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  • DHL and MallforAfrica to sell African goods to US customers

    October 9, 2017 11:46 AM 6

    International express services provider, DHL Express and global e-commerce company, MallforAfrica will – according to both firms – now enable customers in the United States to purchase locally manufactured products online. US customers will buy the products via the eBay platform run by MallforAfrica. DHL locations will serve as drop-off points for products

  • Diesel consumption drops for first time in 7 years

    October 9, 2017 4:01 AM 3

    Diesel consumption in Kenya dropped for the first time in seven years, pointing to a slowdown in an economy that uses the fuel to power industries, agricultural machinery and commercial vehicles. Industry data shows that consumption of diesel slipped to 1.24 billion litres in the first six months of the year compared to 1.25 billion litres during a similar

  • MTN announce new Regional Vice President

    October 8, 2017 11:02 AM 7

    CAPE TOWN – The MTN Group on Friday announced the appointment of Ebenezer Asante as Vice President (VP) of the expanded Southern & East Africa and Ghana (SEAGHA) Region. The group said the role became vacant after former VP, Godfrey Motsa, was appointed as CEO of MTN South Africa. Karl Toriola, VP for West and Central Africa (WECA) Region, has been managing

  • Nakumatt closes Westgate Mall branch

    October 8, 2017 8:05 AM 8

    Struggling Nakumatt Supermarket has announced the closure of its Westgate branch, as the retailer's troubles persist. In a public notice, Nakumatt announced on Saturday that the branch will be closed from Sunday, October 8 "until further notice". The closure comes barely a week after Junction Mall directors closed a branch at the premises. However, Nakumatt

  • Cap on interest rates is awkward: KBA CEO Olaka

    October 8, 2017 6:32 AM 6

    In this interactive series, we invite our readers to send in questions to select public figures. 1. Why is the banking sector agitating for the removal of the cap on interest rates? Isn’t it selfish of banks to only think of themselves and not the customers? Kenya is a liberalised economy, which means that industries, from manufacturing to transportation

  • Are Analysts Bullish about Vodafone Group plc (LON:VOD) after last week?

    October 8, 2017 12:34 AM 2

    Vodafone Group plc (LON:VOD) Ratings Coverage Among 28 analysts covering Vodafone Group PLC (LON:VOD), 17 have Buy rating, 3 Sell and 8 Hold. Therefore 61% are positive. Vodafone Group PLC had 300 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Vodafone Group plc (LON:VOD) earned “Buy” rating by Nomura on Monday, July 27. The stock

  • October 6th, 2017AfDB releases second Trade Finance in Africa survey report

    October 7, 2017 12:02 AM 5

    The report recommends that a win-win partnership and a collaborative approach involving development partners is needed to overcome the challenges of access to trade finance faced by financial institutions and the private sector in Africa. Commenting on this second report, AfDB Director of Financial Sector Development Department Stefan Nalletamby explained

  • Australia drops to 50th for internet speed

    October 5, 2017 6:01 AM 4

    THE National Broadband Network was meant to mean big things for Australia, and at $49 billion, it had a hefty price tag to match. However, cost blowouts and delays have turned it into a political football. A new graphic, from Bloomberg, shows Australia has slumped to 50th place on a global list of internet speeds. While it's not surprising South Korea

  • Hyatt Hotels & Resorts maps out Africa expansion

    October 3, 2017 6:08 PM 1

    Hyatt has taken on East Africa as its new focus for investment opportunities and expansion, with the region's new hotels set to double the company's presence in the continent. Meanwhile, Hyatt has also been eyeing Rwanda, Kenya, Uganda, Mozambique, Ghana and Ivory Coast for further expansion. According to the UN World Tourism Organization, Sub-Saharan

  • Financial Review: Telephone and Data Systems (TDS) and AT&T (T)

    October 2, 2017 7:32 PM 3

    Telephone and Data Systems (NYSE: TDS) and AT&T (NYSE:T) are both mid-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, risk, analyst recommendations, institutional ownership, valuation and earnings. 82.5% of Telephone and Data Systems shares are held by institutional