by Hope Media | Jan 17, 2017 | BUSINESS NEWS
Kenya Railways Corporation (KR) has come to the defence of the construction of the Standard Gauge Railway following concerns over the cost compared to other railway projects in the continent. The Corporation Managing Director Atanus Maina says the Standard Gauge...
by Hope Media | Jan 11, 2017 | BUSINESS NEWS
The National Treasury is pushing to have the 2017/2018 budget estimates approved by Parliament by March. This marks a shift from the traditional budget making process that saw the National Assembly approve government expenditure in April. Mr Rotich however clarified...
by Hope Media | Jan 11, 2017 | BUSINESS NEWS, news
Central Bank officials blame speculators for the slide in the currency of East Africa’s largest economy, and told bankers to let the shilling be guided by market fundamentals, the people said. The Central Bank’s stance is that the more people comment on the currency’s...
by Hope Media | Jan 10, 2017 | BUSINESS NEWS, news
Kenya Airways is set to lay off 38 staff members as phase two of right-sizing kicks off on Tuesday. The move follows the decision the firm made in March last year when it announced a right sizing exercise through staff redundancies and redeployment that will affect...
by Hope Media | Jan 9, 2017 | BUSINESS NEWS, news
Egypt pound has strengthened slightly at banks as demand for dollars slightly goes down. A dollar was being exchanged for around 18 pounds down from around 19 a week ago at most banks. This also saw banks paying clients around 17.8 per dollar. Most banks have been...
by Hope Media | Jan 9, 2017 | BUSINESS NEWS
Setting up an oil refinery remains a big headache for the country’s oil and gas resources Optimism is the mood as the countdown to Uganda’s first oil continues and pressure mounts on the government to put in place critical infrastructure necessary for oil...
