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SportPesa Set to Resume Operations After KRA Clearance
Business

SportPesa Set to Resume Operations After KRA Clearance

Giant betting company SportPesa has announced it will resume operations soon after it was cleared by Kenya Revenue Authority (KRA). In a statement on Tuesday, SportPesa said had positive engagement with the government…

Sep 3, 2019
Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the Telco
Business

Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the Telco

Acting Safaricom CEO Michael Joseph hinted at an extended stay at the helm of the giant telecommunications company. Speaking to the media on Friday, Joseph described Safaricom as “my company”, stating that he would re…

Sep 1, 2019
Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019
Business

Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019

Kenya Airways (KQ) recorded a pretax loss of Sh8.56 billion in the half-year ended June 30th, 2019. This is an increase by more than double from Sh3.9 billion loss the airline posted in the same period last year.  KQ’…

Aug 27, 2019
Uhuru Roots for Total Ban on Gambling in Kenya
Business

Uhuru Roots for Total Ban on Gambling in Kenya

President Kenyatta on Saturday threw his weight behind the proposal to totally ban gambling in Kenya. Speaking at the 60th-anniversary celebrations of CITAM Church in Karen, Nairobi, Kenyatta said he supports the idea…

Aug 25, 2019
Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Port
Business

Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Port

President Kenyatta is on Monday slated to flag off the shipment of Kenya’s maiden consignment of crude oil at the port of Mombasa. The 200,000 barrels of crude oil will be exported by Chinese company ChemChina UK Limi…

Aug 25, 2019
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Google Warns Kenya over Digital Tax Push
Business

Google Warns Kenya over Digital Tax Push

US technology company, Google has warned that Kenya’s plan to impose tax on digital transactions could spark trade wars with other countries. Google told Members of Parliament that the State’s bid to introduce amendme…

Aug 24, 2019
Keroche Breweries CEO Tabitha Karanja, Husband Arrested
Business

Keroche Breweries CEO Tabitha Karanja, Husband Arrested

Keroche Breweries Limited CEO Tabitha Karanja was on Thursday evening arrested over allegations of tax evasion. Detectives from Directorate of Criminal Investigations (DCI) picked Mrs. Karanja and her husband Joseph f…

Aug 22, 2019
Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Using Old Sh1,000 Notes Nears
Business

Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Using Old Sh1,000 Notes Nears

Kenyans returned at least Sh25 billion to banks following Central Bank of Kenya’s move to phase out the old Sh1,000 notes by October 1st. Latest data from Central Bank of Kenya (CBK) showed that the total amount of ca…

Aug 22, 2019
Kenya Airways to Pay British Company Sh25 Million to Probe Collision of Two Jets at JKIA
Business

Kenya Airways to Pay British Company Sh25 Million to Probe Collision of Two Jets at JKIA

National carrier Kenya Airways (KQ) has contracted a British aviation company to investigate an incident where two planes collided at Jomo Kenyatta International Airport (JKIA) earlier this year. KQ will reportedly pa…

Aug 21, 2019
Kenya Gov’t Targets YouTube, Netflix with Taxes
Business

Kenya Gov’t Targets YouTube, Netflix with Taxes

The government is working on a policy that will be used to tax online streaming services such as YouTube and Netflix. Communications Authority (CA) director-general Francis Wangusi said the ICT ministry is in the fina…

Aug 17, 2019
Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billion
Business

Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billion

Two weeks after President Kenyatta announced that Kenya had joined the league of oil-exporting countries after selling its first 200,000 barrels of crude oil, details of the sale deal have emerged. At the time, Kenyat…

Aug 16, 2019
Kenyan Tycoon Humphrey Kariuki Steps Down from His Group of Companies over Sh41B Tax Evasion Case
Business

Kenyan Tycoon Humphrey Kariuki Steps Down from His Group of Companies over Sh41B Tax Evasion Case

Embattled Kenyan tycoon Humphrey Kariuki on Tuesday stepped down as the Chairman of his group of companies over allegations of evading taxes amounting to billions of shillings. Kariuki, who has been serving as Chairma…

Aug 14, 2019
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Revealed: Cost of Nairobi-Mombasa Expressway by US Company Allegedly Inflated by 66.7%
Business

Revealed: Cost of Nairobi-Mombasa Expressway by US Company Allegedly Inflated by 66.7%

Reports have emerged that building of the planned multi-billion-shilling Nairobi-Mombasa expressway by American engineering company, Bechtel was delayed after it was established that the cost of the project was highly…

Aug 12, 2019
US Marijuana Company Bangi Inc. Seeks Listing on Nairobi Securities Exchange
Business

US Marijuana Company Bangi Inc. Seeks Listing on Nairobi Securities Exchange

A United States marijuana company is seeking to be listed on the Nairobi Securities Exchange (NSE). Bangi Inc., which deals with the cultivation and processing of Cannabis Sativa, announced that its board had approved…

Aug 9, 2019
Kenya’s East Africa Portland Cement Lays Off All 2,000 Workers
Business

Kenya’s East Africa Portland Cement Lays Off All 2,000 Workers

All the 2,000 people working at Kenya’s East African Portland Cement (EAPCC) have been laid off. EAPCC Chief Executive Officer Stephen Nthei said all job positions in the company were declared redundant and all employ…

Aug 9, 2019
Username Investments CEO Set to Receive the Prestigious 2019 African Business Personality Award
Business

Username Investments CEO Set to Receive the Prestigious 2019 African Business Personality Award

Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business Personality Award at the Voice Achievers Award. The prestigious award seeks to recognize outstanding men and women who have…

Aug 7, 2019
Microsoft Poaches Kenya’s Jack Ngare from Equity Bank to Head Nairobi Facility
Business

Microsoft Poaches Kenya’s Jack Ngare from Equity Bank to Head Nairobi Facility

Microsoft has appointed Jack Ngare as the first Managing Director of its newly launched Africa Development Centre (ADC) in Nairobi. Ngare leaves Equity Bank, where he has been serving as the MD of the lender’s virtual…

Aug 7, 2019
Kenyan Tycoon Chris Kirubi Pockets Additional Sh200 Million from BIC Sale Deal
Business

Kenyan Tycoon Chris Kirubi Pockets Additional Sh200 Million from BIC Sale Deal

Kenyan billionaire businessman Chris Kirubi has pocketed an extra $2 million (about Ksh.200 million) following the sale of one of his company, the BiC brands East Africa franchise. last year. The tycoon sold the compa…

Aug 6, 2019
Job Losses Loom as Gov’t Orders All Cargo Ferried via SGR
Business

Job Losses Loom as Gov’t Orders All Cargo Ferried via SGR

The government has issued a new directive requiring all imported cargo at Mombasa port be ferried to Nairobi through the Standard Gauge Railway (SGR). In a notice, Kenya Revenue Authority (KRA) and Kenya Ports Authori…

Aug 5, 2019
Equity Bank Managing Director Polycarp Igathe Lands New Appointment at Vivo Energy
Business

Equity Bank Managing Director Polycarp Igathe Lands New Appointment at Vivo Energy

Equity Bank Managing Director Polycarp Igathe is set to leave the lender at the end of this month, slightly over a year after his appointment. Igathe, who joined Equity Bank in May 2018, has been named as the new Vice…

Aug 2, 2019
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