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: 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: 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: 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: 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.
