Senior police officers sent on compulsory leave
Five Provincial police boss who served in the Rift Valley have been sent on compulsory leave following the exposure of an imposter, Joshua Waiganjo, who was serving as a senior policeman. The senior...
View ArticleMarketing Medicine
Marketing Medicine Chris Harrison is a marketing and advertising practitioner of 30 years’ standing. From Nairobi, he leads a network of 13 Ad Agencies across Sub Saharan Africa. He’s ready to...
View ArticleKenya sees 5.6 percent economic growth in 2013
THE government expects the economy to expand by 5.6 per cent this year, up from about 5 per cent in 2012, with growth rising to 6 per cent in the medium term, the finance ministry said. It cited growth...
View ArticleShilling gains after cenbank sells dollars
The shilling firmed against the dollar yesterday, supported by the central bank's sale of greenbacks to commercial banks in the previous two sessions after the shilling slid. Banks posted the shilling...
View ArticleCBK may cut rate to 10% to boost growth, analysts predict
THE central bank is expected to cut its benchmark lending rate by one percentage point to 10 per cent this week to stimulate the economy, a Reuters poll showed yesterday. The central bank's...
View ArticleSMEP misses share offer target by 80%
Church owned micro-finance institution SMEP DTM failed to reach its share sale target in the recently concluded public offer only managing to raise 16 per cent of the projected amount. The company...
View ArticleKenya projects stable maize supply, prices in 2012/13
Kenya expects its 2012/13 (July-June) maize harvest to rise to 40-41 million 90-kg bags from 36 million in the previous season due to good rainfall and increased investment by farmers, a top...
View ArticleOrange to utilise rival's money platforms
Telkom Kenya has entered into a partnership with electronic payments provider Pesapal to enable its customers make online top-ups. The deal will enable Orange users buy airtime through its competitors'...
View ArticleCRA accuse the Treasury for living in the past
THE Commission on Revenue Allocation has accused Treasury of undermining the spirit of devolution and warned of a crisis if Sh30.4 is not allocated to the 47 counties. CRA chairman Mica Cheserem told...
View ArticleDeacons calls shareholders to ok SA deal
Lifestyle and home appliances retailer Deacons has scheduled an extra-ordinary general meeting at the end of this month to approve a deal in which it is seeking a joint venture with South Africa’s...
View ArticleParliament approves Sh58.8 billion mini budget
PARLIAMENT has approved the Sh58.8 supplementary budget whose debate was interrupted last week after MPs questioned the constitutionality of the allocations to the county government. The passage of the...
View ArticleOverseas buyers boost commercial property investment in central London
Preliminary figures reveal that commercial property investment volumes in the City area in London reached £9.2 billion in 2012, boosted by overseas buyers. This represents more than a 50 per cent...
View ArticlePE fund Actis signs up Nakumatt for its Thika Road mall
Private equity fund Actis has signed up Nakumatt Holdings to take up space as the anchor tenant at its planned Garden City mall on Thika Road. This becomes the second retail chain to express interest...
View ArticleInvestors snap up Sh500m Shelter Afrique bond
Fixed-income investors have snapped up Sh500 million of Shelter Afrique’s bond, which was the last tranche of a Sh3 billion bond issued in 2011. The investors will earn yields of 12.5 per cent annually...
View ArticleReality of housing need against supply is scary
Everybody requires shelter. It is a physiological need like food, air and water, and counts in one’s very survival so much that affordability is a matter notwithstanding. The other day we discussed...
View ArticleCMA and NSE working on listing rules for REITs
Listing rules for Real Estate Investment Trusts (REITs) which will restrict minimum parcel sizes to be traded at the Nairobi Securities Exchange are in the pipeline. The REITs Regulations 2012 state...
View ArticleStarshot
Brad Pitt to travel to China despite ban Brad Pitt is reportedly set to travel to China for the first time since being banned from the country more than 15 years ago. The 49-year-old actor has...
View ArticleRadio Africa to sponsor Taste awards
Radio Africa's X-FM, Kiss 100 and Classic 105 will be sponsoring Best Café or Coffee House, Best Value for Money and Best Nyama Choma Taste People's choice Awards respectively. Best Cafe nominee's are...
View ArticleDJ and producer Gich Boy is back
One of the best early 2000's producers DJ Gich Boy is set to make a come back very soon this year. Gich Boy who has previously worked with big names like Abbas Kubaff, Chiwawa and Bamzigi has revealed...
View ArticleSTL curtain raises for Trey Songz
Kenyan rapper STL is going places. First she worked with Mohombi on the song Hoola Hoop and she curtain-raised for American RnB sensation Trey Songz last weekend . STL had been chosen by Live Nation,...
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