/-/539552/539552/-/4mvsag/-/index.html http://www.businessdailyafrica.com/NSE-drops-to-second-place-on-Merrill-Lynch-stocks-index/-/539552/1857128/-/bb4gw5z/-/index.html The NSE has dropped to second place in the Merrill Lynch global frontier markets index, which captures performance of select stock markets. 2013-05-19T12:27:10Z http://www.businessdailyafrica.com/Developing-nations-to-triple-share-in-global-investment-by-2030/-/539552/1856956/-/6mhw0jz/-/index.html Developing countries will triple their share in global investment to 60 per cent of the total by 2030, the World Bank (WB) said in a forecast released on Thursday. 2013-05-19T09:17:38Z http://www.businessdailyafrica.com/Foreign-investor-inflows-seen-supporting-Kenyan-shilling/-/539552/1855466/-/6biujkz/-/index.html The Kenyan shilling firmed slightly on Friday and traders said they expected further gains in coming days as offshore investors convert dollars to buy stocks and government bonds. 2013-05-17T09:46:11Z http://www.businessdailyafrica.com/Cost-of-public-debt-surges-to-Sh90-billion-in-one-year/-/539552/1854782/-/7chfme/-/index.html Interest payments on government debt has risen sharply in the past one year, making heavier the loan on tax payers’ shoulders. 2013-05-16T16:14:24Z http://www.businessdailyafrica.com/NIC-Bank-tops-list-of-Kenya-mid-sized-lenders/-/539552/1854774/-/udsgu1/-/index.html NIC Bank has shot to top position among Kenya’s mid-sized lenders based on market share numbers, latest rankings by the industry regulator indicate. 2013-05-16T16:04:58Z http://www.businessdailyafrica.com/EABL-becomes-first-company-to-cross-Sh300bn-valuation/-/539552/1854768/-/y3y3sez/-/index.html Beer maker EABL has become the first NSE-listed firm to surpass the Sh300 billion market valuation mark. 2013-05-16T15:55:50Z http://www.businessdailyafrica.com/CMA-probes-more-brokers-in-bonds-theft-scam/-/539552/1854728/-/hgb851/-/index.html The capital markets regulator is investigating stockbrokers suspected of involvement in trading of bonds that were allegedly stolen from the Central Bank. 2013-05-16T15:44:24Z http://www.businessdailyafrica.com/Kenya-shilling-stable-falling-rates-yen-may-weigh/-/539552/1854420/-/j0ljktz/-/index.html The Kenyan shilling held steady against the dollar on Thursday and traders said falling lending rates and a weakening Japanese yen could apply pressure. 2013-05-16T09:30:23Z http://www.businessdailyafrica.com/IMF-says-Kenya-well-placed-for-debut-Eurobond-in-Q4-2013/-/539552/1854304/-/gf5pot/-/index.html Spritely growth and falling inflation should ensure strong demand and keen pricing for Kenya's long-awaited first Eurobond, planned for later this year, helping cut its overall debt costs, the International Monetary Fund said on Wednesday. 2013-05-16T07:17:06Z http://www.businessdailyafrica.com/UK-firms-earn-billions-in-fees/-/539552/1854014/-/11e4pxcz/-/index.html UK companies with significant stakes in Kenya’s listed firms are taking home more than Sh20 billion in dividends and fees this year. 2013-05-15T18:57:01Z http://www.businessdailyafrica.com/Bank-of-Africa-buys-out-PE-fund-Kenya-stake/-/539552/1853872/-/igvwwg/-/index.html Majority shareholder of the Mali-based Kenyan subsidiary of Bank of Africa (BOA) has bought out private equity fund Aureos Capital. 2013-05-15T16:18:11Z http://www.businessdailyafrica.com/Retirement-schemes-get-lift-from-share-price-rally-at-NSE/-/539552/1853866/-/fkyvw0z/-/index.html The sustained rally in share prices at the stock market has pushed up the value of retirement schemes’ funds invested at the bourse by an average of 7.9 per cent in the first three months of the year. 2013-05-15T16:12:53Z http://www.businessdailyafrica.com/Safaricom-profit-growth-raises-valuation-to-Sh294bn/-/539552/1853854/-/gqbg1ez/-/index.html Safaricom dominated Wednesday’s trading at the stock market as investors responded positively to the company’s double-digit profit growth and increased dividend payout. 2013-05-15T15:56:08Z http://www.businessdailyafrica.com/AAR-enters-talks-for-sale-of-Sh382m-stake/-/539552/1853812/-/85m0ut/-/index.html The International Finance Corporation (IFC), the World Bank’s private sector lending arm, is set to acquire an undisclosed stake in healthcare provider AAR Group. 2013-05-15T15:39:49Z http://www.businessdailyafrica.com/Bank-of-Africa-signs-Sh2bn-deal-to-fund-expansion-retail-lending/-/539552/1853500/-/uh4p5h/-/index.html The Bank of Africa’s (BOA) foray into retail market segment has received a boost after the lender signed a loan deal with a Dutch-based lender. 2013-05-15T10:56:31Z http://www.businessdailyafrica.com/Kenya-shilling-stable--govt-spending-may-weigh/-/539552/1853376/-/ms2ppx/-/index.html The Kenyan shilling held steady against the dollar on Wednesday, but traders said it was likely to come under pressure in the second half of the month from increased government spending and lower interest rates. 2013-05-15T08:51:02Z http://www.businessdailyafrica.com/Kenyan-coffee-prices-dip-at-latest-auction/-/539552/1853276/-/vido81z/-/index.html The top price of Kenya's benchmark coffee grade AA dipped to $301 per 50kg bag from $328 at auction a week earlier, the Nairobi Coffee Exchange (NCE) said on Wednesday. 2013-05-15T07:25:20Z http://www.businessdailyafrica.com/Safaricom-breaks-record-with-Sh12b-dividend-payout/-/539552/1852954/-/7gy3ww/-/index.html Telecoms operator Safaricom was Tuesday on the path to making history – again – after it declared a Sh12.4 billion dividend to its shareholders – the highest ever by an NSE-listed firm. 2013-05-14T18:46:16Z http://www.businessdailyafrica.com/Why-owning-a-home-in-Kenya-has-become-harder/-/539552/1852944/-/qdy1aez/-/index.html The average size of a home loan rose to Sh6.4 million in the past two years pushing the dream of financed home-ownership further away from the majority of Kenyans. 2013-05-14T18:28:55Z http://www.businessdailyafrica.com/PE-fund-Catalyst-buys-50pc-of-Ethiopian-firm/-/539552/1852800/-/8hhkg0z/-/index.html Kenyan-based private equity (PE) fund, Catalyst Principal Partners, has acquired a 50 per cent stake in Ethiopian firm Yes Brands Food & Beverages. 2013-05-14T16:52:39Z http://www.businessdailyafrica.com/Reduction-in-diesel-price-eases-inflation-pressures/-/539552/1852754/-/ash2tv/-/index.html The cost of transportation and industrial production is expected to ease following a drop in diesel prices by Sh5. 2013-05-14T16:07:18Z http://www.businessdailyafrica.com/Agency-banking-transactions-rise-three-fold-in-2012/-/539552/1852752/-/v1yr5a/-/index.html The value of transactions handled by commercial bank agents more than tripled to Sh152 billion last year. 2013-05-14T16:07:08Z http://www.businessdailyafrica.com/Uchumi-raises-rights-issue-target-above-Sh2bn/-/539552/1852750/-/rtx6py/-/index.html Uchumi has raised its rights issue target to more than Sh2 billion against an earlier target of Sh1.5 billion. 2013-05-14T16:06:40Z http://www.businessdailyafrica.com/Uchumi-names-advisors-ahead-of-cross-listing--rights-issue/-/539552/1852410/-/o17cu7z/-/index.html Uchumi Supermarkets Limited has appointed transaction advisors ahead of the planned cross-listing in Rwanda, Uganda and Tanzania and a rights issue expected by the end of the year. 2013-05-14T11:14:17Z http://www.businessdailyafrica.com/Ecobank-set-to-finance-trade-in-East-Africa-with-Sh10-9bn-kitty/-/539552/1852160/-/hepoed/-/index.html Commercial banks operating in the East African region are seeking bigger roles in trade finance and asset management services whose demand is being fuelled by growing economies. 2013-05-14T08:18:08Z