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  • Githae: Cargo traffic to solidify trade between America, East Africa region

    October 16, 2017 5:45 AM 3

    Non-stop flights between Kenya and the US could grow trade, tourism and the hotel sectors two-fold in the first year of commencement. According to Kenya’s Ambassador to the US Robinson Githae, direct flights will increase Nairobi’s cargo traffic and solidify trade between America and East Africa, with volumes of top exports such as fresh-cut flowers

  • Vodafone Group Plc (NASDAQ:VOD) Valuation According To Analysts

    October 15, 2017 6:52 PM 12

    As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Vodafone Group Plc (NASDAQ:VOD). 08/09/2017 – Vodafone Group Plc was upgraded to “buy” by analysts at Bank of America Merrill Lynch. 06/16/2017 – Vodafone Group Plc had its “outperform” rating reiterated by analysts at Sanford C. Bernstein

  • As Vodafone Group Plc New (VOD) Share Value Rose, Envestnet Asset Management INC Decreased Stake by $8.29 Million

    October 15, 2017 3:38 PM 12

    Envestnet Asset Management Inc decreased its stake in Vodafone Group Plc New (VOD) by 21.28% based on its latest 2017Q2 regulatory filing with the SEC. Envestnet Asset Management Inc sold 295,997 shares as the company’s stock rose 16.21% with the market. The institutional investor held 1.09M shares of the telecommunications equipment company at the end of 2017Q2, valued

  • Africa Oil Corp (AOI) Hits New 12-Month Low at $1.58

    October 15, 2017 11:44 AM 6

    Shares of Africa Oil Corp (CVE:AOI) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.58 and last traded at C$1.58, with a volume of shares changing hands. The company’s market cap is $726.02 million. The stock’s 50 day moving average price is $1.69 and its 200-day moving average price is $1.94. Africa Oil Corp. (AOC)

  • Study underscores the economic power of urban tourism

    October 13, 2017 5:25 PM 5

    NEW YORK -- How important is travel and tourism to an urban destination? The specifics vary depending upon the city, but generally speaking, the answer is "very," according to the World Travel and Tourism Council (WTTC). WTTC, a global organization of multinational travel companies that promotes tourism through public affairs activity, broke from its traditional

  • The property in Nairobi’s Kasarani area to be sold end of October

    October 13, 2017 12:48 PM 12

    NAIROBI, KENYA: Billionaire Peter Munga could lose part of his fortune in an outstanding bank debt. The properties to be auctioned by end of the month are situated in Stone Grove estate in Nairobi. In an advert placed in the newspapers on Thursday, Galaxy Auctioneers said the properties are registered in the name of Peter Kahara Munga. “The subject plots

  • Maize farmers to get Sh3,200 per 90kg bag, says ministry

    October 13, 2017 3:00 AM 12

    Agriculture secretary Willy Bett announced the price, which is six per cent more than last year’s when the National Cereals and Produce Board (NCPB) paid Sh3,000 for similar quantity of maize. Mr Bett said the government had set aside Sh7.1 billion to buy 2.4 million bags of maize to replenish the Strategic Food Reserve (SFR) beginning next week. “Based

  • Rwanda-based CityBlue chain to rebrand Kenyan Best Western

    October 12, 2017 7:32 PM 12

    Rwanda-based CityBlue Hotels is set to open its first CityBlue-branded property in Kenya in a former Best Western Plus hotel. “We plan to open the rebranded CityBlue Creekside Hotel & Suites next month as the value hotel of choice for the Mombasa market, as it takes off post-election and into the busy December season,” CityBlue Hotels’ Founder & CEO, Jameel

  • Actuarial firm taps ex-IRA boss Makove to head unit

    October 12, 2017 6:47 PM 10

    Former Insurance Regulatory Authority (IRA) chief executive Sammy Makove has joined consultancy Kenbright Actuarial and Financial Services as head of its new regulatory affairs and advisory division. The firm said Mr Makove’s role would be augmented by an international adviser, Holly Bakke, a former insurance commissioner of banking and insurance for the US State

  • Siemens Gamesa opens in Africa

    October 12, 2017 10:24 AM 9

    Morocco blade factory to supply SWT-DD-130 platform up to 4.2MW  Siemens Gamesa Renewable Energy has officially inaugurated a new blade factory in Tangier in Morocco. It will make B63-10 blades with a length of 63 metres for export to Europe, Africa and the Middle East, as well as for local projects. Siemens Gamesa said the plant could produce other