business

Govt to support TVETs in training artisans for the construction sector

Kenya requires more than 250,000 housing units every year to meet the demand/FILE By SHEILA NYAMBURA, NAIROBI, Kenya 24th Apr – The government has pledged support for Technical Vocational Education and Training Institutions (TVETs) to ensure the youth have the requisite skill for provision of various construction services....

E-commerce platform goAfrica partners with Jenga to ease transactions

London-based online e-commerce platform goAfrica is known to focus on business to business customers/goafrica.com By JULIE OWINO, NAIROBI, Kenya, Apr 24 – Buyers from across Africa will now be able to buy and pay for goods from merchants located in various markets in a fast, convenient and secure...

Matiangi visits Kitui textile factory, assures of National Government support

“There is no point of importing things we can make here,” said Matiangi/CFM NEWS By CORRESPONDENT, KITUI, Kenya, Apr 24 – The government fully supports the Kitui textile factory, Interior Cabinet Secretary Fred Matiangi has said....

British PM approves Huawei role in 5G network: report

Downing Street declined to comment on the newspaper report/AFP By AGENCE FRANCE PRESSE, London, United Kingdom, Apr 24 – British Prime Minister Theresa May has given the go-ahead for China’s Huawei to help build a 5G network, shrugging off security warnings from senior ministers and Washington, the Daily...

Kenyan brides ‘pull out all the stops’ for dream gowns

One of Ogake’s tailor-made designs/Courtesy By JULIE OWINO, NAIROBI, Kenya, Apr 23 – Ogake Mosomi is a fashion designer who has created a niche for herself in the competitive industry of wedding gown designing and stitching. On a fine Tuesday afternoon, the Capital Business team finds three different...

Uhuru says won’t allow the corrupt to scare away potential investors

He was speaking during the launch of the new Sh7 billion Mars Wrigley Confectionery factory in Athi River/CFM BUSINESS By NJOKI KIHIU, NAIROBI, Kenya, Apr 23 – President Uhuru Kenyatta has reiterated that his administration will not allow the corrupt to scare away potential investors in the...

Outer-Ring,Thika Highway junction closed for next 3 months

Outer-Ring Road/Courtesy of Youtube By JULIE OWINO, NAIROBI, Kenya, Apr 23 – Motorists along the Thika Super Highway and Outer-Ring Road are set to experience a slow down in traffic as a result of the construction...

Outer-Ring,Thika Highway junction close for next 3 months

Outer-Ring Road/Courtesy of Youtube By JULIE OWINO, NAIROBI, Kenya, Apr 23 – Motorists along the Thika Super Highway and Outer-Ring Road are set to experience a slow down in traffic as a result of the construction...

Samsung delays launch of folding Galaxy smartphone

People visit the stand of Samsung during an expo in Guangzhou city, south China’s Guangdong province, 13 September 2018.The world’s largest smartphone maker Samsung Electronics has postponed the China release of its Galaxy Fold handset for an unspecified length of time due to alleged issues with the venue...

Voltic Africa plans to introduce bus booking App to ease public transport

The announcement comes a month after the organization launched a bus booking App I-abiri where travellers can book up to 10,000 bus routes across East Africa/CFMNEWS By JULIE OWINO, NAIROBI, Kenya, Apr 22-The competition for affordable and reliable modes of transport continues as the digital startup Voltic Africa...

Celebrity doctor urges private sector to ‘step up’ in affordable healthcare

Global Health Solutions specializes in the delivery of sustainable, high quality health care solutions to developing countries/Courtesy By Wambui Waweru, NAIROBI, Kenya, Apr 18 – Dr Micheal Obeng dreams came true beyond his wildest dreams and he believes the best is yet to come. Dr Obeng, originally from...

KCB proposes to acquire NBK in share swap deal

KCB Group posted 2018 profit of Sh24 billion while NBK nine-month NBK’s 2018 profit dipped by 84 percent to Sh21.97 million /FILE By CORRESPONDENT, NAIROBI, Kenya, Apr 18 – KCB Group has made an offer to acquire National Bank of Kenya through a share swap. KCB proposes to...

Agriculture takes lead in adopting AI in Kenya

The latest Africa Agriculture Status Report (AASR) says that while globally agricultural insurance is a US$2 billion business, Africa accounts for less than two percent of the market/FILE By JULIE OWINO, NAIROBI, Kenya, Apr 18 – Agriculture is slated to take the lead in the adoption of Artificial Intelligence...

NIC, CBA to settle on identity of merged ‘biggest bank in Africa’

Additional approvals will be required from the regulators in other countries where NIC and CBA operate.  /FILE By CORRESPONDENT, NAIROBI, Kenya, Apr 17 – NIC Bank and Commercial Bank of Africa (CBA) are working on a single identity ahead of a merger expected to be completed in the third...

Telkom Kenya appoints Steve Okeyo as MD, Mobile Division

Steve is the former Director for Regional Sales and Operations at Safaricom By CORRESPONDENT, Nairobi, Kenya, April 17 –  Telkom Kenya has announced the appointment of Steve Okeyo as the new Managing Director for its Mobile Division, taking over from Amer Atwi, who has left the telco.   ...

KBL named most energy efficient company

NAIROBI, Kenya, Apr 17 – Kenya Breweries Limited (KBL) has emerged as the most energy efficient company after winning the coveted 2019 Energy Management Award (EMA) during a ceremony held at the Safari Park Hotel in Nairobi.   The Energy Management Awards seeks to...

Uber introduces new tipping feature in Kenya

The feature will be made available below the rating and compliments section. By CORRESPONDENT, NAIROBI, Kenya, Apr 17 – Uber in Kenya has introduced a feature that allows customers to tip drivers at the end of a...

World Bank making women’s entrepreneurship a priority

By AGENCE FRANCE PRESSE, Washington, United States, Apr 17 – Abolishing the myriad of obstacles for African women to become entrepreneurs must be a priority on a continent where poverty continues to grow, World Bank CEO Kristalina Georgieva said Tuesday. “What we know is that women in Africa...

Kenya Airways increases flights on the Nairobi-Mombasa route ahead of Easter

The airline will upgrade a total of 6 flights to operate the Boeing 787 Dreamliner on the Nairobi-Mombasa /FILE By CORRESPONDENT, NAIROBI, Kenya, Apr 16 – Kenya Airways has revised its schedule and increased capacity on...

Oserian named Kenya’s best company in Renewable Energy

By using geothermal heating, Oserian has managed to tame diseases such as petal botrytis and downy mildew NAIVASHA, Kenya, Apr 16 – Oserian Development company goal of creating a carbon-free environment by 2020 has received a major boost after it was recognized as the renewable energy champion last...

Google News Initiative Innovation Challenge expands to the Africa

By CORRESPONDENT, NAIROBI, Kenya, Apr 16 – Google has announced that the Google News Initiative (GNI) Innovation Challenge is launching in Africa, the Middle East and Turkey in June. The GNI Innovation Challenge is inviting proposals for projects from news organisations of every size...

KQ upgrades and increases local flights ahead Easter holiday

Kenya Airways Boeing 787 Dreamliner/FILE By JULIE OWINO, NAIROBI, Kenya, Apr 16 – Kenyans planning to travel on the Mombasa and Kisumu routes over Easter can now experience travel the Kenya Airways Boeing 787 Dreamliner. This...

40pc of car insurance policies in Nairobi might be fake: Survey

One customer said she had an accident and when she went to claim, she was told that the insurance company did not have her details in their system, despite having paid for the premiums./FILE By KEN MACHARIA, NAIROBI, Kenya Apr 16 – 40 percent of motor vehicle insurance...

Employers, employees to start paying 1.5pc levy for housing fund in May

The Housing Fund Levy is designed to finance the Affordable Housing Scheme under the Big 4 Agenda with Employers are expected to submit the deductions to the National Housing Development Fund (NHDF) every month. By KEN MACHARIA, NAIROBI, Kenya, Apr 16 – Employers will be required to deduct...

Governor Sonko to open Kariokor leather factory in July

Sonko has said the Kariokor Common Leather facility will make a great stride towards realizing Kenya’s Vision 2030, the country’s economic development blueprint that aims to transform Kenya into a middle-income country/file By CORRESPONDENT, NAIROBI, Kenya, Apr 15 – Nairobi residents will now access locally made leather products...

IFC lends Equity Bank Sh10bn to support SMEs and green projects

James Mwangi, CEO, Equity Bank Group, said the partnership with IFC will further strengthen its ability to deliver financial inclusion and green finance/FILE By CORRESPONDENT, NAIROBI, Kenya, Apr 15 – The World Bank’s International Finance Corporation has announced a $100 million (Sh10 billion) subordinated loan to Equity Bank...

Emirates Economy, Experience a Journey in a Class of its Own

Emirates has an innovative new function on its app to allow customers to create bespoke playlists ahead of their flight and sync it to their seats once on board/CAPITAL FM By CORRESPONDENT, DUBAI, UAE, Apr 12 – Just last month, Emirates offered Kenyans a return ticket including a...

Kenya, Mauritius root for more private sector participation in their economies

He said the success of the private sector is key in job and wealth creation as well as in the generation of the revenue needed by governments to provide basic services to citizens/PSCU By PSCU, PORT LOUIS, MAURITIUS, Apr 12 – President Uhuru Kenyatta and Prime Minister Pravind...

KRA projects 40pc growth in tax compliance in 2019

KRA has in recent years introduced a number of initiatives to make paying taxes easier and facilitate compliance/FILE By CORRESPONDENT, NAIROBI, Kenya, Apr 12 – The Kenya Revenue Authority is projecting a 40 percent growth on the rate of tax returns compliance this year with more than 4...

Posta expands logistics business with Nairobi hub

Customers can now use Posta Cargo to deliver goods and parcels in 192 countries as the corporation also explores how it can tap e-commerce. By JULIE OWINO, NAIROBI, Kenya, Apr 12 – Postal Cooperation of Kenya...
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