/-/539552/539552/-/4mvsag/-/index.html http://www.businessdailyafrica.com/Kenya-poverty-level-is-down-to-38-per-cent-says-World-Bank-/-/539552/1886338/-/hboscsz/-/index.html Kenya’s success in becoming a middle-income country hangs on the nation’s ability to grow its exports and decrease poverty, the World Bank economists said Monday. 2013-06-17T18:03:10Z http://www.businessdailyafrica.com/Kenya-public-debt-to-hit-Sh2-trillion-in-three-years-time-/-/539552/1886080/-/d855i4z/-/index.html The Treasury has projected that Kenya’s public debt will hit Sh2.4 trillion in the next three years, equivalent to a growth of Sh520 billion from the current level. 2013-06-17T16:16:50Z http://www.businessdailyafrica.com/Local-ownership-rule-scaring-foreign-investors-says-World-Bank/-/539552/1886058/-/2v4hj4/-/index.html A requirement by the government for foreign investors to partner with locals while setting up businesses has slowed down inflow of international investments, the World Bank has said. 2013-06-17T15:58:49Z http://www.businessdailyafrica.com/Credit-rating-firms-raise-the-red-flag-over-borrowing/-/539552/1886022/-/3c1gd1/-/index.html Rating agencies have said that Kenya’s borrowing risk profile could increase should the government continue adding on debt. 2013-06-17T15:41:42Z http://www.businessdailyafrica.com/UK-oil-firm-opens-Nairobi-office-to-tap-regional-deals-/-/539552/1886002/-/fjejow/-/index.html London-based oil and gas exploration and production company, Delonex Energy, has opened a regional office in Nairobi to tap into the mineral boom in eastern and central Africa. 2013-06-17T15:35:04Z http://www.businessdailyafrica.com/Kenya-Airways-share-holds-firm-after-loss-/-/539552/1885982/-/1081amtz/-/index.html The Kenya Airways share was stable in Monday’s trading after announcing a record annual loss on Friday and failing to pay a dividend for the first time in 14 years. 2013-06-17T15:28:23Z http://www.businessdailyafrica.com/Kenya-shilling-hits-13-week-low--shares-extend-slide/-/539552/1885976/-/12pt4dtz/-/index.html The Kenyan shilling slipped to a 13-week low on Monday and shares fell for the seventh straight session, to track weaker emerging markets due to uncertainty surrounding global monetary stimulus programs. 2013-06-17T15:27:17Z http://www.businessdailyafrica.com/World-Bank-projects-5-7pc-growth-for-Kenya/-/539552/1885344/-/122xqqe/-/index.html The World Bank projects that the Kenyan economy will grow by 5.7 per cent in 2013 supported by higher investment and low interest rates. 2013-06-17T07:31:57Z http://www.businessdailyafrica.com/Treasury-huge-funding-gap-points-to-higher-cost-of-loans/-/539552/1884984/-/sm64ev/-/index.html Treasury secretary Henry Rotich’s revenue plans left the biggest financing gap ever in the national Budget, setting the government up for heavy borrowing that could reverse the recent drop in the cost of loans. 2013-06-16T15:22:12Z http://www.businessdailyafrica.com/NSE-drops-to-third-place-on-Merrill-Lynch-frontier-index/-/539552/1884804/-/sr71lxz/-/index.html The Nairobi Securities Exchange has dropped to third place in the Merrill Lynch global frontier markets index, but continues to be among the most attractive markets to invest in halfway down the year. 2013-06-16T12:50:53Z http://www.businessdailyafrica.com/Capital-gains-tax-seen-as-threat-to-markets/-/539552/1884786/-/9phckh/-/index.html The proposed capital gains tax could stifle growth of the real estate sector and the stock market if it is too high, experts have warned. 2013-06-16T12:39:34Z http://www.businessdailyafrica.com/Commodities-exchange-takes-shape/-/539552/1884776/-/hqshlf/-/index.html The Cabinet has approved new laws setting up a market for trading of commodities and currencies. 2013-06-16T12:25:04Z http://www.businessdailyafrica.com/PE-firm-invests-Sh200m-in-public-transport-companies/-/539552/1884766/-/j5xgx1/-/index.html A private equity fund has invested nearly Sh200 million in two mid-sized enterprises involved in public transport, shining light on the sector which has been dogged by the high risk of accidents. 2013-06-16T12:10:33Z http://www.businessdailyafrica.com/Comesa-agency-digs-in-amid-row-over-merger-deals/-/539552/1884752/-/bwehs9/-/index.html The competition regulatory agency for the Comesa has warned that companies which enter into cross-border mergers and acquisitions without its approval face heavy penalties 2013-06-16T11:59:59Z http://www.businessdailyafrica.com/Kenyan-shilling-falls--stock-market-slide-persists/-/539552/1883214/-/f4hus1/-/index.html The Kenyan shilling fell to an 11-week low on Friday as expected support from the central bank failed to materialise and a week-long share sell-off persisted. 2013-06-14T15:44:12Z http://www.businessdailyafrica.com/Cortec-Mining-to-build-Sh12-8bn-factory-/-/539552/1882130/-/158j4v2z/-/index.html Cortec Mining Kenya Ltd is set to build a factory in Mrima Hill in Kwale County for processing of niobium and other rare earths, bringing the Sh12.8 billion project closer to realisation. 2013-06-13T16:14:30Z http://www.businessdailyafrica.com/-/539552/1882086/-/2cwbksz/-/index.html East African Breweries Limited (EABL) has lost its place as the NSE’s most valuable firm to Safaricom, following successive weeks of share price decline. 2013-06-13T15:59:23Z http://www.businessdailyafrica.com/Kenya-shilling--loses-on-high-dollar-demand--/-/539552/1882058/-/bip8jf/-/index.html The shilling has been weakening in the past four days, losing nearly 50 cents at each day’s market opening times. 2013-06-13T15:51:20Z http://www.businessdailyafrica.com/-/539552/1881610/-/2cwvdlz/-/index.html Britain's markets watchdog is holding talks with "relevant parties" over allegations of foreign exchange market manipulation by banks, a spokesman said on Thursday. 2013-06-13T09:27:53Z http://www.businessdailyafrica.com/Why-CMA-stopped-AccessKenya-from-trading-/-/539552/1880942/-/b5o6f1z/-/index.html On May 6, 2013, AccessKenya informed the Capital Markets Authority (CMA) of the service of the Notice of Intention to make a takeover offer from Dimension Data Group Plc. 2013-06-12T16:56:15Z http://www.businessdailyafrica.com/CMA-targets-county-bonds-with-new-guidelines-/-/539552/1880866/-/hln4l1/-/index.html The capital markets regulator is drafting a manual for county governments to be used in assessing their applications to raise money from the public to finance construction of key infrastructure such as sewerage and roads. 2013-06-12T16:06:51Z http://www.businessdailyafrica.com/Treasury-to-get-Sh7bn-dividend-from-listed-companies-/-/539552/1880856/-/158bwva/-/index.html The government is set to get a Sh7 billion boost in revenue collection following growth in dividend paid out by listed companies in which it holds shares. 2013-06-12T15:54:15Z http://www.businessdailyafrica.com/Banks-lose-out-to-saccos-on-lucrative-youth--women-loans-/-/539552/1880830/-/bc9uw5/-/index.html Commercial banks could be big losers following a recommendation by Parliament locking them from distributing the multi-billion shilling government enterprise funds to women and the youth. 2013-06-12T15:39:45Z http://www.businessdailyafrica.com/KQ-share-drops-to-one-year-low-ahead-of-results-/-/539552/1880820/-/13j6ysyz/-/index.html Kenya Airways’ share has dropped to a one-year low ahead of Friday’s announcement of annual results. 2013-06-12T15:33:21Z http://www.businessdailyafrica.com/Sale-of-State-assets-clouded-by-budget-cut/-/539552/1879614/-/ylom5c/-/index.html A cut by Parliament on the annual budget for the Privatisation Commission could see the pace of sale of key government assets slow down. 2013-06-11T16:33:53Z