BUSINESS NEWS

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The United States has pledged more funds to support devolution in Kenya. Speaking when he met Senate Speaker Ken Lusaka and leader of Majority Kipchumba Murkomen at Parliament buildings on Thursday, Ambassador Robert Godec said US is focused on strengthening devolved units in the country in order…
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The decision by Communications Authority (CA) to drop an earlier controversial proposal to split Safaricom from its mobile money service, M-pesa has been met with opposition. Safaricom's rival Airtel, which is the country's second largest telecommunications company after Safaricom has questioned…
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It was double woes for struggling retail chain Nakumatt after residents looted its stock following its eviction from Nanyuki Mall on Tuesday. Police were forced to shoot in the air to scatter a crowd of area residents who scrambled for the supermarket's items, which had been thrown out by owners of…
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A maiden Standard Gauge Railway (SGR) cargo train on Monday evening arrived at the ultra-modern inland container depot in Nairobi carrying 104 containers. President Kenyatta said the SGR cargo service will significantly cut down the cost of doing business in the country. During his New Year address…
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The government through Ministry of Transport has announced it will start issuing digital driving licences to public service vehicles (PSV) drivers in a bid to curb the increased road carnage that has claimed more than 300 lives in the month of December alone. In a statement, Transport Cabinet…
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Kenya’s Angama Mara has been named as the world’s best safari lodge for year 2017 by a United States travel Magazine. Jetsetter, a magazine linked to the TripAdvisor travel portal, placed Angama Mara at the top of its listing of ‘The World’s Most Spectacular Safaris.’ The prestigious lodge situated…
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The maize flour subsidy program is set to halt an the end of this month, with the government upbeat that maize imports as well as harvest from this year’s season will maintain the price of unga at current rates. Agriculture Cabinet Secretary Willy Bett says the end of the subsidy will pave way for…
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50 people, including 22 from self-ruled Taiwan extradited back to China from Kenya over telecoms fraud were on Thursday sentenced for up to 15 years by a Beijing court. However, Taiwanese government has castigated China over the sentencing, saying that crucial evidence was ignored during the cases…
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President Kenyatta has on Wednesday held discussions with Canadian Immigration, Refugees and Citizenship Minister Ahmed Hussen, who paid him a courtesy call at his Harambee House office in Nairobi. During the talks, Hussen said Canada is keen to strengthen trade ties with Kenya, especially in the…
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World's leading fast-food chain, McDonald’s has refuted reports that there were plans to open its first outlet in the Kenyan capital, Nairobi. Earlier reports said that the US-based chain was planning to open a restaurant in Nairobi by June 2018, after it had invited investors to put in…