Latest News from The Standard
Standard Business: Economy loses its salt under raging floods
22 May 2012 - Maurice Otieno, a fish farmer in Kakola, Nyando District is yet to come to terms with the damage inflicted on him by the raging floods.
 
Standard Business: Shilling hits 4-month low against dollar
22 May 2012 - The Kenyan shilling weakened against the dollar on Monday to hit a four-month low, dragged down by importer orders for the greenback, while stocks extended gains into a second week.
 
Standard Business: Local insurer signs partnership deal with South African firm
21 May 2012 - Multilateral insurer, African Trade Insurance Agency (ATI) has entered into partnership with Export Credit Insurance Corporation (ECIC) of South Africa to help promote trade and reduce business risks and costs of doing business in Africa.
 
Standard Business: Cash-strapped banks turn to shareholders for funds
21 May 2012 - It is survival for the fittest in the banking industry, as major players rush to secure cheaper capital and seek ways to tap into new markets to boost revenues.
 
Standard Business: Consumer body, FKE censure regulator’s new petrol pricing
19 May 2012 - This week, the Energy Regulatory Commission increased retail prices for super petrol and kerosene against the expectations of many.
 
Standard Business: Enact Special Economic Zones Bill, says investor
19 May 2012 - Tatu City Investors are calling on the Government to speed up a Bill on special economic zone to promote business development.
 
Standard Business: Protect textile industry from collapse, says union
19 May 2012 - Stakeholders in the struggling textile industry have called for government intervention to save it from total collapse.
 
Standard Business: Africa plan for $1 trillion trade bloc on track
19 May 2012 - Plans to create a 26-nation free trade area by integrating three existing African trade blocs by July 2014 are on track and the only major sticking point is likely to be harmonising rules of origin, the three blocs said on Friday.
 
Standard Business: Employers demand end to price controls on petroleum
19 May 2012 - Federation of Kenya Employers (FKE) has petitioned the Government to put an end to control of petrol prices.
 
Standard Business: Food crisis tops Economic Council agenda
19 May 2012 - The National Economic and Social Council (NESC) met Friday to find solutions to severe high food prices as well as ways of dealing with calamities of climate change such as floods, drought and extreme weather conditions.
 
Standard Business: Muthoka retires as KCB board chairman
19 May 2012 - The board chairman of Kenya Commercial Bank Group Peter Muthoka has stepped down after retiring as a director of the bank.
 
Standard Business: Kenyan Minister unveils anti-fake seed
18 May 2012 - A new body to crack on fake seeds business that has led to poor crop yield over the past few years has been formed.
 
Standard Business: Kenya embarks on financial management evaluation
18 May 2012 - The Government has embarked on a process to assess its capacity to manage public resources through its own institutions.
 
Standard Business: Kenyas Economic dip worries NESC
18 May 2012 - The National Economic and Social Council (NESC) met Friday to find solutions to severe high food prices as well as ways of dealing with calamities of climate change such as floods and drought.
 
Standard Business: US envoy calls for more reforms to boost trade
18 May 2012 - US is calling on Kenya and other members of the East African Community to show commitment in reforms that will improve business climate in the region.
 
Standard Business: State embarks on financial management evaluation
18 May 2012 - The Government has embarked on a process to assess its capacity to manage public resources through its own institutions.
 
Standard Business: Minister unveils anti-fake seed
18 May 2012 - A new body to crack on fake seeds business that has led to poor crop yield over the past few years has been formed.
 
Standard Business: Cabinet minister's son commits suicide
17 May 2012 - A 26-year-old man who apparently killed himself in Nairobi's Runda estate has been identified as the son of Cabinet minister Njeru Githae.
 
Standard Business: Editors oppose Uhuru accreditation
17 May 2012 - Editors of leading media houses have expressed strong opposition to calls that journalist must be accredited to cover the official launch of Uhuru Kenyatta's new party on Sunday.
 
Standard Business: Growth in real estate sector slows
17 May 2012 - Growth in real estate sector slackened last year despite huge loan advancements from banks to one of the most resilient segments of the economy.
 
Standard Business: Kenya Re adopts new image to boost brand position
17 May 2012 - Kenya Reinsurance Corporation (Kenya Re) has unveiled a new corporate identity as it continues to adjust to the emerging business opportunities including those in the oil and gas sector.
 
Standard Business: Imports bill hits Sh1.3 trillion as exports stagger
17 May 2012 - The value of imports grew to more than Sh1 trillion last year, widening balance of trade with exports amounting to only Sh500 billion.
 
Standard Business: Civil society question huge allocation to spy agency
16 May 2012 - Security concerns ahead of the General Elections and unemployment among the youth dominated presentations to the Parliamentary Budget Committee on its first day of sitting.
 
Standard Business: SA firm opens office in Kenya
16 May 2012 - One of South Africa’s largest independent real estate companies, Pam Golding Properties, has opened up a shop in Kenya.
 
Standard Business: Puma Energy plots mandatory takeover of KenolKobil
16 May 2012 - Puma Energy, the Swiss firm bidding for a majority stake in KenolKobil, has expressed interest to buy all the stocks held by minority shareholders in the Kenyan oil marketing company, which would mean a 100 per cent takeover.
 
Standard Business: Citadel: Capital main constraint for Africa investment
16 May 2012 - Raising capital is the biggest constraint facing private equity firms seeking to invest in potential projects in sub-Saharan Africa, the chairman of Egyptian private equity firm Citadel Capital said.
 
Standard Business: Manufacturing sector’s sluggish performance
16 May 2012 - The country’s manufacturing sector slowed down to a 3.3 per cent growth last year, compared to a revised growth of 4.5 per cent in 2010.
 
Standard Business: Economic data out amid low optimism
16 May 2012 - The Government will, today, announce economic performance data amid renewed wave of political shocks on an economy already hit hard by rising fuel prices.
 
Standard Business: Investment bank licences downgraded
16 May 2012 - A change in the capital markets regulatory regime saw eight firms that had been trading as investment bankers downgrade their licences to operating as stock brokerage firms.
 
Standard Business: Treasury signs Sh50 billion loan
16 May 2012 - The Government has finally signed a loan agreement amounting to Sh50 billion ($600 million) with a consortium of international banks.
 
Standard Business: Kenyans to pay more on Petrol, Kerosene
16 May 2012 - Kenyans will dig deeper into their pockets for petrol and kerosene following an upward revision of retail prices by the Energy Regulatory Commission.
 
Standard Business: Britain revises down travel advisory to Kenya
16 May 2012 - Britain has revised its travel advisory to Kenya and now limits travel by its citizens to within 60 kilometres of Kenya-Somalia border. The review relaxes a travel warning issued in October last year, which cautioned British citizens against travelling within 150km from the Somali boarder.
 
Standard Business: Government petitioned to review pension laws
16 May 2012 - A weak legal pension framework is a danger to the ageing Kenyan population, a leading provider of retirement savings and employee benefit solutions has said.
 
Standard Business: Manufacturing sector’s sluggish performance
16 May 2012 - The country’s manufacturing sector slowed down to a 3.3 per cent growth last year, compared to a revised growth of 4.5 per cent in 2010.
 
Standard Business: Puma Energy plots mandatory takeover of KenolKobil
16 May 2012 - Puma Energy, the Swiss firm bidding for a majority stake in KenolKobil, has expressed interest to buy all the stocks held by minority shareholders in the Kenyan oil marketing company, which would mean a 100 per cent takeover.
 
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