BUSINESS NEWS
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The iconic Hilton Hotel in Nairobi’s central business district is set to shut its doors permanently after 53 years of operation.
The International Hotels Kenya Limited which manages the hotel announced on Wednesday that the facility will cease operations on December 31st this year.
“Following…
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A new report shows that Kenya has a total of 8,500 individuals with a net worth of over $1 million (Sh116 million).
The Africa Wealth Report 2022, which was published by research company New World Wealth and Henley & Partners, ranked Kenya at position four in terms of the number of dollar…
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Kenya Airways (KQ) has signed a partnership agreement with American low-cost airline JetBlue Airways.
Under the agreement, Kenya Airways customers flying to New York will be able to connect with JetBlue-operated flights to several cities in the US and North America region, including Minneapolis,…
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American tech giant Google has revealed plans to set up its first-ever Africa product development hub in Nairobi.
The new product development centre, which is part of the California-based multinational’s Sh115.5 billion investment on the continent over the next five years, is expected to create…
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The Treasury has allocated a further Sh36.6 billion to Kenya Airways (KQ) in the next financial year to aid its planned restructuring process.
The allocation brings the total amount of capital injected into the cash-strapped airline by the government to Sh63.2 billion after it was granted Sh26.6…
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Kenya Airways (KQ) customers lost Sh4.48 billion last year after they let their flight tickets expire.
The loss-making national carrier disclosed the value of expired air tickets in its latest annual report, according to Business Daily.
KQ books revenue from ticket sales whether customers utilize…
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The Kenya Revenue Authority (KRA) has announced plans to deploy drones in the war against tax cheats.
The tax agency plans to acquire two high-end drones for aerial surveillance of businesses and has invited bids from drone operators.
“The Kenya Revenue Authority invites bids from eligible…
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The government has announced it will allocate funds to struggling national carrier Kenya Airways (KQ) to help cover its planned restructuring costs.
Treasury Cabinet Secretary Ukur Yatani, while reading his budget statement in Parliament on Thursday, said the national airline will have to meet…
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The Kenya Bureau of Standards (KEBS) has opened a probe on Kinder Joy chocolate products over health concerns.
This comes after some European markets pulled the product, which is manufactured by Italian candy company Ferrero, from supermarket shelves due to health concerns.
The chocolate product,…
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Global hotel chain Radisson Blu is set to reopen its outlet in Upper Hill, Nairobi, more than a year after its closure.
The hotel brand, in a statement on Thursday, said the facility will resume operations on May 9th under new management.
“The hotel will reopen on May 9th, 2022, under new ownership…