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Raila’s ODM Richest Political Party in Kenya, Worth Sh10 Billion
Business

Raila’s ODM Richest Political Party in Kenya, Worth Sh10 Billion

The Orange Democratic Movement (ODM) party is worth Sh10 billion, making it the richest political outfit in Kenya. Citing ODM’s latest disclosures, Nation reported that the Raila Odinga-led party’s value grew by 12.4…

Sep 30, 2022
Safaricom, Banks Lower Fuliza Daily Charges By Up to 40 Percent
Business

Safaricom, Banks Lower Fuliza Daily Charges By Up to 40 Percent

Overdraft service Fuliza has cut daily charges by up to 40 percent in a move aimed at encouraging the increased use of the product.  Daily maintenance fees for overdrafts ranging between Sh101 to Sh500 and between Sh5…

Sep 28, 2022
US Overtakes Uganda to Become the Largest Market for Kenyan Goods
Business

US Overtakes Uganda to Become the Largest Market for Kenyan Goods

The United States has overtaken Uganda to become the largest market for Kenyan goods, according to a report by Business Daily. Citing official data, the publication reported that Kenya’s exports to the US grew by 47 p…

Sep 22, 2022
President Ruto Invites US Business Community to Invest in Kenya
Business

President Ruto Invites US Business Community to Invest in Kenya

President Ruto has promised a business-friendly policy to spur Foreign Direct Investments (FDI) from the United States. The president made the commitment at a high-level business roundtable in New York City hosted by…

Sep 21, 2022
President Ruto Decries Kenya’s Poor Saving Culture
Business

President Ruto Decries Kenya’s Poor Saving Culture

President Ruto has called for urgent measures to address Kenya’s poor saving culture. Ruto, who assumed office as Kenya’s fifth president on Tuesday, observed that Kenyans have saved about Sh1.5 trillion which is lowe…

Sep 17, 2022
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Nairobi Ranked Fifth in African Cities with Most Dollar Millionaires
Business

Nairobi Ranked Fifth in African Cities with Most Dollar Millionaires

A new report has ranked Nairobi among the cities with the highest number of dollar millionaires in Africa. The Kenyan capital has a total of 5,400 High-Net-Worth Individuals (HNWIs) whose wealth is over $1 million (Sh…

Sep 14, 2022
Kenya Seeks a Temporary Pact with the US Ahead of Full Free Trade Agreement
Business

Kenya Seeks a Temporary Pact with the US Ahead of Full Free Trade Agreement

Kenya is currently seeking a placeholder trade partnership with the United States as negotiations for a fully-fledged free trade agreement (FTA) continue between the two countries. Outgoing Trade Cabinet Secretary Bet…

Sep 13, 2022
US, Uganda and UK Lead Kenya Tourist Arrivals
Business

US, Uganda and UK Lead Kenya Tourist Arrivals

The United States has maintained its position as the leading source of international tourists to Kenya, according to the latest report. The report released by Tourism Cabinet Secretary Najib Balala on Friday shows tha…

Sep 11, 2022
12 Kenyan Startups Selected for Sh480 Million Google Fund
Business

12 Kenyan Startups Selected for Sh480 Million Google Fund

12 Kenyan start-ups have been selected for this year’s $4 million (Sh481.2 million) Google for Startups Black Founders Fund for Africa. 50 percent of this year’s cohort of 60 start-ups are women-led businesses, with N…

Sep 8, 2022
Kenya Airways Set to Resume Daily Direct Flights to the US
Business

Kenya Airways Set to Resume Daily Direct Flights to the US

Kenya Airways (KQ) has announced it will resume daily direct flights on the Nairobi-New York route in December due to an increased demand for tickets ahead of the festive season. The national carrier has grappled with…

Sep 8, 2022
Jubilee Party Headquarters Building Put Up for Auction
Business

Jubilee Party Headquarters Building Put Up for Auction

Emani Business Centre, the building that houses Jubilee Party headquarters has been set up for auction. In a notice published on Monday, Garam Investments said the multi-million-shilling property located along Thika R…

Aug 29, 2022
Safaricom Poaches Cynthia Karuri-Kropac from US-Based AT&T
Business

Safaricom Poaches Cynthia Karuri-Kropac from US-Based AT&T

Safaricom has poached Cynthia Karuri-Kropac from American telco AT&T Inc. to be its new Chief Enterprise Business Officer effective from September 1st. Karuri, who held various management and leadership roles during h…

Aug 25, 2022
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Microsoft Appoints Phyllis Migwi as Kenya Country Manager
Business

Microsoft Appoints Phyllis Migwi as Kenya Country Manager

American tech giant Microsoft has appointed Phyllis Migwi as its new Kenya Country Manager. Migwi replaces Kendi Ntwiga, who left the company last month after she was appointed as the Global Head of Misrepresentation…

Aug 25, 2022
UK Protests Kenya's Move to Ban Second-hand Buses and Trucks
Business

UK Protests Kenya's Move to Ban Second-hand Buses and Trucks

The United Kingdom has protested Kenya’s plan to ban the importation of second-hand passenger buses and trucks which aims at increasing safety on Kenyan roads. Trade and Industrialization Cabinet Secretary Betty Maina…

Aug 24, 2022
Kenya Exports Miraa Worth Sh220 Million to Somalia in Four Days
Business

Kenya Exports Miraa Worth Sh220 Million to Somalia in Four Days

Kenya exported miraa worth Sh221 million in four days following the resumption of the crop’s export to Somalia last weekend, signifying the huge role the commodity plays in the economy. Head of Miraa Pyrethrum and oth…

Aug 1, 2022
Kenyan Entrepreneur Steve Mark Named Most Influential Youth Leader in Dubai
Business

Kenyan Entrepreneur Steve Mark Named Most Influential Youth Leader in Dubai

Kenyan entrepreneur Mark Steve Nuguti was among the leaders feted during the just-concluded Pan African Youth Leadership Foundation Global summit in Dubai, United Arab Emirates (UAE). Steve, who is the CEO of Spoton V…

Jul 25, 2022
Equity Bank Inks a Diaspora Remittances Deal with NALA Payments
Business

Equity Bank Inks a Diaspora Remittances Deal with NALA Payments

Equity Bank Kenya and NALA Payments Limited have signed a partnership aimed at facilitating diaspora remittances. Equity Bank says the partnership with the United Kingdom and United States-licensed platform cements it…

Jul 23, 2022
Kenya Airways and South African Airways Sign Code-Share Deal for African Travel
Business

Kenya Airways and South African Airways Sign Code-Share Deal for African Travel

Kenya Airways (KQ) and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities.  In a statement on Tuesday, Kenya Airways said the code-sharing agre…

Jul 19, 2022
IMF Approves Sh28 Billion Loan for Kenya
Business

IMF Approves Sh28 Billion Loan for Kenya

The International Monetary Fund (IMF) has approved the release of a $235.6 million (Sh28 billion) loan to Kenya for budgetary support. The disbursement is the third tranche of a 38-month budget support program inked i…

Jul 19, 2022
AfDB Approves Sh18 Billion Loan for Construction of Nairobi-Mau Summit Highway
Business

AfDB Approves Sh18 Billion Loan for Construction of Nairobi-Mau Summit Highway

The African Development Bank Group (AfDB) Board of Directors has approved financing of $150 million (about Sh18 billion) to Kenya to support the development of the Nairobi-Mau Summit highway. The funding represents ab…

Jul 17, 2022
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