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  • Sanlam buys South Africa’s PineBridge

    July 13, 2017 9:12 PM 10

    Financial services firm Sanlam Group is set to acquire PineBridge Investments East Africa Ltd. The acquisition is expected to give the South African firm a stronger foothold in East Africa’s growing financial sector. Sanlam Group yesterday announced that it had received all regulatory approvals for the acquisition of a majority stake in PineBridge, paving

  • Kwale County to launch free street Wi-Fi

    July 13, 2017 2:25 PM 13

    Kwale County plans to launch free street Wi-Fi in Baraza Park and Ukunda as well as an online services portal dubbed KwalePay, using the high-speed Internet set up in the county by Liquid Telecom Kenya. According to the County ICT Director Juma Kingi, KwalePay is a one-stop online shop to all the county government’s services, including applying for business

  • When the cost of building your home changes midway

    July 13, 2017 7:49 AM 9

    Lloyd Waweru’s Juja farm house looks perfect. Anyone would think he must have had it all figured out when he set out constructing it. “Before this house was completed, I went through a rough time with my contractor whom I entrusted with the work owing to my busy schedule at work,” says Waweru, who owns a consultancy firm. He says that before he gave a go ahead

  • Qatar Airways to go ahead with American Airlines stake buy despite codeshare ending

    July 13, 2017 6:03 AM 2

    DOHA (Reuters) - Qatar Airways Chief Executive said on Thursday the airline still planned to buy a stake in American Airlines despite the U.S. carrier ending a code-share agreement between the two companies. American Airlines on Wednesday said it was ending its code-share agreements with Qatar Airways and Etihad Airways. Separately, it said Qatar Airways

  • UPDATE 2-U.S. crude stockpiles drop the most since September

    July 12, 2017 3:04 PM 11

    NEW YORK, July 12 (Reuters) - U.S. crude oil inventories last week dropped the most in ten months, falling more than expected as imports declined and refining rates rose, while gasoline stocks decreased although demand remained lackluster, the Energy Information Administration said on Wednesday. Crude inventories fell 7.6 million barrels in the week to July 7, compared

  • Dairy farmers claim ex-MP too old to lead New KCC

    July 12, 2017 2:19 PM 6

    NAIROBI, KENYA: Dairy farmers are seeking to remove former politician Matu Wamae as chairman of the New Kenya Co-operatives Creameries on grounds that he is too old to lead the parastatal. In the suit filed through MMC Africa Advocates, the dairy farmers drawn from Murang'a County also claimed that Mr Wamae has irregularly sat at the helm of New KCC Limited

  • Bamburi Cement to increase grinding capacity by 40 percent mid-2018

    July 12, 2017 12:47 PM 7

    Kenya's Bamburi said it plans to increase its cement grinding capacity by 900,000 tonnes at one of its two plants by mid-2018 and lift total annual production capacity to 3.2 million tonnes. The company, the East African country's biggest cement maker and controlled by Lafarge Holcim, began work on a new mill at its Athi River plant in January, with proper

  • Why you could be charging your phone the wrong way

    July 12, 2017 9:26 AM 7

    Smartphone users everywhere know the drama of trying to nurse their battery through the day without running out of juice. If you are nowhere near a charging point, a typical day of messaging and checking social media can drain your battery annoyingly quickly. You might dismiss your phone's rubbish battery as a frustrating fact of life, but actually

  • Shock of Sh30b undisclosed Nakumatt debt

    July 11, 2017 5:51 AM 6

    A senior Government official has laid bare the extent of Nakumatt Supermarket’s financial woes, revealing the retailer is reeling under a Sh30 billion debt. This makes the recovery of the regional retail chain, whose debt position in the public domain has been put at Sh18 billion, more tasking. According to the source, whose line of work falls within

  • Liquor Stores, Ritchie Bros. Auctioneers, SNC-Lavalin Group

    July 10, 2017 10:30 AM 4

    RESEARCH-CANADA/:CANADA RESEARCH ROUNDUP-Liquor Stores, Ritchie Bros. Auctioneers, SNC-Lavalin Group July 10 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Liquor Stores, Ritchie Bros. Auctioneers and SNC-Lavalin Group, on Monday. HIGHLIGHTS * Liquor Stores NA : National Bank of Canada