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Safaricom Submits Bid for Ethiopia Telecom License
Business

Safaricom Submits Bid for Ethiopia Telecom License

Safaricom has formally submitted a bid for a telecommunication license to operate in Ethiopia. The giant telco announced the move in a notice to its shareholders on Monday, saying it is making the proposal through a c…

Apr 26, 2021
Bobi Wine Ordered to Pay $93,000 Tax for Bulletproof Car Acquired from Kenyan Businessman
Business

Bobi Wine Ordered to Pay $93,000 Tax for Bulletproof Car Acquired from Kenyan Businessman

Former Ugandan presidential aspirant Bobi Wine has been ordered to pay USh337 million ($93,000) tax for the bulletproof car he acquired from a Kenyan businessman. Wine whose real name Robert Kyagulanyi purchased the l…

Apr 23, 2021
Kenya Airways Signs Partnership Deal with Congo Airways
Business

Kenya Airways Signs Partnership Deal with Congo Airways

Kenya Airways (KQ) and Congo Airways have signed a two-year partnership agreement in areas of mutual interest. The signing of the agreement was witnessed by President Kenyatta and his Congolese counterpart Felix Tshis…

Apr 22, 2021
US Decries Locking Out of American Companies from Government Tenders in Kenya
Business

US Decries Locking Out of American Companies from Government Tenders in Kenya

The US has accused corrupt Kenyan public officials of locking out American companies from government contracts. The US Trade Representative’s office lamented that tender bids in Kenya are often manipulated to benefit…

Apr 19, 2021
Boost for Kenya’s Tourism as Plane Carrying 189 Foreign Tourists Lands in Mombasa
Business

Boost for Kenya’s Tourism as Plane Carrying 189 Foreign Tourists Lands in Mombasa

Kenya’s tourism sector received a boost after a plane carrying nearly 200 foreign tourists landed at Mombasa International Airport (MIA) on Saturday. The Ukrainian charter flight with 189 visitors onboard touched the…

Apr 18, 2021
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Kenya Set to Auction Lamu Oil Blocks within One Year
Business

Kenya Set to Auction Lamu Oil Blocks within One Year

Kenya has revealed plans to auction new oil and gas exploration blocks in its Indian Ocean territory within a year. The offshore blocks in the Lamu Basin will be put on offer after the collection of seismic data, whic…

Apr 15, 2021
Kenya Airways Suspends Flights to the UK Until Further Notice
Business

Kenya Airways Suspends Flights to the UK Until Further Notice

Kenya Airways (KQ) will suspend passenger flights to the United Kingdom effective April 9th until further notice. In a statement on Monday, the national carrier said the move follows the government’s decision to ban a…

Apr 5, 2021
KRA Surpasses Revenue Collection Target for Fourth Consecutive Month
Business

KRA Surpasses Revenue Collection Target for Fourth Consecutive Month

The Kenya Revenue Authority (KRA) has exceeded its monthly collection target for the fourth consecutive month even as the country continues to grapple with the adverse effects of the COVID-19 pandemic on the economy. …

Apr 3, 2021
Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from Gov’t
Business

Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from Gov’t

Kenya Airways (KQ) is seeking a $500 million (Sh54.87 billion) bailout from the government to stay afloat in the next nine months. KQ CEO Allan Kilavuka says the funds will be used on the airline’s operations such as…

Mar 26, 2021
Canadian Company Suspended from US Stock Trading over Sh139 Billion 'Secret' Loan Deal with Kenya
Business

Canadian Company Suspended from US Stock Trading over Sh139 Billion 'Secret' Loan Deal with Kenya

A Canadian company that allegedly signed a Sh139.5 billion 'secret' loan deal with Kenya has been temporarily suspended from trading in the US. Kallo Inc. was suspended by the US stocks market regulator, Securities Ex…

Mar 25, 2021
UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors
Business

UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors

The United Nations (UN) has added Kenya Airways (KQ) to the list of airlines that will ferry COVID-19 vaccines around the world. Its inclusion follows high-level lobbying by the government after the national carrier w…

Mar 12, 2021
Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business
Business

Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business

Kenyan preacher Pastor Paul Kuria of the Home of Glory Joy Ministry says he runs a dog breeding business venture that earns him handsome income. Speaking during a recent interview with comedian and radio presenter Jal…

Mar 8, 2021
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Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted into US-Based Accelerator Y Combinator
Business

Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted into US-Based Accelerator Y Combinator

Kidato, a Kenyan ed-tech startup, has been accepted into Silicon Valley-based accelerator, Y Combinator’s Winter 2021 group.  The startup will as a result receive $125,000 (Sh13 million) in seed funding and further in…

Mar 5, 2021
Kenya Railways Begins Takeover of SGR Operations from Chinese Company
Business

Kenya Railways Begins Takeover of SGR Operations from Chinese Company

The Kenya Railways Corporation (KRC) has taken over some Standard Gauge Railways (SGR) operations from the Chinese company AfriStar. KRC chairman Omudho Awitta told Business Daily that the agency is now in charge of o…

Mar 5, 2021
Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above
Business

Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above

A recent wealth report by Knight Frank indicates that only 475,000 Kenyans are worth $20,000 (Sh2.2 million) and above. The number represents one percent of Kenya’s population, which stands at 47.5 million as per the…

Mar 3, 2021
Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiatus
Business

Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiatus

Kenya and the US are expected to resume negotiations for a free trade agreement (FTA) after a four-month hiatus occasioned by the American presidential election last November. Trade and Enterprise Development Principa…

Mar 3, 2021
Kenyans Express Their Frustration with PayPal
Business

Kenyans Express Their Frustration with PayPal

Many Kenyans who work online are expressing their frustration with popular US online payments company PayPal. Taking to social media, PayPal users complain that their funds are being held for up to 180 days without be…

Feb 26, 2021
Uber Drivers in Kenya Decry Huge Taxes
Business

Uber Drivers in Kenya Decry Huge Taxes

Uber drivers in Kenya are up in arms over what they termed as harsh working environment and huge cuts on their trips. John Kimani, the Chairperson of Uber drivers in Kenya explained how their income has dwindled due t…

Feb 23, 2021
Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as Ethiopian is Picked
Business

Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as Ethiopian is Picked

16 airlines have signed agreements with the United Nations (UN) for the distribution of COVID-19 vaccines around the world. Only two airlines from Africa made it to the list but national carrier Kenya Airways (KQ) is…

Feb 17, 2021
Kenya to Receive Sh262 Billion Loan from IMF
Business

Kenya to Receive Sh262 Billion Loan from IMF

Kenya is set to receive a loan of $2.4 billion (Sh262.68 billion) from the International Monetary Fund (IMF) to support the country’s second phase of COVID-19 response. On Tuesday, IMF announced it reached an agreemen…

Feb 16, 2021
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