Star Business

  • Star Business: Nairobi to host the biggest economic event ever organised in Africa
    14 Sep 2017 - From the 5th to 6th October, several hundred CEO's will stop over in Nairobi for an exceptional and unique Business to Business event for French and East African companies dubbed "Les Rencontres Africa 2017".The event brings together close to 1000 African business...
  • Star Business: SA Airways won't cut local routes in cost-reduction plan - CEO
    14 Sep 2017 - South African Airways said on Thursday its plan to fly 23 per cent fewer flights by the end of the year will not include cutting local routes. “No we are not going to do that (cut internal routes), we are looking at the numbers, and the numbers will be the...
  • Star Business: NSE share index plummets 10 minutes after Supreme Court ruling
    01 Sep 2017 - The Nairobi Securities Exchange (NSE) on Friday halted trade due to severe crash on counters immediately after the Supreme Court ruling.This followed the nullification of President Uhuru Kenyatta's win in the August 8 presidential election.In less than 10 minutes...
  • Star Business: Court stops Heineken from ending local distributors' contract
    31 Aug 2017 - A dispute pitting Dutch brewer, Heineken and three local distributors took another turn on Thursday after the High court reinstated orders stopping the firm from terminating their contracts. Justice Joseph Onguto, in the ruling, said it will be in the interest of...
  • Star Business: Housing Finance half-year profit rises 27% to Sh612.6 million
    09 Aug 2016 - Housing Finance has reported a 27 per cent increase in profit after tax for the first half of 2016. Net profit increased to Sh612.6 million from Sh485.1 million in the same period last year. The mortgage lender attributed the growth to an increase in net interest...
  • Star Business: Banks warn over proposed caps on interest rates
    28 Jul 2016 - Bankers have reiterated that capping interest on loans at four per cent above the 10.5 per cent Central Bank Rate will lock out the majority of banking public who are largely perceived to be risky.The lenders said they may be forced to lend to “a few” individuals and...
  • Star Business: CMA lifts lifetime ban on former CMC director Muthoka
    26 Jul 2016 - The Capital Markets Authority has rescinded its decision to ban former CMC director Peter Muthoka from sitting on boards of listed firms after he appealed. The financial markets regulator said Muthoka will be free to be part of company boards from August 3, 2017....
  • Star Business: Five Imperial Bank branches to open Tuesday
    25 Jul 2016 - Five Imperial Bank branches will open for the first time in nine months on Tuesday to help process payments for the bank's large depositors. Clients whose money is still held up at the bank will access a maximum of Sh1.5 million only in the second phase of payouts to...
  • Star Business: Kenya Airways appoints new Chief Operating Officer
    01 Jul 2016 - Kenya Airways board has appointed Jan de Vegt as the airlines' Chief Operating officer from August 1, 2016. He replaces Yves Guibert, who will leave the company at the end of July. Jan joins the airline from Cobalt Ground Solutions in the UK where he is currently the...
  • Star Business: Trade of Barclays shares halted after major drop
    28 Jun 2016 - [field_converge_image]The shares of Barclays Africa's London-based parent company Barclays Plc were suspended from trading yesterday as volatility continued at the London Stock Exchange four days after the Brexit vote.Barclays Plc stock tumbled by more than 10 per...
  • Star Business: Costly maize flour blamed on poor reserves management
    28 Jun 2016 - [field_converge_image]Farmers want the government to put in place an early warning system that gives projections on the country's maize stocks to avert shortages which destablise the market.Cereal Growers Association CEO Antony Kioko said the maize shortage, which...
  • Star Business: Garbage killing our businesses, CBD traders say citing graft
    28 Jun 2016 - [field_converge_image]A group of traders in Nairobi's Central Business District have resorted to cleaning the streets where their shops are situated, accusing the county's environment workers of corruption.The traders along Gwasi Road in downtown area said Nairobi...
  • Star Business: Equity Bank to loan Equitel subscribers money to buy dual SIM smartphones
    28 Jun 2016 - [field_converge_image]Equity Bank is offering its clients loans to buy smartphones provided they use the Equitel mobile phone service network. The bank unveiled the Loans for Smartphones promotion to enable customers buy dual SIM handsets, which they will be required...
  • Star Business: Logistics firm calls for better Mombasa port facilities
    28 Jun 2016 - [field_converge_image]Mechanical challenges are slowing operations at some sections of the Port of Mombasa, according to a local logistics firm, Portside Freight Terminals. PFT general manager Salim Juma said the current logistics system at the Port of Mombasa is...
  • Star Business: Genghis to seek approval for clients’ partial
    28 Jun 2016 - [field_converge_image]Clients of Genghis Capital, a company closely associated with Chase Bank Group might soon receive partial payments of their investments. The investment bank will hold its third annual general meeting today where it will seek the approval of unit...
  • Star Business: Fast loans
    27 Jun 2016 - [field_converge_image]Nairobi-based technology company Innovations Holdings has unveiled an internet and mobile-based savings and credit product. Dubbed Homepesa Sacco the firm will offer loans through the mobile phone. The licensed Sacco enables members to register...
  • Star Business: Imperial Bank knew about the fraud in the bank, court told
    27 Jun 2016 - [field_converge_image]The Central Bank of Kenya and Kenya Deposit Insurance Corporation are accusing shareholders of the collapsed Imperial Bank, now in receivership of using court to evade audit.CBK and KDIC says orders obtained by the shareholders stopping the...
  • Star Business: Dahabshiil fears reduced remittances over Brexit vote
    27 Jun 2016 - [field_converge_image]One of the largest Africa-based money transfer businesses, Dahabshiil, said the UK's Brexit vote will hit remittances and affect investments in the region. Dahabshiil, which is very popular among Somalis and is the biggest financial services firm...
  • Star Business: Insurers have poor customer care-study
    27 Jun 2016 - [field_converge_image]Kenyans are reluctant to buy insurance products because insurers are not paying attention to their customers, a KPMG survey indicates.KPMG’s next generation customer survey indicates that only one in 10 insurers is interested in understanding...
  • Star Business: Britam shareholders vote to keep Equity chairman Munga as director in the firm.
    27 Jun 2016 - [field_converge_image]Peter Munga will serve longer as a director of Britam, following his re-election on Friday, despite being over the set age limit as per new guidelines.Munga 72, who was also re-elected Equity Bank chairman in April unopposed, was backed by...
  • Star Business: Brexit could derail Cameron trip to Kenya
    25 Jun 2016 - [field_converge_image]The words of Supuu have never rang truer or so Churchillian. Speaking animatedly to a few colleagues outside the small building that houses the SONU office on the Main Campus grounds of University of Nairobi, he said: “Voters are very...
  • Star Business: Kebs to clamp down on rogue animal feeds makers
    25 Jun 2016 - [field_converge_image]Kenya Bureau of Standards is targeting animal feeds manufacturers in its latest move to curb sub-standard goods in the local market. Kebs managing director Charles Ongwae said the companies, majority of which are based in Nairobi, have violated...
  • Star Business: Don’t blame us for rising maize fl our prices, millers say
    25 Jun 2016 - [field_converge_image]Millers have distanced themselves from the escalating prices of maize flour as grain shortage bites. This follows accusations by the government last week that millers were exaggerating the grain shortage to manipulate flour prices at the expense...
  • Star Business: KTB markets Kenya as a filming destination
    24 Jun 2016 - [field_converge_image]The Kenya Tourism Board has embarked on promoting the country as a filming destination, in its renewed efforts to revive the tourism sector. KTB hosted seven out of 10 top Bollywood producers in the country in a week-long familiarisation tour...
  • Star Business: SME to brand its own products
    24 Jun 2016 - [field_converge_image] An SME company that has been manufacturing household cleaning products for Nakumatt's Blue Label brand has launched its own line of products. Vivek Investments Ltd, named one of Kenya's Top 100 small and mid-sized companies, has launched a new...

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