BUSINESS NEWS

Nairobi is the only African city that made it to the list of top 45 global cities that posted growth last year, according to the latest Prime Global Cities Index by Knight Frank. As reported by Business Insider, Nairobi was ranked 32nd, posting a 3.5 percent change in luxury residential prices in…

Six African tech startups have been listed by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022. The WEF Technology Pioneers are described as early to growth-stage companies from around the globe that are pioneering new technologies and…

The United States Chamber of Commerce has faulted President Biden administration over its continued delay in concluding a trade agreement with Kenya. Kenya and the US are yet to sign a deal more than two years after the two countries initiated negotiations for a free trade agreement (FTA) under…

Global pop star Rihanna has announced that her Fenty Beauty line of makeup and skincare products will make its way to Kenya and a number of other African countries. Rihanna, 34, made the announcement on her Twitter account on Tuesday, saying that the products will officially become available in…

The Kenya Revenue Authority (KRA) has announced plans to build a state-of-the-art digital forensic lab as part of its efforts to nab tax cheats. Business Daily reports that the lab is expected to help the tax authority to recover all deleted files as well as mine hidden data, including hidden…

47 new aircraft including 41 private helicopters were registered in Kenya in 2021, according to official data. Business Daily reports that the new registrations pushed the total number of planes registered in the country to 782, excluding those owned by the National Police Service and Kenya Defense…

A new report released by the Kenya National Bureau of Statistics (KNBS) has listed Nairobi as the richest county in Kenya, accounting for 27.5 percent of the country’s overall Gross Domestic Product (GDP). Nairobi’s contribution to the overall GDP is nearly four times more than that of Kiambu,…

British real estate company Baron & Cabot has opened an office in Nairobi to help Kenyans to own property in the UK. The company is promising to offer simple and effective investment options for Kenyans seeking to expand their investment portfolio abroad. “Baron & Cabot is undoubtedly the…

The government has banned the importation of used passenger buses and trucks in a move aimed at increasing safety on Kenyan roads. The Kenya Bureau of Standards (Kebs) announced that the ban, which follows the implementation of new standards, will take effect from July 1st this year.  “Kebs…

A US government delegation is set to visit Kenya on May 1st to explore opportunities for enhanced trade and investment engagement. The team will be led by Assistant United States Trade Representative (USTR) for African Affairs Constance Hamilton. The US Trade Representative spokesperson Adam Hodge…