BUSINESS NEWS

President Kenyatta’s cousin Ngengi Muigai has lost the ownership of 443 acres of land estimated to be worth more than Sh3 billion. This is after he lost an appeal seeking to bar Kenya Commercial Bank (KCB) from auctioning the property he used as security for loan borrowed 29 years ago. Court of…

Kenya has inked a deal with the United States that will allow more than 2,0000 small businesses in counties of Nairobi, Mombasa and Vihiga sell their products to the expansive American market by December 2018. A Memorandum of Understanding signed between the two countries paves way for Kenyan Small…

Former Nairobi County Governor Dr. Evans Kidero has accused his successor Mike Sonko of taking credit for projects he initiated before leaving office. Kidero claims that Governor Sonko is taking credit for programmes started during his tenure, giving examples of the digitization of revenue…

Kenya has been named the world’s leading safari destination by the World Travel Awards for the fourth time, after scooping the same prize in 2013, 2015 and 2016. Kenya garnered the highest votes to scoop the coveted award during a grand ceremony held at JW Marriott Phu Quoc Emerald Bay Hotel in…

At least 20 people are feared dead following a multiple-vehicle crash on Tuesday afternoon at the dreaded Sachangwan area along Nakuru-Eldoret highway. Eye witnesses said that a truck driver headed to Nakuru was being chased by National Transport and Safety Authority (NTSA) officials before he lost…

US giant fast food restaurant chain McDonald’s is set to enter the Kenyan market as it continues to extend its wings across the world. The restaurant will be launching its first store in the country in the next six months through a franchize model. The restaurant will be located at the…

Safaricom has refuted claims that its ailing Chief Executive Office Bob Collymore has been fired. Speaking to press, Safaricom Foundation Chairman Joseph Ogutu dismissed the claims, noting that Collymore has been in the United Kingdom receiving specialised treatment and will soon return to the…

Former Safaricom CEO Michael Joseph says he would love to die in Kenya. Joseph, who headed Safaricom before handing over to his successor Bob Collymore has disclosed intricate information of his personal and professional life during an interview with Vodafone. He will be remembered for his role in…

Police detectives have recovered Sh17 million out of the Sh50 million stolen from a Kenya Commercial Bank branch in Thika last week after robbers dug an underground tunnel to reach the bank's strong-room. The recovery occurred after police apprehended three suspects at Marurui estate in Juja,…

South Africa's exports to Kenya in the first eight months of 2017 hit Sh42.7 billion, an increase of Sh11 billion over the same period the previous year. The 34 percent increase means that the continent's most industrialized economy has jumped the United States in exports to Kenya. South Africa is…