Barclays reaffirms its commitment to Kenya

By KNA Barclays Bank of Kenya has Friday launched its centennial celebrations outlining Youth, SME, Innovation and the Gender Agenda as its core strategic areas of focus going into its next phase of growth. Commenting on...

Manufacturers directed to adopt fortification mark

By Carol Njenga The Kenya Bureau of Standards has directed all manufacturers of maize and wheat flour, edible fats and oil to ensure compliance with the fortification mark. KEBS Managing Director Charles Ongwae said this when...

Middle East and K-Rep banks listed as most expensive

By Ronald Owili The Central Bank of Kenya has published the interest rate that commercial banks are charging borrowers. The Middle East Commercial and K-Rep Banks charge the highest interest rates of 26.4 and 24.2...

Potential investors to get latest ICT statistics

By Jeremy Ogolla Investors targeting the ICT sector will from June this year access up-to-date statistics to aid their investment decisions. This is after the Communication Authority of Kenya partnered with the Kenya National Bureau of...

Oil production firms to bear brunt of glut

By Ronald Owili The global crude oil prices have been on a free fall since mid last year reducing from a high of 120 dollars per barrel to the current 33 dollars a barrel. While consumers...

Kenya to reduce new HIV infections by 75pc

By PSCU First Lady Margaret Kenyatta Thursday said Kenya is in an acceleration mode to reduce new HIV infections by 75 per cent and eliminate mother to child infections by 2017. She said there is a...

Thika firm gets Sh110m to expand pineapple-charcoal briquettes factory

By KNA Global Supply Solutions, a Kenyan renewable energy company that produces charcoal briquettes from pineapple plant waste, has signed a Sh110 million ($1.1 million) funding from ICDC to finance expansion of its Thika-based factory. The...

Investors to enjoy huge tax incentives

By Nicholus Nduati Kenya Investment Authority Managing Director Dr. Moses Ikiara says both local and international investors are set to enjoy huge tax incentives once the Special Economic Zones program is rolled out in the...

Graft, terrorism and polls threaten Kenyan businesses

By KBC reporters Terrorism, corruption, a precarious judiciary and next year’s general elections are some of the key challenges anticipated for Kenyan businesses this year. This is according to Control Risks, a global business risk consultancy,...

Total’s profits rise 20% to $5.1bn

By BBC French oil major Total has reported a 20% increase in annual net profit to $5.1bn, compared with $4.2bn a year earlier. As with other oil firms, the rise in net profit came thanks to...
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