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Ethiopian Airlines Launches Three Weekly Flights to New York's JFK Airport
Business

Ethiopian Airlines Launches Three Weekly Flights to New York's JFK Airport

Ethiopian Airlines has launched three weekly flights to New York's John F Kennedy (JFK) International Airport. The airline said the new flights to New York will make stopovers in Abidjan, Ivory Coast (West Africa). Et…

Jun 12, 2019
Billionaire Chris Kirubi to Pocket Sh230 Million in Dividends from Centum
Business

Billionaire Chris Kirubi to Pocket Sh230 Million in Dividends from Centum

Kenyan billionaire businessman Chris Kirubi is set to receive $2.3 million (about Sh230 million) in dividends from Centum Investment. This comes after the listed private equity company announced a profit of Sh4.44 bil…

Jun 12, 2019
Central Bank Defends Presence of Kenyatta's Image on New Banknotes
Business

Central Bank Defends Presence of Kenyatta's Image on New Banknotes

The Central Bank of Kenya (CBK) has defended the presence of Jomo Kenyatta's image on the new generation banknotes. In its response to a case filed by activist Okiya Omtatah, the CBK dismissed the petitioner's claims…

Jun 12, 2019
12 Luxury Vehicles Stolen from the UK Seized in Kenya by KRA Officers
Business

12 Luxury Vehicles Stolen from the UK Seized in Kenya by KRA Officers

12 luxury vehicles smuggled into Kenya from the United Kingdom have been impounded at the Mombasa port. The Business Daily reports that the high-end cars worth millions of shillings were seized by officers from the Ke…

Jun 11, 2019
Former Kiambu Governor Kabogo to Sue Safaricom, Telcos over Internet Data Expiry
Business

Former Kiambu Governor Kabogo to Sue Safaricom, Telcos over Internet Data Expiry

Former Kiambu Governor William Kabogo is set to sue Safaricom and other Kenyan telecommunications companies over internet data expiry date. Kabogo accused the mobile service providers of exploiting Kenyans, arguing th…

Jun 11, 2019
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Burger King to Spend Sh270 Million to Open New Branches in Kenya
Business

Burger King to Spend Sh270 Million to Open New Branches in Kenya

United States-based fast food chain Burger King has revealed plans to spend more than Sh270 million annually to open new branches in Kenya. This is part of the restaurant's plan to expand its footprint in the Kenyan m…

Jun 4, 2019
Gov't to Acquire 32 Nairobi BRT Buses from Local Manufacturers
Business

Gov't to Acquire 32 Nairobi BRT Buses from Local Manufacturers

Kenya's Ministry of Transport has reduced the number of high-capacity buses it was set to import from South Africa from 64 to 32. The ministry had earlier made orders for 64 buses meant for the Nairobi's bus transit t…

Jun 3, 2019
Nairobi Named Africa's Leading Business Travel Destination
Business

Nairobi Named Africa's Leading Business Travel Destination

Nairobi has been named Africa’s leading business travel destination at this year’s 26th Annual World Travel Award (WTA). The Kenyan capital emerged the winner after beating other popular African cities including Cairo…

Jun 3, 2019
US Fast-Food Chain Burger King Opens New Outlet in Nairobi
Business

US Fast-Food Chain Burger King Opens New Outlet in Nairobi

United States fast-food chain Burger King has launched its fifth outlet in the Kenyan capital, Nairobi. The opening of the new branch in Lavington is part of the franchise's plan to expand its footprint in the Kenyan…

Jun 2, 2019
KQ Sheds Light on Why Passengers are Prevented from Switching Seats on Half-Empty Flights
Business

KQ Sheds Light on Why Passengers are Prevented from Switching Seats on Half-Empty Flights

Kenya Airways (KQ) has shed light on why passengers aboard a half-empty flight are not allowed to switch seats. KQ was responding to a British customer who asked why travelers aboard a London-bound KQ flight were prev…

May 31, 2019
Kenya Secures Sh75 Billion Loan from World Bank
Business

Kenya Secures Sh75 Billion Loan from World Bank

The World Bank has approved Kenya's request for a loan of Sh75 billion to support the 2019/2020 budget. In a statement, the World Bank said the money will support the government's Big Four Agenda which prioritizes uni…

May 30, 2019
Kenya Requests Sh75 Billion Loan from World Bank
Business

Kenya Requests Sh75 Billion Loan from World Bank

The Kenyan government has written to the World Bank requesting for a new loan of Sh75 billion. The Business Daily reports that Kenya has described the loan as "Inclusive Growth and Fiscal Management Development Policy…

May 28, 2019
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Sebastian Mikosz to Resign as Kenya Airways CEO
Business

Sebastian Mikosz to Resign as Kenya Airways CEO

Kenya Airways CEO Sebastian Mikosz is set to step down from his position at the end of this year. In an internal memo to the national carrier's staff, Mikosz, who was appointed to the position in June 2017, cited "per…

May 24, 2019
Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from British Company Vodafone
Business

Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from British Company Vodafone

Safaricom and its parent company, Vodacom have revealed plans to acquire the intellectual property rights of M-pesa service from British telecommunications firm Vodafone. Speaking to Reuters on Thursday, Safaricom CEO…

May 24, 2019
CEO Bob Collymore to Extend His Stay at Safaricom
Business

CEO Bob Collymore to Extend His Stay at Safaricom

Safaricom CEO Bob Collymore has announced he will extend his stay at the giant telecommunications company beyond his current term. Speaking to journalists on the sidelines of a meeting on Thursday, Collymore said he w…

May 23, 2019
Google Cuts Business Ties with Phone Maker Huawei as US-China Trade War Heightens
Business

Google Cuts Business Ties with Phone Maker Huawei as US-China Trade War Heightens

Alphabet Inc’s Google has cut business ties with Chinese phone manufacturer Huawei in what could be a major blow to the giant telecommunications firm. The move means new designs of Huawei smartphones will not be able…

May 20, 2019
Kenya Bans Importation of Used Car Spare Parts
Business

Kenya Bans Importation of Used Car Spare Parts

The Kenya Bureau of Standards (Kebs) has banned the importation of used car spare parts into the country. In a notice on Monday, the State agency says the ban affects 17 categories of second-hand automobile spare part…

May 20, 2019
Windows, Old Android Smartphone Owners will No Longer Access WhatsApp
Business

Windows, Old Android Smartphone Owners will No Longer Access WhatsApp

Individuals using smartphones running on Windows operating systems will not be able to access the messaging app, WhatsApp after December 31st, 2019. In a notice on its mobile device support blog, WhatsApp says it will…

May 18, 2019
Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow in the US, UK
Business

Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow in the US, UK

Kenya has issued a new Eurobond worth Sh210 billion ($2.1 billion), the country's third in a period of five years. The loan has been secured following a successful roadshow in the United States and the United Kingdom…

May 16, 2019
South Africa Leapfrogs the US to Become Kenya's Second Largest Foreign Investor
Business

South Africa Leapfrogs the US to Become Kenya's Second Largest Foreign Investor

South Africa has overtaken the United States to become Kenya's second largest foreign investor. South Africa leapfrogged the US to second place following a number of multi-billion shilling deals recently inked by SA f…

May 16, 2019
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