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  • Contractor misses deadline for Mombasa-Nairobi pipeline

    August 16, 2017 9:00 PM 1

    The Kenya Pipeline Company (KPC) has pushed forward the commissioning of the new Mombasa-Nairobi pipeline after Lebanese contractor Zakhem International failed to deliver the project in July. Completion of the pipeline, which is expected to substantially increase the flow of petroleum products and displace at least 70 trucks from the Nairobi-Mombasa

  • Judge orders LinkedIn to stop blocking data-scraping firm

    August 15, 2017 4:25 PM 1

    A federal judge in San Francisco has ordered LinkedIn to stop blocking a startup company from scraping LinkedIn personal profiles for data. U.S. District Judge Edward Chen has sided with hiQ Labs, a San Francisco company that analyzes workforce data scraped from public profiles. LinkedIn invoked a federal anti-hacking law in telling hiQ to stop. LinkedIn

  • Kenya: Petrol Down By Sh1.01 but Diesel, Kerosene Up in Latest ERC Review

    August 15, 2017 8:31 AM 1

    Super petrol has gone down by Sh1.01 while diesel has increased by Sh1.39 and kerosene by Sh0.86 per litre. ERC says the move follows the decrease in landed costs of imported petrol in July as well as an increase in landed costs of imported for diesel and kerosene. Starting midnight August 14, motorists in Nairobi will buy super Petrol at Sh96.08 per litre

  • Barclays Bank of Kenya's H1 pretax profit down 12 pct

    August 15, 2017 7:02 AM 2

    NAIROBI, Aug 15 (Reuters) - Barclays Bank of Kenya said on Tuesday its pretax profit fell 12 percent to 5.15 billion shillings ($49.69 million) in the first half of the year, pulled down by a drop in interest income. The bank is part of Barclays Africa, where the majority owner Barclays Plc is reducing its stake. Net interest income fell to 10.54 billion

  • Stanbic Bank profit edges up slightly

    August 14, 2017 9:00 PM 4

    Stanbic Bank’s profit fell 12 per cent in the first half of this year following reduced lending and income from interest on loans. The bank’s profit for the six months to June stood at Sh1.7 billion, down from Sh1.9 billion last year. Interest income fell by Sh450 million as the bank cut back on home loans to focus on overdrafts and term loans

  • Mercedes-Benz China Sales Jump 32 Percent

    August 14, 2017 4:24 PM 2

    Mercedes-Benz China Sales Jump 32 Percent Mercedes-Benz sales in China jumped 32% year on year to 48,588 vehicles in July as the German luxury brand enjoyed strong demand for its long-wheelbase E-class sedan. Meanwhile, Audi’s deliveries rose 10% last month from a year earlier to 51,235 vehicles as Volkswagen Group’s luxury brand rebounded from a dispute

  • Reliance Communication offers unlimited calls, data with Rs 299 rental plan

    August 10, 2017 3:16 PM 1

    Anil Ambani-led Reliance Communications has announced a new plan with a monthly rental of Rs 299 for its subscribers. The company announced the all-new rental plan in a tweet on Wednesday. It said, "Reliance Mobile introduces the lowest rates ever! Starting at Rs 299 monthly rental." RCom also announced a Rozana offer in which a recharge for Rs 193 will get you 1GB data per day and 30 minute

  • Telecom price war: Compare data tariff of Jio vs Airtel vs Vodafone

    August 10, 2017 3:16 PM 12

    Reliance Jio's entry into the telecom market with low cost mobile internet data and unlimited call packs has forced many telecom operators to join the bandwagon. Other telecom operators such as Bharti Airtel and Vodafone are also offering 4G data plans and unlimited calling at lowest rates. In August, Mukesh Ambani led Jio extended the benefits of its Dhan Dhana

  • Fipronil in eggs: Dutch police arrest two suspects

    August 10, 2017 1:33 PM 11

    Police in the Netherlands have detained two men suspected of being involved in the illegal use of a pesticide in the poultry industry. Millions of fipronil-contaminated eggs have been recalled since the scandal broke. Dutch prosecutors said in a statement Thursday the men are directors of a company that allegedly used an unauthorized insecticide at poultry

  • Paytm 'Independence Day Sale' begins: Heavy discount on iPhone 7, laptops, DSLRs

    August 9, 2017 2:49 PM 2

    These e-commerce websites are offering discounts up to 70 per cent. With Amazon's Great Indian Sale, the US-based e-commerce giant is offering discounts on gadgets, fashion, large appliances and other segments. Amazon Prime members are being given early access to some of the top deals, along with cashbacks for Amazon Pay and credit or debit card holders