/-/539444/539444/-/rdynki/-/index.html http://www.businessdailyafrica.com/Treasury+bails+out+City+Hall+/-/539546/1410812/-/d8cukj/-/index.html The Nairobi City Council has defaulted on the Sh212 million loan it borrowed from the United States Agency for International Development (USAID), forcing taxpayers into a multi-million shilling bail-out that uncovers the depth of City Hall’s financial troubles. 2012-05-21T18:26:18Z http://www.businessdailyafrica.com/High+CBK+rate+slows+down+uptake+of+new+bank+loans+/-/539552/1410810/-/ufyushz/-/index.html Banks have recorded restrained growth in their loanbooks with leading lenders showing a zero to six per cent growth, according to published first quarter results. 2012-05-21T18:24:58Z http://www.businessdailyafrica.com/Corporate+News/Cheaper+holiday+rates+lift+Indian+tourist+arrivals+/-/539550/1410806/-/kjdcbo/-/index.html Indian tourists have exploited the low tourist season, which offers cheaper holiday rates to grow arrivals by 15.2 per cent, effectively dislodging France as Kenya’s fifth tourist source market in the first quarter of the year. 2012-05-21T18:23:47Z http://www.businessdailyafrica.com/Corporate+News/PSC+invites+applications+for+lands+team+jobs+/-/539550/1410804/-/c871pwz/-/index.html The Public Service Commission (PSC) has begun hiring the officials of the National Land Commission, the body tasked with managing public land on behalf of national and county governments. 2012-05-21T18:22:46Z http://www.businessdailyafrica.com/Ban+flood+irrigation+parliamentary+team+asks+State+/-/539546/1410800/-/ljy83cz/-/index.html A parliamentary committee has threatened to block all funding to the National Irrigation Board (NIB) in a push to phase out flood irrigation. 2012-05-21T18:20:05Z http://www.businessdailyafrica.com/Corporate+News/Nock+slashes+petrol+price++by+Sh2+a+litre+/-/539550/1410798/-/2tch2mz/-/index.html State-owned National Oil Corporation of Kenya has reduced pump prices by Sh2 per litre as it seeks to counter market leader KenolKobil which is offering discounts on both premium and diesel. 2012-05-21T18:18:59Z http://www.businessdailyafrica.com/House+team+seeks+more+cash+for+ministry+in+2013+Budget+/-/539546/1410796/-/y63ienz/-/index.html The Local Government ministry is seeking additional funds to clear its debts including Sh659 million owed to contractors who built the Sh1 billion Muthurwa hawkers market in Nairobi. 2012-05-21T18:18:05Z http://www.businessdailyafrica.com/Sale+of+26+State+firms+faces+delay+in+busy+House+/-/539546/1410794/-/jlm7iq/-/index.html The privatisation of 26 state firms — which has stalled since 2010 — could face further delays due to the heavy parliamentary agenda because nominees have to be vetted. 2012-05-21T18:17:12Z http://www.businessdailyafrica.com/Corporate+News/Postal+corporation+picks+Ali+replacement+/-/539550/1410718/-/tt4ydsz/-/index.html The Postal Corporation of Kenya (PCK) on Monday picked the head of its financial services division to act as chief executive — bringing to an end the tenure of former police commissioner Hussein Ali as postmaster-general. 2012-05-21T17:56:56Z http://www.businessdailyafrica.com/Corporate+News/Yu+tests+local+owners+faith+with+Sh2bn+demand+/-/539550/1410714/-/5it7ayz/-/index.html Essar Telecom has requested its local shareholders and its parent company, Essar Group, for a Sh10.5 billion capital injection to starve off a liquidity crisis in what will test the faith of Kenyan investors in the company. 2012-05-21T17:55:20Z http://www.businessdailyafrica.com/pressure+on+planners+to+fix+Ugandas+sugar++/-/539546/1410704/-/r7sad0z/-/index.html Uganda will need three more years to produce enough sugar to surpass its consumption needs, going by available statistics. But this will only come to pass if the country applies the right interventions to fix both internal and external bottlenecks; 2012-05-21T17:46:24Z http://www.businessdailyafrica.com/Opinion+++Analysis/Should+services+to+non+residents+be+taxed/-/539548/1410690/-/akxbou/-/index.html Businesses in Kenya providing services to non-residents face uncertainty as to whether such services are considered exports and thus zero-rated as far as Value Added Tax (VAT) goes. 2012-05-21T17:38:52Z http://www.businessdailyafrica.com/Opinion+++Analysis/Global+rebellion+is+taking+shape+/-/539548/1410688/-/feaif9/-/index.html A wave of political rebellion seems to be sweeping the globe. The rebellion is not just in Asia, Africa, and Latin America which are used to grumbling about the International Monetary Fund’s dictates, it is also increasingly clear in Europe. 2012-05-21T17:38:45Z http://www.businessdailyafrica.com/Opinion+++Analysis/Recruit+next+head+of+Postal+Corporation+competitively+/-/539548/1410682/-/5xn38i/-/index.html The exit of postmaster-general Maj Gen (Rtd) Hussein Ali from the Postal Corporation will give the organisation a chance to competitively pick its chief executive. 2012-05-21T17:36:52Z http://www.businessdailyafrica.com/Opinion+++Analysis/Emerging+markets+gain+from+Africa+as+the+West+slumbers++/-/539548/1410644/-/4w9uqw/-/index.html With so much volatility in today’s world and so many domestic distractions for the Western governments that have traditionally done so much to contain it, individual emerging markets will need more than strength if they are to fully emerge. 2012-05-21T17:26:33Z http://www.businessdailyafrica.com/KCB+eyes+diaspora+cash+with+investment+scheme+/-/539552/1410622/-/43fbta/-/index.html KCB Group seeks to attract diaspora cash through an online investment scheme that is targeting remittances from East Africans living abroad. 2012-05-21T17:15:29Z http://www.businessdailyafrica.com/Import+bill+rise+renews+pressure+on+the+shilling+/-/539552/1410606/-/q0fwrpz/-/index.html The gap between Kenya’s earnings from exports and the national import bill widened to a Sh290.1 billion deficit as at the end of March, putting renewed pressure on the shilling, which has sunk to a three-month low. 2012-05-21T17:02:35Z http://www.businessdailyafrica.com/Kenya+Airways+share+rises+on+Virgin+Atlantic+exit+plan++/-/539552/1410590/-/oc7c6q/-/index.html The Kenya Airways share has gained by more than a tenth since last week’s announcement by Virgin Atlantic that it plans to exit the Nairobi-London route. 2012-05-21T16:45:54Z http://www.businessdailyafrica.com/Pension+schemes+get+lift+from+stock++market+resurgence+/-/539552/1410574/-/qyhwf/-/index.html Retirement schemes have recorded a 10.9 per cent gain in stock market investments in the first three months of the year, helped by a steady recovery of the bourse since January. 2012-05-21T16:38:00Z http://www.businessdailyafrica.com/Indigenous+chicken+farmers+trained+to+boost+production+/-/1248928/1410566/-/14tfqup/-/index.html The Livestock Development ministry is stepping up efforts to promote indigenous poultry keeping in Western Kenya. 2012-05-21T16:30:07Z http://www.businessdailyafrica.com/ensure+that+customers+needs++are+your+focal+point++/-/1248928/1410560/-/qgnl0s/-/index.html The reason you are in business is the customer and his needs. Without the customer you would not be in business. He must thus remain the focal point of your operation from day one. 2012-05-21T16:22:56Z http://www.businessdailyafrica.com/Invest+in+non+financial+services+/-/1248928/1410548/-/ir1dejz/-/index.html Although finance plays a key role, it is, however, not the main source of challenges that plague many businesses. Business Development Services (BDS), though relegated to the back seat by many entrepreneurs are as important to entrepreneurial success as finance. 2012-05-21T16:16:37Z http://www.businessdailyafrica.com/Coffee+tasting+helps+farmers+lift+quality/-/1248928/1410534/-/dvh9byz/-/index.html Daniel Kibue Wairagu always dreamt of becoming an engineer, more so in the construction industry. Little did he know that he would end up as a quality assurance officer at the Othaya Coffee Mill. 2012-05-21T16:06:56Z http://www.businessdailyafrica.com/Women+group+turns+hyacinth+curse+into+flowering+business+/-/1248928/1410516/-/13csi37z/-/index.html Even as the fishermen of Lake Victoria curse the invasion of the water hyacinth, which has reduced their catch, the Dala Rieko Women’s Group is busy counting its blessings instead. 2012-05-21T15:59:22Z http://www.businessdailyafrica.com/-/1248928/1410496/-/15r7saaz/-/index.html It’s a lazy Monday morning and to brighten it up, I go through Jamila’s (a co-founder of mFARM) Facebook timeline to see what is in store. 2012-05-21T15:48:16Z