BUSINESS NEWS
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President Ruto has said Kenya is ready for more trade deals with the US under the African Growth and Opportunity Act (AGOA) program, which gives Kenya and 40 other sub-Saharan African countries duty-free access to the US market for over 6,000 products.
Ruto, who hosted a US delegation at State…
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The Labor court on Monday issued an injunction stopping the looming strike by Kenya Airways (KQ) pilots pending the hearing and determination of an application filed by the national carrier.
Kenya Airways pilots, through the Kenya Airline Pilots Association (Kalpa), issued a 14-day strike notice on…
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President Ruto says Kenya Revenue Authority (KRA) must establish a strong and transparent system that will allow the country to transition from overtaxing trade to undertaxing wealth.
Ruto, who spoke during the annual Taxpayers Day at the KICC on Friday, said the Kenya Kwanza administration’s tax…
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Kenya Airways (KQ) has threatened to fire pilots who will participate in next week’s strike after talks between the airline management and the pilots’ union collapsed.
KQ CEO Allan Kilavuka said efforts to negotiate with the pilots at a meeting chaired by Central Organization of Trade Unions (Cotu…
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The family of opposition leader Raila Odinga is among 225 Kenyans who have failed to claim assets worth billions of shillings held by the government.
The Unclaimed Financial Assets Authority (UFAA) told The Standard Business that Odinga’s family is yet to claim millions of cash belonging to Raila’s…
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President Ruto has said the United States has overtaken the United Kingdom to become Kenya's premier trading partner.
Ruto, who spoke during the Mashujaa Day celebrations at Uhuru Gardens on Thursday, said Kenya will continue strategic engagements with key development partners like the US and the…
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President Ruto has announced that the Hustler Fund, which will provide collateral-free loans at single-digit rates to low-income earners to start businesses, will be operationalized by December.
Ruto, who spoke during the inauguration of Thiba Dam in Kirinyaga on Saturday, urged small traders and…
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Kenya's problems with ballooning public debt became clear after the country defaulted on payment of Chinese loans for the construction of the Standard Gauge Railway (SGR).
Citing Treasury documents, Business Daily reports that Chinese lenders fined Kenya Sh1.312 billion ($10.8 million) for loan…
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The Nairobi County government has halted plans to revoke the licenses of 43 nightclubs and bars that were earmarked for closure over noise pollution.
Nairobi Deputy Governor Njoroge Muchiri said their administration is committed to protecting businesses and will not shut down any bars as long as…
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Kenya Commercial Bank (KCB) has seized the luxurious English Point Marina in Mombasa for a second time over a Sh5.2 billion debt.
This is after the Appeals Court lifted an order by High Court judge Dora Chepkwony blocking the lender’s appointed receiver-manager Kamal Anatroy Bhatt from taking over…