BUSINESS NEWS

Bank of Kigali Concludes Kenyan Operations, Shifts Focus to Digital Strategy
Bank of Kigali Concludes Kenyan Operations, Shifts Focus to Digital St…
The Bank of Kigali (BoK), Rwanda's leading commercial bank, has effectively concluded its… read more...
Sh75 Billion Tax Hurdle Delays M-Pesa's Separation from Safaricom
Sh75 Billion Tax Hurdle Delays M-Pesa's Separation from Safaricom
Kenya's plan to divide the giant telecommunications provider Safaricom and its mobile money arm M-… read more...
Kenyan Buyers to Benefit from Japanese Used Car Auction in Naivasha
Kenyan Buyers to Benefit from Japanese Used Car Auction in Naivasha
The Special Economic Zones Authority (Seza), led by CEO Dr Kenneth Chelule, is gearing up for the… read more...
Shilling Bounces Back, Recoups Half the Value Lost
Shilling Bounces Back, Recoups Half the Value Lost
The Kenyan shilling's recent appreciation offers a sigh of relief for consumers and businesses… read more...
JKIA Introduces New Luggage Delivery Service and Announces Expansion Plans
JKIA Introduces New Luggage Delivery Service and Announces Expansion P…
Jomo Kenyatta International Airport (JKIA) has launched a new service known as Airport Mtaani in a… read more...
Kenya Government to Establish Commercial Centers in the US and Other Major Markets
Kenya Government to Establish Commercial Centers in the US and Other M…
The Kenyan government has unveiled an ambitious plan to establish a network of commercial centres… read more...
Kenya Airways, Virgin Atlantic Partner in Codeshare Deal
Kenya Airways, Virgin Atlantic Partner in Codeshare Deal
Kenya Airways (KQ) and Virgin Atlantic have signed a codeshare agreement in a strategic move to… read more...
Kenyan Shilling Surges Against Dollar to Trade at Sh133
Kenyan Shilling Surges Against Dollar to Trade at Sh133
The Kenyan Shilling has exhibited remarkable strength against the US dollar in recent weeks.
Kenya's Booming Shilling Pinches Remittance Inflows
Kenya's Booming Shilling Pinches Remittance Inflows
Kenyans abroad sent home $385.9 million (Sh52.2 billion) in February. While this represents a… read more...
Kenya Airways Announces Nine Weekly Flights to New York
Kenya Airways Announces Nine Weekly Flights to New York
Kenya Airways is strategically scaling up its operations to cater to the burgeoning travel industry.
Petrol Prices Fall Sh7 as Kenya Shilling Strengthens
Petrol Prices Fall Sh7 as Kenya Shilling Strengthens
The Energy and Petroleum Regulatory Authority (Epra) has announced a decrease in fuel prices for… read more...
Kenya to Review Rental Income Tax System in Upcoming Budget
Kenya to Review Rental Income Tax System in Upcoming Budget
Through the National Treasury, the Kenyan government has announced its intention to review the… read more...
Kenyans React to the Launch of the East African Sheafra Currency
Kenyans React to the Launch of the East African Sheafra Currency
A significant step has been taken towards economic integration in East Africa, with the official… read more...
Kenya Placed on Grey List for Anti-Money Laundering
Kenya Placed on Grey List for Anti-Money Laundering
The Financial Action Task Force (FATF) has placed Kenya on its "grey list" of countries deemed at… read more...
Renewed Hope for Farmers as Ovacado Exports Resume
Renewed Hope for Farmers as Ovacado Exports Resume
In just two weeks, Kenya will once again begin exporting avocados, putting an end to the three-… read more...
Kenyan Shilling Surges Against Dollar, Signals Strong Investor Sentiment
Kenyan Shilling Surges Against Dollar, Signals Strong Investor Sentime…
Yesterday, the Kenyan shilling experienced its most significant intra-day increase against the US… read more...
Naivas Row: Inheritance Dispute Sparks Legal War Among Siblings
Naivas Row: Inheritance Dispute Sparks Legal War Among Siblings
Amidst the towering aisles of Naivas, Kenya's premier supermarket chain, a familial storm brews… read more...
Dollar Loan Defaults Surge in Kenya Amidst Persistent Currency Shortage
Dollar Loan Defaults Surge in Kenya Amidst Persistent Currency Shortag…
Firms and individuals who have taken out loans in US dollars are now struggling to repay them,… read more...
Kenya Misses the Mark in Top 20 Africa's Fastest Growing Economies 2024 Report
Kenya Misses the Mark in Top 20 Africa's Fastest Growing Economie…
Kenya did not make it into the top 20 fastest-growing economies in Africa Outlook 2024 ranking by… read more...
Equity Launches its Version of Fuliza
Equity Launches its Version of Fuliza
Equity Bank Kenya Limited has introduced a new feature called Boostika Which allows customers to… read more...
KRA Targets Kenyans Working at Diplomatic Institutions
KRA Targets Kenyans Working at Diplomatic Institutions
Local employees of organizations with diplomatic agreements with Kenya, such as the United Nations… read more...
Starbucks Faces Legal Woes Over Kenyan Coffee
Starbucks Faces Legal Woes Over Kenyan Coffee
Starbucks, a well-known coffee chain in the United States, is facing legal action from the National… read more...
Economic Concerns Mount as Shilling Depreciates Post-Interest Rate Hike
Economic Concerns Mount as Shilling Depreciates Post-Interest Rate Hik…
Despite the Central Bank of Kenya (CBK) raising interest rates to combat the weakening local… read more...
Kenya Airways Takes the Lead as Africa's Punctuality Champion, Surpassing Ethiopian Airlines
Kenya Airways Takes the Lead as Africa's Punctuality Champion, Su…
In 2023, Kenya Airways (KQ) achieved the highest punctuality rate among East African flag carriers… read more...
Commuters Face Increased Toll Rates on Nairobi Expressway
Commuters Face Increased Toll Rates on Nairobi Expressway
The Nairobi Expressway toll rates have undergone revisions by the Government, increasing charges… read more...
Kenya Leads Sub-Saharan Africa in Economic Growth - World Bank
Kenya Leads Sub-Saharan Africa in Economic Growth - World Bank
According to a recent World Bank report on Kenya's poverty and equity assessment for 2023, the… read more...
Retail Giant Carrefour Slapped with Sh1.1 Billion Fine for Exploitative Buyer Practices
Retail Giant Carrefour Slapped with Sh1.1 Billion Fine for Exploitativ…
The Competition Authority of Kenya (CAK) has taken action against Carrefour, a French retail chain… read more...
Kenyans Feel the Pinch as Banks Raise Interest Rates
Kenyans Feel the Pinch as Banks Raise Interest Rates
Kenyan banks have begun increasing the rates on their shilling-denominated loans following the… read more...
Nairobi Residents Divided Over Food Vendor's Dollar-Only Policy
Nairobi Residents Divided Over Food Vendor's Dollar-Only Policy
The unveiling of a menu featuring meal prices in dollars at a popular restaurant in Gigiri, Nairobi… read more...
Beyond Real Estate, Where Kenyan Investors Are Allocating Their Funds
Beyond Real Estate, Where Kenyan Investors Are Allocating Their Funds
Investment options in Kenya have traditionally centred around land and rental properties. However,… read more...