BUSINESS NEWS

Cloud storage data firm Angani Limited shareholders are embroiled in an ownership tussle pitting United States hedge fund BSP, former Google policy manager for Africa Ory Okolloh, and 14 other local and foreign individuals and companies. Kenyan nationals Phares Kariuki, Brian Muita and Aaron Mbowa…

The Kenya Air Forces (KDF) has received two additional helicopters from the United States as it fulfills its pledge to strengthen the Kenyan military in the war against Somalia-based terror group Al-Shabaab. Last December, the United States gave the Kenyan Forces six similar war choppers that Kenya…

Chinese Billionaire Jack Ma, Asia’s richest man, landed in Kenya on Wednesday evening, carrying with him a delegation of 38 billionaires drawn from China. Ma, the founder and executive chairman of Chinese e-commerce behemoth Alibaba, is expected to kick start his two-day tour with a public…

A United States-based advisory firm leading Kenya Airways’ (KQ) balance sheet reformation will be getting the lion’s share of the Sh1.4 billion that is set aside for payment to transaction advisers. The firm, PJT Partners was selected as the Kenya Airways’ reorganization adviser in February…

Tanzania has warned Kenya that it will slap retaliatory bans on Kenyan products entering Tanzania if Kenya fails to lift ban it imposed on their products. Diplomatic and trade relations between Kenya and Tanzania seem to be going through turbulent times after Kenya banned Tanzanian wheat flour and…

Kenya is set to receive another world high profile guest after receiving former US president Barrack Obama, Catholic Pope Francis, Israel Prime Minister Benjamin Netanyahu, India Prime Minister Narendra Mondi among others in recent years. Starting Monday next week, Kenya will host Asia’s…

A fresh storm is looming between the Government of Kenya and global giant internet firm Google over 'dangerous' content published on the latter's YouTube channel. The Government has raised alarm over the proliferation of hate speech published on social media channels including Facebook, YouTube and…

Kenya will be doing away with the old driving licenses and ushering in digital driving licensing, whose roll-out is scheduled to begin early next month after launch by President Uhuru Kenyatta. The National Transport and Safety Authority (NTSA) has said that it has prepared 100,000 smart cards…

A newly released report lists Standard Chartered Bank as the financial institution that charges highest maintenance and transaction costs for customers' accounts among Kenya’s leading banks. The report, which was compiled after a two-year survey of the financial market by Financial Sector…

Kenya has moved in to quell a looming diplomatic row with neighboring Tanzania, after Kenya banned the importation of cooking gas from Tanzania through the Namanga border. The government has announced that it will purchase new equipment that will be used to test cooking gas entering the local…