
Genghis Capital Ltd has benefited from increased activity at the stock market by recording a pre-tax profit of Sh14.2 million for the six months ending June 30. This represents a change of fortune |
TECHBYTE
Switched off: Digital villages die
The government is wooing the private sector to invest in digital villages, the World Bank-backed project which has stalled. While the government insists ?nancing commitment by the World Bank has not e |
Brown winning black fans
Ijondari@ke.nationmedia.com s it a case of the age-old trick perfected by Kenyan leaders which they apply whenever confronted by the ambitious yout |
loans KPCU PRIME BUILDING FACES THE HAMMER
Kenya Planters' Co-operative Union has been put on two weeks' notice or else its flagship building, which serves as its headquarters in Nairobi, will be auctioned.
Wakulima House and adjacent build |
results EQUITY PRETAX PROFIT LIFTED BY INTEREST
Equity Bank announced a 46 per cent per cent growth in pre-tax profit for the first six months of 2010. The bank's pre-tax profit for the six months ending June 30 rose to Sh3.8 billion up from Sh2.6 |
succession MICHAEL JOSEPH'S LAST CALL AT SAFARICOM
Michael Joseph exit from Safaricom was confirmed and his successor named, ending months of speculation. The board announced on Thursday Mr Bob Collymore from South Africa's Vodacom will take over in N |
ENTREPRENEURSHIP
Countdown to zero nuclear weapons
from business and entrepreneurship, this week I want to focus on the pressing need for nuclear disarmament. The world has faced this challenge throughout my life, and the issue has become even more ur |
MANAGEMENT
Africa can produce global-beaters in business management
AFRICAN INSTITUTIONS often operate in dif?cult environments with fewer resources than their global counterparts. That's why African companies are considered among the most resilient and innovative as |
ADVERTISING | In-your-face marketing
|
Lifting of export ban on nuts probed
The parliamentary committee on agriculture is investigating the rationale behind the 90-day lifting of the ban on raw nuts exports. Committee chairman John Mututho said complaints had been receive |
EXPLORATION
Gas found in Isiolo too little for commercial exploitation
Kenya's dream of joining the ranks of fossil fuel producers have diminished after a prospective well returned not-so-promising results. The Boghal-1 well in block 9 yielded some gas |
Medical insurer set to expand services
A medical insurance provider is scheduled to expand its services in four new areas by the end of the year. New branches would be opened in Nakuru, Nyeri, Malindi and South Coast, said Mr Peter Ndua |
TECHNOLOGY
HP in plans to introduce wireless
printers.
|
Switch from analogue TV could leave some in the dark
As the world gets set to aban don analogue TV technology, locally, questions about whether we are ready for the big switch to digital terrestrial television technology are cropping up.< |
Rwanda seeks partnerships in real estate
The Rwanda Development Board (RDB) has entered into a partnership with Sadiki East Africa to promote the forthcoming East Africa Real Estate Fair-Kigali Edition. Ms Rosemary Mbabazi, chief investm |
Wheat import duty cut may create yawning gap
The likely global wheat prices rally on depressed harvest by leading producers has complicated the raging debate on the government's decision to lower duty on imported produce. During his 2010/2011 |
Your ATM and its safety when visiting abroad
Of all the ways to access your money while traveling abroad, ATMs are the easiest and most cost-e?cient. Whether you need dollars, euros, shekels, pesos or pounds, making a withdrawal from an ATM is g |
Kenya to import 160,000 tonnes of crude
Kenya will import 160,000 metric tonnes of Murban crude oil for processing by the Mombasa based re?nery to meet the country's fuel needs. The Ministry of Energy awarded Addax Petroleum and Gulf Ene |
Lesson for companies from the World Cup
suffer from an affliction. Having spent the better part of my life studying management and organisations, I am unable to switch that part of my brain o?. Even when I am enjoying myself on holiday, I ? |
RICHARD KEMOLI
A top-notch executive who is juggling five board seats
C orporate executive Richard Kemoli has so far side-stepped board room wrangles sweeping through a number of companies listed at the Nairobi Stock Exchange this year. Bo |
PROPERTY
Land price spike based on better access
T hree weeks ago, I was invited to address a professionals' forum on the expected impact of the use of funds allocated for development of infrastructure on the growth of property |
