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  • Kenyans buy Sh150 million mobile phone bond in a record 13 days

    April 5, 2017 1:12 PM

    Kenya has fully sold its debut mobile phone-based bond worth 150 million shillings ($1.45 million), with investor demand forcing the issue to be closed ahead of time, the Treasury said on Wednesday. The East African nation started selling the three-year bond, called M-Akiba, on March 23, becoming the first to issue a mobile phone-based bond in the world

  • First M-Akiba bond sells out two weeks after launch

    April 5, 2017 11:41 AM 1

    By KEN MACHARIA, NAIROBI, Kenya, Apr 5 – The inaugural mobile infrastructure bond has been closed after the entire Sh150 million on offer was taken by investors 13 days after the Treasury bond was issued. The bond, which was due to officially close on Friday April 7, now sets the tone for a bigger mobile bond to be floated in June worth Sh48.5 billion

  • Government to release 1Mn bags from NCBP in a bid to cut price of flour

    April 4, 2017 6:51 PM 3

    By MARGARET WAHITO, NAIROBI, Kenya, Apr 4 – The government will tomorrow release 1 million bags of maize from the National Cereals and Produce Board with the aim of cutting the cost of maize flour which has hit an all time of Sh150 per 2kg packet. Agriculture Cabinet Secretary Willy Bett has said the move will reduce the cost to Sh115 per packet from next week. He says the Cereals

  • Cheaper unga as a million bags of maize released

    April 4, 2017 3:26 PM 1

    Action was taken on Tuesday to reduce the price of maize flour by offering for sale one million bags of the grain from the Strategic Grain Reserve to millers. This is hoped to neutralise the cost effect of traders, who have been hoarding maize in the hope of selling it at higher prices. The shortage has pushed the price of a 2kg packet of maize flour

  • MLB drops Pepsi for Coca-Cola

    April 4, 2017 2:27 PM 1

    Coca-Cola now official sponsoer of MLB beverages NEW YORK (CNNMoney) - Looks like Major League Baseball is about to change the game on Pepsi. On Monday, the league announced it was dropping the soda company in exchange for a new deal with its biggest rival: Coca-Cola. With the new deal, Coca-Cola becomes the official sponsor of MLB beverages. The good news for Pepsi

  • Ford recalling 52,000 trucks because they may move in park

    April 3, 2017 8:52 PM 1

    Ford Motor says it will recall 52,000 F-250 trucks over concerns the vehicles could move while in park. In a statement, Ford is advising owners of the 6.2-liter models of the F-250 to use their parking brake at all times to keep the vehicle from moving. "A damaged park rod actuating plate might not achieve mechanical park within the automatic transmission

  • Eyewitness News — #JunkStatus: The good, the bad & the ugly (Yes, S&P found some good)

    April 3, 2017 7:22 PM 1

    JOHANNESBURG - An economic bombshell, just days after a seismic political moment in the form of a Cabinet reshuffle, has shaken South Africa, leaving the rand, business and consumers reeling. While President Jacob Zuma revealed only limited details on why he sacked five ministers and two deputy ministers (including Pravin Gordhan as Finance minister)

  • Pan African trade finance bank secures Sh46bn from AfDB

    April 3, 2017 4:39 PM 1

    The African Export-Import Bank (Afreximbank) has secured $450 million (Sh46.3 billion) trade finance package from the African Development Bank (AfDB). The facility consists of a three-year $150 million (Sh15.4 billion) unfunded risk participation agreement or guarantees and a four-year $300 million (Sh30.8 billion) trade finance line of credit

  • Emirates, Etihad to boost screening on Australia flights

    April 3, 2017 9:58 AM 1

    Emirates and Etihad airlines will tighten screening for passengers flying to Australia this week after the country imposed new requirements for enhanced explosives detection, the UAE companies said Monday. DUBAI: Emirates and Etihad airlines will tighten screening for passengers flying to Australia this week after the country imposed new requirements

  • AfDB meeting in India will help boost investments

    April 2, 2017 10:42 PM 1

    After China, the African Development Bank’s (AfDB) annual meet is moving to Ahmedabad as India seeks to court countries from the continent where its neighbour has been investing heavily. NEW DELHI: After China, the African Development Bank's (AfDB) annual meet is moving to Ahmedabad as India seeks to court countries from the continent where its neighbour