BUSINESS NEWS
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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…
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In a bid to curb fraud, Kenya’s giant telecommunication firm Safaricom says that mobile money (MPesa) agents will soon begin using photos to identify those withdrawing or depositing money via the platform.
Safaricom said that it has distributed 25,000 pre-programmed smartphones to M-Pesa agents…
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After a recent report by the Kenya Revenue Authority (KRA) showing more than 100 Kenyans who have joined the Billionaire club owing to their annual profits, it has emerged that at least three Kenyan churches are also running businesses with annual turnover of between Sh350 million and Sh1…
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Kenya’s giant gaming firm SportPesa says it will be shutting down its operations in Kenya and explore other markets following the government’s decision to impose a 35 percent tax on all gambling companies.
The firm said that it will be shifting base to Tanzania and in the United Kingdom (UK), a…
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A recent publication of Kenya’s top taxpayers’ by the Kenya Revenue Authority’s (KRA) has unearthed more than 100 Kenyans who have joined the billionaires club in recent times, even as Kenya continue to grapple with tough economic times.
The taxman list the ‘silent billionaires’ with an annual…
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A recent deal between United States Government and a Kenyan Firm will see more than 2,000 Kenyan youth trained and employed in the Kenyan textile industry.
USAid East Africa Trade and Investment Hub (the Hub) and Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative…
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Kenya Airways (KQ) has made a major stride in its efforts to have direct flights to the United States, after being granted air traffic rights to the United States' airspace.
Transport Cabinet Secretary James Macharia said that Kenya Airways now awaits other crucial licenses to see it fly direct…
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Global taxi Service Company Uber has spelt out tough guidelines for its customers in Kenyan and the East African, with one risking losing their access to the services, if found breaching the rules.
In a statement, the firm said that while drivers have strict rules of conduct, the new guidelines…
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Barclays Bank Kenya has announced that it will be closing seven branches in the country as a continued plan to optimize its operations. The multinational financial institution said that five branches in Nairobi, one in Meru and another in Voi will stop operations from October 1st.
This will see…
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Kenya will be collaborating with the United States government in the areas of digital economy and cyber security to boost security and protection of information. Information and Communication Technology (ICT) Cabinet Secretary Joe Mucheru has said that the partnership aims at securing information…
