/-/539444/539444/-/rdynki/-/index.html http://www.businessdailyafrica.com/State+agencies+fail+to+spend+budget+billions+as+year+closes+/-/539546/1409904/-/smjxhgz/-/index.html Key government departments failed to spend the billions of shillings allocated to them in the national budget leaving the economy without the financing steam to power growth. 2012-05-20T16:03:14Z http://www.businessdailyafrica.com/Corporate+News/End+of+an+era+as+Ali+exits+Postal+Corporation+/-/539550/1409900/-/tonmdlz/-/index.html The search for a new postmaster general begins in earnest on Monday when the Ministry of Information names an acting chief executive for the Postal Corporation of Kenya (PCK) and calls in applications from those interested in the company’s top job. 2012-05-20T16:01:24Z http://www.businessdailyafrica.com/America+plots+to+counter+China+in+EAC+with+new+pact++/-/539546/1409890/-/tdmfjy/-/index.html Kenya and other East Africa economies could witness a huge inflow of investment and development support as the US moves to counter the gains made by surging Asian nations such as China and India. 2012-05-20T15:56:15Z http://www.businessdailyafrica.com/High+interest+rates+depress+mortgage+sales+/-/539552/1409882/-/4p46mxz/-/index.html A steep rise in interest rates has slowed down mortgage sales leaving key homes market players such as Housing Finance with a 39 per cent drop in sales in the first quarter of the year. 2012-05-20T15:52:23Z http://www.businessdailyafrica.com/VAT+refund+arrears+pile+despite+Kibaki+order+/-/539546/1409880/-/14d0mejz/-/index.html Unpaid value added tax (VAT) refunds have nearly doubled in the past two years despite a presidential directive to the Treasury that it pays the money promptly to enhance companies’ cashflow. 2012-05-20T15:48:12Z http://www.businessdailyafrica.com/Value+addition+spurs+trade+in+cassava+/-/539546/1409876/-/15uhdp7z/-/index.html A not-for-profit group, Farm Concern International, is seeking to boost value addition for cassava, which the poor largely consume as subsistence food, across the region. 2012-05-20T15:47:12Z http://www.businessdailyafrica.com/Treasury+falls+short+of+third+quarter+tax+target+by+Sh48bn+/-/539546/1409874/-/hag1mkz/-/index.html The Treasury fell short of revenue collection target by Sh47.7 billion at the end of the third quarter of the 2011/12, an official report issued at the weekend shows. 2012-05-20T15:46:25Z http://www.businessdailyafrica.com/Disputes+loom+as+House+picks+EALA+members++/-/539546/1409870/-/1f9p5s/-/index.html Parliament will next week elect nine nominees to the East African Legislative Assembly (EALA) for the first time, an exercise that is likely to test partisan political strengths following recent shifts in loyalties. 2012-05-20T15:45:22Z http://www.businessdailyafrica.com/Corporate+News/KCB+Barclays+chiefs+buy+shares+in+their+banks+/-/539550/1409828/-/a2cxe5z/-/index.html Mr Mohammed bought 296, 000 currently worth Sh4 million while Mr Oduor-Otieno acquired 509,180 shares now valued at Sh12 million 2012-05-20T15:08:14Z http://www.businessdailyafrica.com/Corporate+News/KenGen+seeks+investors+for+a+Sh57bn+gas+fired+power+plant+/-/539550/1409826/-/l5k4yx/-/index.html Kenyan Electricity Generating Company, KenGen plans to raise funds from private investors for a $686 million (Sh57.8bn) gas-fired power plant to run on imported liquefied natural gas (LNG), Managing Director Eddy Njoroge said on Friday. 2012-05-20T15:06:13Z http://www.businessdailyafrica.com/Corporate+News/NSSF+strikes+deal++with+State+on+bank+board+positions++/-/539550/1409748/-/grubw4z/-/index.html The National Social Security Fund (NSSF) avoided a showdown with the government over the appointment of three directors at KCB Group after it was promised a seat that will fall vacant next year. 2012-05-20T13:47:47Z http://www.businessdailyafrica.com/Corporate+News/Indian+firm+targets+cancer+patients+with+Sh640m+Nairobi+unit+/-/539550/1409746/-/fjv3d7z/-/index.html An Indian multinational, RJ Corporation, has set up a Sh640 million diagnostic facility, targeting the rising heart and cancer patients in Kenya. 2012-05-20T13:46:02Z http://www.businessdailyafrica.com/Corporate+News/Kenya+Airways+eyes+eight+other+routes+after+new+planes+purchase+/-/539550/1409744/-/145rqn9/-/index.html Kenya Airways (KQ) is expected to launch operations in eight other destinations this financial year after it acquires new aircraft to facilitate its expansion plans. 2012-05-20T13:43:55Z http://www.businessdailyafrica.com/Opinion+++Analysis/Lessons+from+revocation+of+CCK+boss+appointment+/-/539548/1409742/-/1otqjc/-/index.html In the past, the executive arm of government has gotten away with suspect, unpopular, and sometimes out-rightly illegal appointments to key positions in parastatals and other public institutions. 2012-05-20T13:35:57Z http://www.businessdailyafrica.com/Opinion+++Analysis/Job+appraisal+is+not+for+the+faint+hearted+/-/539548/1409736/-/12gaxltz/-/index.html It is one of the most challenging aspects of management as it requires a fair amount of wisdom, fortitude and a steely resolve to stand by your rating despite the remorseful or downright resentful eyes of your subordinates sitting before you. 2012-05-20T13:07:32Z http://www.businessdailyafrica.com/Opinion+++Analysis/Tough+task+of+steering+regulatory+agency+/-/539548/1409734/-/l0e47jz/-/index.html No sector can flourish without standards, rules, and procedures. It would be like a game with neither rules nor a referee. Regulating agencies “watch over” to avert chaos. 2012-05-20T12:56:42Z http://www.businessdailyafrica.com/Opinion+++Analysis/The+case+for+localising+executive+training+/-/539548/1409730/-/gix4s8z/-/index.html The advantage of tailor-making the EMBA programme this way is that strategic and operational issues of direct relevance to the Kenyan and African contexts are captured. 2012-05-20T12:51:32Z http://www.businessdailyafrica.com/Opinion+++Analysis/Partnerships+can+help+solve++maternal++health+problems+/-/539548/1409728/-/8bul6lz/-/index.html Maternal deaths are on the rise and continue to be the top killer of women in Kenya. The necessity of safe motherhood services everywhere is key because maternal health goes beyond complications at childbirth. 2012-05-20T12:47:30Z http://www.businessdailyafrica.com/New+banking+rules+to+reward+good+borrowers+/-/539552/1409718/-/pdlcuq/-/index.html Commercial banks will be required to share information on good borrowers in addition to blacklisting debt defaulters, in new rules that could reward customers with cheaper loans. 2012-05-20T11:55:45Z http://www.businessdailyafrica.com/Change+in+law+raises+competition+/-/539552/1409708/-/w5t2us/-/index.html Commercial banks will be compelled to publish their lending rates in new rules expected to raise competition for borrowers by revealing to them the cost of credit across the sector. 2012-05-20T11:43:10Z http://www.businessdailyafrica.com/CBK+battles+to+calm+market+as+shilling+weakens+/-/539552/1409700/-/enmre1z/-/index.html The Central Bank is expected to step up its presence in the currency market this week to cushion the shilling from a possible slide to 85 units to the dollar. 2012-05-20T11:38:21Z http://www.businessdailyafrica.com/Judge+to+rule+on+Muthokas+case+against+CMA+next+month+/-/539552/1409698/-/ikl0snz/-/index.html Constitutional and human rights judge Isaac Lenaola will rule on June 22 whether or not to commit the Capital Markets Authority (CMA) chairman Kung’u Gatabaki and six directors of CMC Group to civil jail for alleged contempt of court. 2012-05-20T11:35:43Z http://www.businessdailyafrica.com/Tough+times+for+Stars+in+race+to+replace+Oliech+and+Mariga+/-/539444/1409694/-/ks8tya/-/index.html With the qualifiers for the 2013 Africa Cup of Nations and 2014 World Cup just two weeks away, a crisis is building within Kenya’s national soccer team, Harambee Stars, over the availability of key players. 2012-05-20T11:33:58Z http://www.businessdailyafrica.com/Reward+your+key+staff+with+invention+rights/-/539444/1409676/-/11d4rkm/-/index.html Talented staff know that demand for them is high and will not stay with one business for long while they know they can get a better offer elsewhere. It is, therefore, important that once an organisation identifies talent, it take steps to lock them in. 2012-05-20T11:13:02Z http://www.businessdailyafrica.com/Nepotism+will+stifle+growth+and+kill+your+firm+/-/539444/1409672/-/ghuindz/-/index.html There is no doubt that being a close-knit family endows great advantages in the early stages of a business. You get unity of purpose, bonding, and might even save on salary costs as you get your firm established. But once you are past that stage, you need to look beyond the bloodline. 2012-05-20T11:09:10Z