September 25th 2017

Markets



Planning to buy property? Avoid Thika, Syokimau and Mlolongo

Tobbie Wekesa | Tuesday, 11 Oct 2016 04:57 EAT

Nairobi property prices increased by 1.2 percent in the third quarter, according to Sakina Hassanali, the HassConsult head of research and marketing, which was a slower increase than the 4 percent that was posted in the second quarter.


KenGen, Sarova and Eenovators shine for Kenya at World Energy Engineering Congress

Free Press Correspondent | Thursday, 22 Sep 2016 15:20 EAT

The Energy Manager of the Year is among the 10 categories, and is presented to an individual for outstanding accomplishments in promoting the practices, principles of energy management and development, and for superior service to the Association


Sugar imports increase by 67 per cent to address a deficit by millers

Martha Kwamboka | Friday, 16 Sep 2016 16:42 EAT

Kenya’s sugar consumption has increased by three per cent in the last one year, pushed up by population growth. Statistics from the sugar directorate indicate that consumption stood at 889,233 tonnes in 2015 from 860,084 tonnes the previous year.


Govt, private sector join to combat illicit trade

Free Press Reporter | Friday, 16 Sep 2016 15:44 EAT

The Organisation for Economic Co-operation and Development (OECD) estimates that EAC governments lose over $500 million in tax revenue annually due to the influx of counterfeit and pirated products.


Remarkable year for tea farmers as bonuses hit Sh84 billion

Martha Kwamboka | Wednesday, 07 Sep 2016 17:25 EAT

Farmers in Kiambu and Thika will rake in Sh12 billion up from Sh8 billion, while those in region seven that covers Kitale and Nandi will earn Sh2.2 billion up from Sh1.3 in the previous year.


Zuku to offer new customers 90 days free TV viewing

Jack Otwala | Thursday, 01 Sep 2016 10:26 EAT

After the 90 days expire, customers will have the option to retain the current bouquet for Sh399 or to upgrade to other packages available such Zuku Classic and Zuku Premium for Sh999 for 72 channels and Sh1399 for 99 channels respectively.


Trans Mara Sugar looking to increase production through equipment leasing system

Free Press Correspondent | Wednesday, 31 Aug 2016 09:53 EAT

The Sh50 million lease agreement between Trans Mara Sugar Company and Quipbank Trust Limited and Tata Africa Holdings Limited was planned to reduce on post-harvest losses occasioned by delay in delivery of cane to factories.


The future of oil and gas exploration and production in Kenya and the region is very promising. Recent oil and gas discoveries in Kenya and Uganda have made the East African region attractive for companies that offer drilling services.


Alexander Forbes Vuna Pension Plan registers 14 per cent growth in assets

Free Press Reporter | Tuesday, 23 Aug 2016 13:12 EAT

“Even though it has been a difficult market for investors, Vuna membership and asset growth has been on the increase, a clear demonstration that this product we are offering is what the market needs”, Ms Okinda said.


The bank also reported an increase in the customer base from 9.7 million accounts to 10.7 million accounts during the year. Customer deposits in the Kenya grew by 10 per cent to Sh259 billion up from Sh236.4 billion.


Mumias, Nzoia sugar companies clash as cane shortage bites in Western belt

Free Press Correspondent | Friday, 19 Aug 2016 18:58 EAT

“Mumias managers know well that they are harvesting in our zone and we won’t allow it. They are using goons and police officers to harass our farmers. If they continue with that trend we will also be forced to handle them as they come."


Britam expands its services in Tanzania

Free Press Reporter | Monday, 08 Aug 2016 11:51 EAT

Mr Wandera said this was part of the Britam group’s overall strategy of expanding its general insurance business and widening its foot print in Tanzania, while tapping into the un-insured segments of population.


The passage and effective implementation of the bill would address trading challenges between millers and farmers which are common in the cereal and wider agricultural sector.


Kenya’s retail sector on the rise

Oxford Business Group | Saturday, 09 Jul 2016 23:50 EAT

The dramatic rise in formal retail space has helped attract new foreign investors in the sector. In mid-May Carrefour, the world’s second-largest retailer, opened its first outlet in Kenya, its first in sub-Saharan Africa.


Manufacturers decry poor state of roads in Industrial Area

Free Press Reporter | Thursday, 16 Jun 2016 15:10 EAT

The Kenya Association of Manufacturers today hosted a site visit to Industrial Area


Kimani has resigned just eight months into the job, saying that while Uchumi was on the right track, it did not offer him an opportunity to grow and that he would be more challenged at Naivas.


Trans Nzoia’s strategy to build its own roads a first for counties

Free Press Reporter | Saturday, 28 May 2016 19:42 EAT

In a bid to rev up road construction and cut costs, the Trans Nzoia county government has purchased construction and maintenance equipment worth over Sh500 million.