BUSINESS NEWS

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...
Top US Bank Goldman Sachs Acquires Sh2.4 Billion Stake in Kenya’s Twiga Foods
Top US Bank Goldman Sachs Acquires Sh2.4 Billion Stake in Kenya’s Twig…
Goldman Sachs, a leading US investment bank, has acquired a stake in Kenyan start-up Twiga Foods.… read more...
Vivo Energy Gets Gov’t Nod to Acquire KFC Restaurants in Kenya
Vivo Energy Gets Gov’t Nod to Acquire KFC Restaurants in Kenya
Vivo Energy has received the green light to acquire KUKU Foods which operates US fast-food chain… read more...
Russia President Putin Courts Kenya with Arms, Energy Deals in Meeting with Uhuru
Russia President Putin Courts Kenya with Arms, Energy Deals in Meeting…
Infrastructure, energy and military hardware are among the opportunities that Russian President… read more...
Who is Peter Ndegwa, the New Safaricom CEO?
Who is Peter Ndegwa, the New Safaricom CEO?
Peter Ndegwa was on Thursday appointed the new Safaricom Chief Executive Officer (CEO), becoming… read more...
Peter Ndegwa Appointed as New Safaricom CEO
Peter Ndegwa Appointed as New Safaricom CEO
Kenya’s leading telecommunications operator, Safaricom has appointed Peter Ndegwa as its new CEO.… read more...
Safaricom Introduces Non-Expiry Data, Voice and SMS Packages
Safaricom Introduces Non-Expiry Data, Voice and SMS Packages
As it marks its 19th anniversary, Safaricom has introduced non-expiry data, voice and SMS packages… read more...
Over 1,000 Kenyans to Lose Jobs as Finlays Announces Closure of Farms
Over 1,000 Kenyans to Lose Jobs as Finlays Announces Closure of Farms
Multinational flower company, Finlays has announced it will shut down two of its farms in Kenya by… read more...
Uhuru Rejects Finance Bill, Wants MPs to End Cheap Loans for Kenyans
Uhuru Rejects Finance Bill, Wants MPs to End Cheap Loans for Kenyans
President Kenyatta declined to assent to the Finance Bill 2019 and asked MPs to scrap a cap on… read more...
Microsoft Recruits 50 Computer Engineers at its Nairobi Hub
Microsoft Recruits 50 Computer Engineers at its Nairobi Hub
American technology company, Microsoft has hired 50 engineers at its Africa Development Centre (ADC… read more...
US Beverage Company to Use Kenyan Coffee to Make Bhang-Laced Drinks
US Beverage Company to Use Kenyan Coffee to Make Bhang-Laced Drinks
A Kenyan coffee producer has won a contract for the supply of ground berries to an American… read more...
Safaricom Mulls Buying Stake in Ethiopia’s State-Owned Ethio Telecom
Safaricom Mulls Buying Stake in Ethiopia’s State-Owned Ethio Telecom
Kenya’s giant telecommunications company, Safaricom is planning to buy a stake in Ethiopia’s State-… read more...
Kenyans Fail to Claim Sh12 Billion Idle Assets Surrendered to the State
Kenyans Fail to Claim Sh12 Billion Idle Assets Surrendered to the Stat…
The State is holding more than Sh12 billion in unclaimed assets as only 7,000 Kenyans applied to be… read more...
Rwandan Company Opens Africa’s First Smartphone Factory, Unveils 2 Makes
Rwandan Company Opens Africa’s First Smartphone Factory, Unveils 2 Mak…
Rwandan President Paul Kagame on Monday opened Africa’s first smartphone factory in the country’s… read more...
Betting Company SportPesa Sacks over 400 Kenyan Employees
Betting Company SportPesa Sacks over 400 Kenyan Employees
Kenya’s largest betting company, SportPesa has fired all employees days after it announced its… read more...
Sh800 Billion Repatriated from Offshore Accounts by Wealthy Kenyans 'Goes Missing"
Sh800 Billion Repatriated from Offshore Accounts by Wealthy Kenyans…
Kenya Revenue Authority (KRA) cannot reportedly trace Sh803 billion repatriated back to the country… read more...
SportPesa Shuts Down Operations in Kenya as Betin Sends All Workers Home
SportPesa Shuts Down Operations in Kenya as Betin Sends All Workers Ho…
Kenya's largest betting company, SportPesa has shut down operations in the country citing hostility… read more...
Uhuru Meets Top US Business Executives in New York, Markets Kenya as an Investment Hub
Uhuru Meets Top US Business Executives in New York, Markets Kenya as a…
President Kenyatta on Tuesday urged US investors to consider Kenya as their investment destination… read more...
Kenya Airways to Sell 7 Boeing Aircraft
Kenya Airways to Sell 7 Boeing Aircraft
Kenya Airways (KQ) is set to sell seven of its aircraft in a sale deal expected to earn the loss-… read more...
'Dirty Cash': Alarm as Kenyans Rush to Buy Wheat in Old Sh1,000 Notes Ahead of Next Week Deadline
'Dirty Cash': Alarm as Kenyans Rush to Buy Wheat in Old Sh1,…
Central Bank of Kenya (CBK) suspects that Kenyans holding dirty cash could be buying wheat in a bid… read more...
KRA to Track Mpesa Transactions in Bid to Nab Tax Cheats
KRA to Track Mpesa Transactions in Bid to Nab Tax Cheats
Kenya Revenue Authority (KRA) is set to begin monitoring individuals’ Mpesa transactions in a bid… read more...
Gov’t Shelves Plan to Ban Importation of Chinese Fish into Kenya
Gov’t Shelves Plan to Ban Importation of Chinese Fish into Kenya
The government has shelved plans to ban the importation of Chinese fish into the Kenya. Fisheries… read more...
JKIA Ranked World’s 2nd Fastest-Growing Cargo Airport
JKIA Ranked World’s 2nd Fastest-Growing Cargo Airport
Kenya’s Jomo Kenyatta International Airport (JKIA) has been rated among the world’s fastest-growing… read more...
170 Kenyans Left Jobless as US-Based Software Company Andela Lays off Workers
170 Kenyans Left Jobless as US-Based Software Company Andela Lays off…
New York-headquartered software developer training and outsourcing company Andela has announced… read more...
MPs Reject Proposal to End Cheap Loans for Kenyans
MPs Reject Proposal to End Cheap Loans for Kenyans
Members of the National Assembly Finance and National Planning Committee have rejected a proposal… read more...
New Premier Kenyan Business and Events Platform Launched
New Premier Kenyan Business and Events Platform Launched
New premier Kenyan business platform called NaiGate launched to create market access for businesses… read more...
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways (KQ) says it has formally withdrawn its Privately Initiated Investment Proposal (PIIP… read more...
SportPesa Set to Resume Operations After KRA Clearance
SportPesa Set to Resume Operations After KRA Clearance
Giant betting company SportPesa has announced it will resume operations soon after it was cleared… read more...