BUSINESS NEWS

US Ambassador to Kenya Meg Whitman Envisions Kenya as Africa's Singapore
US Ambassador to Kenya Meg Whitman Envisions Kenya as Africa's Si…
United States Ambassador to Kenya Meg Whitman believes that a revitalized manufacturing sector has… read more...
Kenya Airways Suspends Flights To Kinshasa
Kenya Airways Suspends Flights To Kinshasa
Kenya Airways (KQ) has announced the suspension of its flights to Kinshasa, the capital city of the… read more...
Kenya Lags Behind East African Peers in Employment Ranking
Kenya Lags Behind East African Peers in Employment Ranking
The recent Global Youth Development Index (GYDI) for 2023 sheds light on Kenya's position in youth… read more...
Kenyan Banks Tighten Credit as Shilling Weakens
Kenyan Banks Tighten Credit as Shilling Weakens
The Kenyan economy is currently navigating a period of heightened volatility in the foreign… read more...
How Kenya-Uganda Diplomatic Rift Disrupted Mombasa Port Cargo Flow
How Kenya-Uganda Diplomatic Rift Disrupted Mombasa Port Cargo Flow
A months-long dispute between Kenya and Uganda in 2023 significantly impacted cargo movement… read more...
Comment on Hotel Rankings Counterproductive, Hoteliers Tell CS Mutua
Comment on Hotel Rankings Counterproductive, Hoteliers Tell CS Mutua
Kenya's tourism sector is facing friction between the government and hoteliers. Cabinet Secretary… read more...
Investing in Kenya? A Guide to Corporate Tax Rates and Regulations
Investing in Kenya? A Guide to Corporate Tax Rates and Regulations
The concept of taxation has a long history dating back to ancient civilizations. In Kenya, a more… read more...
Electricity Cost Drops by 14pc in Kenya Amid Boost in Generation
Electricity Cost Drops by 14pc in Kenya Amid Boost in Generation
Heavy rains have caused water levels at Masinga Dam, Kenya's largest hydropower reservoir, to surge… read more...
The Rise of KDF's Supermarket Chain Generating Sh1 Billion in Turnover
The Rise of KDF's Supermarket Chain Generating Sh1 Billion in Tur…
The Kenya Defence Forces (KDF) established the Defence Forces Canteen Organization (DEFCO) in 1973… read more...
Six Kenyan Companies Among Africa's Billion-Dollar Enterprises
Six Kenyan Companies Among Africa's Billion-Dollar Enterprises
A recent report by the McKinsey Global Institute sheds light on the landscape of large companies in… read more...
Kenyan Startup Draws Billions from Former Google, Netflix CEOs
Kenyan Startup Draws Billions from Former Google, Netflix CEOs
Kenyan cleantech startup SunCulture has secured significant funding with a portion coming from two… read more...
UK Suspends Tariffs on Kenyan Cut Flowers
UK Suspends Tariffs on Kenyan Cut Flowers
The Kenyan horticulture industry has secured a positive development with the UK's temporary removal… read more...
The Kenyan Shilling Gains Strength Against the US Dollar
The Kenyan Shilling Gains Strength Against the US Dollar
The Kenyan shilling displayed remarkable resilience against the US dollar on Tuesday, trading at a… read more...
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...