How About a US-EAC Trade Pact?
US President Barrack Obama has proposed a US and East Africa trade pact. The Trade and Investment partneship between US and the 5 East African Community member states (Kenya, Tanzania, Uganda, Rwanda and Burundi) will seek to enhance fair and equitable treatment of investors. Michael Froman, Obama’s Deputy National…
Consumer Federation to Sue Mobile Phone Operators
The Consumer Federation of Kenya (Cofek) is planning to take mobile operators to court in a bid to stop them from switching off counterfeit handsets. Stephen Mutoro, the secretary-general of Cofek said that the procedure taken to deal with the counterfeit phones had omissions and that the consumer…
Sugar Deficit Soon to be a Thing of the Past
The Kenya Sugar Board has made well its intentions to revive the decade long stalled Busia Sugar Factory in Busia County. The sugar board has pre-qualified three companies who have applied for construction of the long awaited factory. Upon completion, the sugar factory is expected…
What You’ll Be Discussing with a Bank CEO
Have a one on one online chat with Martin Oduor, CEO, Kenya Commercial Bank at 10:00 AM, today, 19 July. He will be discussing about Small and Medium sized Enterprises (SMEs) then later join Frank Ireri, CEO, Housing Finance, at…
Wi-Fi Internet From Posta
The Postal Corporation of Kenya (PCK) is seeking to implement installation of wireless internet in all the post offices across the country. The service, which will first be launched in Nairobi before spreading out to the other parts of the country will see consumers post-pay or…
8 Things You Should Know This Morning
A couple of things you are waking up to this morning: 1. I&M Bank buys into Rwandan lender Nation 2. M-PESA enhancing,not replacing banks Think-Mpesa 3. CIC market value rises by 57 pc Business Daily 4. Nation’ sacco obtains arrest warrants on loan…
Independent Oil Marketers Cry Foul Over High Wholesale Prices
Independent oil marketers have raised concerns that wholesalers are supplying fuel to them at high prices despite the Energy Regulatory Commission announcing a price reduction last Saturday. This is threatening to create a shortage of fuel especially in regions serviced by independent fuel dealers countrywide,…
Housing Finance Posts Profit in 2nd Quarter
Housing Finance has reported a net profit of KES 250.3 million in the second quarter of the period ending June 30th. The 3.5% growth from the previous years’ same period results where the company posted KES 41.8 million is the slowest growth since 2008 when the mortgage lender’s half-year net profit…
Nairobi Ranked 8th Most Popular Destination in Africa and Middle East
Nairobi has been named one of the most popular destination cities in Africa, standing in the 8th position among the top 10 international visitors to the Middle East and Africa. This was revealed in the 2012 MasterCard Global Destination Cities Index. The Index, now in…
8 Things you should know this Morning
Here is a couple of things you are waking up to 1. The implementation of the new rates at which mobile operators pay each other for calls originating from rival network has run into hurdles after operators emerged with fresh demands, sending the government back to the drawing board.
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