BUSINESS NEWS

Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Kenya
Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Ke…
Kenya is set to benefit from a Covid-19 recovery program by technology giant, Google. The… read more...
Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle
Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle
  Kenya Airways (KQ) has embarked on a plan to return leased aircraft in a move aimed at cutting… read more...
KRA Launches Mobile App to Boost Compliance for Taxpayers
KRA Launches Mobile App to Boost Compliance for Taxpayers
The Kenya Revenue Authority (KRA) has launched a mobile application to ease tax compliance for… read more...
Kenya Asks China for Warehouses in Bid to Boost Exports
Kenya Asks China for Warehouses in Bid to Boost Exports
The government has written to China seeking to be provided with warehouses for Kenyan goods as it… read more...
Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Workers
Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Wor…
Kenya Airways (KQ) has announced a 50 percent discount on flight tickets for frontline Kenyan… read more...
Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss
Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss
Kenya Airways (KQ) has posted a net loss of Sh14.3 billion for the six months ended June, 2020.… read more...
Kenya Airways to Send Home 207 Pilots in Downsizing Bid
Kenya Airways to Send Home 207 Pilots in Downsizing Bid
Kenya Airways (KQ) is set to lay off half of its pilots in the next three years in cost-cutting… read more...
Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes
Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes
The government has lifted a ban on importation of second-hand clothes and shoes, locally referred… read more...
Protest over Push to Give US Dairy Farmers Unfettered Access into the Kenyan Market
Protest over Push to Give US Dairy Farmers Unfettered Access into the…
The push to give US dairy farmers unrestricted access into the Kenyan market has attracted… read more...
Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanently
Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanent…
The iconic Intercontinental Hotel in Nairobi is set to be closed permanently over “operational… read more...
Michael Joseph Named Safaricom Board Chairman
Michael Joseph Named Safaricom Board Chairman
Michael Joseph has been appointed as the new Chairman of the Safaricom Board effective August 1st.… read more...
Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears
Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears
The recently launched trade negotiations between Kenya and the US have been put on hold over Covid-… read more...
No Direct Flights to the US as Kenya Airways Resumes International Operations
No Direct Flights to the US as Kenya Airways Resumes International Ope…
Kenya Airways (KQ) has said it will not operate nonstop flights to the US when it resumes… read more...
Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown
Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown
Wealthy Kenyans deposited a record Sh45.5 billion in dollars between March and May this year,… read more...
Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya and US
Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya a…
Two lawyers have moved to court to challenge the proposed free trade agreement (FTA) between Kenya… read more...
Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4 Billion
Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4…
Nigeria tycoon Herbert Wigwe has acquired majority shares in Kenyan lender, Transnational Bank.… read more...
Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants
Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants
Cash-strapped Kenya Airways (KQ) is set to axe 182 pilots and over 400 cabin crew members. The… read more...
UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Products
UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Produ…
The United Kingdom has elbowed the Netherlands and the US to become the third-largest buyer of… read more...
Uhuru Gives Kenya Airways Green Light to Resume Flights
Uhuru Gives Kenya Airways Green Light to Resume Flights
President Uhuru says Kenya Airways (KQ) will resume operations in a few days. Uhuru, who spoke on… read more...
Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Data Shows
Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Dat…
Kenyan-based American companies have created employment opportunities to 6,000 Kenyans in the last… read more...
Kenya Risks Trade War with the US over Plan to Tax Tech Companies
Kenya Risks Trade War with the US over Plan to Tax Tech Companies
The government’s plan to slap digital companies with taxes could spark a trade war between Kenya… read more...
Emirates to Lay Off Kenyan Workers in Restructuring Plan
Emirates to Lay Off Kenyan Workers in Restructuring Plan
An unknown number of Kenyans working for Dubai-based airline, Emirates are among hundreds of… read more...
Kenya Becomes Third-Largest Economy is Sub-Saharan Africa
Kenya Becomes Third-Largest Economy is Sub-Saharan Africa
Kenya is now the third-largest economy in sub-Saharan Africa behind Nigeria and South Africa in… read more...
Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billion
Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billi…
Saudi Prince Al-Waleed bin Talal has reportedly sold his stake in two five-star hotels in Kenya. Al… read more...
KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covid-19 Pandemic
KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covi…
The Kenya Revenue Authority (KRA) has begun processing value-added tax (VAT) refunds to business… read more...
Government Demands Answers After Mass Firing of Fairmont Hotel Workers
Government Demands Answers After Mass Firing of Fairmont Hotel Workers…
The government, through the office of the Attorney-General, has written to the management of hotel… read more...
Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing
Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing
Fairmont Hotel has shut down two of its establishments in Kenya and fired all employees. Country… read more...
Kenya Airways Records Sh12.9 Billion Loss
Kenya Airways Records Sh12.9 Billion Loss
Kenya Airways (KQ) has posted a loss of Sh12.9 billion for the financial year ended in December… read more...
Safaricom Enters List of Top 10 Most Valuable Companies in Africa
Safaricom Enters List of Top 10 Most Valuable Companies in Africa
Kenya’s giant mobile operator, Safaricom has been ranked among the 10 most valuable companies in… read more...
Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Loan
Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Lo…
The National Treasury has introduced new regulations that will have banks, microfinance… read more...