BUSINESS NEWS

Tue, 02/21/2012 05:36 PM | By Mwakilishi

Kenya is in line to reap vast diplomatic and economic benefits from the elevation of the United Nations Environment Programme (Unep) into a full-fledged international agency.

The change in Unep’s governing structure on Tuesday received the backing of the influ...

Sun, 02/19/2012 01:28 PM | By Mwakilishi

Competition in the mobile money transfer market is set to intensify, with the launch of a cross-border mobile money platform by electronic payments processor Visa.

The platform will be available to all mobile users irrespective of their network, breaking the cu...

Sun, 02/19/2012 12:49 PM | By Mwakilishi

Investors who had hoped to cash in on the proximity to Kenya’s first ICT Park in Konza to make capital gains will be disappointed as the government moved to bar human settlement within two kilometres of the park.

The promoters of the Sh800 billion-technopolis s...

Thu, 02/16/2012 12:54 PM | By Mwakilishi

A major investment conference is being organised by Kenyan expatriates in London for next week.

The event, the Kenya Diaspora Investment Forum, will take place at Kensington Town Hall next Saturday (Feb 25) when the organisers hope over 1,000 people will attend...

Thu, 02/16/2012 12:40 PM | By Mwakilishi

Kenyans working for international firms earning in foreign currencies face tough times as the shilling firms against hard currencies. The Kenya shilling begun crawling back ground last November after touching an-all time low of Sh107 to the dollar in November, reversing w...

Wed, 02/15/2012 03:23 PM | By Mwakilishi

International electronic transaction facilitators are avoiding the Kenyan market as losses mount from card fraud.

Borderlinx, an American company which deals in cross-border electronic commerce, has suspended its services in the local market in a move that wil...

Sat, 02/4/2012 12:15 PM | By Mwakilishi

Kenyans received Sh75.7 billion in remittances from abroad last year, but experts warn that if not managed properly, such income could end up harming the country’s economy.

Studies conducted over the last five years indicate that in certain circumstances remitt...

Mon, 01/30/2012 05:53 PM | By Mwakilishi

You may not have noticed it, but in the ridges of Nairobi’s Ruaka estate at least one four-storey flat is completed every two weeks. What you may also not know is that the majority of rentals are fully booked before completion, while those for sale are half sold before th...

Mon, 01/30/2012 01:48 PM | By Mwakilishi

Kenyans working abroad increased the amount of remittances sent home by 39 per cent last year, helping to cushion their friends and relatives from the rapid rise in consumer prices and also taking advantage of a government-driven diaspora Treasury bonds sale.

R...

Thu, 01/26/2012 01:12 PM | By Mwakilishi

Kenya is yet to meet all conditions needed to allow for direct flights to the United States of America. This has prompted the Government to look at the regulatory side of the aviation industry and align it to international standards called category one.

“The go...

Wed, 01/25/2012 10:51 AM | By Mwakilishi

It is one of the worst times currently to be a foreigner in the United Kingdom. With the UK's economy facing threat of plunging into recession with each passing day, jobs are hard to come by these days.

It is even harder to operate a business as an African in t...

Mon, 01/23/2012 04:13 PM | By Mwakilishi

The reality of the dwindling fortunes in the property market has hit homebuyers in Nairobi’s upmarket neighbourhoods raising concern that many may sink into debt.

Market correction for property in the high class neighbourhoods entered the third year with both p...

Sun, 01/22/2012 10:50 AM | By Mwakilishi

An inventor who combined a hamster cage with a fish tank is to see his dream become reality when the first prototype is made in the US this month.

 Erik Kariuki, 31, claims he’s had to turn down a more than $1m offer for his musthave pet accessory ‘Rodent...

Sun, 01/22/2012 10:36 AM | By Mwakilishi

Proudly pointing to her newly bought T-shirt, Sarah Mukei reads out animals printed on the front, a treasured souvenir of a family's trip from her home in Kenya's capital to Nairobi's national park.

"Elephant, lion, buffalo and rhino, leopard," the 10-year old...

Sun, 01/22/2012 10:25 AM | By Mwakilishi

Diaspora remittances are now being targeted for investment in the region, as countries seek to expand sources of funds in the face of uncertain economic times.

Buoyed by reports from the Central Bank of Kenya that the remittances made into the country in Novem...

Sat, 01/21/2012 04:00 PM | By Mwakilishi

A diverse group of Kenyan entrepreneurs in the UK, excited about the opportunities presented by the summer Olympics in London, have formed ‘Kenya Arrivals and Departure Lounge’ that will see Kenyans in the UK and abroad combining to bring a united celebration of Kenyan cu...

Fri, 01/20/2012 05:31 PM | By Mwakilishi

The founder and CEO of US-based clothing label Uhuru Clothing has plans to officially launch the brand in his homeland. Thomas Mwicigi told Word Is he is in the country to “I planning for a late March launch where I will invite local and international acts to attend as we...

Sat, 01/14/2012 12:48 PM | By Mwakilishi

The East African Community could have a single currency by the end of the year if all goes according to plan, according to a senior Kenyan official.

David Nalo, permanent secretary in the ministry of the East African Community, says everything is being done to...

Fri, 01/13/2012 11:38 AM | By Mwakilishi

Google has been accused of accessing the servers of a Kenyan business directory and trying to poach its customers.

According to contacts compendium Mocality, it caught Google accessing its database of African businesses and then cold calling them to offer inclu...

Thu, 01/12/2012 01:15 PM | By Mwakilishi

Importers of second-hand cars are losing millions of shillings to fraudsters who have invaded the Japanese vehicle export market.

At least 30 victims have approached the Kenyan embassy in Tokyo for assistance in recovering money they paid to phoney companies fo...

Thu, 01/12/2012 01:14 AM | By Mwakilishi

A conference targeting Kenyans living in Europe will be held next month in a bid to encourage them to invest more at home. The meeting which has been jointly organized by Kenya High Commission in the UK and Kenya Diaspora Investment Forum groups will take place on Februar...

Wed, 01/11/2012 09:11 AM | By Mwakilishi

Kenya is establishing itself as a hub for Asian companies with operations in Africa, says Johan Meyer, senior vice president of equity analysis for sub-Saharan Africa at Franklin Templeton.

Many foreign companies are running their African operations from Kenya'...

Thu, 01/5/2012 03:06 PM | By Mwakilishi

The process of setting up Kenya’s first multi-billion shilling resort city moved a notch higher after the Isiolo county council was asked to set aside land for the project

The council is required to set aside 6,500 acres of land at Kipsing Gap, about 20 kilomet...

Tue, 01/3/2012 01:06 PM | By Mwakilishi

Kenya is blessed with a vast array of buried wealth whose proper exploitation would greatly transform the economy. Most parts of the country are represented in the precious resources map, with far-flung and largely under-developed areas like Turkana and Garissa possessing...

Mon, 01/2/2012 03:19 PM | By Mwakilishi

Hundreds of unsuspecting settlers, many with forged title deeds, face eviction following discovery of massive fraud in the allocation of public and private land on a scale unprecedented in Kenya’s history.

A taskforce says the shocking level of land-related fra...

Tue, 12/27/2011 05:24 PM | By Mwakilishi

Two major oil firms are set to enter Kenya’s exploration scene, adding excitement to the long search for petroleum which has intensified since the beginning of the year.

Ministry of Energy officials said French oil giant Total and Brazil’s Petrobras will be amo...

Fri, 12/23/2011 11:12 AM | By Mwakilishi

Avenue in New Jersey, US that has in the past four years hosted the popular annual July 4 Kenya Re-union, commonly known as Street Bash has changed hands and is now wholly owned by Kenyans.

Located in the Hillcrest area of Paterson, NJ, the hotel that owned a s...

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On Saturday 10th December 2011 at 2.21pm, I met my Business Partner and Her friend at the Artcaffe in Junction Nakumatt Mall, Nairobi, Kenya. This was my first time to visit this establishment.

My Business Partner and I sat at a separat...

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Colorado U.S. Senator Michael Bennet has recently introduced a bill called the STEM Visa Act to reform the U.S visa system to drive economic growth, inspire entrepreneurship and especially make it easier for students with advanced degrees to stay...

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An inventor who combined a hamster cage with a fish tank is to see his dream become reality when the first prototype is made in the US this month.

 Erik Kariuki, 31, claims he’s had to turn down a more than $1m offer for his mustha...

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This is the story of Kibet, a Kenyan living in Massachusetts in the United States, but also the story of many a male compatriot.

Married for 11 years, he accuses wife, Judy, of throwing him out of their matrimonial home after she starte...

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