Virgin Atlantic to Suspend Nairobi-London Route
A Virgin Atlantic Airbus A340 landing (Photo: Airplane Pictures) Virgin Atlantic has today announced it will withdraw operations between Nairobi and London on 24th September 2012. Increasing costs and a challenging economic environment during the past five years in both Kenya and Europe have contributed to…
Shutting Down Counterfeits Could Take Longer, CCK Says
Assorted Mobile Phones (Photo: brickhousesecurity.com) The Communications Commission of Kenya (CCK) says it will only go on with its plans to shut down counterfeit phones after the public has been fully informed about the exercise. CCK had named August as the date of carrying out the exercise. The communications…
KCB Lowers its Lending Rates
Customers at KCB-Kencom Branch banking Hall in Nairobi. (Picture: Business Daily) Kenya Commercial Bank (KCB) group has announced that it will be lowering its base rates by close to 3 percentage points beginning June 1st. The lender will drop its average lending rate which has been at 25% to…
Have You Tried Group Buying?
The idea of group buying is not a new thing in business circles as many businessmen have been doing group buying on overseas purchases. However, the concept is still new and few people are learning how to take advantage of this useful platform. The idea for home goods group buying…
Small Banks Come to Borrowers' Rescue
In the wake of all financial difficult times in the country, it has emerged that groups have been befitting their own for survival, literally. A recent survey by The Central Bank of Kenya (CBK) reveals that small banks have been lowering their lending rates for the three months in…
Kenya Power Makes Fresh Application to Revise Tariffs
Kenya Power has made a fresh application to the Energy Regulatory Commission (ERC) in its bid to adjust its tariffs upwards. An earlier proposal which was drawn and was expected to take effect in July has been withdrawn. The tariff sought to increase…
Move to Digital TV Signal Postponed, Again
The plan to move from analogue TV to digital broadcasting has been postponed again until 2013 by the Communications Commission of Kenya (CCK). Francis Wangusi, Director General CCK commented that digital transmission would not be possible for now, and again not all Kenyans would be able to…
Super Petrol Goes up Again
The energy industry regulator Energy Regulatory Commission (ERC) has announced new fuel prices for the month. The regulator gives new monthly rates that govern the pump prices for the next month. The new prices are not any good news for motorists as Super petrol has gown up.
Great Future for Mobile Money
The future and development of mobile money in Kenya is taking a greater and fast turn than it was expected. Over a short period of time, mobile money transfer has become the most popular mode of payment and transfer of cash in the country. In a recent global survey done…
Deacons to List Shares on the NSE
Merchandise in a Deacons store (Photo: easoko.com) Mega East African fashion retailer Deacons Kenya Limited is set to list its shares on the Nairobi Securities Exchange in July. The lifestyle brand is just waiting from approval from markets regulator Capital…
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