Capital Business

  • Capital Business: Home Afrika fires Nganga amidst losses NAIROBI, Kenya, Sep 2 - Listed real estate firm Home Afrika has fired its Chief Executive Njoroge Nganga amidst losses in the first half of 2015. The firm’s Board Chairman Lee Karuri says the directors have terminated his contract without giving details why. The board has appointed Dan Awendo as...
  • Capital Business: Samsung launches Galaxy S6 edge+ in Kenya NAIROBI, Kenya, Sep 1- Samsung Electronics has introduced the Samsung Galaxy S6 edge+ into the Kenyan market, a few months after launch of Samsung Galaxy S6 and Galaxy S6 edge. The new Smartphone replicates the curved design of the Galaxy S6 edge but with more features including a 5.7 inch screen...
  • Capital Business: 8 FAQs: Health insurance guide for expectant parents #InsuranceKenya One of our goals at insureafrika is to provide you with as much information as you need to help you make insurance decisions. One area in insurance that attracts many questions is maternal health. You see, once you are married, getting a baby cannot be considered an insurable risk because it is...
  • Capital Business: Digital migration: The changing media sphere Kenya has moved from analogue to digital media, changing the media landscape drastically. Numerous adjustments are now being made in terms of advertisements and content development.   Kenya loves its freedom- the access to information that media provides and the freedom of expression that the...
  • Capital Business: Government demands restructuring of KQ ahead of bailout NAIROBI, Kenya, Sep 1 - Treasury Cabinet Secretary Henry Rotich says they have demanded major changes in the Kenya Airways’ management before they airline is given the Sh60 billion bailout monies it requires after posting a Sh25 billion loss. Rotich said they were also consulting other shareholders...
  • Capital Business: Equity Bank appoints Bhartesh Shah new COO NAIROBI, Kenya, Sep 1 - Equity Group Holdings has appointed Bhartesh Shah as the Chief Operations Officer (COO). Shah has been serving at Equity Bank as the Group Director of Operations. He replaces the outgoing COO, Julius Kipng’etich, who has made a move from the bank, to take up the position of...
  • Capital Business: Attributes of a frontier thinker I was reading an article about being a frontier thinker. According to this article, new frontier thinking is the ability to look at a cow and not only see meat but also the milk, because while dealing with a cow from a meat perspective, you will eat that meat only once, but if you dare […] This got...
  • Capital Business: Capital FM website ranks top in Twitter mentions NAIROBI, Kenya, Sep 1 - The Capital FM website has been ranked the best digital publication brand on Twitter with the highest mentions, a new report from iStats indicates. According to the report, the number of conversations generated by the Capital FM website is double that of its closest rival....
  • Capital Business: Kidero gives rate defaulters 90 percent waiver NAIROBI, Kenya, Sep 1 - The Nairobi County Government has now given rate defaulters a 90 percent waiver for a period of one month in a bid to encourage them to pay up. Speaking during a press conference at City Hall on Tuesday morning, Governor Evans Kidero pointed out that the county government is...
  • Capital Business: Samsung unveils new smartwatch to challenge Apple Watch Samsung unveiled its latest smartwatch on Tuesday as the South Korean tech giant seeks to challenge Apple’s global domination in the fast-growing wearable device market. The round-faced Gear S2 is fitted with a 1.2-inch (30 millimetre) circular screen and allows for mobile payment and remote...
  • Capital Business: Barclays to allow non-customers make cash deposit via ATMs NAIROBI, Kenya, Sept 1-Barclays Bank has enhanced the capability of its ATMs to allow real-time cash deposits into its accounts by non-customers and customers. The service is an upgrade of the real time cash deposit system the bank launched in November 2013. By allowing non-customers to make cash...
  • Capital Business: UAP counts losses as Uchumi issues profit warning for 2015 NAIROBI, Kenya, Sep 1 - UAP Holdings has posted a Sh449 million net loss in its 2015 half year results compared to Sh53.8 million net profit recorded over the same period in 2014. The loss was mainly attributed to the weakening of regional currencies against the United States dollar and reduced...
  • Capital Business: Airtel names new Enterprise and Wholesale Business Director NAIROBI, Kenya, Sept 1 - Airtel, a leading telecommunications provider in Kenya has announced the appointment of Bernard Muteti to the position of Enterprise and Wholesale Business Director effective September 1, 2015. Until his appointment, Muteti has been the General Manager in charge of Airtel’s...
  • Capital Business: KATO to create 4 county tour operator hubs NAIROBI, Kenya, Aug 31 - The Kenya Association of Tour Operation (KATO) has plans to create four major tour operation hubs in the country. Speaking during the Kenya Tourism Federation (KTF) single tourist visa awareness programme in Kisumu, KATO Chief Executive Fred Kaigua says that the hubs will...
  • Capital Business: Why hosting WTO is such a big deal for Kenya NAIROBI, Kenya, Aug 31 - A few months after the Global Entrepreneur Summit (GES) in June, Kenya is once again expected to host another major event; the 10th World Trade Organisation (WTO) Ministerial Conference. The government has assured that all is set for the conference which is expected to take...
  • Capital Business: Overall inflation in August drops to 5.84 percent NAIROBI, Kenya, Aug 31 - The rate of inflation in Kenya has dropped in the month of August to 5.84 percent when compared to 6.62 percent in July. According to Kenya National Bureau of Statistics (KNBS), the food and non-alcoholic drinks’ index, for instance, decreased by 0.26 percent between July...
  • Capital Business: Standard Group posts 90pc H1 profit drop to Sh21mn NAIROBI, Kenya, Aug 31 - The Standard Group has posted a 90 percent drop in its 2015 half year pre-tax profit to Sh21 million down from Sh205 million registered over same period last year. The management has faulted the digital migration for the decline. The media group’s revenue dropped by 7...
  • Capital Business: The most important trait for an innovator: Bright Simons #TheScoop Bright Simons is a technology innovator, development activist and social entrepreneur. Simons believes innovation has the power to transform Africa. He is President of the mPedigree Network, a system that empowers consumers to instantly verify with a free text message whether their medicines are...
  • Capital Business: Expert predicts tough times for listed companies NAIROBI, Kenya, Aug 28 - Economic experts are anticipating tough times for listed companies as well as shares and bonds for the reminder of the year owing to the United States increasing its interest rates that has seen foreign investors invest back in their markets, shying away from emerging...
  • Capital Business: Standard Group issues profit warning for 2015 FY NAIROBI, Kenya, Aug 28 - The Standard Group has issued a profit warning for full year ending December 2015. “The Board of Directors anticipate that the financial results for the year ending 31 December 2015 will be materially affected by adverse market conditions experienced during the year...
  • Capital Business: Africa uneasy as China turmoil threatens investment boom JOHANNESBURG, Aug 28- When Chinese company Shanghai Zendai bought 1,600 hectares (4,000 acres) of land outside Johannesburg in 2013, it promised to build the “New York of Africa.” The sleepy district of Modderfontein would be transformed into a $7.8 billion metropolis with a forest of skyscrapers,...
  • Capital Business: Britam posts 77pc drop in 2015 H1 net profit to Sh624mn NAIROBI, Kenya, Aug 28 - British American Investments (Britam) has posted a 77 percent decline in its first half net profit to Sh624 million compared to Sh2.7 billion recorded over the same period last year, attributable to a bearish performance of the securities market. The firm says the...
  • Capital Business: Asia markets rally after strong US growth figures SHANGHAI, Aug 28- Asia stocks extended their rally on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China’s gloomy economic outlook. Tokyo led the gains, with Shanghai and several other markets in tow, and oil prices...
  • Capital Business: MP Midiwo’s bid to cap bank interest rates flops again NAIROBI, Kenya, Aug 27 - A fresh attempt by Deputy Minority Leader Jakoyo Midiwo to cap bank interest rates flopped after the Budget and Appropriations Committee opposed it saying it was unconstitutional. The committee chairman Mutava Musyimi said the proposed amendments to the Finance Bill went...
  • Capital Business: Express Kenya, Home Afrika make H1 losses in 2015 NAIROBI, Kenya, Aug 27 - Logistics firm Express Kenya is anticipating to make a loss in its 2015 first half period ended June 30, 2015. The management attributes the loss to the economic downturn that has negatively affected the transport sector. “The board of Express Kenya would like to inform the...

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