Capital Business: Mobile technology will save firms trillions- report
The report dubbed ‘Connected Worker’ shows that new mobile solutions will help workers connect to fresh job opportunities, improved working conditions and secure of delivery of wages using mobile money transfer services/FILENAIROBI, Kenya, May 22 – Vodafone has launched a report...
Capital Business: LTE infrastructure to reduce costs of date
NAIROBI, Kenya May 22 – MTN Business says a consortium set up for the deployment of Long Term Evolution (LTE) infrastructure in the country will reduce data costs significantly.
MTN Business Kenya Managing Director Tom Omariba says that maintenance cost of the network will come down as one...
Capital Business: KQ to start direct Abu Dhabi flights
KQ will fly to the city on Mondays, Wednesdays and Fridays departing Jomo Kenyatta International Airport in Nairobi at 1925 hours and arriving in Abu Dhabi at 0105/FILENAIROBI, Kenya, May 22 – Kenya Airways (KQ) has announced the commencement of direct flights to Abu Dhabi, the capital city...
Capital Business: EU leaders look to energy for growth boost
EU as represented by country flags/FILE
BRUSSELS, May 22 – EU leaders, desperate to give growth a boost, target energy policy Wednesday amid concerns a US-led revolution in shale oil and gas development will reshape the global economy and leave Europe far behind.
Stuck in the doldrums, Europe...
Capital Business: Venezuela moves to relieve toilet paper shortage
A ship unloading at the port of La Guaira, outside Caracas/AFP
CARACAS, May 22 – Venezuela’s National Assembly on Tuesday approved a $79 million credit to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state.
The South American OPEC...
Capital Business: Why I chose not to get employed
Bichachi started Dia Consult two years ago, which is involved in online public relations and advertising for various individual and companies/MIKE KARIUKINAIROBI, Kenya, May 22 – “For me employment was never an option after I cleared campus. I have never applied for a job and I hope I will...
Capital Business: Liberian farmers take on Indonesian palm oil giant
A palm oil plantation/FILE
Liberia, Jan 22 – Liberian farmers who survived a 15-year civil war are now fighting lucrative property deals with Indonesian and Malaysian palm oil companies that threaten the land they live on, if not their sacred burial sites.
Thirty hours by car from the capital...
Capital Business: Mobile operators seek revenue share with Google
NAIROBI, Kenya, May 21 – Orange Kenya has asked Google to share revenues acquired from traffic which runs on providers networks in order to enhance partnerships.
Speaking during a panel discussion on digital ecosystem evolution in Nairobi, Mickael Ghossein said that revenue share between...
Capital Business: County ICT infrastructure tops Matiang’i agenda
ICT Cabinet Secretary Fred Matiang’i said the ministry is willing to offer support to the county governments, to establish the required infrastructure in counties/FILENAIROBI, Kenya, May 21 – The Ministry of Information and Communication Technology will work with county governments to...
Capital Business: Chinese PM vows to open up markets to India
China’s Prime Minister, Li Keqiang (R) and Indian Prime Minister Manmohan Singh in New Delhi on May 20, 2013/AFPNEW DELHI, May 21 – Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two...
Capital Business: Microsoft readies new Xbox as entertainment hub
Microsoft headquarters/FILE
SAN FRANCISCO, May 21 – Microsoft offers a glimpse Tuesday at a new-generation Xbox as videogame consoles evolve into home entertainment centers and adapt to competition from smartphones and tablets.
A tented stage has been set up at the technology giant’s...
Capital Business: Marks & Spencer logs falling annual profits
Mark and Spencer outlet/FILE
LONDON, May 21 – British high street retailer Marks & Spencer said Tuesday that annual net profits fell nine percent amid “challenging” trading conditions.
Earnings after taxation declined to £466.7 million ($712 million, 552 million euros) in the...
Capital Business: Business aviation still waiting recovery to find its wings
A propellor of a plane/FILE
GENEVA, May 21 – Manufacturers of business jets can look forward to climbing sales in the years to come thanks to emerging markets as they gather in Switzerland for an annual air show, having survived the turbulence of the global financial crisis.
But “we...
Capital Business: Which way for Kenya’s oil sector?
The talks seek to inform policy making and the creation of institutional structures needed for effective management of the emerging petroleum upstream sector/FILENAIROBI, Kenya, May 21 – The National Oil Corporation of Kenya has kicked off a series of stakeholder talks on the future of oil...
Capital Business: Yahoo! to buy blog-maker Tumblr for $1.1bn
NEW YORK, May 20 – The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $1.1 billion, the Wall Street Journal reported on Sunday.
Yahoo! did not immediately return AFP’s calls for confirmation, but CEO Marissa Mayer has scheduled a news...
Capital Business: NBK Q1 profit rises 12.5pc to Sh368.2mn
The bank’s net profit rose to Sh368.2 million in 2013. Photo/FILE
NAIROBI, Kenya, May 20 – The National Bank of Kenya (NBK) has announced an increase in after-tax profit of 12.5 percent during the first quarter ended March 31, 2013.
The bank’s net profit rose to Sh368.2 million...
Capital Business: Banks seek direction on unclaimed assets
Kenya Bankers Association CEO Habil Olaka. Photo. FILE
NAIROBI, Kenya, May 20 – Local banks have called on the Unclaimed Assets Authority to move with speed and guide the institutions how to hand over the unclaimed assets they hold.
Kenya Bankers Association CEO Habil Olaka says the authority...
Capital Business: Danone moves to satisfy Chinese taste for dairy food
Numico production line … it all grew out of a milk formula/AFP
PARIS, May 20 – French food industry group Danone announced on Monday tie-ups in China with the aim of establishing a strong position amid growing demand for dairy products in the vast Chinese market.
Danone, a world leader in the...
Capital Business: Goldman Sachs to invest in Japan green energy
Solar power panels are seen outside a plant in Kyoto/AFP
TOKYO, May 20 – US investment banking giant Goldman Sachs said Monday it will start investing in Japanese renewable energy projects, with a reported $2.9 billion outlay over the next five years.
The injection comes after Japan’s...
Capital Business: New ID system for Kenya airports access
The Jomo Kenyatta International Airport is the region’s biggest air transport hub. Photo/FILE
NAIROBI, Kenya May 20 – The Kenya Airports Authority (KAA) has launched a new identity management security system to control access at all airports across the country.
KAA Managing Director...
