BUSINESS NEWS

Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for Kenya's Investment Abroad
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for K…
Ethiopia has surpassed Tanzania and Uganda as the leading destination for Kenya's investment abroad… read more...
Kenya Seeks New Financing From IMF
Kenya Seeks New Financing From IMF
Kenya is seeking yet another financing from the International Monetary Fund as the International… read more...
New List of Kenya's Little-Known Firms Earning Billions Revealed
New List of Kenya's Little-Known Firms Earning Billions Revealed
Little-known Kenyan firms providing digital services in trade facilitation, agriculture and… read more...
Kenya Airways, China Southern Airlines Renew Suspended Interline Deal
Kenya Airways, China Southern Airlines Renew Suspended Interline Deal
Kenya Airways (KQ) and China Southern Airlines (CZ) have renewed their interline agreement which… read more...
Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the US
Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the U…
Econews Africa and the Kenya Small Scale Farmers Forum have called for the suspension of the… read more...
Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion
Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion
Kenya Airways (KQ) has posted a Sh38.2 billion net loss for the full year ending December 31st,… read more...
Kenya's Equity Group Ranked Fourth Strongest Banking Brand Globally
Kenya's Equity Group Ranked Fourth Strongest Banking Brand Global…
Kenya’s Equity Group has been ranked among the strongest banking brands globally. Equity jumped one… read more...
Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity
Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity…
Kenyan tea farmers are set to earn more from the export of tea to Pakistan after the South Asian… read more...
Kenya to Receive $1 Billion Loan from the World Bank
Kenya to Receive $1 Billion Loan from the World Bank
The World Bank has approved a Sh32 billion increase in Kenya’s loan request, with the country now… read more...
Five Kenyan Startups Selected for Inaugural Google Accelerator Program
Five Kenyan Startups Selected for Inaugural Google Accelerator Program…
Women Founders Africa Program has selected five Kenyan startups for the inaugural Google for… read more...
Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit
Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit
Kenya has inked a deal with Saudi Arabia and the United Arab Emirates (UAE) to import oil products… read more...
20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubator
20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubat…
20 Kenyan-based fashion start-ups have been selected for the third class of the British Council’s… read more...
Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Project
Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Proj…
The government is seeking the World Bank’s support to fund the Kenya Digital Superhighway Project.… read more...
US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda
US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda
US President Biden’s administration has included the proposed bilateral trade pact with Kenya in… read more...
Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion Debt
Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion…
Transport Cabinet Secretary Kipchumba Murkomen says the government is still looking for a strategic… read more...
Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Service
Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Se…
Three Kenyan MPesa users have filed a lawsuit against Safaricom over its Fuliza overdraft facility… read more...
Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout
Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout
Safaricom has announced a Sh23.4 billion dividend payout for its stakeholders, which is equal to… read more...
CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufacturing Plant in Kenya
CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufactu…
Trade Cabinet Secretary Moses Kuria has announced he will help the owner of China Square to set up… read more...
Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market
Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market
Investments, Trade and Industry Cabinet Secretary Moses Kuria wants the now popular China Square on… read more...
Username Investments Donates Sh500,000 Towards Education Sponsorship
Username Investments Donates Sh500,000 Towards Education Sponsorship
Username Investment Ltd. recently donated Kshs 500,000 in support of needy but bright students… read more...
JPMorgan Chase to Set Up a Regional Office in Nairobi
JPMorgan Chase to Set Up a Regional Office in Nairobi
American multinational financial services company JPMorgan Chase will set up a regional office in… read more...
Amazon’s Smart Home Security Company Ring Enters the Kenyan Market
Amazon’s Smart Home Security Company Ring Enters the Kenyan Market
American company Ring has inked a partnership with Nairobi-based tech company Mart Networks to… read more...
US Issues Kenya a Default Notice for Sh57 Billion Kenya Airways Debt
US Issues Kenya a Default Notice for Sh57 Billion Kenya Airways Debt
The Exim Bank of the USA has slapped the Treasury with a default notice for delayed payment of a… read more...
Kenyan and US Officials to Hold Discussions on Strategic Trade and Investment Partnership
Kenyan and US Officials to Hold Discussions on Strategic Trade and Inv…
Trade representatives from Kenya and the US are set to hold an in-person first round of conceptual… read more...
Kenya Airways Issues a Full Year Profit Warning
Kenya Airways Issues a Full Year Profit Warning
Kenya Airways (KQ) has announced that its net earnings for the year ending December 31st, 2022,… read more...
Gov’t Protests Dutch Airline KLM’s Claims of Civil Unrest in Kenya
Gov’t Protests Dutch Airline KLM’s Claims of Civil Unrest in Kenya
Kenya is set to lodge a formal complaint with the Netherlands after the country’s flag carrier… read more...
US Gov’t Funds Construction of a Sh3.7 Billion Data Center in Nairobi
US Gov’t Funds Construction of a Sh3.7 Billion Data Center in Nairobi
The United States government has committed $30 million (Sh3.7 billion) for the expansion of a data… read more...
Detectives Arrest Six Suspects Manufacturing Fake KRA Stamps in Nairobi
Detectives Arrest Six Suspects Manufacturing Fake KRA Stamps in Nairob…
Detectives in Nairobi have arrested six suspects in connection with the production of fake Kenya… read more...
Elon Musk's Company Set to Launch Satellite Internet Service in Kenya
Elon Musk's Company Set to Launch Satellite Internet Service in…
American satellite internet provider Starlink has announced it will launch in Kenya in the second… read more...
East African Community to Have a Single Currency By 2027
East African Community to Have a Single Currency By 2027
The East African Community (EAC) is currently working on a plan to have a common currency by 2027.… read more...