BUSINESS NEWS

UK to Pump Sh20 Billion into Uhuru’s Big Four Projects
UK to Pump Sh20 Billion into Uhuru’s Big Four Projects
The UK is set to invest Sh20 billion into President Uhuru’s Big Four projects, including… read more...
Nairobi’s InterContinental Hotel Owners Seek New Tenants
Nairobi’s InterContinental Hotel Owners Seek New Tenants
The owners of the building that housed InterContinental Hotel in Nairobi are mulling leasing it out… read more...
Kenya Airways Introduces Sh180,000 One-Month Course for Drone Pilots
Kenya Airways Introduces Sh180,000 One-Month Course for Drone Pilots
Kenya Airways (KQ) has launched a training course for aspiring drone pilots as part of its plan to… read more...
KICC Faces Auction over Sh450 Million Debt Owed to KRA
KICC Faces Auction over Sh450 Million Debt Owed to KRA
Kenyatta International Convention Centre (KICC) could loss some of its assets over a Sh450 million… read more...
"Time to Think": KQ Launches New Service Allowing Customers to Book Flight and Pay Later
"Time to Think": KQ Launches New Service Allowing Customers…
National carrier Kenya Airways (KQ) has launched a new service dubbed “Time to Think.” The product… read more...
University of Nairobi Doubles Tuition Fees Amid Financial Woes
University of Nairobi Doubles Tuition Fees Amid Financial Woes
The University of Nairobi (UoN) has doubled fees for parallel degrees and postgraduate courses in a… read more...
Chris Kirubi's Son-In-law to Take Control of Centum, His Multi-Billion-Shilling Real Estate Company
Chris Kirubi's Son-In-law to Take Control of Centum, His Multi-Bi…
Andrew Musangi, the son-in-law of the late businessman Chris Kirubi is poised to take over control… read more...
Nakuru Hotels Report 100% Bookings Courtesy of WRC Safari Rally Event
Nakuru Hotels Report 100% Bookings Courtesy of WRC Safari Rally Event
The hotel industry in Nakuru County has reaped big from the ongoing World Rally Championships (WRC… read more...
Over 3.8 Million Kenyans File Tax Returns Ahead of June 30th Deadline
Over 3.8 Million Kenyans File Tax Returns Ahead of June 30th Deadline
Kenya Revenue Authority (KRA) says more than 3.8 million Kenyans had filed their tax returns as of… read more...
Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines
Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines
Kenya Airways (KQ) has signed an expanded code-share agreement with US-based Delta Airlines,… read more...
Billionaire Manu Chandaria Loses Company over Sh4.3 Billion Debt
Billionaire Manu Chandaria Loses Company over Sh4.3 Billion Debt
A company linked to billionaire Manu Chandaria has been placed under receivership over a Sh4.3… read more...
Cytonn Investments is Not a Licensed Entity, CMA Says
Cytonn Investments is Not a Licensed Entity, CMA Says
The Capital Markets Authority (CMA) has opened a probe against Cytonn Investments following… read more...
Kenya Airways to Resume Direct Flights to London
Kenya Airways to Resume Direct Flights to London
Kenya Airways (KQ) is slated to resume flights to and from the UK on June 26th after a two-month… read more...
World Bank Approves Sh81 Billion Loan to Support Kenya’s COVID-19 Recovery
World Bank Approves Sh81 Billion Loan to Support Kenya’s COVID-19 Reco…
The World Bank has approved a loan of $750 million (Sh81 billion) to Kenya to support the country’s… read more...
Paradise Beach Resort in Kikambala on Sale for Sh800 Million
Paradise Beach Resort in Kikambala on Sale for Sh800 Million
The Paradise Beach Resort in Kikambala, Kilifi County has been put up for sale. Owners of the… read more...
KLM to Launch Direct Flights to Mombasa
KLM to Launch Direct Flights to Mombasa
KLM is set to launch direct flights to Mombasa in October targeting leisure travelers. The move is… read more...
Billionaire Narendra Raval Bids Sh5 Billion to Revive Mumias Sugar
Billionaire Narendra Raval Bids Sh5 Billion to Revive Mumias Sugar
Billionaire Narendra Raval has revealed plans to invest Sh5 billion in reviving Mumias Sugar… read more...
Japanese in Kenya Exempted from Paying Income Tax
Japanese in Kenya Exempted from Paying Income Tax
The National Assembly on Wednesday passed a motion seeking to exempt Japanese companies, employees… read more...
President Uhuru Woos American SMEs to Invest in Kenya
President Uhuru Woos American SMEs to Invest in Kenya
President Kenyatta has invited American Small and Medium Enterprises (SMEs) to invest in Kenya… read more...
Uganda Signs Sh5 Billion Deal with Chinese Company to Link Railway to Kenya's SGR
Uganda Signs Sh5 Billion Deal with Chinese Company to Link Railway to…
Uganda has inked a Sh5 billion deal with China Roads and Bridge Corporation (CRBC) to rehabilitate… read more...
Kenya Airways Signs Interline Pact with South Africa's Airlink
Kenya Airways Signs Interline Pact with South Africa's Airlink
Kenya Airways (KQ) has signed an interline agreement with South Africa’s regional airline Airlink.… read more...
Nairobi Hospital Fires over 200 Workers After Graft Audit
Nairobi Hospital Fires over 200 Workers After Graft Audit
The Nairobi Hospital has laid off over 200 workers as the facility moved to cut expenditure and… read more...
Former Nakumatt CEO Atul Shah Loses Another Prime Property to Auctioneers
Former Nakumatt CEO Atul Shah Loses Another Prime Property to Auctione…
The court of appeal has declined to reverse the auction of a property belonging to Atul Shah, the… read more...
Kenya Airways Partners with UK Company to Launch Drone Operations in Kenya
Kenya Airways Partners with UK Company to Launch Drone Operations in K…
Kenya Airways (KQ) is set to launch drone operations in the country as part of its plan to… read more...
Kenya's Population of Billionaires Drops to 330, 4th Highest in Africa
Kenya's Population of Billionaires Drops to 330, 4th Highest in A…
Kenya has a total of 330 individuals with a net worth of at least $10 million (Sh1.08 billion),… read more...
Muguku Family Denies Reports of Planned Sale of Waterfront Karen Shopping Mall for Sh20 Billion
Muguku Family Denies Reports of Planned Sale of Waterfront Karen Shopp…
David Muguku, the managing director of The Waterfront Mall in Karen area has refuted reports that… read more...
Safaricom Submits Bid for Ethiopia Telecom License
Safaricom Submits Bid for Ethiopia Telecom License
Safaricom has formally submitted a bid for a telecommunication license to operate in Ethiopia. The… read more...
Bobi Wine Ordered to Pay $93,000 Tax for Bulletproof Car Acquired from Kenyan Businessman
Bobi Wine Ordered to Pay $93,000 Tax for Bulletproof Car Acquired from…
Former Ugandan presidential aspirant Bobi Wine has been ordered to pay USh337 million ($93,000) tax… read more...
Kenya Airways Signs Partnership Deal with Congo Airways
Kenya Airways Signs Partnership Deal with Congo Airways
Kenya Airways (KQ) and Congo Airways have signed a two-year partnership agreement in areas of… read more...
US Decries Locking Out of American Companies from Government Tenders in Kenya
US Decries Locking Out of American Companies from Government Tenders i…
The US has accused corrupt Kenyan public officials of locking out American companies from… read more...