Archive for the ‘Kenya’ category

Is there oil in Kenya?

Kenya hopes a commercial discovery will be made in the near future as the country has geological features similar to those of areas where crude oil was found in Uganda and natural gas is being exploited in Tanzania.

Tycoon Chris Kirubi wants to be a mentor to young Kenyans

Kenyan businessman Chris Kirubi wants to be a mentor to the country’s young people.

Kenya’s political risk casts a dark cloud over region’s economic prospects

On Friday last week, Kenya’s High Court declined to give a definite date for the country’s next elections, placing the task in the hands of President Kibaki and Prime Minister Raila Odinga.

Kenya becoming a hub for Asian investment into Africa

“Kenya is very attractive to us because it’s on the east coast of the continent, and attractive position as a centre for India’s and China’s investment and interests in Africa.”

IBM targeting Africa’s banks for new business

US-based technology firm IBM has significantly expanded its African footprint over the past three years.

African entrepreneurs can have a global impact, says Richard Branson

“I’m sure African entrepreneurs can make global impact. Having made money in Africa, African entrepreneurs can then go to address global issues.”

Kenyan banks move to cushion borrowers and avert loan defaults

Earlier this week, the Kenya Bankers’ Association released a statement detailing a set of initiatives designed to avert possible bank loan defaults on the back of spiking interest rates.

From humble beginnings to a $50m petroleum company

Regina Ekiru speaks to Ahmed Hashi about how he built Hashi Energy into a $50 million business.

‘Go it alone’ a major bottleneck for Africa, says Equity Bank boss

Equity Bank chief executive James Mwangi has criticised entrepreneurs for taking an individualistic approach to business, describing it as “a major bottleneck in Africa”.

Kenya still good for business, says Richard Branson

Richard Branson’s airline Virgin Atlantic may be losing money on its London-Nairobi route but that has not dampened the entrepreneur’s confidence in Kenya as an investment destination.