BUSINESS NEWS
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The Ministry of Agriculture says investors interested in idle government land to carry out large-scale commercial farming must show their financial muscle.
This comes after the Cabinet last month approved a policy that seeks to provide a framework for the utilization of idle land owned by State…
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The imports will be used in providing strategic stocks for the country and cushion the country from a fuel shortage due to global disruptions.
The National Oil Corporation of Kenya (NOCK) will from August start importing cheap fuel from Saudi Arabia in a move aimed at lowering pump prices.…
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Kenya Airways (KQ) has signed a deal with two Brazilian companies to acquire 40 flying electric taxis as it seeks to establish itself as a leader in urban air mobility.
Through its subsidiary Fahari Aviation, the national airline on Tuesday signed a Letter of Intent (LOI) with UAM, LLC, a…
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Kenya Revenue Authority (KRA) has announced that its officials will start using body-worn cameras as part of its efforts to curb cases of tax cheating and bribery.
KRA Commissioner General Githii Mburu told Business Daily that the cameras will mainly be used by officers attached to the customs and…
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Keroche Breweries has announced it will lay off over 400 employees following its closure by the Kenya Revenue Authority (KRA) over tax arrears.
The Naivasha-based beer manufacturer was shut down on May 15th after defaulting on an earlier agreed plan to repay tax arrears amounting to Sh320 million.…
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London-based global digital payments giant WorldRemit has named Kenya among its top African markets.
On Friday, the company which provides international money transfer and remittance services in more than 130 countries and over 70 currencies published data showing the countries and amount users…
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The Kenya Revenue Authority (KRA) has once again shut down Keroche Breweries Limited over tax arrears.
Keroche CEO Tabitha Karanja says the company was shut down on May 15th after reneging on an earlier agreement to repay tax arrears amounting to Sh30 million.
Addressing the press at the factory on…
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Trade representatives from Kenya and the United States on Monday held further discussions aimed at enhancing trade and investment relations between the two countries.
This followed a meeting between US Trade Representative Katherine Tai and Kenya's Ministry of Industrialization, Trade and…
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Kenya is set to resume miraa exports to Somalia this month following the lifting of a two-year ban.
Somalia’s new President Hassan Sheikh Mohamud agreed to lift the embargo after diplomatic talks with his Kenyan counterpart Uhuru Kenyatta in Mogadishu on Thursday.
Kenyatta was in the Somali capital…
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The High Court has stopped the Kenya Commercial Bank (KCB) from seizing the luxurious English Point Marina Hotel in Mombasa over a debt amounting to Sh4.8 billion.
Justice Dorah Chepkwony issued the restraining order on Wednesday pending the hearing and determination of a petition filed by the five…