When Tullow Oil (Tullow) announced the basin opening finds in Uganda and Kenya in 2009 and 2012, oil prices were soaring and both countries were jubilant over joining Africa’s oil boom. Undaunted by the collapse in oil prices, Uganda, Kenya and their exploration partners press forward with development of their massive oil fields estimated at […]
Category: Kenya Business
Kenya: Airtel, Medanta Africare in Pact for Mobile Healthcare
Nairobi — Airtel Kenya has partnered with Medanta Africare, an outpatient health provider to launch the mHealth service that will allow customers access quality health advice from doctors through their mobile phones. The service will enable Airtel subscribers consult doctors from Medanta Africare and access relevant health care advice by calling 1525 at normal calling […]
Kenyan Stock Exchange to introduce ETFs
INDIVIDUAL investors may from the third quarter buy into a diverse number of stocks and bonds including highly priced blue chips trading at the Nairobi Securities Exchange. This will be possible through the Exchange-Traded Funds whose regulations, the Capital Markets Authority and the Nairobi Securities Exchange said yesterday, are being fast tracked. An ETF basket […]
World Bank sees Kenya’s GDP growth at 6.0 pct in 2015
Kenya is due to become one of the fastest-growing economies in east Africa, with a growth forecast of 6.0 percent in 2015 and 6.6 percent in 2016, the World Bank said on Thursday, citing falling oil prices and bigger infrastructure investments. Kenya’s economy grew by an estimated 5.4 percent in 2014, the bank said in […]
Kenya Has Africa’s Second Most Formalized Retail Economy – Nielsen
From Ventures Africa Kenya is the second most formalized retail economy in Africa after South Africa, a survey carried out by the New York Stock Exchange-listed research company, Nielsen has revealed. The consumer report focusing on five sub-Saharan Africa economies, which was released on Monday, indicates that 30 percent of Kenyans shop in proper retail […]
Oil needs to rebound to $75 to make Kenya project worthwhile – Tullow
Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil and Africa Oil to go ahead with their Kenyan project, the chief executive of Africa Oil said.CEO Keith Hill told the Reuters Africa Investment Summit he was confident that crude prices would recover to […]
Africa 118 expands to Uganda, launches InfoMoby business directory
Kenyan mobile directory startup Africa 118 has expanded its services, announcing the launch of an online business directory for Uganda, named InfoMoby. InfoMoby provides business and contact information for thousands of businesses across Uganda, including in Jinja, Kampala, Entebbe, and other key cities. Business information is sorted into categories and by location, making it easy […]
Islamic unrest continues affect Kenyan tourism industry
Photo©vastkenya.com Kenyan hotelier TPS Eastern Africa said it expects its profit for 2014 to fall by at least a quarter, mainly due to frequent attacks by Islamists that scared off tourists. The attacks caused Western governments to warn their citizens against visiting Kenya, sending tourism, one of Kenya’s top foreign exchange earner, into a slump. […]
