/Corporate-News/-/539550/539550/-/1565as2/-/index.html http://www.businessdailyafrica.com/Corporate-News/ICT-summit-to-chart-way-for-digital-services-in-county-govts/-/539550/1855650/-/790c83z/-/index.html Stakeholders in the ICT industry converge in Mombasa next week to take stock of Kenya’s developments in the technology scene and develop a strategy to deepen digitisation of government operations. 2013-05-17T14:16:20Z http://www.businessdailyafrica.com/Corporate-News/University-of-Nairobi-set-to-expand-facilities-with-Sh2bn-tower/-/539550/1855598/-/9lg9ix/-/index.html The University of Nairobi is set to construct a 22-storey complex valued at Sh2.3 billion to meet increased demand for academic and administrative facilities at the main campus. 2013-05-17T13:45:16Z http://www.businessdailyafrica.com/Corporate-News/Dell-profits-plunge-on-PC-woes/-/539550/1855412/-/cyqcr/-/index.html US computer giant Dell said Thursday its quarterly profit plunged 79 per cent from a year ago, as a shift away from PCs hammered the company's bottom line. 2013-05-17T01:35:25Z http://www.businessdailyafrica.com/Corporate-News/Why-Safaricom-is-keen-on-growing-data-usage/-/539550/1854932/-/jx0yrkz/-/index.html Safaricom is banking on its non-voice segments such as M-Pesa and data to drive growth in the coming years. 2013-05-16T18:08:19Z http://www.businessdailyafrica.com/Corporate-News/Entrepreneur-mints-millions-from-nuts/-/539550/1854890/-/vqimfrz/-/index.html The small signboard at the entrance to Patrick Wainaina’s firm in Thika summarises his passion: “Welcome to Jungle Nuts, where we are nuts about nuts.’’ 2013-05-16T17:38:03Z http://www.businessdailyafrica.com/Corporate-News/Cotton-sector-faces-tough-task-in-bid-to-regain-former-glory/-/539550/1854860/-/h522e7z/-/index.html While stakeholders in the cotton industry are nostalgic about the success of the sector in the 1960s, a clear route to its revival is yet to be mapped out. 2013-05-16T17:19:08Z http://www.businessdailyafrica.com/Corporate-News/Two-China-firms-in-court-over-Sh350m-debt/-/539550/1854852/-/t3huhaz/-/index.html A Nairobi court has declined to strike out a case involving two Chinese firms battling over a Sh350 million debt linked to the construction of Greatwall Apartments. 2013-05-16T17:09:47Z http://www.businessdailyafrica.com/Corporate-News/NIC-starts-executive-search-after-naming-acting-chief/-/539550/1854838/-/cu0cmtz/-/index.html NIC Bank has named the executive director in charge of corporate banking as acting CEO as the lender seeks a permanent successor to James Macharia. 2013-05-16T17:03:36Z http://www.businessdailyafrica.com/Corporate-News/Cheap-deposits-boost-DTB-first-quarter-profit-/-/539550/1854824/-/38o1an/-/index.html Diamond Trust Bank’s net profit for the first quarter grew 29.7 per cent helped by cheap deposits. 2013-05-16T16:57:46Z http://www.businessdailyafrica.com/Corporate-News/CMC-postpones-shareholders-meeting-again/-/539550/1854814/-/15da91g/-/index.html Motor dealer CMC Holdings has once again delayed its annual general meeting that was set for next Friday. 2013-05-16T16:49:23Z http://www.businessdailyafrica.com/Corporate-News/Kenya-Re-to-upgrade-West-Africa-office-into-subsidiary/-/539550/1854808/-/goyed/-/index.html Kenya Re will upgrade its regional office in Abidjan, Ivory Coast, to a subsidiary by the end of the year to meet regulatory requirements. 2013-05-16T16:42:18Z http://www.businessdailyafrica.com/Corporate-News/Zuku-TV-raises-monthly-fees-by-20pc-to-lift-sales/-/539550/1854804/-/13wdf9p/-/index.html Wananchi Group, the owners of Zuku pay television, has followed in the footsteps of rival DStv and increased the monthly fees by an average of 20 per cent to lift sales. 2013-05-16T16:37:10Z http://www.businessdailyafrica.com/Corporate-News/NSSF-grows-stake-in-Bamburi-Cement/-/539550/1854800/-/o0icru/-/index.html The National Social Security Fund (NSSF) has increased its stake in Bamburi Cement to enhance its bid to reclaim a seat in the board of the cement firm. 2013-05-16T16:22:26Z http://www.businessdailyafrica.com/Corporate-News/NIC-Bank-appoints-acting-chief-after-exit-of-head-to-Cabinet/-/539550/1854386/-/homu88z/-/index.html NIC Bank has appointed the director in charge of corporate banking as acting chief executive following the appointment of its head to the Cabinet. 2013-05-16T08:42:54Z http://www.businessdailyafrica.com/Corporate-News/Former-Dubai-Bank-MD-seeks-end-of-fraud-case/-/539550/1853928/-/1lmsr6z/-/index.html Former Dubai Bank managing director has sought termination of a criminal charge against her saying the case is a fabrication by her former employer. 2013-05-15T17:53:47Z http://www.businessdailyafrica.com/Corporate-News/Cheap-deposits-lift-Co-op-bank-profit-by-33-per-cent/-/539550/1853910/-/sw94u3z/-/index.html Co-operative Bank saw a 33.8 per cent increase in first-quarter net profit as it benefited from cheaper deposits. 2013-05-15T17:24:56Z http://www.businessdailyafrica.com/Corporate-News/TransCentury-eyes-oil-projects-with-Sh1bn-deal/-/539550/1853898/-/lww3o7z/-/index.html TransCentury has invested Sh1 billion in engineering firm Civicon Group as it races to capture multi-billion shilling mining deals. 2013-05-15T17:07:03Z http://www.businessdailyafrica.com/Corporate-News/BP-makes-return-to-Kenya-after-exiting-in-2007/-/539550/1853884/-/o0297kz/-/index.html Oil major British Petroleum (BP) is set to return to the Kenyan market after exiting the country in 2007. 2013-05-15T16:38:08Z http://www.businessdailyafrica.com/Corporate-News/Boeing-resumes-deliveries-of-Dreamliner-planes/-/539550/1853598/-/12o6q5o/-/index.html Boeing delivered a Dreamliner made in its Everett plant in Washington to Japanese carrier All Nippon Airways on Tuesday, signalling that the Chicago-based company has resumed deliveries of its Dreamliners to airlines. 2013-05-15T12:22:53Z http://www.businessdailyafrica.com/Corporate-News/British-firm-Lonrho-gets-buyout-offer-double-its-market-value/-/539550/1853564/-/2djqtn/-/index.html British conglomerate Lonrho Plc, whose roots go back more than a 100 years to colonial Africa, received a buyout offer valuing the company about £175 million (Sh22.3 billion), double its market value at the close on Tuesday. 2013-05-15T11:50:12Z http://www.businessdailyafrica.com/Corporate-News/Co-op-Bank-Q1-net-profits-up-33pc-to-Sh2-61bn/-/539550/1853238/-/qf05tqz/-/index.html Co-operative Bank’s net profit for the first quarter of this year grew by a third aided by cheap deposits and increased earnings from fees and commissions. 2013-05-15T06:41:30Z http://www.businessdailyafrica.com/Corporate-News/KWS-pays-victims-of-wildlife-attacks/-/539550/1852876/-/j75wnuz/-/index.html At least 20 Elgeyo-Marakwet County families have received Sh1.9 million in compensation from the Kenya Wildlife Service for deaths and injuries. 2013-05-14T17:47:26Z http://www.businessdailyafrica.com/Corporate-News/Cross-border-trade-and-devolution-bring-prosperity-to-Busia/-/539550/1852874/-/10mntpiz/-/index.html Investors are making a beeline for Busia town, which was an epicentre of illegal cross-border trade in the 1970s. 2013-05-14T17:43:22Z http://www.businessdailyafrica.com/Corporate-News/Farmers-want-stringent-rules-put-in-place-to-vet-coffee-agents/-/539550/1852872/-/ywqcy/-/index.html Farmers in Kericho County are calling on the government to set more stringent conditions for those seeking to register as marketing agents. 2013-05-14T17:42:04Z http://www.businessdailyafrica.com/Corporate-News/Foreign-units-of-Kenyan-banks-double-profits/-/539550/1852864/-/2iu9opz/-/index.html Foreign subsidiaries of Kenyan banks more than doubled their profits in the year ended December, underlining the importance of the units to the lenders’ bottom lines. 2013-05-14T17:32:53Z