BUSINESS NEWS
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The Democratic Republic of Congo (DRC) has joined the East African Community (EAC).
DRC was officially admitted into the bloc during the 19th Extra-Ordinary Summit of the EAC Heads of State and Government chaired by Kenya’s President Uhuru Kenyatta on Tuesday.
While welcoming DRC to EAC, Kenyatta…
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President Kenyatta on Thursday presided over the official launch of the Microsoft Africa Development Centre (ADC) in Westlands, Nairobi.
The $27 million (Sh3.1 billion) facility, the first of its kind in Africa, will house the engineering, design, research, and innovation teams, as well as the…
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American multinational hotel chain Marriott International is set to open its first luxury safari lodge in Kenya.
This is after the Maryland-based company signed an agreement with Baraka Lodges Limited to set up the hotel facility at Maasai Mara National Game Reserve in Narok County.
Dubbed the JW…
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The Kenya Private Sector Alliance (KEPSA) has announced the recruitment of the first cohort of Kenyan businesses under the Kenya-US Small and Medium Enterprises Trade Initiative.
The 25 local SMEs will be provided with sector-specific information on business opportunities in the US market as they…
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US-based financial consultancy company Seabury Consulting has commenced its role of advising Kenya Airways (KQ) on its restructuring process.
The national carrier in February appointed Seabury, a subsidiary of professional services giant Accenture, to help reorganize the airline as it seeks to…
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The Biden administration has given an indication of a possible resumption of trade talks between the US and Kenya.
The two nations commenced negotiations for a free trade agreement (FTA) in July 2020, with a view of drafting a comprehensive agreement that would act as a model for similar pacts…
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Keroche Breweries CEO Tabitha Karanja has pleaded with President Kenyatta to intervene in the company’s ongoing tax row with Kenya Revenue Authority (KRA), which has paralyzed its operations.
In a media briefing on Friday, Karanja warned that they will be forced to lay off 250 workers in the next…
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A new wealth report shows that there are 908 high net worth individuals (HNWIs) in Kenya aged 40 and below.
The 908 are self-made dollar millionaires, with a net worth of at least $1 million (Sh113 million), including their primary residence, according to the Knight Frank 2022 Wealth Report.
This…
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Wealthy Kenyans imported over 300 helicopters from South Africa at the height of the Covid-19 pandemic in 2020, it has emerged.
Recent data from the South African Revenue Service (SARS) shows that a total of 325 helicopters valued at Sh3.6 billion were brought in from South Africa in the year that…
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Kenyan Small and Medium Enterprises (SMEs) are set to benefit from the US-Kenya SME Trade Initiative Program.
The program that is co-organized by the Kenya Private Sector Alliance (KEPSA) and Corporate Council on Africa (CCA) targets small enterprises that are eyeing the global market or those that…