Nation Business
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Nation Business: Forex Market Indicative Rates for Major Currencies (Opening of Markets) on May 29, 2013
29 May 2013 - Currency Buy Sell Mean US DOLLAR 85.1861 85.3861 85.2861 STG POUND 127.9282 128.2336 128.0810 EURO 109.4445 109.7050 109.5750 SA RAND 8.6642 8.6979 8.6811 -
Nation Business: State to connect all counties with internet
28 May 2013 - The government has embarked on a plan to roll out a terrestrial cable network across all the counties -
Nation Business: StanChart after tax profit drops by 21pc
28 May 2013 - Standard Chartered Bank has registered a 21 per cent drop in profits after tax due to increased non-performing loans and change in valuation on the government securities -
Nation Business: Apollo seeks to benefit from county system
28 May 2013 - Apollo Group is establishing liaison offices at the counties to cash in on the devolved government -
Nation Business: Nationwide power outage disrupts business
28 May 2013 - A nationwide blackout disrupted business Tuesday after the national interconnected grid and generating system tripped. -
Nation Business: Sh74 billion needed to bridge Kenya’s yawning digital divide
28 May 2013 - Kenya must spend at least Sh74 billion to supply telecommunication services to the marginalised parts of the country -
Nation Business: Forex Market Indicative Rates for Major Currencies (Opening of Markets) on May 28, 2013
28 May 2013 - Currency Buy Sell Mean US DOLLAR 84.8861 85.0806 84.9833 STG POUND 128.2010 128.5205 128.3610 EURO 109.6695 109.9161 109.7930 SA RAND 8.7983 8.8193 8.8088 -
Nation Business: Power connection fee goes up
27 May 2013 - Kenya Power Monday defied government directive freezing tariff review by announcing a new formula for charging customers seeking new connections. -
Nation Business: Kenolkobil insists it’s sole Castrol distributor
27 May 2013 - Oil marketer, KenolKobil yesterday set up another round of corporate battle by laying claim to the exclusive distributorship of Castrol brands and BP lubricants. -
Nation Business: National Bank eyes regional expansion
27 May 2013 - The National Bank of Kenya will begin expanding to the region next year following rebranding last week and a proposed rights issue to be carried out in the first quarter 2014. -
Nation Business: Companies told to find ways to generate cheaper power
27 May 2013 - The government has ordered power utility firms to reduce wastage and provide cheaper power. -
Nation Business: Bourse posts slight drop in profit
27 May 2013 - The Nairobi Securities Exchange has reported a slight decline in net profit for the 2012 financial year despite an increase in revenues -
Nation Business: KenolKobil to sell assets to pay debts
27 May 2013 - KenolKobil plans to sell some of its assets as it embarks on a turnaround plan after suffering a net loss Sh6.2 billion last year -
Nation Business: Forex Market Indicative Rates for Major Currencies (Opening of Markets) on May 27, 2013
27 May 2013 - Currency Buy Sell Mean US DOLLAR 84.3344 84.5178 84.4261 STG POUND 127.5048 127.7956 127.6500 EURO 108.9842 109.2372 109.1110 SA RAND 8.7609 8.7877 8.7743 -
Nation Business: Kenya stares at Sh180bn cash shortfall from foreign donors
27 May 2013 - Kenya has only received a quarter of the funds it expected from donors in the 2012/13 financial year to help fix a growing budget deficit -
Nation Business: Automation of records at KNH stalls due to lack of funds
27 May 2013 - The automation of patients’ records meant to ease service delivery at the Kenyatta National Hospital has stalled with only 10 per cent of the work done -
Nation Business: Bank to open branches in all counties
27 May 2013 - Equatorial Commercial Bank is set on an expansion drive that would see it establish a branch network in all 47 counties -
Nation Business: Poll jitters see firm’s profit dip by 73pc
27 May 2013 - Car and General has become the latest firm to feel the pinch of the pre-election period which has impacted negatively on the company’s performance for their first half of the year -
Nation Business: Why Kenya Meat needs to be privatised
25 May 2013 - The Kenya Meat Commission is facing a fresh financial crisis barely eight years after its rebirth -
Nation Business: Court cases may delay bypass road
25 May 2013 - The completion of the Southern bypass could take longer after environmentalists filed a case in court to block the construction of a section of the road through the Nairobi National Park