Business News

Cigna’s entry will step up competition for global health insurers. FILE PHOTO | NMG  American health services company, Cigna, has ventured into the Kenyan insurance market with the launch of its African headquarters in Nairobi.The international insurer, which is targeting multinationals...

Kenya takes the lion’s share of Sh143 billion private equity deals in EA region. Reuben Mwambingu @reubenmwambingu Kenya has attracted the highest number of Private Equity (PE) funds looking to invest in East Africa as the region posted a 35 per...

Shelter Afrique headquarters in Nairobi. FILE PHOTO | NMG  Pan-African mortgage financier Shelter Afrique loss extended by 18.5 percent to $9.23 million (Sh940.8 million) for the financial year ended December 2018, condemning it to the fourth straight year in loss.The management...

Kncci president Richard Ngatia (left) exchanges pleasantries with Tunisia Ambassador to Kenya Hatem Landoulsi. Kinyuru Munuhe @kinyurumunuhe Kenyan National Chamber of Commerce and Industry (KNCCI) president Richard Ngatia yesterday held bilateral trade talks with diplomats from African countries and pledged to...

Central Bank of Kenya(CBK) Governor Patrick Njoroge addressing the press at his office on Thursday May 28, 2019. Five years after Kenya went into the international market for its maiden Eurobond, it is time to pay up. On...

Kenya Airways planes at the JKIA in Nairobi. FILE PHOTO | NMG  National carrier Kenya Airways (KQ) #ticker:KQ has fallen five places in the latest global ranking of airlines to position 90, trailing its regional rival Ethiopian Airlines that ranked among...

Fred Aminga @faminga Central Bank of Kenya (CBK) Governor Patrick Njoroge yesterday said he is not moved by recent claims of weakening performance of the shilling against the US dollar. Njoroge who was speaking during a press conference on Kenya’s demonetisation process said the market reaction is not related to...

Vivo Energy Chief Executive Christian Chammas addresses journalists. FILE PHOTO | NMG  Oil marketer Vivo Energy, which trades under the Shell brand name, is set to take a 50 percent stake in KFC in East Africa, in a deal with the...

BASF vice-president and Africa Market area Africa Michael Gotsche during the interview. PHOTO | SALATON NJAU  The world’s largest chemicals products maker, BASF, has intensified its activities in Nairobi, eyeing a slice of the market across East Africa. BASF vice-president and...

NAIROBI, KENYA: Five million youths across the country stand to benefit from a sh30 billion partnership aimed at creating quality jobs. The project also known as Young Africa Works in Kenya is aligned to the country’s economic priorities, including the ‘Big Four’...

Some 130 youths were awarded certificate after undergoing training through the...

Reuters 20th Jun 2019 15:05:04 GMT +0300 A motorist counts money as he queues for petrol in Harare, Zimbabwe, January 18, 2019 Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local...

President Uhuru Kenyatta at a State House function (PHOTO: Courtesy) NAIROBI, KENYA: President Uhuru Kenyatta has challenged Kenyans to stop concentrating too much on how to make money at the expense of passing good values to their children for a better tomorrow. ...

The KFC franchisee will continue to provide customers with a great...

Residential houses marooned around Nyali's Kwa Bulo areas in Mombasa County on Sunday,026th May,2019 following the ongoing heavy rains at the Coast . It is drizzling on a Friday afternoon when Alamin Siwa Somo, a real estate agent in Mombasa County arrives in...

The Central Bank of Kenya (CBK) has eased concerns on the shilling’s value quelling fears to the volatility of the local unit. The shilling for instance on Monday breached the Ksh.102 mark against the US dollar for the only second time in 2019 before settling at an average Ksh.101.90...

The Institute of Economic Affairs has suggested that there should be...

Small light flat in modern Scandinavian style Small spaces, such as tiny houses and apartments, often require more thought when arranging furniture. It might be tempting to consider not including a dining space just to save on space.  This need...

A well thought out outdoor fire does more than warming up your outdoor rooms A well thought out outdoor fire does more than warming up your outdoor rooms. It draws people to gather around and creates a relaxing ambience. From...

Environmental activists demonstrate in Nairobi against construction of a coal power plant in Lamu. FILE PHOTO | NMG  The push for coal-fired electricity generation leaves Kenya’s quest to go green at a crossroads. This has created a stark contrast for a...

The Central Bank of Kenya (CBK) has ruled out any extensions to the demonetization deadline set for October 1, 2019. Speaking at a news conference on Thursday, CBK Governor Patrick Njoroge said any step away from the present window of exchange would fail the purpose of the demonetization directive...

NAIROBI, KENYA: You will no longer have the convenience of buying cooking gas at your neighbourhood kiosk or nearest petrol station. You will instead have to refill at outlets run by oil marketing companies that own the brand of your gas cylinder....

President Uhuru Kenyatta. FILE PHOTO | NMG  State agencies at the Embakasi inland depot have missed a three-week deadline imposed by President Uhuru Kenyatta to release goods imported by small traders.Over a month ago, the President ordered the immediate clearance...

There is a popular quote by American musician Tom Waits which has become common in contractual lingo that goes: “The big print giveth and the small print taketh away.” An article in a local daily recently suggested that up to 20 per...

Plans to build centres in Kisii, Nyeri, Mombasa and Nakuru are already under way. FILE PHOTO | NMG  A Bill under scrutiny in the Senate has proposed that all 47 counties set up cancer centres as part of the campaign to...

KCB Bank Kenya will train the riders on the use of...

Tent Hotel room with bathroom When selecting a lamp, consider the style of the room. Is it traditional or contemporary? Ensure that the lamp size is proportional to the space. The shade should be half or three-quarters the size to...

Boda boda operators in Nairobi. FILE PHOTO | NMG  Insurance companies are set to get a Sh13 billion cash boost from motorcycle operators following Treasury Secretary Henry Rotich’s proposal to make it mandatory for boda boda and tuk tuk riders to...

NAIROBI, KENYA: A pilot project has been rolled out to enable Kenyans pay for boda boda rides using their cards. Visa has collaborated with KCB Bank Kenya and the Boda Boda Safety Association of Kenya (BAK) to digitise payments for the motorcycle...

Safaricom has announced an ongoing system maintenance, which limits users’ ability to forward and bar calls. The maintenance which started on Thursday morning and is expected to continue to Sunday morning. In a notice on Thursday, Safaricom said, “the minor system maintenance will...