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Nairobi parking fee target unrealistic, says senior official

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Posted by admin 75 days ago (http://www.businessdailyafrica.com)
City Hall official says Sh5 billion parking fee revenue projections for the financial year 2014/15 cannot be realised from the current 12,000 parking slots.

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StanChart bets big on digital banking

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Posted by admin 75 days ago (http://www.businessdailyafrica.com)
Kenya’s banking industry has shifted rapidly in the past decade or so in favour of “indigenous” lenders, as compared to foreign-owned banks that for a long time dominated the scene.

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Saudi Arabian firm sues Dubai Bank for Sh1bn

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Posted by admin 75 days ago (http://www.businessdailyafrica.com)
Universal Metal Coating Company says the debt arises from supplies that it made to Jordanian Factory for Steel, a company operating in South Sudan, against which Dubai Bank issued a letter of credit.

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Bidco diversifies into making animal feeds

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Posted by admin 75 days ago (http://www.businessdailyafrica.com)
Bidco has installed a Sh500 million production line that has capacity to churn out 100 tonnes of animal feeds per day.

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English football club owner targets Nairobi hotel entry

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Posted by admin 75 days ago (http://www.businessdailyafrica.com)
A hotel chain associated with Malaysian tycoon Tony Fernandes, who owns English Premier League club Queens Park Rangers (QPR), is targeting Kenya as its launch pad for entry into the East African region.

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Farm machinery maker faces closure

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Posted by admin 76 days ago (http://www.businessdailyafrica.com)
Owners of the firm, tucked away some five kilometres on the outskirts of Gilgil Town, have started packing their bags ready to move, and their next destination is either India or China.

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Scientists eye new maize variety to transform dry regions into food suppliers

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Posted by admin 76 days ago (http://www.businessdailyafrica.com)
Known as MON 810-event, the new maize variety is not only drought-tolerant but also fast-maturing, high-yielding and pest- and disease-resistant.

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Billboard firms take on highways agency over fees

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Posted by admin 76 days ago (http://www.businessdailyafrica.com)
Advertisers are opposed to the implementation of a new regulation that might see them pay charges to both the State agency and to county governments.

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