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Moi Family Sells Majority Stake in Siginon Aviation to a Turkish Company
Business

Moi Family Sells Majority Stake in Siginon Aviation to a Turkish Company

The family of the late former president Daniel Arap Moi has sold majority shares in Siginon Aviation. Reports indicate Senator Gideon Moi, who oversees the operations of the company, sold a 51 percent stake to a Turki…

Nov 13, 2020
Kenya Named Africa's Leading Tourist Destination by World Travel Awards
Business

Kenya Named Africa's Leading Tourist Destination by World Travel Awards

The World Travel Awards (WTA) has named Kenya as 2020 Africa’s leading tourist destination. The announcement was made virtually from the UK during the 27th WTA finals that coincided with the Africa Winners Day. Furthe…

Nov 10, 2020
Uhuru Orders Increase of Tax Whistleblower Reward to Sh5 Million
Business

Uhuru Orders Increase of Tax Whistleblower Reward to Sh5 Million

The Kenya Revenue Authority (KRA) has moved to curb cases of tax evasion by rolling out a web-based anonymous reporting solution called iWhistle. Through iWhistle, Kenyans will be able to anonymously report tax-relate…

Nov 6, 2020
SportPesa Resumes Operations in Kenya 15 Months After License was Revoked
Business

SportPesa Resumes Operations in Kenya 15 Months After License was Revoked

Giant gaming company, SportPesa has resumed operations in Kenya more than a year after its license was withdrawn by the government. SportPesa’s trading license was revoked by the Betting Control and Licensing Board (B…

Oct 30, 2020
Kenya Airways to Pay Pilots Per Flight as Financial Woes Deepen
Business

Kenya Airways to Pay Pilots Per Flight as Financial Woes Deepen

Kenya Airways (KQ) is seeking to introduce a new pay structure for its pilots in a move aimed at lowering the wage bill to keep the airline afloat. Under the proposed structure, pilots will be paid per trip as opposed…

Oct 30, 2020
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36 Kenyan Fruits and Vegetables Companies Bag Sh235 Million Orders in Virtual Italian Trade Fair
Business

36 Kenyan Fruits and Vegetables Companies Bag Sh235 Million Orders in Virtual Italian Trade Fair

36 Kenyan fruits and vegetable companies are set to rake in $2.1 million (Sh235.22 million) from the sale of the horticultural products in a virtual Italian trade fair. The companies bagged the lucrative orders during…

Oct 23, 2020
Emirates Adds 10 Weekly Cargo Flights to Nairobi Amid Increased Demand for Kenya's Horticulture Produce
Business

Emirates Adds 10 Weekly Cargo Flights to Nairobi Amid Increased Demand for Kenya's Horticulture Produce

Emirates Skycargo has added 10 more weekly flights to and from Nairobi amid increased demand for Kenya’s horticultural products abroad. The airline has deployed Boeing 777-300ERs to make the trips to and from the Jomo…

Oct 20, 2020
More UK, German Retailers Cut Avocado Supplies by Kenyan Producer Kakuzi
Business

More UK, German Retailers Cut Avocado Supplies by Kenyan Producer Kakuzi

Two more giant grocery retailers in Europe have suspended avocado supplies by Kenyan producer, Kakuzi. UK’s Sainsbury’s and Germany’s Lidl suspended supplies by Kakuzi citing human rights abuse claims against the frui…

Oct 20, 2020
Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines
Business

Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines

National carrier Kenya Airways (KQ) has expanded its current codeshare deal with US-based Delta Airlines as it prepares to resume direct flights to and from the US on October 29th.  The expanded partnership between th…

Oct 16, 2020
World Bank Imposes Sanctions on Kenyan IT Company Techno Brain
Business

World Bank Imposes Sanctions on Kenyan IT Company Techno Brain

The World Bank Group has imposed sanctions on Kenyan IT company, Techno Brain over links to collusive and fraudulent practices. Techno Brain was blocked together with its UAE-based parent company, Techno Brain Global…

Oct 13, 2020
UK Giant Supermarket Tesco Suspends Avocados from Kenyan Farm After Claims of Human Rights Abuses
Business

UK Giant Supermarket Tesco Suspends Avocados from Kenyan Farm After Claims of Human Rights Abuses

UK’s retail giant Tesco has suspended the supply of avocados from Kenyan producer Kakuzi over claims of human rights abuses. This comes after 79 Kenyans through law firm Leigh Day initiated legal action in a London co…

Oct 12, 2020
US-Kenya Trade Talks: Trump Administration Warns Kenya Against Manipulating the Shilling
Business

US-Kenya Trade Talks: Trump Administration Warns Kenya Against Manipulating the Shilling

Manipulation of the shilling against the dollar could threaten the ongoing trade talks between Kenya and the US. As part of the pre-conditions in the ongoing negotiations for a free trade agreement (FTA) between the t…

Sep 30, 2020
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Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Kenya
Business

Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Kenya

Kenya is set to benefit from a Covid-19 recovery program by technology giant, Google. The initiative seeks to boost economic recovery in sub-Saharan Africa in the wake of the Covid-19 pandemic which has taken a toll o…

Sep 24, 2020
Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle
Business

Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle

  Kenya Airways (KQ) has embarked on a plan to return leased aircraft in a move aimed at cutting costs and reducing losses. KQ CEO Allan Kilavuka confirmed to Business Daily that the airline was in discussions with co…

Sep 22, 2020
KRA Launches Mobile App to Boost Compliance for Taxpayers
Business

KRA Launches Mobile App to Boost Compliance for Taxpayers

The Kenya Revenue Authority (KRA) has launched a mobile application to ease tax compliance for Kenyan taxpayers. Dubbed KRA-M-Service App, the application will enable taxpayers to easily access various services offere…

Sep 11, 2020
Kenya Asks China for Warehouses in Bid to Boost Exports
Business

Kenya Asks China for Warehouses in Bid to Boost Exports

The government has written to China seeking to be provided with warehouses for Kenyan goods as it looks to export more agricultural produce to the populous Asian nation. The request was sent to the Chinese government…

Sep 8, 2020
Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Workers
Business

Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Workers

Kenya Airways (KQ) has announced a 50 percent discount on flight tickets for frontline Kenyan healthcare workers. The airline said the price cut is meant to celebrate and appreciate healthcare workers for their effort…

Sep 1, 2020
Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss
Business

Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss

Kenya Airways (KQ) has posted a net loss of Sh14.3 billion for the six months ended June, 2020. This represents a 67 percent growth in losses compared to Sh8.6 billion recorded during the same period last year. The ai…

Aug 31, 2020
Kenya Airways to Send Home 207 Pilots in Downsizing Bid
Business

Kenya Airways to Send Home 207 Pilots in Downsizing Bid

Kenya Airways (KQ) is set to lay off half of its pilots in the next three years in cost-cutting measures. Business Daily reports that 207 out of the airline’s 414 pilots will be sent home, a move that will save the co…

Aug 24, 2020
Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes
Business

Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes

The government has lifted a ban on importation of second-hand clothes and shoes, locally referred to as mitumba, effective immediately. Kenya Bureau of Standards (KEBS) announced the lifting of the embargo on Sunday f…

Aug 16, 2020
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