Capital Business

  • Capital Business: Plenty of incentives for investors in manufacturing sector NAIROBI, Kenya, Aug 27 - To lure more investments into the country, especially local participants, the government has laid out plans to inject incentives into various sectors. This is in a bid to make venturing into those projects easier. According to Cabinet Secretary, Ministry of East African...
  • Capital Business: African cement giant in $4 bn deal with Chinese builder LAGOS, Aug 27- Nigeria’s Dangote Cement has announced a $4.34 billion deal with Chinese construction company Sinoma International Engineering to build plants across Africa. The project is expected to add 25 million tonnes of capacity across 11 African countries and Nepal, Dangote said in a...
  • Capital Business: Eurozone loans to private sector increase: ECB FRANKFURT, Aug 27- Growth of loans to the private sector in the euro area, a gauge of economic health, is picking up speed, suggesting the European Central Bank’s monetary policy is finally working, ECB data showed Thursday. After long months of contraction, the volume of loans to private...
  • Capital Business: Young hopefuls in race to be first black African in space LAGOS, Aug 27- In half a century of space travel more than 500 people have glimpsed the Earth from the unique vantage point of the cosmos, yet no black African has been among them. Now a Nigerian and two South Africans are in a race to become the first after being shortlisted in a global talent...
  • Capital Business: China energy giants’ H1 profits fall on low oil prices SHANGHAI, Aug 27- Two of China’s biggest energy companies, Sinopec and CNOOC, saw their first half net profits slump as low international oil prices and a weak global economy hit the bottom line, they said. Refiner Sinopec’s net profit for the first six months slumped 22.3 percent to 24.43 billion...
  • Capital Business: Asian shares follow Wall St higher but China fears linger SHANGHAI, Aug 27- Stocks followed Wall Street higher on Thursday, with Shanghai surging after days of wild swings, but dealers cautioned that the spectre of the slowing Chinese economy meant more turbulence lay ahead. US shares snapped a six day losing streak on Wednesday after one of the most...
  • Capital Business: Vivo Energy Kenya inks business partnership with Simba Corp NAIROBI, Kenya, Aug 27 - Vivo Energy Kenya has sealed a mutual interest partnership with Simba Corporation. The deal, will see Vivo Energy Kenya, access tailor made vehicle leasing solutions from Simba Corporation. Alongside the partnership, Vivo Energy Kenya, has been retained by Simba Corp as the...
  • Capital Business: 10 Kenya sectors to invest in and specific projects NAIROBI, Kenya, Aug, 27 - Kenya has been repeatedly termed as a ‘hotbed’ of investment opportunities in defence to the outrageous branding of the country as a hotbed of terror by CNN back in July. This is true, not only because of its opportunities, but because of the ease of doing business when...
  • Capital Business: Accessorize Your Home #PropertyInsights Every now and then, you home needs a little this and that. Accessories are a great way to add character and a touch of your personality to your living space. There is a ton of ideas to get creative and play around with. You can find wonderful ideas with these great tips. Pillows and Throws […]...
  • Capital Business: YouTube Gaming launches as e-sports arena YouTube on Wednesday strode into an arena dominated by Amazon-owned Twitch, with the launch of a service tailored for the hot trend of video game play as a spectator sport. The rollout of YouTube Gaming marked the public debut of an online venue where video game lovers can find commentary, live...
  • Capital Business: Mobile phones can transform healthcare in Kenya In regions where basic access to health care is a challenge, mHealth can provide remarkable opportunities for transformational healthcare. Mobile phones and Mobile Money penetration are well established in the country making mHealth a potential game changer in the administration of health care. The...
  • Capital Business: Kenyans facing grim retirement – study NAIROBI, Kenya, Aug 26 - Only five percent of Kenyans are expected to be financially independent in retirement and even fewer will live comfortably, a new survey by Alexander Forbes has shown. The study dubbed Kenya’s first deposit administration survey shows over 40 percent of Kenyans will not...
  • Capital Business: Nervous markets ride roller-coaster after China rate cut SHANGHAI, Aug 26- European markets joined Asia on a roller-coaster session Wednesday, as China’s interest rate cut showed no sign of ending a crisis fuelled by fears over stalling growth in the world’s number two economy. Frazzled investors sent Europe’s top indexes falling by more than one percent...
  • Capital Business: Matatu routes now available on Google maps Commuters in Nairobi can now get around easily thanks to a team that has been working on mapping the city’s public transport system. The Digital Matatu team, consisting of a consortium of University of Nairobi’s C4DLab, Columbia University and MIT, has launched ‘The Official Nairobi Matatu Map’ in...
  • Capital Business: NIC Bank to launch banking via Whatsapp and Twitter NIC Bank Group has announced that it will be the first bank in Kenya to launch an innovative social media banking platform, dubbed “NIC KONNECT”. The platform will allow customers to use various social media platforms to securely access their banking services. This innovative mobile banking product...
  • Capital Business: Smartphone growth creating etiquette challenges   It’s OK to use your smartphone walking down the street or on public transportation. But not at a family dinner. And definitely not in church. Users of mobile devices are struggling to find the rules of the road for how and when to use the devices around others, but a survey out Wednesday shows...
  • Capital Business: Airtel named top Social Media brand in Kenya NAIROBI, Kenya, Aug 26 - Airtel Kenya has been recognised as the top Social Media Brand in Kenya by the Africa Brand Index, a listing of the most successful brands in Africa on social media, according to key metrics such as community growth, content engagement, sentiment and dozens of others. The...
  • Capital Business: How to keep your motor insurance premiums low Motor insurance is one of the costs that contribute a significant part to the overall operational costs of your car. These costs may be anywhere between 20 and 50 % of all maintenance costs a motorist incurs in a year, depending on the age of the car. Knowing what to do to keep these costs […] 1....
  • Capital Business: Kipngetich leaves Equity to head struggling Uchumi NAIROBI, Kenya Aug 26 - Uchumi Supermarkets has appointed Julius Kipngetich as the new Chief Executive Officer as the retail chain looks forward to restructuring with a view of improving services and general performance. Kipngetich has been the Chief Operating Officer at Equity Bank since 2012 and...
  • Capital Business: Shanghai shares end down 1.27pc despite rate cut SHANGHAI, Aug 26 - Shanghai stocks closed down 1.27 percent in volatile trading on Wednesday, extending days of falls despite a central bank interest rate cut aimed at boosting the flagging economy and slumping shares, dealers said. China’s benchmark Shanghai Composite Index fell 37.68 points to 2,...
  • Capital Business: Trade Mark EA appoints a new board NAIROBI, Kenya, Aug 25 - Trade Mark East Africa (TMEA) has announced the appointment of a new board of directors. The newly appointed members are from East Africa Community states to represent diversity and present a balance of representation. They include Tanzanian entrepreneur and philanthropist...
  • Capital Business: KQ cancels weekend flights to Juba due to runway closure NAIROBI, Kenya, Aug 25 - Kenya Airways (KQ) has cancelled its weekend flights to Juba, South Sudan, following closure of the international airport’s runway for repairs. Authorities in South Sudan announced closure of the runway every Saturday and Sunday from last week until April 30, 2016. This...
  • Capital Business: Imperial Bank issues Sh2bn corporate bond NAIROBI, Kenya, Aug 25 - Imperial Bank has issued a Sh2 billion corporate bond aimed at boosting the bank’s expansion strategy, reinforce its balance sheet and enhance capital adequacy ratios. Imperial Bank received approval for its bond from the Capital Markets Authority (CMA) on August 12,...
  • Capital Business: Committee to steer more Chinese investments in Kenya NAIROBI, Kenya, Aug 25 - Chinese Ambassador to Kenya Liu Xianfa says the embassy is seeking to form a committee to be led by the local private sector with the aim of helping Chinese investors to come and set up businesses in Kenya. Speaking when he paid a courtesy call on Industrialist Dr Chris...
  • Capital Business: Tracks for SGR to start being laid this year NAIROBI, Kenya, Aug 25 - The China Road and Bridge Corporation will begin laying the tracks for the Standard Gauge Railway (SGR) by the end of the year. The Manager for External Relations and Cooperation, the SGR project Julius Li says the plans are on course since clearing of the earth is almost...

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