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Kenya Airways Customers Lose Sh4.48 Billion in Expired Flight Tickets
Business

Kenya Airways Customers Lose Sh4.48 Billion in Expired Flight Tickets

Kenya Airways (KQ) customers lost Sh4.48 billion last year after they let their flight tickets expire. The loss-making national carrier disclosed the value of expired air tickets in its latest annual report, according…

Apr 15, 2022
KRA to Deploy Drones in War Against Tax Cheats
Business

KRA to Deploy Drones in War Against Tax Cheats

The Kenya Revenue Authority (KRA) has announced plans to deploy drones in the war against tax cheats. The tax agency plans to acquire two high-end drones for aerial surveillance of businesses and has invited bids from…

Apr 14, 2022
Gov't Asks Kenya Airways to Sack Workers, Cut Fleet, Frequencies and Network in Shake-up Plan
Business

Gov't Asks Kenya Airways to Sack Workers, Cut Fleet, Frequencies and Network in Shake-up Plan

The government has announced it will allocate funds to struggling national carrier Kenya Airways (KQ) to help cover its planned restructuring costs. Treasury Cabinet Secretary Ukur Yatani, while reading his budget sta…

Apr 7, 2022
Kinder Joy: Kenyan Authorities Probing Popular Kids’ Chocolate Product over Health Concerns
Business

Kinder Joy: Kenyan Authorities Probing Popular Kids’ Chocolate Product over Health Concerns

The Kenya Bureau of Standards (KEBS) has opened a probe on Kinder Joy chocolate products over health concerns. This comes after some European markets pulled the product, which is manufactured by Italian candy company…

Apr 7, 2022
Radisson Blu to Reopen Nairobi’s Upper Hill Hotel After 15-Month Closure
Business

Radisson Blu to Reopen Nairobi’s Upper Hill Hotel After 15-Month Closure

Global hotel chain Radisson Blu is set to reopen its outlet in Upper Hill, Nairobi, more than a year after its closure. The hotel brand, in a statement on Thursday, said the facility will resume operations on May 9th…

Mar 31, 2022
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Democratic Republic of Congo (DRC) Officially Admitted into the East African Community
Business

Democratic Republic of Congo (DRC) Officially Admitted into the East African Community

The Democratic Republic of Congo (DRC) has joined the East African Community (EAC). DRC was officially admitted into the bloc during the 19th Extra-Ordinary Summit of the EAC Heads of State and Government chaired by K…

Mar 29, 2022
Uhuru Opens a Sh3 Billion Microsoft Development Centre in Nairobi
Business

Uhuru Opens a Sh3 Billion Microsoft Development Centre in Nairobi

President Kenyatta on Thursday presided over the official launch of the Microsoft Africa Development Centre (ADC) in Westlands, Nairobi. The $27 million (Sh3.1 billion) facility, the first of its kind in Africa, will…

Mar 25, 2022
US Hotel Chain Marriott to Open a Luxury Safari Lodge in Masai Mara, its First in Africa
Business

US Hotel Chain Marriott to Open a Luxury Safari Lodge in Masai Mara, its First in Africa

American multinational hotel chain Marriott International is set to open its first luxury safari lodge in Kenya. This is after the Maryland-based company signed an agreement with Baraka Lodges Limited to set up the ho…

Mar 24, 2022
KEPSA Recruits the First 25 Beneficiaries of the US-Kenya SME Trade Initiative
Business

KEPSA Recruits the First 25 Beneficiaries of the US-Kenya SME Trade Initiative

The Kenya Private Sector Alliance (KEPSA) has announced the recruitment of the first cohort of Kenyan businesses under the Kenya-US Small and Medium Enterprises Trade Initiative. The 25 local SMEs will be provided wit…

Mar 17, 2022
US Company Starts Advisory on Kenya Airways Restructuring Plan
Business

US Company Starts Advisory on Kenya Airways Restructuring Plan

US-based financial consultancy company Seabury Consulting has commenced its role of advising Kenya Airways (KQ) on its restructuring process. The national carrier in February appointed Seabury, a subsidiary of profess…

Mar 8, 2022
Biden Administration Signals Resumption of Trade Talks with Kenya
Business

Biden Administration Signals Resumption of Trade Talks with Kenya

The Biden administration has given an indication of a possible resumption of trade talks between the US and Kenya. The two nations commenced negotiations for a free trade agreement (FTA) in July 2020, with a view of d…

Mar 8, 2022
250 Workers Face Layoff as KRA Shuts Down Keroche Breweries in Sh322 Million Tax Row
Business

250 Workers Face Layoff as KRA Shuts Down Keroche Breweries in Sh322 Million Tax Row

Keroche Breweries CEO Tabitha Karanja has pleaded with President Kenyatta to intervene in the company’s ongoing tax row with Kenya Revenue Authority (KRA), which has paralyzed its operations. In a media briefing on Fr…

Mar 4, 2022
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Report Shows Kenya Has 908 Dollar Millionaires Aged 40 and Below
Business

Report Shows Kenya Has 908 Dollar Millionaires Aged 40 and Below

A new wealth report shows that there are 908 high net worth individuals (HNWIs) in Kenya aged 40 and below. The 908 are self-made dollar millionaires, with a net worth of at least $1 million (Sh113 million), including…

Mar 2, 2022
Wealthy Kenyans Import 325 Helicopters from South Africa Ahead of the 2022 Elections
Business

Wealthy Kenyans Import 325 Helicopters from South Africa Ahead of the 2022 Elections

Wealthy Kenyans imported over 300 helicopters from South Africa at the height of the Covid-19 pandemic in 2020, it has emerged. Recent data from the South African Revenue Service (SARS) shows that a total of 325 helic…

Mar 1, 2022
Kenyan SMEs Invited to Apply for US-Kenya Trade Program
Business

Kenyan SMEs Invited to Apply for US-Kenya Trade Program

Kenyan Small and Medium Enterprises (SMEs) are set to benefit from the US-Kenya SME Trade Initiative Program. The program that is co-organized by the Kenya Private Sector Alliance (KEPSA) and Corporate Council on Afri…

Feb 22, 2022
UAE to Establish an Innovation and Entrepreneurship Center in Kenya
Business

UAE to Establish an Innovation and Entrepreneurship Center in Kenya

The United Arab Emirates (UAE) is set to establish an innovation and entrepreneurship center in Kenya. The announcement follows last week’s bilateral talks between President Kenyatta and His Highness Sheikh Mohamed bi…

Feb 20, 2022
Central Bank Seeks Views on Introduction of Digital Kenya Shilling
Business

Central Bank Seeks Views on Introduction of Digital Kenya Shilling

Central Bank of Kenya (CBK) on Thursday invited the public to submit their views on the introduction of a virtual version of the Kenya shilling. This is the first time the State monetary authority is seeking the opini…

Feb 10, 2022
Kenya Airways Reduces US Direct Flights to Three Per Week
Business

Kenya Airways Reduces US Direct Flights to Three Per Week

Kenya Airways (KQ) has cut the number of direct flights linking Nairobi to the US city of New York. The national carrier told Business Daily that it has reduced the frequency of trips on the route from five to three p…

Feb 2, 2022
Swedish-Kenyan Company Introduces First Africa-Made Electric Bus in Kenya
Business

Swedish-Kenyan Company Introduces First Africa-Made Electric Bus in Kenya

Swedish-Kenyan company Opibus has introduced the first African-designed and manufactured electric bus in Kenya as part of its efforts to bring clean energy to public transportation.  Opibus, which was the first compan…

Jan 29, 2022
Dubai Lifts Ban on Passenger Flights from Kenya
Business

Dubai Lifts Ban on Passenger Flights from Kenya

The United Arab Emirates (UAE) has lifted a ban on passenger and transit flights from Kenya and 11 other African countries. Passengers from Kenya, Tanzania, Ethiopia, Nigeria, Congo, South Africa, Botswana, Eswatini…

Jan 27, 2022
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