BUSINESS NEWS

Kenya Risks Losing KSh3 Billion US Funding over Graft
Kenya Risks Losing KSh3 Billion US Funding over Graft
Kenya is at risk of missing out on early access to a United States multi-million-dollar development… read more...
26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company
26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company
In a move that could revolutionize Kenya’s insurance industry, a 26-year-old Kenyan woman has… read more...
Michael Joseph Sells All His Safaricom 1.17 Million Shares
Michael Joseph Sells All His Safaricom 1.17 Million Shares
Acting Safaricom CEO Michael Joseph has disclosed he sold off his entire shares in the giant… read more...
Ethiopian Airlines to Build $5 Billion Mega Airport
Ethiopian Airlines to Build $5 Billion Mega Airport
Ethiopian Airlines has revealed plans to build a mega airport at a cost of USD5 billion (KSh500… read more...
Kenyans Lose Jobs as Nairobi’s Mayfair Hotel Closes
Kenyans Lose Jobs as Nairobi’s Mayfair Hotel Closes
Dozens of Kenyans have lost their jobs after Tsogo Sun, a South African hospitality group,… read more...
Uhuru to Open the Refurbished Kisumu Port
Uhuru to Open the Refurbished Kisumu Port
President Kenyatta is next week scheduled to officially open the refurbished Kisumu port. Uhuru… read more...
End of an Era: Kenyan Giant Retail Chain Nakumatt Dissolved
End of an Era: Kenyan Giant Retail Chain Nakumatt Dissolved
The curtains have finally fallen on Nakumatt after creditors on Tuesday voted to dissolve the… read more...
Microsoft Picks Kendi Ntwiga Nderitu as Country Manager for Kenya
Microsoft Picks Kendi Ntwiga Nderitu as Country Manager for Kenya
United States technology company, Microsoft has appointed Kenyan Kendi Ntwiga Nderitu as the… read more...
Court Declines to Stop Planned Auction of Njenga Karume’s Jacaranda Hotel in Nairobi
Court Declines to Stop Planned Auction of Njenga Karume’s Jacaranda Ho…
The High Court on Tuesday declined to stop the planned auction of Nairobi’s Jacaranda Hotel, which… read more...
Njenga Karume's Jacaranda Hotel in Nairobi to be Auctioned This Month over Unpaid Loan
Njenga Karume's Jacaranda Hotel in Nairobi to be Auctioned This M…
Popular Jacaranda Hotel in Nairobi’s Westlands area is set to be auctioned later this month over a… read more...
Court Freezes Bank Accounts of Isabel dos Santos, Africa’s Richest Woman
Court Freezes Bank Accounts of Isabel dos Santos, Africa’s Richest Wom…
An Angolan court has ordered the freeze of all bank accounts belonging to Africa’s richest woman,… read more...
US Loses its Place as Largest Buyer of Kenya's Specialty Coffee
US Loses its Place as Largest Buyer of Kenya's Specialty Coffee
The United States has lost its place as the largest buyer of Kenya’s specialty coffee.  The US,… read more...
Allan Kilavuka Appointed as Kenya Airways Interim CEO
Allan Kilavuka Appointed as Kenya Airways Interim CEO
Allan Kilavuka has been appointed as the interim CEO of Kenya Airways (KQ) to replace Sebastian… read more...
Rwanda's New $1.3 Billion Airport to Dwarf JKIA
Rwanda's New $1.3 Billion Airport to Dwarf JKIA
Qatar Airways is set to take part in the redesign of Bugesera International Airport in Kigali… read more...
US-Based Company Varian Opens Cancer Center in Nairobi
US-Based Company Varian Opens Cancer Center in Nairobi
Varian, a US-based radiation oncology treatments and software maker has entered the Kenyan market.… read more...
BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses
BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses
The recently launched Building Bridges Initiative (BBI) report has proposed tax exemptions for… read more...
KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats
KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats
Kenya Revenue Authority (KRA) has been allocated an additional Sh2 billion to hire 1,000… read more...
79,982: The Number of Kenyans Earning over Sh100,000 Per Month
79,982: The Number of Kenyans Earning over Sh100,000 Per Month
A new report by the Kenya National Bureau of Statistics (KNBS) shows that only 79,982 employed… read more...
Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos
Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos
Microsoft co-founder Bill Gates on Friday reclaimed his world's richest person title from his… read more...
Gov’t to Buyout Troubled Kenya Airways
Gov’t to Buyout Troubled Kenya Airways
The national government is set to buyout the loss-making Kenya Airways (KQ). This was revealed by… read more...
Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph Says
Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph S…
Kenya Airways needs at least Sh45 billion to return to profitability, the airline’s Chairman… read more...
Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market
Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market
Kenyan poultry farmers and traders have lamented the influx of imported products from the United… read more...
US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ Direct Flights
US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ…
The United States has maintained its place as Kenya’s top source of tourists, according to the… read more...
Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi During Meeting with Uhuru
Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi Duri…
President Kenyatta on Friday held a meeting with visiting executives of Amazon Web Services (AWS)… read more...
Mumias Sugar Company Fires All 700 Employees
Mumias Sugar Company Fires All 700 Employees
A month after being placed under receivership, Mumias Sugar Company has sent home all its employees… read more...
Uhuru’s Proposal to End Cheap Loans for Kenyans Sails through
Uhuru’s Proposal to End Cheap Loans for Kenyans Sails through
The National Assembly on Tuesday failed to overturn President Kenyatta’s recommendations on the… read more...
Kenyatta Family, Equity Bank CEO James Mwangi's Fortune Grow by Sh1 Billion Each in Two Weeks
Kenyatta Family, Equity Bank CEO James Mwangi's Fortune Grow by S…
President Kenyatta’s family, the family of former Central Bank governor Philip Ndegwa and Equity… read more...
Widow Wants Former Equity Bank CEO John Mwangi's Body Exhumed over Property Row
Widow Wants Former Equity Bank CEO John Mwangi's Body Exhumed ove…
Sarah Wanjiru, one of the widows of the late Equity Bank CEO John Mwangi Kagema has filed an… read more...
Kenya Airways Marks One Year since Launch of US Direct Flights, Flies 100,000 Passengers
Kenya Airways Marks One Year since Launch of US Direct Flights, Flies…
Kenya Airways (KQ) on Tuesday marked one year since it launched direct flights to the United States… read more...
Kenya's Second Batch of 500,000 Barrels of Crude Oil set for Shipment
Kenya's Second Batch of 500,000 Barrels of Crude Oil set for Ship…
The second batch of 500,000 barrels of crude oil is set to leave the country at the end of February… read more...