KISUMU, Kenya – An entrepreneurial Kenyan engineer has produced a machine that enables farmers to defy changing weather conditions and earn good profits by switching from traditional food crops to sisal, which thrives in semi-arid regions and needs no fertilizer.
Author: Editor
CBK stranded as Kenyans rake in millions via internet money trading It isn’t the much-chastised pyramid scheme. Not the elusive quail farming. The new money-minting craze is virtual forex trading. And it has left the Central Bank of Kenya guessing on how to control it.
when you relocate to a new place far from where you were raised for studies, in search of a greener pasture or escaping from civil war, you may be inclined to leave behind your culture. but certain cultural aspects die hard and soon you miss them. it is this nostalgia that makes one miss home. begging the question, what do you do when you can no longer go back home?
Jubilee plans a Sh447B railway, a new seaport, an airport terminal at JKIA, Sh24B laptop novelty, and a million acre farm. But Kenya is running on empty. Just what is happening?
Adop-A-Light, Esther Passaris’ multi-million shilling business plane, has hit pockets of turbulence. It is struggling to get through the administrative, legal and political storm. Indeed, the storm now threatens to bring down an empire that pioneered a unique advertising plan.
Sh 263 millionStock brokers approve the Nairobi Securities Exchange share sale in June. Members holding their annual general meeting approved the planned initial public offering that will enable the common mwananchi own part of the bourse. In the 2013 financial year, the NSE reported a 209% rise in net profit to Sh 263 million from Sh 85 million in 2012.
Rebasing: Time for a boot upBut are we ready to join the enviable family of middle-income nations? Why this new status may not be good for the countryBy Vinita Kotedia
Fierce rivalry could be witnessed in the banking sector following the intent by an Ethiopian bank to set operations in Kenya.
Every significant bank in the world wants a piece of Kenya. Apart from South Africa and West African financial institutions that have set operations in the country, banks from as far as Asia are now carrying out reconnaissance with an intention of setting up businesses in Nairobi.
Cooperative Bank Group recorded a nine per cent growth in pre-tax profit for the full year ended December 31, 2013.The Group’s 12-month profit before tax (PBT) expanded to Sh10.87 billion from Sh9.98 billion, due to an increase in the inflow of revenues from banking transactions and the Group’s diversified product offerings. Its total income rose 17 per cent to Sh27.89 billion from Sh23.85 billion.