Star Business

  • Star Business: Master Planned Communities Demystified
    14 Jan 2017 - Powered by Cytonn InvestmentsBasic economics inform us that human needs are unlimited, insatiable and one has to arrange the needs in order of preference deciding which one to fulfill first. Often there is an opportunity cost, that need that the individual will forego...
  • Star Business: Jumia launches 'Travel Wednesday' after successful 'Black Friday'
    20 Dec 2016 - Following the successful 2016 Black Friday campaign, Jumia Travel has launched a campaign dubbed “Travel Wednesday” running every Wednesday to Friday on the company’s official website.“This is designed to meet our customers’ demand to have access to affordable travel...
  • Star Business: Jumia launches 'Travel Wednesday' after successful 'Black Friday'
    20 Dec 2016 - Following the successful 2016 Black Friday campaign, Jumia Travel has launched a campaign dubbed “Travel Wednesday” running every Wednesday to Friday on the company’s official website.“This is designed to meet our customers’ demand to have access to affordable travel...
  • Star Business: Real Estate Does Well Despite Hard Economic Times
    01 Dec 2016 - Every individual wants to invest and earn high returns. Investing is risky and in many cases, individuals get lower than expected returns or even earn losses altogether. This has been true in Kenya particularly in the last few years where the combination of high...
  • Star Business: Magufuli's high tax demands on Foreign firms threaten mass exit
    29 Nov 2016 - Some of Tanzania's biggest foreign investors say they could scale back their operations or expansion plans because of tougher demands placed on companies, including higher tax bills, as part of the president's drive to overhaul the economy.At least six companies are...
  • Star Business: Jumia opens black Friday sales 2016
    24 Nov 2016 - Jumia Travel has kicked off its second season of Black Friday sales in the country with increased number of flash offers, discounted bargains and pocket-friendly packages.Estelle Verdier, the company Managing Director in a statement termed the customer response as, “...
  • Star Business: Equity bank, Jumia partner to offer online payment for shoppers
    23 Nov 2016 - Equity Bank has entered into a partnership with e-commerce retailer, Jumia, to offer their customers a seamless online payment option known as EazzyPay.In a statement, Equity Bank’s CEO, Dr. James Mwangi, said the bank is keen on supporting its customers who shop on...
  • Star Business: Co-operative Bank reports Sh10.54 billion net profit in nine months
    17 Nov 2016 - Co-operative Bank's net profit between January and September jumped 22.27 per cent on increased interest income, the lender announced Thursday morning. The net earnings rose to Sh10.54 billion from Sh8.62 billion, Kenya's second largest bank by market share reported...
  • Star Business: Fed worries aside, Trump presidency may bode well for dollar
    10 Nov 2016 - It took just over eight hours on Wednesday for currency markets to abandon the prevailing logic of the past month - that a Donald Trump presidency would be bad for the dollar against its major peers. As forecast by dozens of bank and fund strategists, the greenback...
  • Star Business: European shares fall at the open after Trump elected US president
    09 Nov 2016 - European shares fell at the open on Wednesday after Republican nominee and political outsider Donald Trump won the US presidential election, bringing uncertainty which roiled global markets. The STOXX Europe 600 fell 1.1 per cent, but well off earlier lows. Growth-...
  • Star Business: Kenya Airways, pilots union reach deal to retain CEO Mbuvi Ngunze
    05 Nov 2016 - Kenya Airways has decided to retain chief executive Mbuvi Ngunze following discussions with key stakeholders. New chairman Michael Joseph said this on Friday noting Ngunze has played the vital role of balancing the airline's books for five years. “I have discussed...
  • Star Business: Housing Finance half-year profit rises 27% to Sh612.6 million
    09 Aug 2016 - Housing Finance has reported a 27 per cent increase in profit after tax for the first half of 2016. Net profit increased to Sh612.6 million from Sh485.1 million in the same period last year. The mortgage lender attributed the growth to an increase in net interest...
  • Star Business: Banks warn over proposed caps on interest rates
    28 Jul 2016 - Bankers have reiterated that capping interest on loans at four per cent above the 10.5 per cent Central Bank Rate will lock out the majority of banking public who are largely perceived to be risky.The lenders said they may be forced to lend to “a few” individuals and...
  • Star Business: CMA lifts lifetime ban on former CMC director Muthoka
    26 Jul 2016 - The Capital Markets Authority has rescinded its decision to ban former CMC director Peter Muthoka from sitting on boards of listed firms after he appealed. The financial markets regulator said Muthoka will be free to be part of company boards from August 3, 2017....
  • Star Business: Five Imperial Bank branches to open Tuesday
    25 Jul 2016 - Five Imperial Bank branches will open for the first time in nine months on Tuesday to help process payments for the bank's large depositors. Clients whose money is still held up at the bank will access a maximum of Sh1.5 million only in the second phase of payouts to...
  • Star Business: Kenya Airways appoints new Chief Operating Officer
    01 Jul 2016 - Kenya Airways board has appointed Jan de Vegt as the airlines' Chief Operating officer from August 1, 2016. He replaces Yves Guibert, who will leave the company at the end of July. Jan joins the airline from Cobalt Ground Solutions in the UK where he is currently the...
  • Star Business: Trade of Barclays shares halted after major drop
    28 Jun 2016 - [field_converge_image]The shares of Barclays Africa's London-based parent company Barclays Plc were suspended from trading yesterday as volatility continued at the London Stock Exchange four days after the Brexit vote.Barclays Plc stock tumbled by more than 10 per...
  • Star Business: Costly maize flour blamed on poor reserves management
    28 Jun 2016 - [field_converge_image]Farmers want the government to put in place an early warning system that gives projections on the country's maize stocks to avert shortages which destablise the market.Cereal Growers Association CEO Antony Kioko said the maize shortage, which...
  • Star Business: Garbage killing our businesses, CBD traders say citing graft
    28 Jun 2016 - [field_converge_image]A group of traders in Nairobi's Central Business District have resorted to cleaning the streets where their shops are situated, accusing the county's environment workers of corruption.The traders along Gwasi Road in downtown area said Nairobi...
  • Star Business: Equity Bank to loan Equitel subscribers money to buy dual SIM smartphones
    28 Jun 2016 - [field_converge_image]Equity Bank is offering its clients loans to buy smartphones provided they use the Equitel mobile phone service network. The bank unveiled the Loans for Smartphones promotion to enable customers buy dual SIM handsets, which they will be required...
  • Star Business: Logistics firm calls for better Mombasa port facilities
    28 Jun 2016 - [field_converge_image]Mechanical challenges are slowing operations at some sections of the Port of Mombasa, according to a local logistics firm, Portside Freight Terminals. PFT general manager Salim Juma said the current logistics system at the Port of Mombasa is...
  • Star Business: Genghis to seek approval for clients’ partial
    28 Jun 2016 - [field_converge_image]Clients of Genghis Capital, a company closely associated with Chase Bank Group might soon receive partial payments of their investments. The investment bank will hold its third annual general meeting today where it will seek the approval of unit...
  • Star Business: Fast loans
    27 Jun 2016 - [field_converge_image]Nairobi-based technology company Innovations Holdings has unveiled an internet and mobile-based savings and credit product. Dubbed Homepesa Sacco the firm will offer loans through the mobile phone. The licensed Sacco enables members to register...
  • Star Business: Imperial Bank knew about the fraud in the bank, court told
    27 Jun 2016 - [field_converge_image]The Central Bank of Kenya and Kenya Deposit Insurance Corporation are accusing shareholders of the collapsed Imperial Bank, now in receivership of using court to evade audit.CBK and KDIC says orders obtained by the shareholders stopping the...
  • Star Business: Dahabshiil fears reduced remittances over Brexit vote
    27 Jun 2016 - [field_converge_image]One of the largest Africa-based money transfer businesses, Dahabshiil, said the UK's Brexit vote will hit remittances and affect investments in the region. Dahabshiil, which is very popular among Somalis and is the biggest financial services firm...

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