Capital Business: Fuel prices likely to drop – experts
He said the international oil prices have also remained stable hence giving high hopes for a slight drop in March/FILENAIROBI, Kenya, Mar 13 – The Energy Regulatory Commission (ERC) is likely to review fuel pump prices downwards in its monthly review expected on Thursday.
Senior Investments...
Capital Business: E.ON back in black in 2012
Smoke rises from the chimneys of a heating power plant at Berlin’s Brandenburg Willy Brandt airport/AFPFRANKFURT, Mar 13 – E.ON, Germany’s biggest power supplier, said Wednesday it returned to profit in 2012, when it booked net profit of 2.217 billion euros ($2.9 billion) compared...
Capital Business: National Oil expands regional business
The firm noted that with the recent positive business developments in East and Central Africa, they are looking at tapping into the growing market for petroleum products in the region/FILENAIROBI, Kenya, Mar 13 – State-owned National Oil Corporation is expanding its reach in the lucrative...
Capital Business: Japan airlines hail Dreamliner battery fix approval
The interior of a dreamliner/FILETOKYO, Mar 13 – Japanese airlines on Wednesday hoped for a rapid resumption of Dreamliner operations after US authorities approved test flights using a prototype battery fix following a global safety scare.
The worldwide grounding of Dreamliners has thrown...
Capital Business: Kenyan farmers to get seedlings
At a cost of over Sh104 million, the Ministry will also distribute 1.5 million cassava cuttings and 2.4 million sweet potato vines/FILENAIROBI, Kenya, Mar 12 – The Ministry of Agriculture has released 517 metric tonnes of assorted drought resistant crops seeds to be distributed to farmers in...
Capital Business: CBK retains Kenya’s rate at 9.5pc
The exchange rate remained stable fluctuating within a narrower range of between Sh86.24 and Sh87.63 for the US Dollar in February 2013/FILENAIROBI, Kenya, Mar 12- The Central Bank of Kenya (CBK) has decided to retain its base lending rate at 9.50 percent in this month’s market review.
The CBK...
Capital Business: Business robust after poll – Githae
Finance Minister Njeru Githae assured the business community that the country is safe and secure following an election process that featured peaceful campaigns/FILENAIROBI, Kenya, Mar 11 – The Ministry of Finance is urging the business community to return to their regular work schedules in...
Capital Business: BA introduces additional NBO-LHR flight
The additional flight will operate from London at 20:20 on Sunday evenings and land at 04:55 the next morning while the return service will leave Nairobi at 22:45pm on Monday/FILENAIROBI, Kenya, Mar 11 – British Airways has announced an additional flight between Nairobi and London starting...
Capital Business: BoJ chief nominee rules out foreign-bond buying
Haruhiko Kuroda (R) speaks to Japanese lawmakers at the National Diet in Tokyo/AFPTOKYO, Mar 11 – Tokyo’s pick to head the Bank of Japan on Monday ruled out purchases of foreign bonds to stoke the economy, as the country faced criticism it was engineering a yen devaluation.
Some...
Capital Business: US companies keep more money offshore
Sixty big American companies had found that they had collectively parked a total of $166 billion offshore last year/FILEWASHINGTON, Mar 11 – US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes, The...
Capital Business: Delta CEO objects to air security rule change
Passengers will be able to carry knives with folding blades 2.36 inches (6 centimetres) or shorter, as well as sporting goods such as golf clubs, hockey clubs, and novelty-sized baseball bats/FILEWASHINGTON, Mar 9 – The top executive of a major US airline has voiced opposition to a change in...
Capital Business: Court dismisses Nokia patent claims against HTC
TAIPEI, Mar 9 – Taiwan’s top smartphone maker HTC said on Saturday a German court had dismissed two patent infringement complaints brought against the company by Finnish phone giant Nokia.
The District Court of Mannheim in southwest Germany dismissed the two complaints on Friday and...
Capital Business: China urges ‘transparency’ in US investment checks
US President Barack Obama and Chinese President Hu Jintao (R) head for a bilateral meeting/AFPBEIJING, Mar 8 – The United States should be more transparent on security checks on foreign investments, China said Friday, accusing “some legislators” in developed countries of...
Capital Business: China exports jump in February as economy recovers
Chinese women working in a factory/FILEBEIJING, Mar 8 – China’s exports surged more than 20 percent in February on-year despite the Lunar New Year holiday, data showed Friday, in another sign of recovery for the world’s second-largest economy.
The jump in exports helped China to...
Capital Business: Traders upbeat despite delayed poll outcome
“Instead of being home we’d rather be working as we wait for the final results,” DHL agent Lucy Savanna says. “Majority of the people who I’ve been talking to… who I see every other day as my customers, prefer peace.”/MIKE KARIUKINAIROBI, Kenya, Mar 7...
Capital Business: CfC Holdings profit rises 64pc to Sh4.58bn
CfC Stanbic Bank’s CEO Greg Brackenridge said that this year’s performance is testament to the value derived from having a full service bank/fileNAIROBI, Kenya, Mar 7 – CfC Stanbic Holdings Limited has recorded a pre-tax profit of Sh4.58 billion in 2012 compared to Sh2.79 billion...
Capital Business: Shilling remains stable despite poll angst
For the last two weeks, the shilling has unexpectedly remained strong within the 85/87 levels despite the heightened electoral activity/FILENAIROBI, Kenya, Mar 7 – The Kenya shilling will remain stable despite the poignant electoral mood in the country.
Director at Tax Justice Network Alvin...
Capital Business: Google Play celebrates first birthday
Google Play now boasts millions of e-books and songs along with more than 700,000 apps/CFMSAN FRANCISCO, Mar 7 – Google Play turned a year old on Wednesday and the Android-focused rival to Apple’s online iTunes shop celebrated with deals on books, games, music, movies and apps.
The...
Capital Business: Adidas says net profit down in 2012
German sportswear giant Adidas/AFPFRANKFURT, Mar 7 – German sportswear and equipment maker Adidas said Thursday that one-off writedowns hit its bottom line in 2012, but underlying profits increased due to higher sales.
Adidas said in a statement its year-end net profit declined by 14.2...
Capital Business: Let’s go back to business – KEPSA
He said it was also not good for people to stay idle as it would contribute to more anxiety and unnecessary tension/CFMNAIROBI, Kenya, March 6 -The Kenya Private Sector Alliance (KEPSA) has called on all Kenyans to fully get back to their usual activities of building the nation as the nation waits...
