Capital Business: KTB launches mobile app
KTB Managing Director Muriithi Ndegwa said the App is targeting over 3 billion mobile users in the world/CFMNAIROBI, Kenya, Jun 10 – The Kenya Tourism Board (KTB) has unveiled its first mobile application – The Magical Kenya App.
The mobile app is aimed at boosting visits to the country...
Capital Business: Kenya must invest heavily in industrialisation
NAIROBI Kenya, Jun 10 – “It’s very frustrating to see the youth using drugs and engaging in dissolute activities because they are not employed. My vision is to play my small role in helping the government in dealing with the high rates of unemployment in the country,” says...
Capital Business: One-third of Americans own tablets: survey
Unlike smartphones, most popular with younger adults ages 18-34, the highest rates of tablet ownership was found among adults in their late 30s and early 40s/FILEWASHINGTON, Jun 10 – More than one-third of Americans use a tablet computer, with the highest percentage of users in the 35-44 age...
Capital Business: Great Wall of trouble for Chinese farmer
Chinese men at an island/FILE
JIAYUGUAN, Jun 10 – At the farthest end of the Great Wall, Yang Yongfu limps along the section he arduously restored, in effect “privatising” it and putting himself on a collision course with the authorities.
The farmer spent five million yuan ($800,...
Capital Business: Smartphone life shakes up website world
Companies that staked claims with websites visited by people using desktop or laptop computers risk obsolescence if they don’t adapt to Internet users switching to apps on smartphones or tablets/FILESAN FRANCISCO, Jun 10 – Internet giants from Google and Facebook to Yahoo and Zynga are...
Capital Business: Nonprofit news outlets face challenges
Pew Research Center’s Project for Excellence in Journalism identified 172 “active non-profit news sites”/AFP
WASHINGTON, Jun 10 – Nonprofit news organizations have been making an impact in the US market but face financial challenges similar to those of their commercial...
Capital Business: Eurozone crisis is over: France’s Hollande
“You must understand that the crisis in the eurozone is over,” Hollande/FILETOKYO, Jun 9 – The crippling debt crisis that has ravaged Europe for years is finished, France’s President Francois Hollande has declared, despite high unemployment and lingering recession on the...
Capital Business: Brazil’s orange growers face hard times
High production costs have orange growers in Brazil, the world’s top orange juice exporter, bracing for a tough citrus season, despite last season’s record harvest and high juice prices/AFP
RIO DE JANEIRO, June 2013 – High production costs have orange growers in Brazil, the world...
Capital Business: KQ spreads wings to Livingstone Zambia
NAIROBI, Kenya, Jun 7- Kenya Airways (KQ) has launched a new route to Livingstone, Zambia, its third to the Southern African nation and the airline’s 60th destination.
Kenya Airways already flies to Zambia’s capital, Lusaka and the city of Ndola.
The city of Livingstone joins the airline’s network...
Capital Business: Samsung shares plunge on negative S4 report
Samsung Galaxy S4/AFP
SEOUL, June 2013 – Samsung Electronics shares plunged more than six percent Friday, the biggest single-day drop in nine months, after analysts at JP Morgan forecast slower sales of its new flagship smartphone.
Shares in the world’s largest smartphone maker closed...
Capital Business: Haco launches ‘Black Silk’ for Afro hair
At the launch on Friday, company chairman Dr Chris Kirubi said the product is the first locally manufactured premium hair care product to hit the East African market/FELIX MAGARA
NAIROBI, Kenya, Jun 7 – Haco Tiger Brands has officially added Black Silk to their range of hair care products...
Capital Business: NBK shareholders approve Sh10bn Rights Issue
The shareholders also backed the bank’s plans to set up regional subsidiaries at the 44 Annual General Meeting held in Nairobi/CFMNAIROBI, Kenya, Jun 7 – National Bank of Kenya (NBK) shareholders on Friday endorsed the bank’s ambitious transformation program and approved plans to raise...
Capital Business: Turkey tourism takes a hit but visitors shrug off unrest
“There was tear gas everywhere. It was quite an adventure,” said one visitor from Iceland/AFP
ISTANBUL, June 2013 – Hotel reservations may be down after a week of violent mass protests in Turkey, but plucky tourists on the ground have taken the unrest in their stride.
“There...
Capital Business: Airbus A350 to make maiden flight next week
French aerospace giant Airbus’s new long-haul carrier, the A350, should make its maiden flight at the end of next week unless bad weather or unexpected problems crop up/AFP
TOULOUSE, June 2013 – French aerospace giant Airbus’s new long-haul carrier, the A350, should make its...
Capital Business: Developers seek idle government land
Ark consultant’s Director Reginald Okumu says close to 70 percent of land in the country belongs to the government with religious and non-governmental institutions holding close to 15 percent/FILENAIROBI, Kenya, Jun 6 – Property developers in the country have urged the government to...
Capital Business: Oil exploration law under review
The ministry’s Petroleum Energy Commissioner Martin Heya says the current law is outdated and does not effectively address industry as a whole especially the gas exploration sector/FILENAIROBI, Kenya, Jun 6 – The Ministry of Energy and Petroleum has embarked on conducting a...
Capital Business: US weekly jobless claims fall
Job seekers line up to meet with a recruiter during a job fair/AFP
WASHINGTON, June 2013 – New claims for US unemployment insurance benefits fell last week but remained in the same range of recent months as the jobs market slowly improves, official data released Thursday showed.
Initial...
Capital Business: Japan PM tells AFP Abenomics is ‘the only way’
Shinzo Abe answers a question during an interview with AFP in Tokyo on June 6, 2013/AFPTOKYO, Jun 6 – Japanese Prime Minister Shinzo Abe said Thursday his economic policies are “the only way” to rein in Japan’s huge public debts and spur growth in the world’s third-...
Capital Business: UAP enters Tanzania market
The company will now be operating as UAP Century Insurance Company Limited/FILENAIROBI, Kenya, Jun 6 – UAP Group, through its wholly owned subsidiary UAP Africa Limited, has acquired a 60 percent stake in Century Insurance Company Limited, a general insurance company operating in Tanzania...
Capital Business: HELB undergoing massive changes – chief
Charles Ringera went to HELB in March 2013 as the CEO and board Secretary. He replaced Benjamin Cheboi who resigned late last year to pursue politics/CFMNAIROBI, Kenya, Jun 5 – With over 20 years experience in the banking sector, the new Higher Education Loans Board Chief Executive Officer...
