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BizNesS adS     Nation Business Daily Nation RSS Feeds: Business Bourse wants certificates automated Shareholders have up to November to convert their paper share certificates into electronic form More... Firm seeks to stop implementation of BebaPay A company is going to court to stop the implementation of BebaPay by Equity Bank and Google More... Has Tuskys bought out its rival in Nairobi? A local retail giant is said to have acquired a rival’s operations in Nairobi in a bid to consolidate its business in the city More... Market for exchange of farm produce to be set... Kenya plans a commodities exchange market to help farmers secure high and stable prices for their produce More... Secrets of Safaricom’s Sh25bn profit and huge... When Safaricom released its financial results on Tuesday and announced a Sh25.5 billion pre-tax profit, many Kenyans were not shocked by the huge amount More... Eggs, tomatoes missing from Kakamega shops Many families in Kakamega County are not eating eggs and tomatoes because of an acute shortage in the region More... Online portal targets cooperatives The government has started a campaign to increase the use of technology by cooperative societies More... NSE woos oil, mining firms to the bourse The Nairobi Securities Exchange is now wooing oil, gas, coal and other mining companies with operations in Kenya to consider listing on the exchange as way of raising capital and also to comply with the shareholding rules More... Conmen target land compensation scheme in... Fraudsters have invaded Kirinyaga County and are frustrating government’s efforts to compensate farmers to pave way for the construction of Sh13 billion water dam for the expansion of rice irrigation More... Counties face procurement nightmare County governments are faced with the prospect of being unable to absorb allocated funds due to lengthy procurement processes even as some plan to borrow to cover expected shortfalls in allocations More... Total Kenya bosses face arrest over Sh45m loss Oil marketer Total Kenya has lost a bid to stop the arrest of nine of its top managers wanted by police on allegations of committing fraud that cost the company Sh45 million More... Facebook and Twitter launch software for Google... Facebook and Twitter have launched applications for Google glasses as developers rushed to learn more about tailoring software for the Internet-linked eyewear yet to hit the market. More... High growth tops Treasury plan Four of the newly appointed Cabinet Secretaries took over offices Friday, promising to keep the country on the reform and growth path. More... Survey to clear Kenya as yellow fever risk... The government has launched a survey on prevalence of yellow fever as it seeks to clear Kenya as a high risk country, a plan that is likely to boost tourism. More... Board seeks Sh8bn more to repair roads Kenya Roads Board is seeking an additional of Sh8.5 billion for emergency repairs countrywide following floods which swept bridges and rendered most roads impassable. More... Greece youth delay 'moving out' on harsh times In a society where family ties traditionally play a prominent role, Greece's deep economic crisis apparently offers a few Greek mothers a reason to be happy. More... Dell profits plunge on PC woes US computer giant Dell said Thursday its quarterly profit plunged 79 per cent from a year ago, as a shift away from PCs hammered the company's bottom line. More... Agencies push for single identification number... State agencies are pushing for the adoption of one identification number that will be used on all documents ranging from birth certificates, ID cards, passport, national social security number, national hospital insurance fund number and driving licence More... Forex Market Indicative Rates for Major... Currency Buy Sell Mean US DOLLAR 83.7339 83.9144 83.8242 STG POUND 127.3808 127.6770 127.5290 EURO 107.7299 107.9789 107.8540 SA RAND 9.0172 9.0531 9.0351 More... Safaricom share price under pressure at bourse Safaricom’s share price came under pressure from profit takers two days after announcing impressive full year financial results More... Sh5 billion five-star gift for tourists A Sh5 billion furnished five-star luxury marina was Thursday unveiled at the coast. More... NIC names new boss to replace Macharia NIC Bank has appointed a new managing director to replace Mr James Macharia who has resigned to take up the position of Cabinet Secretary for Health More... Uhuru’s pledge to private sector President Uhuru Kenyatta has said his government is working on policies that will boost the growth of the private sector. More... NSSF to lay off 500 workers in costs cut drive The public pensioner will lay off over 500 staff to cut costs. More... Forex Market Indicative Rates for Major... FOREX RATES Date Currency Buy Sell Mean 15-05-2013 US DOLLAR 83.7222 83.8917 83.8069 15-05-2013 STG POUND 127.4943 127.7992 127.6470 15-05-2013 EURO 108.1504 108.3944 108.2720 15-05-2013 SA RAND 9.0551 9.0891 9.0721 More... Six firms fail to meet Central Bank’s rules Six commercial banks failed to meet standards set by the Central Bank as at the end of 2012. More... President Uhuru pledges support for private sector President Uhuru Kenyatta has said his government will continue to support growth of the private sector in Kenya. More... Domestic workers: NSSF set for door-to-door... The National Social Security Fund (NSSF) has said it will conduct a door-to-door inspection in residential houses to ensure all domestic workers are registered. More... Safaricom earnings increase 39 per cent to hit... Safaricom on Tuesday reported a Sh17.5 billion in after tax profit making it the most profitable listed company in the region More... Reprieve as fuel cost goes down by Sh5 Fuel prices went down by as high as Sh5 as the regulator announced this month’s pump prices, offering relief to consumers and a boost to the falling cost of living More... Airtel Kenya unveils new set of bundles Airtel Kenya has introduced a new range of bundles that will see its customers enjoy voice calls, SMS and data services from as low as Sh10 daily More... Uchumi turns to investors for more cash The Uchumi supermarket chain is seeking more money from its shareholders, which is expected to indicate the level of confidence the investors have in the company More... CMA set to step up oversight of listed firms The Capital Markets Authority is reviewing corporate governance guidelines to enhance scrutiny on companies and directors of public-listed companies More... Reinsurer reaps from rush for political cover A rush to insure against political risk in the lead up to the March 4, 2013 General Election earned a handsome profit for a reinsurance company More... ERC announces reduction in fuel prices The Energy Regulatory Commission has reduced the price of fuel in a move that offers some reprieve to consumers More... Safaricom announces Sh17.5bn post-tax profit Telecoms firm Safaricom has recorded a 39 per cent increase in profit after tax to Sh17.5 billion for the period ended March 2013. More... Forex Market Indicative Rates for Major... Currency Buy Sell Mean US DOLLAR 83.7969 83.9250 83.8609 STG POUND 130.3879 130.6293 130.5090 EURO 108.6426 108.8423 108.7420 SA RAND 9.2125 9.2271 9.2198 More... Microfinance licensed to take deposits A microfinance institution has been issued with a licence to collect deposits from the public. More... Tourism looking up, says PS The peaceful government transition has restored confidence in Kenya as a safe tourist destination, a permanent secretary has said. More... Toyota starts to assemble Hino buses in Nakuru Toyota Kenya has begun assembling its Hino buses and trucks in Nakuru Town as it seeks to increase its presence in counties. More... 7m Jua Kali workers to benefit from new... More than seven million Kenyans working in the informal sector are set to benefit from a new partnership between the World Bank and the Retirement Benefits Authority. More... Kenyan experts search for swine fever vaccine Scientists in Kenya have launched research of a vaccine to be used against African swine fever More... SMEs bank on new law to win contracts, access... Investors in the micro and small business industry are banking on a new law to open trade opportunities in the national and county governments More... Bloc rolls out plan to ease supply of drugs A regional secretariat has started implementing a plan that is set to address the challenges faced in the supply of drugs More... Foreign investors’ share purchases hit Sh23bn... Share purchases by foreign investors at the bourse almost doubled in the first four months this year, highlighting the increasing attraction of Kenya’s equity market More... Cigarette maker seeks ban on Uganda firms A Kenyan cigarette maker has asked the government to impose a ban on Ugandan firms using the country as a transit route of their products More... Stock markets ride high, but beware of a fall Optimism is blowing through stock markets around the world, lifting many of them to record high levels but this contrasts with widespread economic gloom and leads some analysts to wonder if some of it is just hot air. More... Buildings on road bypass in Kajiado to be... Encroachment on parts of a 23-kilometre bypass meant to link Kitengela and Ongata Rongai has derailed construction work since last year despite a Sh323 million government allocation to the project. More... Oil, gas finds spur investor interest in... Kenya has been touted as one of the hottest frontiers for investment in oil and gas exploration in the world. More... New rules to stamp out money laundering Money transferring is to come under greater scrutiny as the government moves to reduce the risk of laundering and transactions meant to sustain terrorism. More... Debate rages over 14 pc pay directive Debate continues over President Uhuru Kenyatta’s order raising the minimum wage by 14 per cent as employers as manufacturers complain it will have a negative impact on the economy. More... World Bank data on measure of global poverty... In early 2012, outgoing World Bank President Robert Zoellick announced that the Millennium Development Goal of halving the global poverty rate relative to its 1990 level had been achieved in 2010 – five years ahead of schedule. More... Check your bank account status, lobby urges... The Kenya Bankers Association (KBA) is calling on all bank account holders to confirm the status of their money or any other assets before they are surrendered to the recently formed unclaimed financial assets authority. More... Kenya Power share price sheds 6pc Kenya Power share price declined by 6.7 per cent to touch a two-month low a day after the government rejected its proposal to increase power tariffs. More... Annan demands tighter G8 resource rules to aid... The Group of Eight (G8) economic powers must adopt tough new rules for the energy and mining sectors to stem corruption and tax evasion that is bleeding wealth from Africa, according to former UN secretary general Kofi Annan. More... Relief for consumers as Kenya Power loses bid... Kenya Power’s intention to increase electricity tariffs hit a dead end on Thursday following the government’s rejection of the proposal More... StanChart’s branch to run without cashiers A move to do away with bank cashiers took a first step on Thursday with the introduction of an unmanned digital branch by Standard Chartered Bank More... Safaricom arm to build 300 houses Safaricom Investment Cooperative (SIC) is to construct 300 housing units at a cost of Sh1 billion at Mlolongo in Machakos County More... EABL to scale up sale of cheap brand Beer manufacturer East African Breweries Ltd will open new distribution centres countrywide for its low cost beer brands as part of a move to eat into the illicit brew market More... Nokia unveils new Asha series phone Finnish phone manufacturer Nokia, in its fight to regain lost ground in the global mobile phone market, has unveiled a new handset in its mid-range Asha series More... One-time gains boost News Corp profit to $2.85 bn News Corp said Wednesday profit in the past quarter tripled to $2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in cable TV and film operations More... Kenya ready to produce oil ‘now’ Kenya could start producing oil earlier than expected, with the company currently exploring oil saying it’s ready to start production “now” if the road network is improved. More... KCB gets 25pc rise in profit Kenya Commercial Bank has recorded a 25 per cent increase in profits after tax for the first three months to March 31 supported by cheaper deposits and increase in foreign exchange income. More... Top-100 company award entries expand to counties This year’s Top-100 mid-sized company’s awards will receive entries from all the 47 counties. More... Brazilian elected WTO boss President Dilma Rousseff has hailed the election of Brazilian Roberto Azevedo as new head of the World Trade Organisation, saying, it will help bring about a “more dynamic and just” world economic order. More... Branson open to total sale of Virgin Australia Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline's branding is more important to him than ownership. More... Central Bank cuts benchmark lending rate to... The benchmark lending rate has been reduced for the second time this year to support credit growth in the economy following a peaceful General Election More... Galaxy S4 launch heightens local smartphone wars The South Korean electronics firm, Samsung, launched the much-touted latest Galaxy S4 models in Kenya, heightening smartphone wars in the market More... Firm sells health arm to meet new rule Alexander Forbes has sold its Kenyan healthcare arm in a bid to comply with a directive by the insurance authority on individual ownership and risk-based supervision More... Sh12bn shot in the arm for Turkana wind power... The Turkana wind power project has been given a new lease of life after African Development Bank approved $149.5 million (Sh12bn) funding, bringing to an end a seven-year battle with various authorities over its implementation More... Cost of electricity to come down in 2017, says... Electricity cost is expected to come down from 2017 when the country will get power from Ethiopia More... NMG and college to help small businesses learn... The Nation Media Group and the Kenya Institute of Management will offer small and medium enterprises an opportunity to share their business models while learning from each other on the best practices More... South African Airways fights to keep flag flying South African Airlines is one of the continent's leading carriers, but financial battles and seemingly endless changes of leadership have put its future at risk More... North Rift leaders want fertiliser agency set up Leaders in the North Rift are calling for the establishment of a special agency to deal with the supply and distribution of subsidised fertiliser. More... Poll jitters eat into cash from diaspora Diaspora remittances increased marginally in the first quarter that ended in March with inflows hampered by reduced economic activity due to the General Election. More... South African firm in bid to buy AccessKenya South African technology giant Dimension Data wants to acquire Kenyan internet service provider AcessKenya for Sh3.05 billion as part of its strategy to expand its footprint in sub-Saharan Africa. More... Equity plans holding firm to oversee regional... Equity Bank plans to establish a holding company that will run its operations in East Africa. More... Equity Bank first quarter net profit up 21 per... Equity Bank’s net profit for the first quarter of 2013 rose 21 per cent to Sh3.2 billion from Sh2.6 billion the same period last year. More... State to vaccinate 61 million livestock to... The government has unveiled a plan to improve trade in livestock by vaccinating 61 million livestock in the next financial year More... Energy body coming up with new laws on transport A regulator has said it is setting a new legislative framework and regulation on transportation of petroleum in the country More... Articles last updated at May 20, 2013 14:16:29pm. Next update in 60 minutes.     BizNesS adS
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