Capital Business

  • Capital Business: Uganda sugar deal imaginary, government insists NAIROBI, Kenya, Aug 20 - Acting Agriculture, Livestock and Fisheries CS Adan Mohammed says there is no trade agreement, neither was there any other deal that was signed during President Uhuru Kenyatta’s visit to Uganda earlier this month. “We note with concern that some misleading reports have...
  • Capital Business: No sweat! Madrid electric bicycle share system takes off They allow you to climb the steepest streets of Madrid without sweating, even on sultry summer days: more than 50,000 residents of the Spanish capital have signed up for a public electric bike share system. In the shadow of the San Ildefonso church in the heart of Madrid, Anne Stauder, a tourist...
  • Capital Business: It will take a year to know ‘dominant’ telco – Wangusi NAIROBI Kenya, Aug 20 - Communications Authority of Kenya (CA) Director General Francis Wangusi now says it will take close to one and a half years to determine who exactly is a dominant player in the telco market. This will be after the authority completes a study which will give guidance on how...
  • Capital Business: Uber triples growth in Nairobi after enabling cash payments   Uber has announced it will make the cash payment feature permanent for Nairobi residents after a successful two-month pilot brought a five-fold growth in sign-ups and referrals. Nairobi is only the second city to accept cash payments after the city of Hyderabad, India, in over 300 cities where...
  • Capital Business: Maralal Camel Derby perks up Samburu County NAIROBI, Kenya Aug 20 - Tourism was on a new high last weekend when Samburu County hosted the 26th edition of the Maralal Camel Derby. Hotels in Samburu County were in full capacity as both locals and international tourists swarmed to the location to witness the races. The Samburu County government...
  • Capital Business: Virtues that attract wealth #AskKirubi I cannot emphasize how strongly I feel about working hard and working smart. It is part of achieving success and any successful person will tell you. There is a saying that ‘you have to work hard to get rich enough not to have to work hard.’ Well I agree but I also insist that you […] There is a...
  • Capital Business: Organizing Your Closet #PropertyInsights We have all experienced that feeling when we need to use something but really cannot start to even remember where you last saw it. This leads you to getting a late start to your day and even makes you frustrated and spoiling your mood for the whole day. This need not be the case. Get […] Declutter...
  • Capital Business: Senate to probe KQ despite National Assembly outcry NAIROBI, Kenya, Aug 19 - The Senate Select Committee probing the financial and management problems at national carrier Kenya Airways says it will continue with its investigations despite attacks by the National Assembly. The committee chaired by Kisumu Senator Anyang’ Nyong’o said they are carrying...
  • Capital Business: Kenya Zhengzhou Week opens in Nairobi NAIROBI, Kenya Aug 19 - Kenya Zhengzhou Week, introducing the scenery and culture of Zhengzhou in China, was launched in the Kenyan capital Nairobi on Monday. Zhengzhou Week introduces the history and culture of Henan and Zhengzhou to the Kenyan people and showcases their local urban economic...
  • Capital Business: Alcohol manufacturers welcome rules on ethanol trading NAIROBI, Kenya, Aug 19 - Alcohol manufacturers have welcomed the move by Kenya Revenue Authority to tighten rules on ethanol trading in a bid to ensuring accountability of this key ingredient. Africa Spirits Limited Corporate Affairs Manager Anthony Kagiri says the guidelines are good for the...
  • Capital Business: Kenya hosts Japanese delegates at business seminar NAIROBI, Kenya, Aug 19 - Kenya is hosting a business seminar that saw over 70 business people from Japan meet with their Kenyan counterparts to network. It follows President Uhuru Kenyatta’s working dinner with Japan’s Prime Minister Shinzo Abe during the UN World Conference on Disaster Risk...
  • Capital Business: China injects nearly $100 bn into banks for economy lift China has injected nearly $100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country’s sluggish economy, state media reported. The central bank on Tuesday completed putting $48 billion into the China Development Bank...
  • Capital Business: Intel, ‘Survivor’ producers plan show on wearables US technology firm Intel, best known for its semiconductor chips, is jumping into reality TV with a competition pitting makers of wearables and smart connected consumer devices. For “America’s Greatest Makers,” due to premiere in early 2016 across the Turner Broadcasting entertainment platform,...
  • Capital Business: Hackers post data from affair dating site: report Hackers have released stolen information from some 32 million users of the affair website Ashley Madison, tech magazine Wired reported. The data dump Tuesday on what Wired described as the “dark web” included millions of payment transactions, email addresses and phone numbers of people who were...
  • Capital Business: Google gets in the WiFi router business Google unveiled a WiFi router looking to increase the ease and speed at which people’s increasingly indispensable smartphones and tablets connect at home with its services. The Internet giant touted OnHub, a partnership with TP-LINK networking product manufacturer, as a “different kind of router...
  • Capital Business: Syrians use Facebook to plan, document journey to Europe When Wael and his relatives from Syria climbed into an inflatable boat in the dead of night to cross the sea from Turkey to Greece, they abandoned all their belongings — except their smartphones. “Our phones and power banks are more important for our journey than anything, even more important than...
  • Capital Business: New start-ups want to become the ‘African Netflix’ A crop of new tech entrepreneurs from Africa and its diaspora are hoping to build a bridge between the continent’s growing middle class and booming film industry in a quest to become the “African Netflix”. On its own, the Nigerian cinema industry - known as Nollywood - generated 3.7 billion euros...
  • Capital Business: Real People Sh1.63bn bond starts trading at NSE NAIROBI, Kenya, Aug 18 - Real People’s Sh1.63 billion bond has started trading at the Nairobi bourse with the proceeds expected to boost the company’s lending capacity. The medium term note that was launched in early August 2015 targeting retail, high net worth individuals and institutions, saw...
  • Capital Business: Interesting Benefits of Third Party Auto Insurance #InsuranceKenya The third party cover is one of the most popular insurance covers for vehicles on Kenyan roads. Of course, this cover is very limited and does not protect the car owner from personal risks. It however takes care of third parties who suffer harm from accidents involving the car. One may be tempted...
  • Capital Business: KRA announces new ethanol purchase and importation rules Nairobi, Kenya, Aug 18 - The Kenya Revenue Authority (KRA) has announced a raft of new guidelines targeting local ethanol traders. The measures jointly outlined by the KRA Commissioner of Domestic Taxes, Alice Owuor and her Customs...
  • Capital Business: Dubai Bank clients to know fate of their monies Sep 1 NAIROBI, Kenya, Aug 18 - All depositors and creditors of the collapsed Dubai Bank will know the fate accessing their monies come September 1, 2015. This is according to the recently appointed receiver, Kenya Deposit Insurance Corporation (KDIC), which says it will have completed assessment of the...
  • Capital Business: Government injects Sh120M in leather facility for SMEs The Ministry of Industrialization and Enterprise Development (MoIED) has dedicated Sh120M for a common manufacturing facility for the Kariokor market leather products SME cluster. This facility is part of the Government’s efforts to support the leather industry. A Sh7B leather city in Machakos...
  • Capital Business: Kenya receives Sh3.2bn healthcare loan from Japan NAIROBI, Kenya, Aug 17 - Kenya on Monday signed a Sh3.2billion loan with Japan that will go into the healthcare sector. It was signed by Treasury Cabinet Secretary Henry Rotich and Japan’s Ambassador to Kenya, Tatsushi Terada. “The credit will provide general budget support specifically to the...
  • Capital Business: How a car insurance conman works #InsuranceKenya Conmen, in general are smooth operators who are able to talk you out of your money without any form of threat. Insurance is not spared from conmen. Insurance conmen are sophisticated, bright, and strategic in their approach. Insurance is a technical field. Not many people understand the inner...
  • Capital Business: LED lights could save up to 80 percent of your power bill LED (Light Emitting Diodes) are the latest and most exciting technological advancement in the lighting industry. LEDs are small, solid light bulbs and operate differently than traditional incandescent light bulbs. Durable Electricals Chief Executive Helen Njeri says countries like Nigeria and Dubai...

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