News : Business

8 reasons why this serviced apartment offers the best living experience

Serviced apartments are not just limited to business people, anyone can appreciate this kind of living. (Business Daily Africa)

Looking forward to a bountiful bookish weekend

It’s bountiful weekend for books, authors and fascinating conversations about literature. (Business Daily Africa)

Billionaire Rai loses court fight to buy ARM Cement

Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. (Business Daily Africa)

How unsuspecting investors bought Mumias shares

KCB Group, the receiver, failed to disclose the material development immediately as required by Kenya’s securities law. (Business Daily Africa)

Treasury rejects SRC push for Moi, Kibaki pay cuts

The SRC said Kenya would save Sh8.5 billion annually through cuts aimed at curbing the ballooning public sector wage bill. (Business Daily Africa)

Kenya Railways kicks off search for new boss

Candidates must have 15 years working experience in public service or in a large and reputable organisation. (Business Daily Africa)

Declining quality of tea blamed on factory rivalry

The declining quality, say tea buyers, has negatively impacted the competitiveness of Kenya’s tea, hence reducing demand. (Business Daily Africa)

Kenya ranked 3 globally on trade growth potential

Kenya is ranked third out of 66 economies showing best potential in future trade growth. (Business Daily Africa)

Has God really given up on Manchester?

Manchester Happened is an easy read and because it is in the form of short stories, it is the perfect book to get into if you can only read in short spurts due to a busy schedule. (Business Daily Africa)

How TV has affected the way golf is played

Many golf purists consider the match play format the “purest form of golf”. (Business Daily Africa)

‘Deep State’ could be more fact than fiction

‘Deep State’ is a spy thriller series that premiered late last year. (Business Daily Africa)

The Rolls-Royce that once delivered milk before restoration

The Rolls-Royce marque is undoubtedly the consummate symbol of British engineering excellence and luxury throughout the world. (Business Daily Africa)

State rekindles hope for national art gallery

How often have Kenyan artists had their expectations lifted high in the hope that they’d at last be taken seriously and get their own National Art Gallery? (Business Daily Africa)

Poet and pianist blend artistic magic on Goethe stage

It was a stroke of genius to put Sitawa Namwalie and Atieno Oduor together on last Wednesday night’s Artistic Encounters. (Business Daily Africa)

Shiro’s niece to the rescue as I prepare presentation looms

This is week three in my new job, and I feel like there is so much expected from me. (Business Daily Africa)

KCB staff fraud nearly triples as 894 cases reported

KCB Group says internal fraud attempts hit 894, nearly tripling from previous year’s 574 cases. (Business Daily Africa)

ARM Cement Tanzania unit sold for Sh12 billion

A leading Chinese company has bought Athi River Mining (ARM) Cement’s Tanzania subsidiary. (Business Daily Africa)

Sanlam plans job cuts to stay afloat

Some staff are expected to walk away almost empty-handed. (Business Daily Africa)

Why Kenya insurance industry sees data as the game changer

The insurance industry is critical for continuity of socio-economic activities. (Business Daily Africa)

Eyes on Uhuru as MPs approve law on rate cap

Members of Parliament have approved a bill that entrenches bank interest rate caps. (Business Daily Africa)

Africa Spirits seeks to re-open factory

ASL says the closure of the company for the last six months has caused the Kenya Revenue Authority (KRA) to lose over Sh1.2bn in tax. (Business Daily Africa)

Treasury scraps benchmarking trips

State officials will have to use internet calls and forgo all benchmarking trips. (Business Daily Africa)

Joho wins first round in battle for control of Mombasa port

Mombasa County is seeking to run operations the port. (Business Daily Africa)

US targets assets of more Kenyans over terror links

United States President Donald Trump's administration has imposed sanctions on several Kenyans over alleged support to terrorist groups. (Business Daily Africa)

A strong case for dropping CBR as monetary policy tool

Advent of loan capping has rendered the rate ineffective. (Business Daily Africa)

Nigeria: How Former Chief Justice Helped UK Firm Win U.S.$9.6 Billion Judgment Against Govt

[Premium Times] For the former Chief Justice, it was all business. (AllAfrica)

Nigeria: Six Nigerian Undergraduates Found With 'U.S. Security' Documents Convicted

[Premium Times] A Federal High Court judge in Abuja on Friday convicted six undergraduates for internet related offences. (AllAfrica)

Mozambique: Third Credit Suisse Banker Pleads Guilty

[AIM] Maputo -Surjan Singh, the third of the three former executives of Credit Suisse, charged by the US justice authorities in connection with the scandal of Mozambique's "hidden debts", has pleaded guilty to one count of conspiracy to commit money laundering, according to a report by the Portuguese news agency Lusa. (AllAfrica)

Africa: AfDB's Solar Project Aims At Making Africa a Renewable Power House

[IPS] United Nations -When UN Secretary-General Antonio Guterres launched the International Solar Alliance last October, he applauded the goal of mobilizing about $1 trillion dollars towards the deployment of some 1,000 gigawatts of solar energy by 2030. (AllAfrica)

Ethiopia: Interpol Say Victims of Ethiopian Airlines Crash Successfully Identified

[East African] Six months after the Ethiopian Airlines crash that killed 157 people, families of victims of the crash may have closure after the International Criminal Police Organization on Thursday said it had helped identify all human remains. (AllAfrica)

Africa: How Can African Continental Free Trade Area Deliver a Made in Africa Reality?

[East African] On July 6-7, 2019 I was in Niamey both for the pre-Summit Business Forum and for the African Union's Extra-Ordinary Summit to celebrate the first Anniversary of the Signing of the African Continental Free Trade Area (AfCFTA) and launch of its operational phase. What is the outlook for the World's largest single market? (AllAfrica)