BUSINESS NEWS

Kenya Airways (KQ) has signed an interline agreement with South Africa’s regional airline Airlink. The deal is expected to boost the national carrier’s reach in the South African region via the cities of Johannesburg and Cape Town The agreement will enable KQ customers traveling to South Africa to…

The Nairobi Hospital has laid off over 200 workers as the facility moved to cut expenditure and clear out staff members implicated in a recent graft audit. In a statement, the privately-owned hospital said the fired workers were found to have either performed dismally or involved in unethical…

The court of appeal has declined to reverse the auction of a property belonging to Atul Shah, the CEO of collapsed retail chain Nakumatt. The property located in Nairobi’s Industrial Area was sold by KCB Bank last November for Sh1.04 billion over a multi-billion-shilling loan Shah guaranteed the…

Kenya Airways (KQ) is set to launch drone operations in the country as part of its plan to diversify income sources. The national carrier signed a memorandum of understanding (MoU) with UK-based logistics company Skyports to collaborate in launching drone services in the country. The move comes…

Kenya has a total of 330 individuals with a net worth of at least $10 million (Sh1.08 billion), according to the 2020 Africa Wealth report by AfrAsia Bank. The figure represents a 7.31 percent drop compared to 2019 when the population of billionaires in the country stood at 356.  The drop was…

David Muguku, the managing director of The Waterfront Mall in Karen area has refuted reports that the property is up for sale. “The Waterfront Karen Shopping Mall and its surrounding property remain to be a long-term investment whose main objective is to provide a conducive, safe, environmentally-…

Safaricom has formally submitted a bid for a telecommunication license to operate in Ethiopia. The giant telco announced the move in a notice to its shareholders on Monday, saying it is making the proposal through a consortium. The consortium is made up of Safaricom and its parent companies…

Former Ugandan presidential aspirant Bobi Wine has been ordered to pay USh337 million ($93,000) tax for the bulletproof car he acquired from a Kenyan businessman. Wine whose real name Robert Kyagulanyi purchased the luxury vehicle last year from Mombasa-based businessman Fauz Khalid, who also…

Kenya Airways (KQ) and Congo Airways have signed a two-year partnership agreement in areas of mutual interest. The signing of the agreement was witnessed by President Kenyatta and his Congolese counterpart Felix Tshisekedi in Kinshasa on Thursday. The deal will see the two national airlines partner…

The US has accused corrupt Kenyan public officials of locking out American companies from government contracts. The US Trade Representative’s office lamented that tender bids in Kenya are often manipulated to benefit a few public officials and their cronies, hence locking out qualified American…