BUSINESS NEWS
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A Chinese construction company has been ordered to hand over 10 housing units at Fourways Junction Kiambu to Equity Bank to settle a debt owed by the owners of the project.
High Court Justice David Majanja directed China Wu-Yi Limited to surrender the houses located at Hibiscus Villas and Tulip…
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US Company Contracted to Build Sh300 Billion Nairobi-Mombasa Expressway Rejects Kenya's Payment Plan
Bechtel, a US engineering company contracted to build the Sh300 billion Nairobi-Mombasa Expressway, has turned down Kenya’s proposal to recoup its investment via toll fees.
The Parliamentary Budget Office (PBO) on Tuesday disclosed that the American company instead wants the Kenya government to pay…
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Kenya Airways (KQ) is on Thursday expected to resume flights to India after a four-month hiatus.
The national carrier suspended flights to Mumbai on April 30th following a spike in COVID-19 deaths and infections in the Asian nation.
In a notice to its customers, KQ announced that the first flight…
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The Jomo Kenyatta International Airport (JKIA) and Moi International Airport, Mombasa have won top global awards.
The two largest airports in the country were feted by the Airports Council International (ACI) for their exemplary customer service.
JKIA bagged the Best Airport by Size and…
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National carrier Kenya Airways (KQ) has leased two planes to Congo Airways under a cargo codeshare deal.
The aircraft lease agreement between the two airlines was signed on Monday as they began operating a cargo codeshare partnership.
KQ CEO Allan Kilavuka said the partnership strengthens…
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The proprietors of InterContinental Hotel in Nairobi have put up several movable assets on sale as they prepare to lease out the building or convert it into a mixed-use property.
Garam Auctioneers announced they received instructions to sell many goods including motor vehicles, bedsheets,…
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Kenya Revenue Authority (KRA) has frozen all bank accounts belonging to Kenyatta University over tax arrears.
The tax authority took the step after the institution failed to remit statutory deductions amounting to Sh2 billion. The tax arrears are part of the Sh5.6 billion the university owes…
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The National Assembly is investigating American energy company Ormat Technologies' deals with Kenya Power and Lighting Company (KPLC).
In its filings with the US Securities Exchange Commission (SEC), Ormat says Kenyan MPs have requested details of their operations at Olkaria and agreements with…
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Kenya Airways (KQ) has reduced the number of direct flights to the United States from three to two a week.
The move follows a drop in the number of passengers on the route, with the national carrier recording a cabin factor of below 65 percent compared to over 70 percent between June and the end of…
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When all his six USB cables stopped working despite being brand new, Anthony Muthungu saw a business idea and has never looked back.
Muthungu founded TotoSci Holdings Ltd, Kenya’s first USB cable manufacturing company based in Kirinyaga County.
Before he started making the cables, Muthungu embarked…
