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: 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: 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: 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The ministry’s Petroleum Energy Commissioner Martin Heya says the current law is outdated and does not effectively address industry as a whole especially the gas exploration sector/FILENAIROBI, Kenya, Jun 6 – The Ministry of Energy and Petroleum has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: 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...
Capital Business: Centum sets unassailable heights with re-structuring
NAIROBI, Kenya, Jun 5 – Centum Investment Company has restructured its business to create new subsidiaries from existing business lines and create real tangible wealth at a rate that is above capital and money markets.
Speaking during an investors briefing in Nairobi on Wednesday, Centum...
Capital Business: Amazon launches online shopping site in India
Online retail giant Amazon launched a new Internet shopping site in India on Wednesday/AFP
NEW DELHI, June 2013 – Online retail giant Amazon launched a new Internet shopping site in India on Wednesday, stoking already fierce competition in the fast-expanding “e-tailing” market....
Capital Business: US panel backs Samsung, bans older Apple devices
Samsung won a round in its long-running patent battle with Apple on Tuesday when a US trade panel banned the import and sale of some older models of the iPhone and iPad/AFP
WASHINGTON, June 2013 - Samsung won a round in its long-running patent battle with Apple on Tuesday when a US trade panel...
Capital Business: Airtel launches Premier Club to reward customers
Airtel Premier Club members will experience personalised services such as credit facilities, the Zawadi rewards programme, an exclusive website, free SIM replacement and priority services/FILENAIROBI, Kenya, Jun 5 – Airtel Kenya has announced the launch of Airtel Premier Club, a new exclusive...
Capital Business: Toyota to recall 242,000 Prius, Lexus worldwide
Drivers of the two models, manufactured between March and October 2009, have complained they needed to step more heavily than previously on the brake pedal/XINHUA-FileTOKYO, Jun 5 – Toyota Motor will recall 242,000 Prius and Lexus hybrid cars globally because of a braking problem, the company...
Capital Business: China opens EU wine probe as trade dispute spreads
Man tasting wine/FILE
BEIJING, Jun 5 – Beijing has begun an anti-dumping probe into European wine, the commerce ministry said Wednesday after the EU imposed tariffs on solar panel imports from China, in a dramatic broadening of the trade dispute.
China is the EU’s second-largest trading...
Capital Business: Sh70mn cameras to hunt poachers in Tsavo
Kenya Wildlife Service Director, William Kiprono, said the award was a milestone in the protection of critically endangered species in large areas such as Tsavo which are more difficult to manage/FILENAIROBI Kenya, Jun 4 – The fight against rhino and elephant poachers in the Tsavo has...
Capital Business: KQ to start direct flights into Blantyre
Starting August 2, the airline will introduce three flights a week to Blantyre, Malawi’s second largest city that doubles up as its commercial hub/FILENAIROBI, Kenya, Jun 4 – National carrier Kenya Airways is set to commence direct flights to Blantyre, making it the airline’s...
Capital Business: Kenya can be food sufficient – industrialist
BIDCO Chief Executive Officer Vimal Shah said that Kenya has the capacity to be self sufficient in food production if proper measures are put in place/FILENAIROBI, Kenya, Jun 4 – The private sector has asked the government to create an enabling environment that will encourage more private...
Capital Business: Sh270mn to boost Kenya’s movie productions
Dubbed the Movie Village, the hub will help reduce the costs of producing movies in the country and consequently encourage Kenyans to embrace more locally produced content. Similar hubs will later be rolled out in the rest of the counties/FILENAIROBI, Kenya, Jun 4 – The government through the...
Capital Business: Google to power Finnish data centre with wind energy
Google said it had entered a ten-year deal with a Swedish wind farm developer to power a data centre in Finland/AFP
STOCKHOLM, June 2013 – Google said Tuesday it had entered a ten-year deal with a Swedish wind farm developer to power a data centre in Finland.
The US search giant said it would...
Capital Business: Uhuru secures Microsoft support for computers
NAIROBI, Kenya, Jun 4 – President Uhuru Kenyatta has secured support of Microsoft International in the implementation of the computer to schools programme.
In a meeting held at State House Nairobi, Microsoft Global President Jean-Philippe Courtois said his company will support the government...
Capital Business: South Africa’s Zuma urges dialogue after mine shooting
South African President Jacob Zuma/AFP
TOKYO, June 2013 – South African President Jacob Zuma called Tuesday for dialogue in his country’s troubled mining sector the day after a union leader was shot dead following a series of strikes.
The industry, which brings in around 60 percent of...
