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Cash-strapped Portland’s board sacks CEO Nkeri 2019-05-21 13:47:54EAPCC has sacked its managing director, Simon Peter ole Nkeri.

Rotich to unveil mortgage refinance company today 2019-05-21 13:47:10Major shareholders include the Treasury, the World Bank, commercial banks, deposit-taking savings and credit cooperative societies (saccos) and micro-

Ex-Chase Bank boss gave firms linked to him 2019-05-21 13:46:48Mohammed Zafrullah Khan did not repay the loans advanced to Colnbrook Holdings Limited and Camellia Investments Limited between 2012 and 2015.

Mayfair Bank narrows loss in first quarter to 2019-05-21 13:44:49Mayfair Bank's interest income rose 90.5 percent to Sh126.1 million as the loan expanded five times to Sh3.4 billion from Sh677.7 million.

Ride-hailing firm Bolt hires Jumia executive 2019-05-21 13:44:05Bolt has tapped Jumia’s global head of logistics and operations, Olaoluwa Akinnusi, to be the firm’s new country manager.

Administrators move to sell fashion retailer Deacons 2019-05-21 13:43:21Deacons East Africa have moved to sell the company in a bid to raise funds to settle its liabilities.

StanChart’s first quarter profit up 31pc to Sh2.4bn 2019-05-21 13:42:48StanChart’s profit growth is the highest among the big banks that have so far published their first quarter results.

South Africa tech firm cleared to buy iWayAfrica 2019-05-21 13:42:13Echotel International Proprietary has received the green light from the CAK to acquire 80 percent of iWayAfrica Kenya.

Stock decline hurts HF’s share-based pay scheme 2019-05-21 13:41:34HF’s stock rout on the Nairobi bourse has hurt its share-based compensation scheme.

Man at centre of gold swindle locked in 2019-05-21 13:38:07KCB bank accuses the politician of defaulting on the car loan he took five years ago.

Jared Otieno, 15 others charged in fake gold 2019-05-21 13:36:35The accused persons will however remain in custody until May 27, awaiting a pre-bail report.

China could open market for fresh produce 2019-05-21 13:34:41China has hinted at plans to open its market for more fresh produce from Kenya.

Reuters: Business News

British Steel to be placed into administration: report 2019-05-22 05:17:50British Steel, the country's second largest steel producer, will be placed into administration as early as Wednesday, Sky News reported, jeopardizing

British Steel to be put into administration as 2019-05-22 04:49:15British Steel will be placed into administration as early as Wednesday, Sky News's Mark Kleinman said.

China's big three airlines seek Boeing compensation over 2019-05-22 04:47:33China's three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 7

After Huawei, U.S. could blacklist Chinese surveillance tech 2019-05-22 04:42:09The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that

Commerzbank may tweak strategy after Deutsche Bank talks 2019-05-22 04:35:57Commerzbank may tweak its strategy following the collapse of merger talks with its larger rival Deutsche Bank, the lender's chief said on Wednesday.

Daimler says all costs under scrutiny after moderate 2019-05-22 03:46:48German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast.

China says opposes U.S. trying to smear Chinese 2019-05-22 03:19:55China's Foreign Ministry said on Wednesday that China opposes the United States smearing Chinese companies, after media reports that the U.S. adminis

In Fed policy review, labor may finally win 2019-05-22 03:08:59At 2.3 percent, Minneapolis' jobless rate seems impossibly low, even with national unemployment at a 50-year trough.

Oil prices drop on swelling U.S. stockpiles, but 2019-05-22 03:03:21Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.

Fed may cut rates if inflation keeps disappointing: 2019-05-22 02:44:16Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bulla

Shares in China's Hikvision slump after report of 2019-05-22 01:46:48Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S

Exclusive: Walmart to make first direct pitch to 2019-05-22 01:35:07Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business,

BBC News - Business

Trade war: Trump says US-China relations remain 'very 2019-05-10 17:43:48The president's comments come after the US raised tariffs on $200bn of China's products.

Uber shares sink on stock market debut 2019-05-10 17:08:30The ride-hailing app enters a new era as a publicly listed firm, but loses ground in first day's trading.

Leicester: A city fighting fast-fashion sweatshops 2019-05-10 17:05:58Fast-fashion has caused a resurgence in Leicester’s textiles industry – but it's come at the expense of some workers' rights.

The hairdressing salon that got rid of mirrors 2019-05-10 17:03:53A hairdressing salon in London has got rid of mirrors, so customers can contemplate art.

BBC World News business headlines 2019-05-10 12:55:34The latest international business headlines from BBC World News.

Rihanna makes history with new fashion label Fenty 2019-05-10 12:14:02The singer is the first woman of colour to lead a house under the LVMH brand.

Amazon stops selling 'toxic' goods for children in 2019-05-10 11:35:26Products high in toxic metals were being sold to children, a US investigation finds.

Brexit fears caused car parts firm to stockpile 2019-05-10 10:08:25Brexit worries meant car parts maker Pressmark tied up needed cash in stockpiling materials.

Thyssenkrupp expects EU to block Tata steel merger 2019-05-10 08:53:12Concessions have not soothed European Commission concerns over the proposed deal, Thyssenkrupp says.

Potato farmers want payout from PepsiCo 2019-05-10 08:36:13Indian potato farmers want "compensation for harassment and intimidation" from US giant PepsiCo.

Trade war: US-China trade battle in charts 2019-05-10 07:42:43Talks resume on Thursday after President Trump escalated the trade war with the threat of new tariffs.

UK economy rebounds in first quarter 2019-05-10 06:29:33Brexit stockpiling by firms helps to lift UK growth in the first three months of the year.

General News

British Airways Rewards Travel Partners (Photos) 2019-05-07 18:13:23British Airways, top international airline and flag carrier of United Kingdom, recently rewarded top performing Nigerian Travel agents in Lagos. Th

Zenith Bank Reaffirm N0.00 Account Opening Balance for 2019-05-06 04:20:21Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital and the foremost provider of financial services to multinationals, corporates and SMES

Tony Elumelu Foundation to Host the Largest Gathering 2019-05-05 08:51:51The Tony Elumelu Foundation (TEF), Africa rsquo;s foremost champion of entrepreneurship, will host its 5th Annual Forum mdash; the largest annual gat

NNPC, Seplat to deliver 300 illion standard cubic 2019-05-04 10:55:24NIGERIA inched closer to its target of bridging projected shortfall in domestic gas supply with the inauguration of the Asa North/Ohaji South (ANOH) G

Exploring The Investment Opportunities In The Medical Business 2019-05-04 04:25:46Presentation: Exploring The Investment Opportunities In The Medical Business Environment of Nigeria Presented By: DR. EMI MEMBERE-OTAJI, Managin

132 companies bid for NNPC's crude sales contract 2019-05-03 05:08:33The Nigerian National Petroleum Corporation (NNPC) on Thursday opened 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) to its local and intern

Africa’s megacities, a magnet for investors 2019-05-03 05:03:52Megacities, cities with a population of at least 10 million, are sprouting everywhere in Africa. Cairo in Egypt, Kinshasa in the Democratic Republic o

Tinubu's daughter insists on appointing Iyaloja for Computer 2019-05-02 13:04:01Daughter of former Lagos State Governor and Iyaloja General of Nigeria, Mrs Folashade Tinubu-Ojo,insists that she must appoint Iyaloja and Babaloja fo

Polaris Bank, Mojec Sign Pact On prepaid Meter 2019-05-02 12:12:34Polaris Bank has reiterated its commitment to the success of the Meter Acquisition Partners (MAP) Project, which ensures that acquisition of pre-paid

Polaris Bank Sign Agreement With Mojec On Electricity 2019-05-01 13:47:54Polaris Bank has reiterated its commitment to the success of the Meter Acquisition Partners (MAP) Project, which ensures that acquisition of pre-paid

NSIA announces strong audited results for 2018 financial 2019-05-01 13:42:26The Nigeria Sovereign Investment Authority ( ldquo;NSIA rdquo; or ldquo;The Authority rdquo;), manager of Nigeria rsquo;s sovereign wealth fund, on M

UBA in partnership with Mastercard Reward Customers with 2019-04-29 14:13:40Leading Pan-African Bank, United Bank for Africa (UBA) PLC in partnership with leading global payments and technology company, Mastercard, have announ

Christian Science Monitor |

This Nebraska Republican says it’s time to think 2019-05-11 19:06:42President Trump is meeting with Democrats on infrastructure. Rural America says that, from roads to internet access, it needs to be part of any plan.

A doubly green deal? Clean energy jobs also 2019-05-11 19:06:42New analysis from the Brookings Institution suggests that transitioning to clean energy sources could open up a range of high-paying career paths.

NYC, largest fur market in country, considers ban 2019-05-11 19:06:42If passed, New York would become the third major American city to ban the sale of fur. Industry advocates argue the ban will trigger the loss of more

Taxpayers need help. So does the IRS. 2019-05-11 19:06:42The IRS budget has been cut 17% since 2010, even as the tax code has grown more complicated. Enforcement and customer service are strained.

Border crisis delays truckers hours, sometimes days 2019-05-11 19:06:42President Donald Trump has beefed up border security, but with inspectors assigned elsewhere, trucks crossing into the U.S. with goods from Mexico for

In debt or struggling to save? Artificial intelligence 2019-05-11 19:06:42With friendly names like “Charlie,” the latest financial apps use algorithms to analyze spending habits and give advice. But they’re

Why capitalism in America now needs its defenders 2019-05-11 19:06:42Capitalism or socialism? At a Monitor Breakfast Wednesday, Larry Kudlow defended capitalism as the best path to prosperity for all.

‘Too cozy.’ Boeing crashes raise doubts over FAA 2019-05-11 19:06:42The crash of Boeing 737 Max jetliners in Indonesia and Ethiopia have prompted reviews not just of the airplane but of regulators’ approval

Rural America faces housing cost hardship 2019-05-11 19:06:42Over the past decade, nearly a fourth of U.S. rural counties have seen a sharp increase in households spending half or more of their income on housing

Childless workers often lose out on tax credits. 2019-05-11 19:06:42A tax-refund initiative in Atlanta showcases a type of welfare program that can reduce poverty without discouraging work.

Legal pot: Why minorities say they’re being left 2019-05-11 19:06:42Black lawmakers from New York to Georgia threaten to block marijuana legalization unless there are concessions for drug-war scarred neighborhoods.

Trapped in tariffs, firms tied to lobster industry 2019-05-11 19:06:42From tariffs on lobsters to duties on the steel in lobster traps, here’s how one U.S. industry is affected by trade tension with China and Europ

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