BUSINESS NEWS
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World’s largest internet search engine has been slapped with a 2.22 Billion Euro fine by the European Union (EU) antitrust regulators on its Alphabet unit Google on Tuesday for illegally favoring its shopping service.
The European Commission gave Google an ultimatum of 90 days to halt its anti-…
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Kenya and Uganda have re-affirmed their commitment to having the ongoing construction of the Standard Gauge Railway (SGR) line reach Kampala.
In a joint press briefing, Uganda Minister for Works and Transport Monica Azuba Ntege and Kenya’s Cabinet Secretary for Transport James Macharia said that…
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The Central Bank of Kenya (CBK) has issued a license to Mayfair Bank Limited, an institution that is associated with Nairobi gubernatorial aspirant Peter Kenneth to conduct banking business in Kenya.
In a statement, the Central Bank of Kenya said that Mayfair Bank Ltd will increase the choices of…
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A United States wind firm has moved to court accusing the National Land Commission Chairman Muhammad Swazuri of awarding 3,000 acres of land allocated to the firm by the Lamu County government to a local energy firm. The firm,Cordisons International, intended to construct a Sh21 billion wind power…
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The American Cancer Society (ACS) and Clinton Health Access Initiative (CHAI) have helped Kenya enter into a deal with two global drug manufacturers, Pfizer and Cipla. The deal will see Kenya purchase up to 16 cancer drugs at half the market price.
This deal will see a tremendous increase in…
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The Kenya Bureau of Standards (KEBS) has dismissed claims of the existence of plastic rice in the country. KEBS Managing Director Evans Ongwae says their market surveillance team embarked on efforts to ascertain whether the claims were true, but after conducting several surveys and collecting…
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The United States Secretary of Commerce Wilbur Ross has asked Kenya and African countries to fulfill their obligations under the terms of Agoa, a special trade program of considerable benefit to Kenya.
The Agoa program offers Kenya with over 66,000 jobs, which earned the country Sh35.2 billion in…
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A Kenyan local investment group which is partly backed by the Kenyan diaspora community has bounced back to profit on lower costs and a tax credit.
Fountain Enterprise Program (FEP) Group announced that it has made a Sh106.01 million profit in year ended December 2016, compared to a loss of Sh905.7…
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Kenya Airways has moved an inch closer to flying direct flights to the United States, after the Department of Transportation (DOT) granted it the first set of licenses.
The Airline has received “exemption authority” license from the DOT, granting it a nod to launch flights to the US so long as it…
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The Government of Kenya has explained the reason why it decided to hire Trump-connected US lobbying firm, SPG. The Kenyan Embassy in Washington, DC said that the firm was hired by Kenya to help block a threat to the sizable trade benefits the country receives through the Agoa program.
The Embassy…