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Foreign Companies Vow to Remain in Kenya Despite Tuesday Terror Attack in Nairobi
Business

Foreign Companies Vow to Remain in Kenya Despite Tuesday Terror Attack in Nairobi

International companies with regional headquarters in Nairobi have pledged to remain in Kenya despite Tuesday's terror attack at dusitD2 complex along 14 Riverside Drive in Westlands. The companies say the attack will…

Jan 18, 2019
1 Million Mpesa Subscribers Use Safaricom's Overdraft Service One Week After Launch
Business

1 Million Mpesa Subscribers Use Safaricom's Overdraft Service One Week After Launch

Safaricom CEO Bob Collymore says more than 1 million Mpesa subscribers have used the company's overdraft service that was launched more than a week ago.  Speaking to Reuters, Collymore says the service dubbed Fuliza o…

Jan 18, 2019
Airtel Moves Closer to Buying Out Telkom Kenya
Business

Airtel Moves Closer to Buying Out Telkom Kenya

Bharti Airtel has reportedly initiated discussions aimed at buying out Telkom Kenya. The deal, which is expected to be struck by March 2019, will see Helios Investment, a London-based company that owns 60 percent stak…

Jan 15, 2019
Relief for Kenyan Consumers as Fuel Prices Fall to a 13-Month Low
Business

Relief for Kenyan Consumers as Fuel Prices Fall to a 13-Month Low

The Energy Regulatory Commission (ERC) has announced reduced fuel prices in the latest review that comes as a major relief for consumers. In an announcement made on Monday, the agency has reduced the prices of petrol…

Jan 14, 2019
Nigeria's Aliko Dangote Remains Africa's Richest Man as No Kenyan Makes it to the Forbes Magazine List
Business

Nigeria's Aliko Dangote Remains Africa's Richest Man as No Kenyan Makes it to the Forbes Magazine List

Nigerian billionaire, Aliko Dangote has retained his crown as Africa's richest man even as no Kenyan made it to the top 20 list released by Forbes Magazine. The continent’s rich list features individuals from eight Af…

Jan 12, 2019
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Reprieve for Nairobi Motorists as Governor Mike Sonko Slashes CBD Parking Fees to Sh200
Business

Reprieve for Nairobi Motorists as Governor Mike Sonko Slashes CBD Parking Fees to Sh200

Governor Mike Sonko has ordered reduction of Nairobi central business district parking fees to Sh200 starting Monday, January 14th, 2019. Governor Sonko says the slashing of the fees from the current Sh300 is in line…

Jan 11, 2019
Kenyatta Family Makes Sh1.4 Billion Bid to Acquire Jamii Bora Bank
Business

Kenyatta Family Makes Sh1.4 Billion Bid to Acquire Jamii Bora Bank

Commercial Bank of Africa (CBA) has tabled a bid to acquire Jamii Bora Bank in a move that could further expand Kenyatta family's multi-billion-shilling business empire. The Business Daily reports that the Kenyatta fa…

Jan 11, 2019
Safaricom Launches Overdraft Facility for Mpesa Users
Business

Safaricom Launches Overdraft Facility for Mpesa Users

Kenyan giant telecommunications firm, Safaricom has launched an overdraft service for its Mpesa customers. Dubbed Fuliza or Okoa Mpesa, the facility allows Mpesa users to send money or pay for goods and services even…

Jan 9, 2019
SportPesa to Expand Its Operations to Brazil
Business

SportPesa to Expand Its Operations to Brazil

Kenyan giant betting company SportPesa has revealed plans to expand its operations to South America. The gaming firm is now eyeing a share of the Sh1.44 trillion gambling market in Brazil after the South American nati…

Dec 30, 2018
Kenya Airways Submits Formal Bid to Take Over JKIA Operations
Business

Kenya Airways Submits Formal Bid to Take Over JKIA Operations

Kenya Airways has submitted a formal bid to the Kenya Airports Authority (KAA) seeking approval to take over management of Nairobi's Jomo Kenyatta International Airport (JKIA). KAA managing director Jonny Andersen say…

Dec 22, 2018
Several Kenyan Saccos Lose Millions of Shillings to Cyber Criminals
Business

Several Kenyan Saccos Lose Millions of Shillings to Cyber Criminals

Kenyan Savings and Credit Cooperative Societies (SACCOs) have been urged to remain alert in the wake of increased cyber attacks targeting financial institutions. Reports indicate that several Saccos have lost millions…

Dec 20, 2018
Kenyans Transact a Record Sh2 Trillion Through Mobile Cash Platforms
Business

Kenyans Transact a Record Sh2 Trillion Through Mobile Cash Platforms

Kenyans transacted a record Sh2 trillion through mobile money transfer platforms in a period of three months. In a report, the Communications Authority of Kenya (CA) says Kenya's mobile cash transaction value hit abov…

Dec 19, 2018
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Lab Tests Find Chinese Fish in Kenyan Market Contain Toxic Metals Including Mercury
Business

Lab Tests Find Chinese Fish in Kenyan Market Contain Toxic Metals Including Mercury

Chinese fish being sold in the Kenyan market have been found to contain toxic compounds that are harmful to human health. A laboratory test commissioned by The East African Newspaper has revealed that samples of fish…

Dec 17, 2018
Nakumatt Re-opens Mega Branch on Nairobi's Uhuru Highway
Business

Nakumatt Re-opens Mega Branch on Nairobi's Uhuru Highway

Kenyan retail chain, Nakumatt has announced re-opening of Nakumatt Mega branch on Nairobi's Uhuru Highway. The retailer, which is currently under administration, exited the space in September and space was occupied by…

Dec 16, 2018
Nema to Shutdown Nairobi's Famous Kiamaiko Slaughterhouse
Business

Nema to Shutdown Nairobi's Famous Kiamaiko Slaughterhouse

The National Environmental Management Authority (Nema) has issued a notice for the closure of Nairobi's popular goat slaughterhouse, Kiamaiko. The Star reports that the agency has issued a one-year notice to traders t…

Dec 12, 2018
Amazon Allows Online Shoppers to Use Kenyan Shillings to Pay for Items
Business

Amazon Allows Online Shoppers to Use Kenyan Shillings to Pay for Items

Kenyan online shoppers can now pay for products purchased from Amazon using the Kenyan shilling, the giant American electronic commerce company has announced. The Washington-headquartered firm says that shoppers who c…

Dec 11, 2018
President Kenyatta Launches Kenya's New-Look Currency Coins
Business

President Kenyatta Launches Kenya's New-Look Currency Coins

The Central Bank of Kenya (CBK) on Friday unveiled Kenya's new-look coins that conform to 2010 constitutional requirements. The new generation currency coins were launched by President Kenyatta at CBK headquarters in…

Dec 11, 2018
Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger
Business

Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger

Two rich Kenyan families, the Kenyattas and the Ndegwas are set to form Kenya's third largest bank following the announcement of a possible merger of Commercial Bank of Africa (CBA) and National Industrial Credit Bank…

Dec 8, 2018
Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roads
Business

Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roads

Transport and Infrastructure Cabinet Secretary James Macharia has announced plans by the government to ban 14-seater matatus from Kenyan roads. Macharia says the government has procured 11 commuter trains and 64 high-…

Dec 7, 2018
Kenya Airways to Allow Travellers Reserve their Preferred Seats in Economy Class
Business

Kenya Airways to Allow Travellers Reserve their Preferred Seats in Economy Class

Passengers flying Kenya Airways' flights are now allowed to choose their preferred seats in Economy Class, the national carrier has announced. Kenya Airways says the new product aims at improving the guests’ travel ex…

Dec 4, 2018
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