BUSINESS NEWS

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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 Committee for vetting, Treasury Principal Secretary nominee Chris Kiptoo said the…
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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 international safari companies to scoop the coveted award during the 29th anniversary Grand…
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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 positions ahead of London (United Kingdom) and one position behind Geneva (Switzerland…
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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 African counterpart Cyril Ramaphosa at State House, Nairobi on Wednesday, Ruto said a…
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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 the Kenya Airways management to allow the pilots to perform their duties without…
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Kenya has signed a deal with an Australian-based multinational to set up a 300MW capacity green ammonia and green fertilizer plant in the country by 2025. The agreement with Fortescue Future Industries (FFI), which has developed a portfolio in renewable energy and green hydrogen projects, was inked…
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Kenya Airways (KQ) has urged its customers who have opted not to travel due to the ongoing pilots’ strike to cancel their tickets. The carrier apologized to its customers over the impasse and promised to offer them a solution at the earliest opportunity, including rebooking them on other airlines.…
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Trade, Investments and Industry Cabinet Secretary Moses Kuria on Thursday held virtual talks with United States Trade Representative Katherine Tai. The two discussed ways to augment bilateral trade relations between the two countries in line with the Kenya-US Strategic Trade and Investment…
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Kenya Airways (KQ) pilots will down their tools on Saturday after the airline’s management failed to address their grievances, Kenya Airline Pilot Association (KALPA) has announced. KALPA CEO Captain Muriithi Nyagah said no Kenya Airways flight flown by a member of the association will leave the…
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Investments, Trade and Industry Cabinet Secretary Moses Kuria has revealed the government’s plan to ban the importation of second-hand clothes, commonly known as mitumba. While pledging to empower the local textile industry to produce cheaper clothes, Kuria pointed out that Kenya exports locally-…