BUSINESS NEWS

ABC Bank has unveiled a new anti-money laundering software known as OMNIEnterprise as global regulators continue to warn against money laundering. John Rioba, the financial institution's head of risk and compliance, divulged that other than the new technology crafted by Infrasoft Technologies Ltd,…

Authorities from the United Kingdom have launched investigations into claims that cigarette maker British American Tobacco (BAT) oversaw a systematic bribery syndicate in Nairobi with an aim to stifle anti-smoking laws and collect business intelligence on competitors. The investigation is expected…

Kenya is likely to receive increased international tourist arrivals from China starting in September, following the recent visit of e-commerce tycoon Jack Ma two weeks ago. Reports from leading Chinese tour operators indicate a rise in holiday booking inquiries about Kenya from their customers…

Alphabet’s Google Chief Executive Officer has announced plans to train Kenyans to equip them with online skills over the next five years in a program aimed at making them more employable. The US-based technology giant said that it will train 10 million People in Africa with online skills and a…

Kenya Airways says that most of its flights could be cancelled or delayed as a result of operational disruption prompted by flight crew constraints. In a statement to newsrooms on Saturday, the airline assured that its clients remain their highest priority, promising that those who will be affected…

Kenyan car manufacturer Mobius Motors has announced it will be launching a second and improved model vehicle that will retail at around Sh1.3 million including Value Added Tax (VAT), raising the price from Sh1.1 million for its first make, unveiled in 2014. Mobius said that potential buyers of the…

Brookside Dairy, a company connected to President Uhuru Kenyatta's family is among 20 Kenyan companies that have been banned from accessing Tanzania market, despite last week’s deal that lifted export restrictions between the two countries. New KCC, cigarette manufacturer BAT, all the cement makers…

Two Kenyan universities are among 19 higher learning institutions that have been blocked by Tanzania from admitting students in that country in September. Kenyatta University and Jomo Kenyatta University of Agriculture and Technology (JKUAT) and 19 others were found short of standards requirements…

US Ivy League institution Harvard University has entered into a partnership with Aga Khan University to offer a series of courses for senior executives in Kenya. The courses to be offered aim at sharpening the leadership and communication skills of managers and will be rolled out at the Aga…

An investigation by a Kenyan media outlet has revealed that rent-seeking government officers in collaboration with corrupt businessmen are selling donor-funded free HIV medication on the black market, depriving poor Kenyans access to the life-saving drugs. The probe found that essential drugs such…