BUSINESS NEWS

Brussels Airlines Comeback Flight to Nairobi Marks Renewed Confidence in Kenya
Brussels Airlines Comeback Flight to Nairobi Marks Renewed Confidence…
Brussels Airlines has made a triumphant return to Nairobi after a hiatus of nearly a decade.
Flight Price Could Rise by 40pc, Warns Kenya Association of Air Operators
Flight Price Could Rise by 40pc, Warns Kenya Association of Air Operat…
The Kenya Association of Air Operators (KAAO) has voiced strong opposition to the 2024 Finance Bill… read more...
Kenyan Shilling Defies Global Trends, Maintains Value Against US Dollar
Kenyan Shilling Defies Global Trends, Maintains Value Against US Dolla…
The Kenyan shilling has remained resilient against the US dollar in recent days, despite… read more...
Kenya's Inflation Rate Soars to 5.1%
Kenya's Inflation Rate Soars to 5.1%
Kenya's inflation rate climbed to 5.1% in May 2024, reversing a three-month trend of decline.
BAT Increases Payout to Retain Dwindling Farming Workforce
BAT Increases Payout to Retain Dwindling Farming Workforce
In a bid to address the declining number of contracted tobacco farmers, British American Tobacco (… read more...
Residents Raise Issues Prior to Tea Estate's Impending Sale
Residents Raise Issues Prior to Tea Estate's Impending Sale
The recent acquisition of Lipton Teas and Infusions (formerly Ekaterra) estates by Sri Lankan firm… read more...
Dangerous Aflatoxin Levels Found in Popular Kenyan Flour Brand
Dangerous Aflatoxin Levels Found in Popular Kenyan Flour Brand
The discovery of excessive levels of aflatoxin in a popular brand of maize flour has prompted the… read more...
Slow Internet Connections Likely to Persist, Communications Authority of Kenya Warns
Slow Internet Connections Likely to Persist, Communications Authority…
A recent cut in undersea fibre optic cables near Mtunzini, South Africa, has caused internet… read more...
Products Exempted From Tax In Proposed Finance Bill 2024
Products Exempted From Tax In Proposed Finance Bill 2024
The Kenyan government's Finance Bill for 2024 outlines significant alterations to the country's tax… read more...
Proposed Tax Reforms in Kenya's 2024 Finance Bill Draw Criticism
Proposed Tax Reforms in Kenya's 2024 Finance Bill Draw Criticism
The Kenyan government's Finance Bill 2024 has sparked debate due to proposed increases in excise… read more...
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...