BUSINESS NEWS
0
Middle-East giant airline, Qatar Airways will be launching direct flights Doha and Kenyan coastal city, Mombasa. The move will increase domestic competition for national carrier Kenya Airways.
The Middle East carrier already operates daily flights to Nairobi and has named Mombasa as one of the 12…
0
The World Bank projects the Kenyan economy to grow at 5.5 percent in 2017; this is down from 6 percent it had initially estimated. The World Bank cites the ongoing drought and slowdown in private sector credit as the reason for this review.
An Economic Update by the bank further shows that the rise…
0
Safaricom has announced that it will offer free MPesa services for 24 hours starting at midnight Tuesday into Wednesday as compensation for a network outage that saw its customers nationwide lose services for several hours on Monday.
During the outage millions of Safaricom’s customers had no access…
0
Kenya Commercial Bank (KCB) has announced that it has kicked off a process that will see over 1000 employees laid off. The Kenya’s biggest banking group by assets said in a statement that it has offered a voluntary program for its workers who are considering early retirement as the bank kicks off…
1
Kenya has been warned against Internet shutdown during the elections period as it could face tough consequences from the body that manages Internet addresses in Africa if a new proposal is adopted.
The proposal forwarded by some members of the African Network Information Centre (AFRINIC) would deny…
0
French state broadcaster France Medias Monde has expressed its interests to enter into the increasingly competitive Kenyan television space.
A Kenya Gazette notice published on Friday shows that the French giant broadcaster, which owns among others, the France24 channel, has applied for a license…
0
The Kenya Rugby Union has expressed fears that the 50 per cent taxation imposed on betting firms by the Kenyan government could have a negative impact on sports sponsorships in the country.
Kenya Rugby Union Chief Executive Officer Ronald Bukusi in a statement to the media argued that sponsorships…
1
Nairobi has been named as the most attractive city in Middle East and Africa (MEA) for global Fortune 500 companies, shows a new report.
The report that was released by Infomineo, a global business research company that specializes in Africa and the Middle East, focuses on multinationals looking at…
1
President Uhuru Kenyatta and Nairobi Governor Evans Kidero on Saturday honored pioneer businessman Gerald Gikonyo with ‘Keys to the City’.
The ceremony was held at State House, Nairobi to honor the chairman and founding member of the multi-billion shilling Rwathia Group, a conglomerate of numerous…
0
Former Safaricom CEO Micahel Joseph has been appointed to the board of MFS Africa, a South African technology company.
Michael Joseph will serve as a non-executive director to help strengthen MFS Africa’s relationships with banks, mobile network operators, and money transfer organizations.
MFS…