BUSINESS NEWS

The Central Bank of Kenya (CBK) has confirmed that new generation currency notes will be rolled out before the end of May, 2018. Addressing the press on Friday, CBK governor Patrick Njoroge said: “We are moving ahead with the production and issuance of the new generation currency consistent with…

Safaricom share price hit a new record high on Wednesday, after it jumped 5.6 per cent to Sh28.25 per share. The rapid increase was prompted by the return of foreign investors to the Nairobi Securities Exchange (NSE) after political upheaval in the country lowered following Monday's Supreme Court…

Unknown robbers stole Sh50 million from a Kenya Commercial Bank (KCB) branch in Thika town after digging an underground tunnel to access the safe. Thika KCB bank branch manager Samuel Nganga told the police that he discovered the cash was not there while carrying a routine check on the strong room…

Airtel has reaped big from opposition National Super Alliance (NASA) call for boycott of Safaricom products. The Indian-owned mobile service provider has signed more than 11,000 new subscribers in Homabay County, a perceived opposition stronghold, since NASA announced a boycott against Safaricom…

Yolanda Cuba, the Chief Executive Officer of Vodafone in Ghana has dismissed claims that there is plan to have her replace ailing Safaricom CEO Bob Collymore following his extended sick leave. In a statement on her Twitter handle, Cuba dismissed the reports widely circulated on Kenyan social media…

The government has expressed optimism that Jomo Kenyatta International Airport (JKIA) will pass the recent audit by United States Transport department. Speaking to the media on Monday, Transport Cabinet Secretary James Macharia said results of the audit will be out in the next six weeks. "The…

The market valuation of giant mobile service provider Safaricom has reduced by Sh20 billion in the first week of opposition National Super Aliance's calls for boycott of its products, Business Daily reports. Some analysts however said the political action by the opposition was unlikely to…

The national government and the Nairobi County government have agreed to undertake a joint multi-billion shilling program that focuses on economic and social welfare of Nairobi. In a meeting chaired by President Uhuru Kenyatta on Wednesday at his Harambee House office in Nairobi, the two levels of…

Central Organisation of Trade Unions (COTU) has called on opposition National Super Alliance (NASA) to reconsider its decision to push for boycott of products from some companies. In a statement, COTU Secretary General Francis Atwoli termed the boycott calls as dangerous, saying the move would hurt…

Safaricom dealers have warned that more than one million Kenyans could lose their jobs as a result of opposition National Super Alliance (NASA) call for boycott of the company's products and services. Speaking during a media briefing in Nairobi on Monday, Safaricom Dealers Association chair Esther…