/-/539444/539444/-/rdynki/-/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/Treasury-to-focus-funds-on-projects-to-spur-growth--job-creation/-/539546/1855484/-/8dfyni/-/index.html The Treasury will focus on funding projects in infrastructure, agriculture, service and industry to spur economic growth in the coming financial year. 2013-05-17T10:07:00Z 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/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/PS-sparks-row-over-top-KAA-job/-/539546/1854990/-/3cjilnz/-/index.html The Kenya Airports Authority (KAA) has been thrown into a fresh management row in the wake of sharp divisions in its board over the tenure of managing director Stephen Gichuki. 2013-05-16T18:31:48Z http://www.businessdailyafrica.com/Cheserem-digs-in-for-increase-of-county-budget-allocations/-/539546/1854950/-/goda7c/-/index.html The Commission on Revenue Allocation (CRA) has proposed further cuts on budgetary allocations to ministries whose functions have been devolved to the counties. 2013-05-16T18:21:06Z 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/-/539546/1854856/-/r7ku4g/-/index.html The Transition Authority (TA) requires Sh4 billion to hire auditors of assets and liabilities of the 175 defunct local authorities, it told the Senate Thursday. 2013-05-16T17:15:49Z http://www.businessdailyafrica.com/Omtatah-wants-telcos-ordered-to-provide-emergency-number-/-/539546/1854854/-/hrnefx/-/index.html The High Court has been asked to order mobile service companies to provide a toll- free emergency hotline. 2013-05-16T17:13:02Z 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/Retirees-demand-pension-raise-as-cost-of-living-soars-/-/539546/1854850/-/ypbbff/-/index.html At least 6,000 Kenya Ports Authority (KPA) pensioners are demanding a raise as the cost of living rises, but trustees say it is not within their powers to make such changes. 2013-05-16T17:09:26Z 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/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/Opinion-and-Analysis/Our-legislators-are-the-face-of-greedy-Kenyans/-/539548/1854722/-/t90v6u/-/index.html Tuesday May 14th saw demonstrators pitch tent outside Parliament over MPs’ calls for higher salaries. 2013-05-16T15:30:40Z