Star Business: KenolKobil in fight to retain BP,Castrol market 28 May 2013 - KenolKobil insists it holds the sole distributorship of Castrol and BP lubricants in Kenya and East africa. It said this after the British company advertised for the slot last week. KenolKobil company said it was surprised by BP's action to advertise for distributors...
Star Business: Government steps up fight against cyber crimes 28 May 2013 - THE government is developing a new plan to counter cyber crime to secure digital transactions and content and encourage investments in internet infrastructure, Permanent Secretary Bitange Ndemo has said. Speaking during the national cyber security forum held yesterday...
Star Business: Coop Bank in supports of micro-lenders 28 May 2013 - COOPERATIVE Bank CEO Gideon Muriuki has said micro-finance institutions are key components of the financial sector because they guarantee easy access to credit. He however challenged the institutions to ensure the cost of accessing credit is made more affordable....
Star Business: Electricity connections not stalled - Minister 28 May 2013 - CONNECTIONS for new electricity customers have not been stopped, Cabinet Secretary Davis Chirchir has said. Speaking yesterday at KenGen offices in Nairobi, Chirchir said that contrary to a Business Daily report published yesterday, new customers are still being...
Star Business: Bamburi trades heavily as NSSF seeks board seat 28 May 2013 - The Nairobi All Share retreated for the 3rd consecutive session, eased 0.504% to close at 126.25. The Nairobi All Share rallied 35.916% since the start of the year through Wednesday 22nd of May. The Closing Level on Wednesday was a record all time high. The Nairobi...
Star Business: Retail sector seen as a key economic driver 27 May 2013 - The wholesale and retail sector is showing great promise as a key economic driver after recording good performance last year, the 2013 Economic Survey shows. It is now the second biggest contributor to the Gross Domestic Product growth accounting for 15.2 per cent of...
Star Business: Nokia introduces mail for exchange on Asha smartphones 27 May 2013 - Nokia Asha users can now send and receive office e-mails from the comfort of their mobile phones. This follows the introduction of the mail for exchange app in the Nokia Store. The new app, which is compatible with the Nokia Asha 311, 310, 309 and 308, allows users to...
Star Business: Minister disbands JKIA expansion team 27 May 2013 - The Cabinet Secretary for Transport and Infrastructure Michael Kamau has sent home members of a committee that had been appointed to oversee the expansion of Jomo Kenyatta International Airport at a cost of Sh56 billion. The committee had been appointed last year by...
Star Business: National Bank of Kenya sheds troubled image, plans rights issue 27 May 2013 - National Bank of Kenya has re-branded as part of a new strategy to shed old under-performing image that has dogged it for years.The bank on Friday unveiled a new brand image and announced a five year growth plan meant to push it to be among the top tier banks. Often...
Star Business: EAC set to adopt the harmonised edible oil standard 27 May 2013 - THE East African Community states have agreed to harmonise standards used in the manufacture of edible oils. Until recently, what one bought in Uganda to prepare their popular matoke meal and what was used in Tanzania to fry fish might have looked the same from the...
Star Business: Africa At 50 Years: A Rising Tide 27 May 2013 - I have been wishing I were a fly on the wall at the AU headquarters in Addis. Big set piece events are all about reading the body language. And I would have love to have been in John Kerry's mind as the secretary of state entered the AU building, a building that was...
Star Business: ERC to carry out national audit of petroleum dealers 24 May 2013 - The Energy Regulatory Commission will embark on a spot-check of all independent fuel dealers to ensure they meet safety and other industry requirements. The commission' director of petroleum Linus Gitonga said outlets that fail to meet the set requirements will be...
Star Business: Government targets 6 per cent GDP growth in 2013 24 May 2013 - Kenya’s economy expanded by 4.6 per cent in last year helped by growth in key sectors despite a turbulent global economy, delayed long rains and a weaker shilling in early 2012. The government is however targeting a six per cent GDP growth this year, an ambitious...
Star Business: Kandie spells out plans to boost tourism sector 24 May 2013 - SETTING up of parastatal boards, infrastructure upgrade on tourism routes and implementation of a national tourism strategy are top the list for the new Cabinet Secretary in charge of the tourism industry. Speaking during a welcome cocktail hosted by tourism industry...
Star Business: Kenya ranked second in conference tourism 24 May 2013 - NAIVASHA has made a debut in global conference tourism destination rankings as Nairobi rose four places to position 100 according to the latest International Congress and Convention Association 2012 report. Kenya was ranked second best conference and meetings...
Star Business: StanChart hopes to resolve Sh14bn pension case 24 May 2013 - Standard Chartered Bank is eagerly awaiting the determination of a court case in which its former employees sued it demanding up to Sh14.6 billion in unpaid pension. The bank's acting chairperson, Anne Mutahi told the annual general meeting it is counting on the new...
Star Business: Over 660,000 new jobs added in 2012 24 May 2013 - THE economy created close to 660,000 new jobs last year in both the formal and informal sectors, the 2013 Economic Survey says. Out of these, only 68, 000 new jobs were created in the formal sector of the economy an indication that the informal sector remains the...
Star Business: Visa and Equity sign new money deal 24 May 2013 - Visa in partnership with Equity Bank yesterday launched a new money transfer service dubbed Visa Personal service. It enables Visa card holders to transfer money to other Visa card holders anywhere in the world. Equity Bank chief operating officer Julius Kimngetich...
Star Business: Kenya's current account deficit widens further 24 May 2013 - Kenya’s imports value is growing at a faster rate than its exports, worsening her balance of trade. The Economic Survey 2013 shows the worth of imports increased to Sh1.37 trillion in 2012, slightly higher than Sh1.30 trillion in 2011. Trade balance deteriorated...
Star Business: Eurozone crisis and election jitters drove down 2012 tourism arrivals 24 May 2013 - THE hotels and restaurants sector's growth slowed down last year expanding only by 2.6 per cent compared to 4.9 per cent in 2011 due to lower tourism numbers and earnings, the latest government data shows. According to the Economic Survey 2013 released yesterday that...
