8 Things You Should Know This Morning
Happy New Month! Here is couple of things you are waking up to this first day of August: 1. Inflation dropped to a 17-month low in July, setting the stage for a further reduction in interest rates to the benefit of consumers and businesses.- Business Daily 2. Kenya…
A Breakdown of the NIC Rights Issue
Companies use rights issues to raise more capital for reasons such as strategic expansions, to pay off debts or to buy out other companies. To raise the additional capital, a company invites existing shareholders to buy a specific number of new company shares at a discount.
Recover Lost Data From Your Smartphone
East Africa Data Handlers have developed a program that will enable high-end phone users recover lost data due system failures, formatting, power surges, accidentally deleted files, corrupted data and viruses. Previously after a Blackberry wipe process, RIM recovery has been impossible but EADH are…
Nokia's Regional Office Returns to East Africa
Nokia is reinstating Nairobi as East Africa’s regional headquarters just months after downgrading the operation to a sales, distribution and customer service centre. The company, which has a 60% market share in Kenya in terms of Smartphone distribution, had moved its East African regional head office to Johannesburg…
Interruption of Water Supply
Nairobi Water Company has issued a public notice, on their facebook page, that there will be an interruption of water supply due to shut-down at the Kabete Water Treatment Plant. The aim of the shutdown is to relocate the water pipes around Museum…
KPA Seeks Tenders for Lamu Port Upgrade
The Kenya Ports Authority (KPA) is seeking bids for the design and construction of three water gateways in the Lamu port. The project, which will cost USD 5.3 billion, is part of a bigger venture which will include the construction of a railway, a pipeline, an airport, a…
Jua Kali Sector Covered by APA
Over eight million members in the Jua Kali sector stand to benefit from APA’s new insurance cover. “Heshima Mpango Poa” will provide cash benefits to members after a the death of a family member. APA’s chief executive Simon Clayton says that the product is tailor made precisely for consumers who are discouraged…
8 Things You Should Know This Morning
This is what you are waking up to this Tuesday morning 1. Githae to pick new CMA chief from a list of three– Business Daily 2. How Infomercials exploit psychology to hack your brain – Farnamstreet 3. Why you should buy a home before the…
Banking Sector Grows in 2nd Quarter 2012
The Kenyan Banking Sector shown continued growth in the second quarter of 2012 compared to first quarter period that ended March 2012. According to a report released by the Central Bank of Kenya, the size of assets standing at KES 2.2 trillion compared to KES…
KMC Gets 10,000 Acres to Boost Production
The Kenya Meat Commission (KMC) has teamed up with the East Africa Portland Cement Company (EAPCC) in a merger that will see them receive 10,000 acres of land from the cement producer. The land, which was being held as an asset base in Athi River for EAPCC, will…
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