East African Business Week (Kampala)
Website: http://www.busiweek.com/
November 27
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Kenya: Lamu Port Completion on Schedule
Realization of a second port in Kenya appears in sight following the assurance last week that Lamu port project is on course and ahead of time. Read more »
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Kenya: Credit Referencing On the Spot Over Wrong Info
The credit referencing debate is still heating up in Kenya with the current reference bureaus facing several litigations over claims of blacklisting even good borrowers. Read more »
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Kenya: Addis and Nairobi Sign Trade Pacts
Trade ties between Kenya and Ethiopia could strengthen further in light of an aggressive marketing campaign driven by newly installed Ethiopian Prime Minister Ato Hailemariam... Read more »
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Kenya: World Bank Gives Kenya U.S. $40 Million
The World Bank has approved a total of $40m to support Kenya's public-private partnership project an official of the bank has said. Read more »
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Kenya: Chartis Reverts to AIG
Two years after American multinational American International Group (AIG) Insurance unveiled the Chartis Insurance corporate identity, the company has reverted back to AIG... Read more »
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Kenya: Firm to Invest U.S. $100 Million in Wind Power
Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the... Read more »
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Uganda/Kenya: Ugandan Shines in the Kenya Premier League
Uganda will miss the services of diminutive Gor Mahia Striker Daniel Sserunkuma who was ruled out of the CECAFA Senior Challenge Cup currently being played in Uganda. Read more »
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Kenya: Kenya Tax Revenues Drop
The Kenyan taxman missed the revenue target for the first quarter of the 2012/13 financial year by $524 million prompting fears over the feasibility of the $11.7b expected for... Read more »
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Kenya: Telecom Firm Completes Expansion
Bharti Airtel, a telecommunications services provider with operations in 20 countries across Asia and Africa, has said that it has undertaken an end-to-end network transformation... Read more »
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Uganda: EAC Urged to Learn From Electoral Errors
Uganda's Electoral Commission Chairman Eng. Dr. Badru Kiggundu has urged East African Community (EAC) partner states to learn from each other and emulate best lessons with a view... Read more »
November 19
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East Africa: Region Reacts to Obama's Win
Barack Obama's step-grandmother led celebrations in his ancestral Kenyan homeland today as he rolled to re-election and a second term in the White House. Read more »
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Kenya: Safaricom Makes 94 Percent Profits
East and Central Africa's biggest company by profitability, Safaricom has announced a 94% jump in profits posting a net profit of $91.7 million for the first half of the year. Read more »
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Kenya: UAP Holdings Lists on the NSE
UAP Holdings Limited has joined a list of Kenyan firms seeking to list on the Nairobi Securities Exchange (NSE). Read more »
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Kenya: General Electric to Construct Wind Power Plant
Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the... Read more »
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Kenya: Equity Bank Records U.S. $137.6 Million Profit
Kenya's Equity Bank Group braved a tough third quarter to register a $137.6 million profit translating to a 30% rise from the same period last year. Last year the group registered... Read more »
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Kenya: Nairobi Gets Fast Train System
Kenya inched closer to achieving its dream of an ultra-modern metropolitan rail transport system with the official launch of the Syokimau Commuter Railway station. Read more »
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Kenya: Airport Development Plan to Kick Off in June
The much awaited construction of the second runway at Kenya's Jomo Kenyatta International Airport (JKIA) will start in June next year. Read more »
November 12
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Kenya: Banks Face Pressure as Commercial Bank Rate Dips
Banks in Kenya will come under more increased pressure to lower their lending rates after a move by the Central Bank of Kenya (CBK) to further reduced the basic rate. Read more »
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Kenya: Unclaimed Assets Take-Over Plan Queried
A constitutional decision to surrender to government all unclaimed assets from various companies hit a snag last week following threats of litigation from various interested... Read more »
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Kenya: Workers' Strike Grounds Operations at Mombasa
Operations at the port of Mombasa have been grounded following a biting strike that kicked off last week over dishonored employment terms between the management and staff. Read more »
November 6
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Kenya: Kenya Discovers More Oil
Kenya inched closer to joining the league of Africa's oil producing countries with an announcement by British explorer Tullow that it had discovered another well in the sun... Read more »
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Kenya: Nairobi to Overhaul Transport System
Kenya's capital Nairobi is headed for a transport overhaul following the start the creation of a city railway train system. Read more »
November 5
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Kenya: Nairobi Hotels to Gain From Insurance
Kenya's flourishing hospitality industry will benefit from revolutionary insurance product that aims to lump all inherent risks into one cover. Read more »
October 30
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Kenya: Kenya Treasury Contains Banks Over Interest Rates
Commercial banks operating in Kenya are facing a fresh backlash over their reluctance to lower interest rates, this time from the most unlikely of quarters, the Treasury. Read more »
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Kenya: Kenya Regulator Checks SMS Bid Ahead of Elections
The Communications Commission of Kenya (CCK) has announced stringent rules to govern sending of bulk SMS as Kenyans ahead to the polls in about five months. Read more »
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