BUSINESS NEWS
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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 (Sh120 million), according to the 2022 Henley Global Citizens Report for the third…
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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 Betty Maina said she expects the new administration under President William Ruto to…
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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 that the country received 924,812 international visitors between January and August…
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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 Nigeria leading the pack with 23 grantees followed by Kenya with 12, Rwanda 6,…
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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 a fluctuating demand on the route since the onset of the Covid-19 pandemic in…
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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 Road at Pangani area in Nairobi will be auctioned on September 13th at Garam’s…
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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 her 19-year stint at AT&T Inc., replaces Joseph Wanjohi who has been acting…
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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 at Meta.
Microsoft described Migwi as a leader and a business catalyst known for…
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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 says the UK authorities are uncomfortable with the ban as they fear it will cut…
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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 other Industrial Crops Felix Mutwiri told Business Daily that the country shipped 81.…