BUSINESS NEWS
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Kenya Commercial Bank (KCB) will be closing several of its branches in war tone South Sudan as a result of deflation of the country’s currency, persistent civil war and run-away inflation that dwindled the bank earnings in 2016.
“KCB board of directors has approved the temporary closure of some…
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Kenya Airways has hired a Polish to spearhead the national carrier’s reversal plan following a series of hard times experienced by the carrier. Sebastian Mikosz will take over the mantle of leadership for the carrier that has registered massive losses in past years.
Sebastian has substantive…
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Dubai has been named one of the leading destinations of choice for more than 15 million visitors annually owing to its magnificent structures; shopping malls and other tourists’ attraction sceneries and Kenyans have not been left behind.
Kenya’s leading Tours and Travel Company, Bonfire Adventures…
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The Kenya Flower Council (KFC) is positive that the transport costs for flowers will lower by half with the nodding of direct flights between Kenya and the United States.
Cargo flights which ship flowers to America from Kenya have to transit at Amsterdam or South Africa which makes the shipping…
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Kenya’s Non-Governmental Organization Coordination Board has suspended the operations of Kalonzo Musyoka Foundation and frozen the NGO’s bank accounts.
The Board’s Executive Director, Fazul Mohamed in a letter dated May 2nd indicated the board took the action because the Foundation has unaccounted…
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Kenya Foreign Affairs Cabinet Secretary Amina Mohamed has embarked on a campaign aimed at strengthening ties between Kenya and the United States of America.
Amina campaigned to have the US help Kenya improve its economic and security situation arguing that the ties will benefit both nations.…
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A Memorandum of Understanding (MoU) that seeks to strengthen the security of Kenya and the United States through the exchange of passenger information has been signed between the two nations.
The Automated Targeting System- Global opens the opportunity for Kenya to actualize the dream of having…
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The US Government has improved funding to Kenya’s energy sector following a pact entered between the two countries’ power producers.
The US, through US Trade and Development Agency (USTDA) has given KenGen and Xago Africa a funding of Sh160 million which they will use to develop electricity…
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The Swiss government has announced that it will be confiscating assets worth Ksh200 million related to the Anglo-Leasing Scandal that saw Kenya lose billions of money.
According to the Swiss Ambassador Ralf Heckner, Switzerland will be returning the assets that were looted from Kenya once the court…
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A company contracted by Kenya to drill oil in Turkana, Tullow Oil has announced that it has discovered more oil in two new wells.
The discovery is likely to increase the predicted recoverable oil from the South Lokichar basin in Turkana County.
According to the firm, the two wells had shown…
