BUSINESS NEWS
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In 2023, Kenya Airways (KQ) achieved the highest punctuality rate among East African flag carriers, surpassing Ethiopian Airlines, which had held the top spot for years.
Cirium, an aviation analytics company, reports that KQ attained on-time arrivals for more than 70% of its 41,905 flights,…
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The Nairobi Expressway toll rates have undergone revisions by the Government, increasing charges for motorists.
Transport Cabinet Secretary Kipchumba Murkomen has officially approved an increase in the fare for travelling from Westlands to Mlolongo. Previously set at Sh360, the new rate now stands…
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According to a recent World Bank report on Kenya's poverty and equity assessment for 2023, the country has experienced notable economic growth in the past decade, surpassing its Sub-Saharan African counterparts.
Kenya has achieved an impressive growth rate of 7.6% despite the obstacles presented by…
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The Competition Authority of Kenya (CAK) has taken action against Carrefour, a French retail chain, for exploiting its influence as a buyer.
After completion of an inquiry, Carrefour has received a fine of Sh1,108,327,873.60 from the Authority due to harassment inflicted on two suppliers, Pwani Oil…
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Kenyan banks have begun increasing the rates on their shilling-denominated loans following the Central Bank of Kenya's decision to raise its benchmark lending rate to an 11-year high.
In a recent development, NCBA Bank has opted to raise its base lending rate from 14.5 per cent to 16.5 per cent.…
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The unveiling of a menu featuring meal prices in dollars at a popular restaurant in Gigiri, Nairobi County, sparked a fierce debate on Wednesday.
The restaurant owner has introduced a new policy In light of the unpredictable performance of the Kenyan Shilling throughout the year. Now, customers are…
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Investment options in Kenya have traditionally centred around land and rental properties.
However, as the investment market continues to evolve, Kenyans are actively seeking alternative methods to broaden their investment portfolios. A rising trend in this pursuit is the growing popularity of Money…
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President William Ruto adhered to the conditions set by the International Monetary Fund (IMF) and eliminated all subsidy spending in the first quarter of September.
The government had Initially earmarked to allocate Sh24.87 billion in government subsidies, mainly for fertiliser, in the financial…
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Airtel Networks Kenya Limited has emerged victorious in a legal dispute against the Kenya Revenue Authority (KRA), resulting in a loss of Sh791 million for the tax agency.
Judge Alfred Mabeya of the Commercial Court has determined that the Kenya Revenue Authority's (KRA) request for transaction…
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Lawyer David Chumo has taken legal action against the Directorate of Criminal Investigations (DCI) regarding the location of Anne Njeri Njoroge, a businesswoman associated with the importation of diesel worth Sh17 billion.
The case has been filed at the High Court in Mombasa where Chumo is seeking…