Capital Business

  • Capital Business: Crude costs, weak shilling push fuel prices up NAIROBI, Kenya May 14 - The Energy Regulatory Commission (ERC) has announced an overall increase in the price of fuel across the country for the month of May. The ERC announced that the price of super petrol will increase by Sh3.54 a litre across the country for the next month, while diesel will be...
  • Capital Business: Terror, theft major security risk for firms NAIROBI, Kenya, May 14 - A new survey by a private security company, Warrior Insight in collaboration with Research Solutions Africa indicates that majority of Kenyan companies at 90 percent see terror related risks and theft of assets as their major security threat. The research also identifies...
  • Capital Business: What’s your propensity to risk? #AskKirubi Are you the kind of a person who ventures into something because it’s popular or are you the one who takes time to analyze information and calculate the amount you are willing to risk? You need to determine the level of risk you content with. It makes no sense jumping into the deep end yet […] You...
  • Capital Business: REA Vipingo buyout offer extended for two weeks NAIROBI, Kenya, May 14 - Shareholders of REA Vipingo Plantations Limited have now until May 27, 2015 to accept the offer by REA Trading Limited to acquire the stake that they hold. This follows approval of an extension of the offer period by the Capital Markets Authority. Initially, the offer to...
  • Capital Business: KPC says it’s not to blame for fuel shortage NAIROBI, Kenya, May 14 - Kenya Pipeline Company (KPC) has distanced itself from the ongoing fuel shortage in the country saying it’s not to blame. In a statement the KPC acting Managing Director Flora Okoth says the company has enough stocks in their systems in Nairobi and other parts of the...
  • Capital Business: Safaricom completes its countrywide network upgrade NAROK, Kenya, May 14 - Safaricom has completed upgrading its network countrywide which was aimed at improving the company’s services. The upgrade, which cost Sh10 billion, will see better user experience for Safaricom’s subscribers which include faster internet, better voice quality, improved...
  • Capital Business: To Mortgage or Pay Cash? #PropertyInsights If you can afford it, paying cash for your house is an excellent option. Imagine not having to live with a mortgage payment hanging over your head. But then again, not all of us are accorded this luxury, hence why the mortgage option is available for consideration. While mortgaging does have its...
  • Capital Business: Importers taking caution over weakening shilling NAIROBI, Kenya, May 13 - Hedging against foreign currency exposure is increasingly becoming important amongst local importers due to the continued weakening shilling against the US dollar. Some locals firms are making long financial contracts for importation of up to six months contracts to avoid...
  • Capital Business: EABL sale of glass subsidiary valued at Sh4.5bn NAIROBI, Kenya, May 13 - East African Breweries Limited (EABL) has announced the value of the sale of one its subsidiaries, Central Glass Industries Limited (CGIL), to South Africa’s Consol Glass Proprietary at Sh4.5 billion. The sale also includes a Framework Supply Agreement which will ensure...
  • Capital Business: Microsoft unveils three additional smartphones in Kenya Microsoft mobile division has announced a new range of Lumia phones comprising Lumia 640, Lumia 640XL and the most affordable device, the Lumia 430 Dual SIM. The new Lumia devices were launched under the banner of a new consumer campaign dubbed #AchieveMore, which seeks to inspire users to increase...
  • Capital Business: 7 factors land owners should consider in a Joint Venture Agreement Land is the most fundamental building block of any real estate development. However, there is a fragmentation which exists in the market between landowners ‘LO’ and those with development expertise and finances. Ironically, many LO’s tend not to have the next two essentials of development: finances...
  • Capital Business: Nissan annual profit soars to $4.2 bn on weak yen, new models Nissan on Wednesday said its fiscal-year net profit soared a better-than-expected 17.6 percent to $4.2 billion, crediting a weak yen and new model rollouts for buoyant results that drove past its own earlier forecasts. However, the news was overshadowed by the carmaker’s announcement that it had...
  • Capital Business: Kenya Airways resumes Liberia flights NAIROBI, Kenya, May 13 - Kenya Airways, which started operations between Accra and Monrovia in March this year will now sell transit traffic through Nairobi to its entire network. This is after the Kenyan Ministry of Health lifted the suspension initiated in August 2014, for persons who had visited...
  • Capital Business: Senate Democrats block Obama on free-trade initiative Washington, May 13 - US Senate Democrats dealt a stinging setback to Barack Obama, blocking a measure that would have given their own president a free hand to swiftly finalize a massive Pacific Rim trade accord. Republicans backed Obama’s bid for the trade authority, but many Democrats felt...
  • Capital Business: CBK says it is monitoring the shilling NAIROBI, Kenya, May 12 – The Central Bank of Kenya (CBK) on Tuesday downplayed concerns over a weakening shilling, saying it had enough reserves to shield the currency against major turbulence. CBK Deputy Governor Haron Sirima attributed the current levels to panic and speculation in the market, as...
  • Capital Business: Regulator shuts down 10 rogue petrol stations NAIROBI, Kenya, May 12- The Energy Regulatory Commission (ERC) has blacklisted and closed 10 fuel stations in the country for engaging in the sale of adulterated petroleum or fuel on transit. Three stations are from Nairobi, two from Meru, one in Kisumu, Vihiga, Laikipia, Kiambu and another one in...
  • Capital Business: Multichoice in ‘Offer of the Century’ for HD decoders NAIROBI, Kenya, May 12 – MultiChoice Kenya has introduced an offer for DStv HD decoders with prices slashed to Sh2,499 from Sh4,800 The three-month offer will only apply to new subscribers and not those who want to upgrade their decoders. MultiChoice Kenya Communications Manager Philip Wahome said...
  • Capital Business: Botswana’s Choppies Supermarket to enter Kenya in 2015 NAIROBI, Kenya, May 12 - Choppies Supermarket, a Botswana retail chain, is set to enter the Kenyan market by end of 2015. The retail chain intends to enter the market through acquisitions when expanding as its management has hinted at the possibility of an acquisition in order to establish a...
  • Capital Business: 8 misplaced myths budding entrepreneurs need to burst There are a lot of misconceptions about entrepreneurship that most people, looking from the outside, think are generally true about business. In my entrepreneurship journey, there are eight myths I have come across which I have learned in the time I have been in business. Myth #1: Entrepreneurs don...
  • Capital Business: Greece invited to join BRICS bank: govt source Greece has been invited to become a member of the development bank of the BRICS economies, including Russia and China, which is seeking to become a counterweight to the IMF, a government source said Monday. The invitation came during a telephone conversation between Greek Prime Minister Alexis...
  • Capital Business: Emirates offers free tourists visa to UAE NAIROBI, Kenya, Nov 11 - Emirates is offering Kenyan customers a free UAE visa when booking a ticket to Dubai. The offer, which is valid from November 10 until November 20, 2014 and for travel between November 10 and December 10, 2014, is available across First Class, Business Class and Economy...
  • Capital Business: Iran’s nuclear chief in Moscow over power plants deal MOSCOU, November 11- The head of Iran’s nuclear programme Ali Akbar Salehi will meet Russian energy officials Tuesday as the two countries prepare to sign a deal for two additional nuclear power plants, Russia’s Rosatom said. A meeting between state nuclear agency Rosatom and the head of the Atomic...
  • Capital Business: Alibaba says Singles Day shoppers spend $2 bn in first hour SHANGHAI, November 11- Alibaba said a record $2 billion of goods were sold in the first hour of its Singles Day shopping bonanza in China Tuesday, maintaining the day’s dominance as the world’s biggest retail event as it went global for the first time. The e-commerce giant said that amount was more...

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