Capital Business: Ecobank Kenya names new MD
Kassi has worked for Ecobank for almost two decades and has previously held a similar position in Cote d’Ivoire and Senegal/COURTESYNAIROBI, Kenya, May 24 – Ecobank Group has announced the appointment of Ehouman Kassi as the new Managing Director for its Kenyan subsidiary Ecobank Kenya...
Capital Business: HF in low-cost housing plan with counties
Housing Finance Managing Director Frank Ireri said the company has rolled out an ambitious plan to develop substantial number of affordable housing units in counties/FILENAIROBI, Kenya, May 24 – Housing Finance wants to partner with county governments to deliver houses that will target middle...
Capital Business: Kenya, South Sudan move to fast-track LAPSSET project
President Uhuru Kenyatta waves to the public at Juba airport on his arrival for official vist to South Sudan/PPSJUBA, South Sudan, May 24 – President Uhuru Kenyatta and his South Sudan counterpart Salva Kiir have agreed to fast-track the implementation of the Lamu Port and Lamu Southern Sudan...
Capital Business: South Africa exchange rate unchanged amid high inflation
South African Reserve Bank Governor Gill Marcus speaks in Pretoria on February 11, 2012/AFP
JOHANNESBURG, May 23 – The South African Reserve Bank held interest rates unchanged Thursday in the face of high inflation, while warning of major risks to already mediocre growth.
A downbeat Reserve...
Capital Business: Equity makes Visa cash transfers easier
Equity Bank launched the new money transfer service dubbed Visa Personal Payments in partnership with Visa Kenya/FILENAIROBI, Kenya, May 23 – Equity Bank customers will now be able to transfer funds through their Visa cards without the recipients of the money being charged unlike in other...
Capital Business: Kenyan economy grew by 4.6pc in 2012
Cabinet Secretary for Devolution and Planning Anne Waiguru who presided over the launch says the marginal improvement was driven by notable growth in agriculture, wholesale and retail trade, transport and communication/FILENAIROBI, Kenya, May 23 – Kenya’s economy grew by 4.6 percent in...
Capital Business: Kenya to host Open Governance Partnership forum
Permanent Secretary at the Ministry Bitange Ndemo said the conference is aimed at providing a platform to develop a framework to guide African countries’ participation in the global OGP/FILENAIROBI, Kenya, May 23 – The Ministry of Information, Communication and Technology and the Kenya...
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: 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: 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: 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: 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: 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: 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: 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: 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...
