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US Retains Its Place as Largest Source Country for International Visitors to Kenya
Business

US Retains Its Place as Largest Source Country for International Visitors to Kenya

The United States has retained its place as the largest source country for international visitors to Kenya, accounting for 14.4 percent of all arrivals recorded between January and November. Kenya received a total of…

Dec 29, 2022
Kenya Airways Resumes Daily Direct Flights to the US
Business

Kenya Airways Resumes Daily Direct Flights to the US

Kenya Airways (KQ) has resumed daily nonstop flights between Nairobi and New York City amid growing demand for travel on the route during the festive season. The national carrier has grappled with a fluctuating demand…

Dec 28, 2022
IMF Launches a Probe into Kenya’s US Dollar Shortage
Business

IMF Launches a Probe into Kenya’s US Dollar Shortage

The International Monetary Fund (IMF) says it is monitoring challenges in accessing the US dollar in Kenya in a bid to determine the reasons behind the crisis. IMF said the availability of dollars in the forex interba…

Dec 22, 2022
IMF Approves a Sh55 Billion Loan to Kenya
Business

IMF Approves a Sh55 Billion Loan to Kenya

The International Monetary Fund (IMF) has approved a $447.39 million (Sh55.1 billion) loan to Kenya for budgetary support. This is the fourth tranche of the $2.34 billion (Sh288 billion) 38-month-long loan facility wh…

Dec 20, 2022
Ruto Meets Delta Air Lines Officials in Bid to Sell a Majority Stake in Kenya Airways
Business

Ruto Meets Delta Air Lines Officials in Bid to Sell a Majority Stake in Kenya Airways

President Ruto has confirmed he met officials of Delta Air Lines during his visit to the US, where he launched a bid to sell a controlling stake in Kenya Airways (KQ). Ruto, who was in Washington, DC for the US-Africa…

Dec 19, 2022
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President Ruto Seeks Strategic Investors to Buy Kenya Airways in US Trip
Business

President Ruto Seeks Strategic Investors to Buy Kenya Airways in US Trip

President Ruto will seek strategic foreign investors to buy a controlling stake in Kenya Airways (KQ) during his current trip to the United States, Transport Cabinet Secretary Kipchumba Murkomen has said. Murkomen sai…

Dec 15, 2022
President Ruto Officially Launches Hustlers Fund, Repayment Period Set at 14 Days
Business

President Ruto Officially Launches Hustlers Fund, Repayment Period Set at 14 Days

President Ruto on Wednesday launched the first phase of the Hustlers Fund, one of the key campaign pledges of the Kenya Kwanza administration. To access cheap loans under the Hustlers Fund, Kenyans will only need to d…

Nov 30, 2022
Ban on Nairobi Nightclubs to Render 23,000 Employees Jobless, Bars Association Says
Business

Ban on Nairobi Nightclubs to Render 23,000 Employees Jobless, Bars Association Says

Pubs, Entertainment, and Restaurant Association of Kenya (PERAK) has said the recent ban on nightclubs in Nairobi will lead to massive job losses. The association warned that at least 23,000 full-time and temporary wo…

Nov 29, 2022
Safaricom Launches M-Pesa Go for Minors Aged 10 to 17
Business

Safaricom Launches M-Pesa Go for Minors Aged 10 to 17

Telecommunications giant Safaricom on Saturday launched a new financial product for teens and preteens aged between 10 and 17. Dubbed M-Pesa Go, the new service seeks to empower parents and guardians to raise a financ…

Nov 26, 2022
Governor Sakaja Dispels Reports That Nairobi Land Rates Will Double from January
Business

Governor Sakaja Dispels Reports That Nairobi Land Rates Will Double from January

Nairobi Governor Johnson Sakaja has refuted reports that land rates in the city county will double from January. Sakaja termed an article published by Business Daily on Friday as misleading, saying the county governme…

Nov 26, 2022
Nairobi Governor Sakaja Revokes Licenses for Night Clubs Operating in Residential Areas
Business

Nairobi Governor Sakaja Revokes Licenses for Night Clubs Operating in Residential Areas

Nairobi Governor Johnson Sakaja has revoked the licenses of all nightclubs operating in residential areas following a public outcry over noise pollution. Sakaja said the county government will no longer issue or renew…

Nov 25, 2022
Kenya and South Korea Reach a Deal on Free Trade Agreement
Business

Kenya and South Korea Reach a Deal on Free Trade Agreement

Kenya and South Korea have agreed on a roadmap that will lead to a free trade agreement (FTA) between the two countries. This followed bilateral talks between South Korean Trade minister Dukgeun Ahn and Kenya’s Trade…

Nov 25, 2022
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Kenya Secures Sh120 Billion from South Korea to Fund Development Projects
Business

Kenya Secures Sh120 Billion from South Korea to Fund Development Projects

Kenya has secured Sh120 billion from South Korea to fund various development projects including the Sagana Industrial Park as well as the Dongo Kundu and Naivasha special economic zones. The funds will also go towards…

Nov 24, 2022
Protest as Ship Carrying 10,000 Tonnes of Imported Maize Docks at Mombasa Port
Business

Protest as Ship Carrying 10,000 Tonnes of Imported Maize Docks at Mombasa Port

MPs have demanded answers from the government after reports that a ship carrying 10,000 tonnes of imported maize docked at the port of Mombasa on Tuesday.  Citing a manifest from the Kenya Ports Authority (KPA), Busin…

Nov 22, 2022
Google to Remove Loan Apps That Violate Central Bank of Kenya Rules from the Play Store
Business

Google to Remove Loan Apps That Violate Central Bank of Kenya Rules from the Play Store

Google has announced it will remove mobile loan applications that do not comply with the Central Bank of Kenya (CBK) regulations. This comes after the American tech giant reviewed its policies on November 16th requiri…

Nov 19, 2022
Gov’t Seeks a Foreign Strategic Investor to Buy Stake in Kenya Airways
Business

Gov’t Seeks a Foreign Strategic Investor to Buy Stake in Kenya Airways

The Treasury will look for a foreign strategic investor to buy a controlling stake in Kenya Airways (KQ) as part of the efforts to turn around the airline’s fortunes. Appearing before the National Assembly Finance Com…

Nov 15, 2022
World Travel Awards: Kenya's Twiga Tours Named World's Leading Safari Company
Business

World Travel Awards: Kenya's Twiga Tours Named World's Leading Safari Company

Kenyan safari company Twiga Tours has been named the World’s Leading Safari Company at the just concluded World Travel Awards held in Muscat, Oman. Twiga beat tough competition from other local, regional and internati…

Nov 14, 2022
Nairobi Emerges the Only African City in Latest Global Cities Index
Business

Nairobi Emerges the Only African City in Latest Global Cities Index

Kenya’s capital Nairobi is the only African city listed among the 45 global cities that posted growth in Q3 2022, according to the latest Prime Global Cities Index by Knight Frank. Nairobi ranked position 29, two posi…

Nov 9, 2022
President Ruto Says Kenya Airways and South Africa Airways Committed to Form a Pan-African Airline
Business

President Ruto Says Kenya Airways and South Africa Airways Committed to Form a Pan-African Airline

President Ruto has said Kenya Airways (KQ) and South Africa Airways (SAA) are still committed to a strategic partnership to form a Pan-African Airline Group. Speaking during a joint media briefing with his South Afric…

Nov 9, 2022
Labor Court Orders Striking Kenya Airways Pilots to Resume Work on Wednesday
Business

Labor Court Orders Striking Kenya Airways Pilots to Resume Work on Wednesday

The Employment and Labor Relations Court has directed Kenya Airways (KQ) pilots to call off their industrial action and return to work on Wednesday at 6 a.m. In a ruling on Tuesday, Justice Anna Mwaure also ordered th…

Nov 8, 2022
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