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19:51 Revisiting Nafta: The Stakes for Key Industries

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16:59 Angola’s Luanda pips Hong Kong as costliest city

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18:57 Captains of Industry: Loïc Amado ,Uber East Africa’s General Manager

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  • In Mumbai, Taj Palace gets a trademark

    June 25, 2017 2:13 PM 1

    India’s Trade Mark Registry has assigned an image trademark to Mumbai’s Taj Mahal Palace hotel. This makes it the first structure in India to get such a trademark registration — one of many firsts of this landmark of the city — and takes it into an elite group of trademarked structures across the globe, enhancing its stature in the international hospitality

  • Peter Kenneth gets CBK licence to open bank

    June 23, 2017 4:38 PM 3

    Nairobi governor aspirant Peter Kenneth and his partners have been granted a banking licence, allowing them to enter the lucrative lending business. Mr Kenneth is among 25 shareholders of Mayfair Bank, the newest lender in Kenya, which is anticipated to begin operations immediately with the first branch at Upper Hill business hub in Nairobi. Staff and management

  • New bank in Kenya as CBK grants Mayfair licence

    June 23, 2017 10:10 AM 4

    NAIROBI, KENYA: Central Bank of Kenya (CBK) has granted Mayfair Bank licence to conduct banking business in Kenya. In a communication, CBK said the license has been granted pursuant to Sections 4 and 5 of the Banking Act (Cap 488) following the fulfilment of the stipulated licensing requirements. Established by a group of local investors and headquartered

  • Banks lay bare their loan charges as CBK and KBA launch new site

    June 23, 2017 6:32 AM 4

    It is now possible to shop for the cheapest lender from the convenience of your smartphone or computer before applying for a loan. This follows a move by the Central Bank of Kenya (CBK) and Kenya Bankers Association (KBA) to launch a portal and android application that will disclose information on loan fees and charges by commercial banks at the click

  • Atlas to get rid of stake in Addis firm

    June 22, 2017 6:37 PM 8

    Publicly listed Atlas Industries #ticker:ADSS has finally received a nod from shareholders to dispose of its stake in a glass-making firm in Ethiopia. In a special resolution passed on Wednesday, Atlas said Innovative Africa Investments and Eagle Investments had agreed to cede 276.72 million shares they hold in Atlas in exchange for full ownership of the Ethiopia

  • Angola’s Luanda pips Hong Kong as costliest city

    June 22, 2017 4:59 PM 5

    Paris, France | AFP | Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, according to the survey by the Mercer

  • US crude jumps from August lows but oversupply concerns remain

    June 22, 2017 2:54 PM 2

    U.S. crude inventories fell by 2.5 million barrels in the week to June 16, surpassing analyst expectations for a decrease of 2.1 million barrels, data from the U.S. Energy Information Administration released on Wednesday showed. Gasoline stocks fell by 578,000 barrels, compared with expectations for a seasonally unusual gain. Tropical storm Cindy travelling

  • World's most expensive cities: Dubai, Abu Dhabi not in Top 200

    June 22, 2017 1:46 PM 5

    Emirate among world's most affordable expat destinations; Indian cities cheapest to live in Three UAE cities – Abu Dhabi, Dubai and Sharjah – stack up as the more affordable cities among the more than 500 cities ranked for a mid-year 2015 cost of living index. Compiled by Numbeo, which claims to be the world's largest database of user-contributed data about

  • India likely to surpass China's population by 2024

    June 21, 2017 6:12 PM 8

    According to the report, China with 1.41 billion and India with 1.34 billion people, remain two most populous countries in the world. The 25th round of population projections by the United Nations has delayed its earlier estimates of India's population surpassing China's populations by two years. According to the "World Population Prospects: The 2017 Revision"

  • Mombasa port traffic up 11 percent in first quarter, sees no election disruption

    June 21, 2017 11:32 AM 1

    Kenya's main port of Mombasa handled 11 percent more cargo in the first quarter of this year, helped by increased efficiency after its handling capacity was expanded, the port's management said on Wednesday. Last year Kenya commissioned a second container terminal worth $300 million at the port, which is 900 metres long with three docking berths, and provides