Business News

Communication Permanent Secretary, Dr Bitange Ndemo (left), receives a gift from Mi Mobile company director, Mr Alpesh Patel, at a phone launch on Wednesday. He predicts call charges will drop to SH2 per minute. Picture by Pius Cheruiyot

EXCHANGE RATES
EXCHANGE RATES: 15/05/08 [Updated on May 15, 2008, 12:00 am ] ... Read more

Mobile phone calls to cost Sh2, predicts PS
Mobile phone users will soon benefit from reduced calling charges. The Government is seeking to cut mobile communication costs to about Sh2 per minute by next year. [Updated on May 15, 2008, 12:00 am ] ... Read more

Eveready profits decline by 91 per cent
Eveready East Africa Ltd (EEAL) has announced a 91 per cent decline in profits after tax for the half-year ending March 31. The dry cell maker’s profits fell to a historic low of Sh5.5 million, down from Sh80.4 million over a similar period last year. [Updated on May 15, 2008, 12:00 am ] ... Read more

Manufacturers oppose new labour laws
Manufacturers have joined the Federation of Kenya Employers (FKE) to oppose the implementation of the new labour laws ahead of Saturday’s stakeholders meeting in Mombasa. Most employers are particularly opposed to the proposed Workman’s injury Benefits Act (WIBA) that proposes to increase compensation period for injured workers to 96 months from the previous 60. [Updated on May 15, 2008, 12:00 am ] ... Read more

Online payments to boost tourism
Lack of online payment systems is hampering the effective implementation of E-tourism in the country [Updated on May 15, 2008, 12:00 am ] ... Read more

Food prices to soar further – PS
Food prices would escalate for the next two to three years, but no Kenyan would die of hunger, Perma [Updated on May 15, 2008, 12:00 am ] ... Read more

Agents decry cargo delays at Mombasa port
Clearing and forwarding agents have appealed to the Government to address delays in releasing cargo [Updated on May 15, 2008, 12:00 am ] ... Read more

Turnover continues decline
Turnover declined to Sh238 million from the previous day’s Sh373 million, the number of shares trade [Updated on May 15, 2008, 12:00 am ] ... Read more

Gov officials on tourism recovery trip
Top Government officials are in Western Europe on a mission to claim back tourists lost to post-elec [Updated on May 15, 2008, 12:00 am ] ... Read more

EXCHANGE RATES
EXCHANGE RATES: 14/05/08 [Updated on May 14, 2008, 12:00 am ] ... Read more

Housing Finance shares fall on rights issue price
Housing Finance’s stocks at the Nairobi Stock Exchange plunged 19 per cent as details over pricing o [Updated on May 14, 2008, 12:00 am ] ... Read more

NSE invests in the young
The Bible has one favourite quote that many love to use: "Do not worry about tomorrow for it will ta [Updated on May 14, 2008, 12:00 am ] ... Read more

Cell phones to help rural folks fight poverty, says group
People living in remote villages of Kenya, Uganda and Tanzania can now use mobile phones and the Int [Updated on May 14, 2008, 12:00 am ] ... Read more

Cellphones to boost aviation
Mobile technology in aviation has been identified as the future solution to many problems that affli [Updated on May 14, 2008, 12:00 am ] ... Read more

Kenya Re profits hit Sh1b mark
Kenya Reinsurance Corporation (Kenya Re) has crossed the Sh1 billion mark in pre-tax profits. The [Updated on May 14, 2008, 12:00 am ] ... Read more

Islamic bank wants Act amended
A financial institution wants the Banking Act amended to make Shari’ah compliant banking more attrac [Updated on May 14, 2008, 12:00 am ] ... Read more