Kenya Power Open Day – Nandi Edition
Kenya Power invites you to attend its County Circuit, Nandi edition, to be held at Nandi Municipal Council Grounds, along Sosian River on Friday 10th August, 2012 from 8am to 5pm. The open day gives the general public an opportunity to engage Kenya Power staff in…
Orange Launches Wi-fi Modem
Orange Kenya has unveiled another high speed modem dubbed Domino. The Domino is a plug and play device with Wi-Fi transmission functionality. It can support up to five users within a radius of 20 metres and it runs on Orange’s 3G network. The modem is targeted to SMEs,…
Stocks Watch
Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange: British American Tobacco – Shares in the cigarette maker closed yesterday at their highest price in at least five years according to data from Bloomberg. They closed at…
Kenya is Africa's Third Largest Beer Market
A Deutsch Bank Market research has listed Kenya as Africa’s third largest beer consumer, with its market share at 17 per cent of the continent’s.
8 Things You Should Know This Morning
1. MPs demand to know where fuel levy is The government was on Wednesday morning put to task over fluctuations in fuel levy collections despite a steady rise in the cost of living. The matter came up in Parliament when Roads Assistant Minister Wilfred Machage told Parliament that the amount…
Closing Bell – 8 August 2012
INDICES The NSE 20 Share Index today dropped by 0.34 points to settle at 3,815.10 points from 3,815.44 points yesterday while the All Share Index gained 0.22 percent to 83.64 points from 83.46 points yesterday. HIGHEST VOLUMES Equity Bank…
Because Moving House is Too Mainstream
A lecturer at the Kisumu Polytechnic has put together a movable house.The house is a single-storied construction, built with prefabricated steel and wooden fringes in the interior. Speaking to the press, Samson Alemba, who put it together with the help of other lecturers in the institution and Arc…
Nation Media Businesses Post Financial Growth
The majority of Nation Media Group’s business divisions have posted financial growth in the six months to June this year as noted in the media conglomerate’s half-year financial results announced during an investor briefing held this afternoon. Nation’s official unaudited statements show that the…
World Bank Gives KES 16.8 Billion to Eliminate Blackouts
Kenya Power Company has secured a KES 16.8 billion (USD 200 million) loan deal from the World Bank‘s International Finance Corporation (IFC) to invest in its grid. The Power company will use the loan to implement 42 power projects which will involve…
New Meat Market To Offer Competitive Prices
The Kenya Livestock Marketing Council (KLMC) intends to construct a goat and cattle market for pastoralists in East Pokot. According to the Council, the new market will give livestock farmers in the region a chance to sell their cattle for better prices. Pastoralists in East Pokot have been…
Nairobi City Council Extends Waiver Period
As tweeted by K24 TV, the deadline for City Council of Nairobi Operation Clamp down for rates defaulters set to end today, August 8, 2012 has been extended for another ten days. We were though unable to get in touch with City…
No Compensation for Displaced Slum-Dwellers
The government will not reimburse Kenyans displaced by the upgrade of the railway line that passes between Mukuru and Kibera slums. According to the Ministry of Transport, slum-dwellers and businesses operating along the railway will not receive any compensation aside from their resettlement. This comes shortly after investors…
D-Day For Land Rates Defaulters
Today is August 8th 2012, the deadline for Operation Clampdown and hundreds of land rates defaulters are currently queuing at the county hall in an attempt to beat today’s deadline. Defaulters on property rates had earlier been given a 100% waiver and advised by the City Council of Nairobi to clear…
Scangroup Half-Year Earnings Grow as Share Trades High
Africa’s leading marketing services group has posted an 11 percent growth in pre-tax profit for the first six months of this year to 578.4 million shillings up from 520.9 million shillings last year as the group’s shares trade in their highest range since 2010. According…
New Money Transfer Platform to Join the Market Soon
In addition to M-Pesa, Airtel Money, Orange Money and Yu Cash, Barclays Bank of Kenya (BBK) will at the end of this month launch a new mobile banking platform. As posted in the Business Daily, the new platform seeks to compete with money transfer services operated…
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