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Kenyan Catherine Muraga Appointed Microsoft's African Development Center Managing Director
Business

Kenyan Catherine Muraga Appointed Microsoft's African Development Center Managing Director

American tech giant Microsoft Corporation has appointed Kenyan Catherine Muraga as the new Managing Director for its Nairobi engineering hub—the African Development Centre (ADC). Muraga replaces Jack Ngare, who is lea…

Jun 2, 2022
KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Debt
Business

KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Debt

The Kenya Commercial Bank (KCB) has taken over the luxurious English Point Marina Hotel in Mombasa over an unpaid loan amounting to over Sh5 billion. Business Daily reported that the bank placed Pearl Beach Hotels, th…

Jun 2, 2022
HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University Students
Business

HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University Students

The Higher Education Loans Board (HELB) is set to borrow Sh22 billion through a bond to fund the acquisition of laptops for university students. HELB CEO Charles Ringera said the board’s plan to issue its first social…

May 25, 2022
Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, Boda Bodas
Business

Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, Boda Bodas

The National Assembly Finance and National Planning Committee has rejected the Treasury’s bid to introduce taxes on essential commodities such as maize flour. Through the Finance Bill 2022, the National Treasury was s…

May 25, 2022
Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction
Business

Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction

The iconic White Rhino Hotel in Nyeri has been put up for auction, according to a notice placed in local dailies. As reported by Business Daily, Garam Investments Auctioneers intend to sell the 111-year-old facility l…

May 18, 2022
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Nairobi the Only African City Named in the Prime Global Cities Index
Business

Nairobi the Only African City Named in the Prime Global Cities Index

Nairobi is the only African city that made it to the list of top 45 global cities that posted growth last year, according to the latest Prime Global Cities Index by Knight Frank. As reported by Business Insider, Nairo…

May 17, 2022
Three Kenyan Startups Named Among World Economic Forum's Technology Pioneers of 2022
Business

Three Kenyan Startups Named Among World Economic Forum's Technology Pioneers of 2022

Six African tech startups have been listed by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022. The WEF Technology Pioneers are described as early to growth-stag…

May 13, 2022
US Lobby Group Faults Biden Administration over Delay to Seal Kenya Trade Pact
Business

US Lobby Group Faults Biden Administration over Delay to Seal Kenya Trade Pact

The United States Chamber of Commerce has faulted President Biden administration over its continued delay in concluding a trade agreement with Kenya. Kenya and the US are yet to sign a deal more than two years after t…

May 13, 2022
Singer Rihanna to Launch Her Fenty Beauty Skincare Products in Kenya
Business

Singer Rihanna to Launch Her Fenty Beauty Skincare Products in Kenya

Global pop star Rihanna has announced that her Fenty Beauty line of makeup and skincare products will make its way to Kenya and a number of other African countries. Rihanna, 34, made the announcement on her Twitter ac…

May 11, 2022
KRA to Set Up a Digital Forensic Lab to Nab Tax Cheats
Business

KRA to Set Up a Digital Forensic Lab to Nab Tax Cheats

The Kenya Revenue Authority (KRA) has announced plans to build a state-of-the-art digital forensic lab as part of its efforts to nab tax cheats. Business Daily reports that the lab is expected to help the tax authorit…

May 11, 2022
Wealthy Kenyans Register 41 New Helicopters Ahead of August Elections
Business

Wealthy Kenyans Register 41 New Helicopters Ahead of August Elections

47 new aircraft including 41 private helicopters were registered in Kenya in 2021, according to official data. Business Daily reports that the new registrations pushed the total number of planes registered in the coun…

May 9, 2022
Report Reveals Richest and Poorest Counties in Kenya
Business

Report Reveals Richest and Poorest Counties in Kenya

A new report released by the Kenya National Bureau of Statistics (KNBS) has listed Nairobi as the richest county in Kenya, accounting for 27.5 percent of the country’s overall Gross Domestic Product (GDP). Nairobi’s c…

May 7, 2022
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British Property Company Opens a Nairobi Office to Help Kenyans Invest in the UK
Business

British Property Company Opens a Nairobi Office to Help Kenyans Invest in the UK

British real estate company Baron & Cabot has opened an office in Nairobi to help Kenyans to own property in the UK. The company is promising to offer simple and effective investment options for Kenyans seeking to exp…

May 4, 2022
Kenya Announces a Ban on Importation of Second-Hand Buses and Trucks
Business

Kenya Announces a Ban on Importation of Second-Hand Buses and Trucks

The government has banned the importation of used passenger buses and trucks in a move aimed at increasing safety on Kenyan roads. The Kenya Bureau of Standards (Kebs) announced that the ban, which follows the impleme…

May 2, 2022
US Gov’t Delegation to Visit Kenya to Explore Trade and Investment
Business

US Gov’t Delegation to Visit Kenya to Explore Trade and Investment

A US government delegation is set to visit Kenya on May 1st to explore opportunities for enhanced trade and investment engagement. The team will be led by Assistant United States Trade Representative (USTR) for Africa…

Apr 30, 2022
Iconic Hilton Hotel in Nairobi CBD to Shut Down After 53 Years of Operation
Business

Iconic Hilton Hotel in Nairobi CBD to Shut Down After 53 Years of Operation

The iconic Hilton Hotel in Nairobi’s central business district is set to shut its doors permanently after 53 years of operation. The International Hotels Kenya Limited which manages the hotel announced on Wednesday th…

Apr 28, 2022
Report Shows Kenya Has 8,500 Dollar Millionaires
Business

Report Shows Kenya Has 8,500 Dollar Millionaires

A new report shows that Kenya has a total of 8,500 individuals with a net worth of over $1 million (Sh116 million). The Africa Wealth Report 2022, which was published by research company New World Wealth and Henley &…

Apr 27, 2022
Kenya Airways Signs a Partnership Agreement with US-Based JetBlue Airways
Business

Kenya Airways Signs a Partnership Agreement with US-Based JetBlue Airways

Kenya Airways (KQ) has signed a partnership agreement with American low-cost airline JetBlue Airways. Under the agreement, Kenya Airways customers flying to New York will be able to connect with JetBlue-operated fligh…

Apr 26, 2022
Google to Open a Tech Hub in Nairobi in Sh115 Billion Africa Investment
Business

Google to Open a Tech Hub in Nairobi in Sh115 Billion Africa Investment

American tech giant Google has revealed plans to set up its first-ever Africa product development hub in Nairobi. The new product development centre, which is part of the California-based multinational’s Sh115.5 billi…

Apr 21, 2022
Kenya Airways Gets Additional Sh36.6 Billion Government Bailout
Business

Kenya Airways Gets Additional Sh36.6 Billion Government Bailout

The Treasury has allocated a further Sh36.6 billion to Kenya Airways (KQ) in the next financial year to aid its planned restructuring process. The allocation brings the total amount of capital injected into the cash-s…

Apr 16, 2022
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