AdvertisementTop banner · 970×90 / 728×90

Business

Kenya Airways Cuts US Direct Flights Due to Low Demand

Kenya Airways (KQ) has reduced the number of direct flights to the US to once a week, citing low demand. The airline has been operating two weekly flights since November last year when it resumed flights between the J…

Feb 16, 2021

Business

Biden Ally Throws Support Behind Proposed US-Kenya Trade Pact

A close ally of US President Joe Biden has expressed support for the proposed free trade agreement (FTA) between Kenya and the US. Congressman Richard Neal exuded confidence that the negotiations for the trade pact be…

Feb 12, 2021

Business

US Lobby Roots for Sealing of US-Kenya Trade Pact

The US Chamber of Commerce has urged President Joe Biden’s administration to fast-track the ongoing negotiations for a free trade agreement between the US and Kenya. The discussions commenced in July 2020, with a view…

Feb 2, 2021

Business

Kenya’s KCB Group Seeks Approval to Acquire 2 Banks in Rwanda and Tanzania for Sh4.4 Billion

Kenya’s KCB Group has filed a formal application seeking to acquire two banks in Tanzania and Rwanda for Sh4.4 billion ($40 million). The application was made to the regional competition body—Comesa Competition Commi…

Jan 31, 2021

Business

Kenya Airways Suspends Flights to France, and the Netherlands

Kenya Airways (KQ) has temporarily suspended flights to some of its European routes, citing new COVID-19 regulations. The airline announced it will not fly to Charles de Gaulle Airport in Paris, France, and the Schipo…

Jan 22, 2021

AdvertisementIn-feed ad

Business

Kenya Airways Employees Face Fresh Pay Cuts of Up to 30 Percent

Kenya Airways (KQ) has announced a fresh round of pay cuts affecting employees earning Sh45,000 and above. The workers will have their salaries trimmed by up to 30 percent in a move aimed at keeping the national airli…

Jan 15, 2021

Business

Ray of Hope as Chartered Plane Carrying 175 Foreign Tourists Lands in Kenya

The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the weekend received a major boost. This was after nearly 200 foreign tourists landed at Moi International Airport (MIA) in M…

Dec 28, 2020

Business

Equity Bank Makes History After Crossing Sh1 Trillion Mark in Value

Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to pass the Sh1 trillion balance sheet mark. The milestone was achieved following the successful migration of DR Congo’s B…

Dec 23, 2020

Business

Safaricom Reduces MPesa Transaction Charges By As Much As 45 Percent

Safaricom has announced the reduction of MPesa transaction charges by as much as 45 percent. The move is in line with the Central Bank of Kenya (CBK) directive requiring mobile money operators to submit new tariff st…

Dec 22, 2020

Business

Kenya Airways, Air France KLM Agree to Terminate Africa-Europe Partnership

Kenya Airways (KQ) and Air France KLM Group have agreed to mutually terminate their Africa-Europe partnership. The airlines’ joint venture on seven routes between Europe and Africa will cease on September 1st, 2021. “…

Dec 19, 2020

Business

Fare for New Nairobi CBD-JKIA Express Train Service Slashed by Half to Sh250

Kenya Railways has slashed by half the fare of the new express rail service to Jomo Kenyatta International Airport (JKIA) from Nairobi CBD. During the launch of the new service on December 7th, the agency announced co…

Dec 19, 2020

Business

Kenyan Car Importers Given Until December 31st to Clear Vehicles Registered in 2013

The government has given car dealers until December 31st, 2020, to import vehicles registered in 2013. Kenya Bureau of Standards (KEBS) managing-director Bernard Njiraini said the Certificate of Roadworthiness issued…

Dec 15, 2020

AdvertisementIn-feed ad

Business

Kenya Inks Post-Brexit Trade Pact with the UK

Kenya and the United Kingdom on Tuesday finalized the signing of a strategic Economic Partnership Agreement (EPA). The post-Brexit trade pact was signed in London by Kenya’s Trade Cabinet Secretary Betty Maina and Bri…

Dec 8, 2020

Business

Kenya Airways Customers to Enjoy Discounted Prices as Airlines Resumes US Direct Flights

Kenya Airways (KQ) has announced it will offer discounts on ticket prices as it resumes directs flights to and from the US on Sunday. Through Twitter on Sunday, the national carrier said travelers who book flight tick…

Nov 29, 2020

Business

Kenya Airways to Resume Direct Flights to the US After 8-Month Break

Kenya Airways (KQ) is this weekend scheduled to resume direct flights to the US after an eight-month hiatus accessioned by the Covid-19 pandemic. The national carrier had initially planned to relaunch the New York non…

Nov 26, 2020

Business

Court Orders Closure of DP Ruto-Linked Insurance Company over Sh10 Million Debt

The High Court has ordered the dissolution of Africa Merchant Assurance Company (Amaco), an insurance firm linked to Deputy President William Ruto. This came after the 22-year-old insurance company failed to settle a…

Nov 23, 2020

Business

Kenya Power Laments as Costumers Switch to Solar Energy

Kenya Power has raised alarm over the growing number of customers shifting to solar energy. The State-owned electricity distributor indicated that its industrial clients who account for nearly 60 percent of its revenu…

Nov 21, 2020

Business

Gov't Clears SportPesa to Resume Operations in Kenya Under New Company

The Betting Control and Licensing Board (BCLB) has cleared SportPesa to resume operations in Kenya under Milestone Games Limited. Through a statement on Friday, BCLB said it has reinstated the operating license of Mil…

Nov 20, 2020

Business

Kenya's Equity Group to Build Skyscraper in Kigali, Rwanda

Equity Bank CEO James Mwangi is set to build a skyscraper in Kigali, Rwanda’s capital city. The project dubbed Kigali Financial Towers was approved by the country’s Cabinet last week and will be undertaken by Equity H…

Nov 20, 2020

Business

Gov’t Approves Mass Production of Sh450,000 Kenyan-Made "BJ50" Car

The Kenya Bureau of Standards (KEBS) has approved the mass production of a Kenyan-made car dubbed BJ50. Samwel Njogu, the brain behind BJ50 said they received the government’s go-ahead following scrutiny of the vehicl…

Nov 17, 2020