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Breaking Business News from the Business Daily

Uhuru, Magufuli order urgent ministers meeting on uneasy ties -
President Uhuru Kenyatta and his Tanzania counterpart John Magufuli are seeking to resolve long running trade disputes between the two States.

Kenya Railways insists importers must use SGR to transport cargo -
Kenya Railways has shrugged off concerns raised by a section of shippers on the directive compelling importers to use the standard gauge railway.

KenGen net profit down 11pc despite rise in power sales -
KenGen’s half year net profit has dropped 11.4 per cent despite recording a surge in electricity sales in the period ended December.

Charles Nyachae sworn in as EACJ judge -
The former CIC boss will formally take office July 1, 2018

Safaricom launches new tariffs as it seeks to stay ahead of rivals -
The two tariffs dubbed Platinum Plus and Platinum consists of eight choices whose monthly cost is Sh2,000, Sh3,000 Sh5,000 and Sh10,000.

Row over Kenyan oil revenues threatens to delay production -
Seeing the potential benefits of oil, residents of the poorest of Kenya’s 47 counties now want the central government to make up for decades of neglect.

Uchumi exits Sarit Centre after three decades -
Retailer's store count drops to 16 as it awaits a yet-to-be-secured investor to jumpstart the business

For clean drinking water in Kenya, just add sunshine and a can -
On a sunny afternoon in Western Kenya, Eunice Shigali filled a 10 litre jerrycan with water, then unfolded it like a suitcase and placed it in the sun.

Kenya losing billions over poor quality leather, Kebs says -
Kebs says most hides and skins produced in the country are of low quality and thus fetch low prices.

Grisham explores cruelty and forgiveness -
Novelist John Grisham is known for writing legal thrillers, but Calico Joe is not about law.

Chandarana Foodplus stays the course in turbulent retail market -
The Chandarana Foodplus Supermarkets group has continued its well thought out and measured growth despite the multitude of challenges in Kenya’s retail industry.

History of golf through Duncan Ndegwa’s eyes -
Mr Ndegwa is a former secretary to the Cabinet and Head of Public Service as well as ex- Central Bank governor.

Kenya Power half-year profit drops 30.3pc as debt financing costs rise -
High cost of financing debt takes a toll amid lethargic power consumption growth in a slowing economy.

Kenyans to pay Sh323bn interest on Eurobond II -
Concerns have been raised over the rate at which country is accumulating debt

Water rationing to continue for five more years -
Rationing set to continue until new dams are complete, Nairobi Water says

Uhuru, Museveni to launch Busia one-stop border post -
Travellers will be taking on average 37 minutes from close to two hours to cross

Developer loses bid to raise house prices for KQ staff -
Epco builders has been seeking to increase home prices, citing cost escalations

Wheat flour price falls again on low demand -
Consumers the big winners as competition among millers forces the downward review

Kirubi completes buyback of Haco from South African firm -
Businessman Chris Kirubi has taken back full control of Haco Tiger Brands East Africa after acquiring Johannesburg-based Tiger Brands’ 51 per cent stake in the fast moving consumer goods manufacturer.

Mystery still clouds Mau Mau uprising -
Name thought to have been coined by British to mean savage militants.

German-Kenyan movie ‘Watu Wote’ destined for Oscars -
Lupita Nyong’o isn’t the only Kenyan acquainted with Oscar-winning potential.

‘Black Panther’ makes Lupita super-duper star -
New film breaks global records, raking in $426.6m since it opened a week ago.

I have no clue how to get back into Shiro good books -
I have been making every effort to get back into Shiro’s good books ever since the incident from a few weeks back when I showed up late after drinks with my new colleague.

Shilling slides to 3-month low as analysts forecast further fall -
The Kenyan shilling fell to a three-week low as analyst forecast it would come under pressure in the coming days.

Nairobi Railway Station set for facelift to ease traffic congestion -
The Nairobi Railway Station is set for a facelift as City Hall seeks to redesign it into a multi-channel transport hub.

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