BUSINESS NEWS

Kenya, US Agree to Expedite Trade Discussions
Kenya, US Agree to Expedite Trade Discussions
Trade representatives from Kenya and the United States on Monday held further discussions aimed at… read more...
Kenya to Resume Miraa Exports to Somalia After a Two-Year Ban
Kenya to Resume Miraa Exports to Somalia After a Two-Year Ban
Kenya is set to resume miraa exports to Somalia this month following the lifting of a two-year ban… read more...
Court Bars KCB Bank from Seizing Lavish English Point Marina Hotel over Sh4.8 Billion Debt
Court Bars KCB Bank from Seizing Lavish English Point Marina Hotel ove…
The High Court has stopped the Kenya Commercial Bank (KCB) from seizing the luxurious English Point… read more...
Safaricom and Visa Launch MPesa GlobalPay Visa Virtual Card
Safaricom and Visa Launch MPesa GlobalPay Visa Virtual Card
Safaricom and American digital payments company Visa have signed a deal that will allow MPesa… read more...
Raila Pledges to Ban Mitumba Clothes If Elected President
Raila Pledges to Ban Mitumba Clothes If Elected President
Azimio La Umoja-One Kenya coalition presidential candidate Raila Odinga has revealed plans to ban… read more...
Pwani Oil Shuts Down Cooking Oil Plant Due to Shortage of US Dollars
Pwani Oil Shuts Down Cooking Oil Plant Due to Shortage of US Dollars
Pwani Oil has temporarily shut down its cooking oil plant due to a shortage of raw materials which… read more...
Meta Appoints Kenyan Kendi Ntwiga as Global Head of Misrepresentation
Meta Appoints Kenyan Kendi Ntwiga as Global Head of Misrepresentation
Kenyan IT business leader Kendi Ntwiga has been appointed the Global Head of Misrepresentation at… read more...
Nairobi Expressway Users Warned Against Paying Toll Fees to Attendants Via MPesa
Nairobi Expressway Users Warned Against Paying Toll Fees to Attendants…
The operator of the Nairobi Expressway has warned motorists against paying toll fees to toll… read more...
Kenyan Catherine Muraga Appointed Microsoft's African Development Center Managing Director
Kenyan Catherine Muraga Appointed Microsoft's African Development…
American tech giant Microsoft Corporation has appointed Kenyan Catherine Muraga as the new Managing… read more...
KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Debt
KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Deb…
The Kenya Commercial Bank (KCB) has taken over the luxurious English Point Marina Hotel in Mombasa… read more...
HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University Students
HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University St…
The Higher Education Loans Board (HELB) is set to borrow Sh22 billion through a bond to fund the… read more...
Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, Boda Bodas
Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, B…
The National Assembly Finance and National Planning Committee has rejected the Treasury’s bid to… read more...
Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction
Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction
The iconic White Rhino Hotel in Nyeri has been put up for auction, according to a notice placed in… read more...
Nairobi the Only African City Named in the Prime Global Cities Index
Nairobi the Only African City Named in the Prime Global Cities Index
Nairobi is the only African city that made it to the list of top 45 global cities that posted… read more...
Three Kenyan Startups Named Among World Economic Forum's Technology Pioneers of 2022
Three Kenyan Startups Named Among World Economic Forum's Technolo…
Six African tech startups have been listed by the World Economic Forum (WEF) among its selection of… read more...
US Lobby Group Faults Biden Administration over Delay to Seal Kenya Trade Pact
US Lobby Group Faults Biden Administration over Delay to Seal Kenya Tr…
The United States Chamber of Commerce has faulted President Biden administration over its continued… read more...
Singer Rihanna to Launch Her Fenty Beauty Skincare Products in Kenya
Singer Rihanna to Launch Her Fenty Beauty Skincare Products in Kenya
Global pop star Rihanna has announced that her Fenty Beauty line of makeup and skincare products… read more...
KRA to Set Up a Digital Forensic Lab to Nab Tax Cheats
KRA to Set Up a Digital Forensic Lab to Nab Tax Cheats
The Kenya Revenue Authority (KRA) has announced plans to build a state-of-the-art digital forensic… read more...
Wealthy Kenyans Register 41 New Helicopters Ahead of August Elections
Wealthy Kenyans Register 41 New Helicopters Ahead of August Elections
47 new aircraft including 41 private helicopters were registered in Kenya in 2021, according to… read more...
Report Reveals Richest and Poorest Counties in Kenya
Report Reveals Richest and Poorest Counties in Kenya
A new report released by the Kenya National Bureau of Statistics (KNBS) has listed Nairobi as the… read more...
British Property Company Opens a Nairobi Office to Help Kenyans Invest in the UK
British Property Company Opens a Nairobi Office to Help Kenyans Invest…
British real estate company Baron & Cabot has opened an office in Nairobi to help Kenyans to… read more...
Kenya Announces a Ban on Importation of Second-Hand Buses and Trucks
Kenya Announces a Ban on Importation of Second-Hand Buses and Trucks
The government has banned the importation of used passenger buses and trucks in a move aimed at… read more...
US Gov’t Delegation to Visit Kenya to Explore Trade and Investment
US Gov’t Delegation to Visit Kenya to Explore Trade and Investment
A US government delegation is set to visit Kenya on May 1st to explore opportunities for enhanced… read more...
Iconic Hilton Hotel in Nairobi CBD to Shut Down After 53 Years of Operation
Iconic Hilton Hotel in Nairobi CBD to Shut Down After 53 Years of Oper…
The iconic Hilton Hotel in Nairobi’s central business district is set to shut its doors permanently… read more...
Report Shows Kenya Has 8,500 Dollar Millionaires
Report Shows Kenya Has 8,500 Dollar Millionaires
A new report shows that Kenya has a total of 8,500 individuals with a net worth of over $1 million… read more...
Kenya Airways Signs a Partnership Agreement with US-Based JetBlue Airways
Kenya Airways Signs a Partnership Agreement with US-Based JetBlue Airw…
Kenya Airways (KQ) has signed a partnership agreement with American low-cost airline JetBlue… read more...
Google to Open a Tech Hub in Nairobi in Sh115 Billion Africa Investment
Google to Open a Tech Hub in Nairobi in Sh115 Billion Africa Investmen…
American tech giant Google has revealed plans to set up its first-ever Africa product development… read more...
Kenya Airways Gets Additional Sh36.6 Billion Government Bailout
Kenya Airways Gets Additional Sh36.6 Billion Government Bailout
The Treasury has allocated a further Sh36.6 billion to Kenya Airways (KQ) in the next financial… read more...
Kenya Airways Customers Lose Sh4.48 Billion in Expired Flight Tickets
Kenya Airways Customers Lose Sh4.48 Billion in Expired Flight Tickets
Kenya Airways (KQ) customers lost Sh4.48 billion last year after they let their flight tickets… read more...
KRA to Deploy Drones in War Against Tax Cheats
KRA to Deploy Drones in War Against Tax Cheats
The Kenya Revenue Authority (KRA) has announced plans to deploy drones in the war against tax… read more...