Nation Business: Safaricom arm to build 300 houses
10 May 2013 - Safaricom Investment Cooperative (SIC) is to construct 300 housing units at a cost of Sh1 billion at Mlolongo in Machakos County
Nation Business: Nokia unveils new Asha series phone
10 May 2013 - Finnish phone manufacturer Nokia, in its fight to regain lost ground in the global mobile phone market, has unveiled a new handset in its mid-range Asha series
Nation Business: EABL to scale up sale of cheap brand
10 May 2013 - Beer manufacturer East African Breweries Ltd will open new distribution centres countrywide for its low cost beer brands as part of a move to eat into the illicit brew market
Nation Business: Relief for consumers as Kenya Power loses bid to raise tariffs
10 May 2013 - Kenya Power’s intention to increase electricity tariffs hit a dead end on Thursday following the government’s rejection of the proposal
Nation Business: StanChart’s branch to run without cashiers
10 May 2013 - A move to do away with bank cashiers took a first step on Thursday with the introduction of an unmanned digital branch by Standard Chartered Bank
Nation Business: One-time gains boost News Corp profit to $2.85 bn
09 May 2013 - News Corp said Wednesday profit in the past quarter tripled to $2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in cable TV and film operations
Nation Business: KCB gets 25pc rise in profit
08 May 2013 - Kenya Commercial Bank has recorded a 25 per cent increase in profits after tax for the first three months to March 31 supported by cheaper deposits and increase in foreign exchange income.
Nation Business: Brazilian elected WTO boss
08 May 2013 - President Dilma Rousseff has hailed the election of Brazilian Roberto Azevedo as new head of the World Trade Organisation, saying, it will help bring about a “more dynamic and just” world economic order.
Nation Business: Kenya ready to produce oil ‘now’
08 May 2013 - Kenya could start producing oil earlier than expected, with the company currently exploring oil saying it’s ready to start production “now” if the road network is improved.
Nation Business: Top-100 company award entries expand to counties
08 May 2013 - This year’s Top-100 mid-sized company’s awards will receive entries from all the 47 counties.
Nation Business: NMG and college to help small businesses learn from each other
08 May 2013 - The Nation Media Group and the Kenya Institute of Management will offer small and medium enterprises an opportunity to share their business models while learning from each other on the best practices
Nation Business: Firm sells health arm to meet new rule
08 May 2013 - Alexander Forbes has sold its Kenyan healthcare arm in a bid to comply with a directive by the insurance authority on individual ownership and risk-based supervision
Nation Business: Cost of electricity to come down in 2017, says Nyoike
08 May 2013 - Electricity cost is expected to come down from 2017 when the country will get power from Ethiopia
Nation Business: Central Bank cuts benchmark lending rate to spur growth
08 May 2013 - The benchmark lending rate has been reduced for the second time this year to support credit growth in the economy following a peaceful General Election
Nation Business: Sh12bn shot in the arm for Turkana wind power project
08 May 2013 - The Turkana wind power project has been given a new lease of life after African Development Bank approved $149.5 million (Sh12bn) funding, bringing to an end a seven-year battle with various authorities over its implementation
Nation Business: Galaxy S4 launch heightens local smartphone wars
08 May 2013 - The South Korean electronics firm, Samsung, launched the much-touted latest Galaxy S4 models in Kenya, heightening smartphone wars in the market
Nation Business: Branson open to total sale of Virgin Australia
08 May 2013 - Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline's branding is more important to him than ownership.
Nation Business: South African Airways fights to keep flag flying
07 May 2013 - South African Airlines is one of the continent's leading carriers, but financial battles and seemingly endless changes of leadership have put its future at risk
Nation Business: Equity Bank first quarter net profit up 21 per cent
06 May 2013 - Equity Bank’s net profit for the first quarter of 2013 rose 21 per cent to Sh3.2 billion from Sh2.6 billion the same period last year.
Nation Business: Equity plans holding firm to oversee regional businesses
06 May 2013 - Equity Bank plans to establish a holding company that will run its operations in East Africa. Pages