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12 Kenyan Enterprises Get Sh200 Million Google Funding
Business

12 Kenyan Enterprises Get Sh200 Million Google Funding

12 Kenyan non-profit enterprises are set to receive Sh200 million grant funding from Google. The 12 Kenyan firms beat more than 1,000 other nonprofits and social enterprises who were fighting to get the fund and train…

Nov 30, 2018
CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling
Business

CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling

The Central Bank of Kenya (CBK) has refuted reports by the International Monetary Fund (IMF) claiming that the country has overvalued the shilling in a bid to make it remain strong against the United States dollar. Wh…

Nov 29, 2018
Deputy President William Ruto's Sh600 Million Beach Hotel in Mombasa Gets Clearance
Business

Deputy President William Ruto's Sh600 Million Beach Hotel in Mombasa Gets Clearance

The National Environment Management Authority (Nema) has cleared Deputy President William Ruto's Sh600 million beach hotel that is under construction near the Indian Ocean in Mombasa. Stephen Wambua, the Nema boss in…

Nov 28, 2018
Kenya at High Risk of Losing Key Assets to China over Debt, Global Ratings Firm Moody's Warns
Business

Kenya at High Risk of Losing Key Assets to China over Debt, Global Ratings Firm Moody's Warns

Moody’s Investor Service has warned that Kenya could lose some of its key assets to China over piling debt. In its newly-unveiled report, Moody’s, a global credit rating firm with headquarters in the US, says Kenya is…

Nov 27, 2018
Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2017
Business

Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2017

The United States sold military weapons worth Sh14.6 billion to Kenya in 2017. Latest data from the US government shows that this is highest arms purchase by Kenya in the last 10 years. The purchase also places Kenya…

Nov 27, 2018
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Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway
Business

Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway

The government spends more than Sh1.5 million daily to maintain Thika Superhighway, records from the Kenya National Highways Authority (KeNHA) show. This makes the highway built during President Mwai Kibaki's administ…

Nov 27, 2018
Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Expensive Road Ever
Business

Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Expensive Road Ever

A new report compiled by the Kenya National Highways Authority (KeNHA) has named some of the most expensive roads in the country. In the document, KeNHA lists Dongo Kundu Bypass in Mombasa as the most expensive road i…

Nov 22, 2018
Uber Launches Boda-Boda Service for Commuters in Nairobi
Business

Uber Launches Boda-Boda Service for Commuters in Nairobi

Uber has launched a Boda-Boda service that will allow commuters in Nairobi to hail motorbikes using the Uber app. The new product, dubbed uberBODA, adds to Uber's growing number of services in Kenya, which include ube…

Nov 22, 2018
Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarked for Auction by KRA
Business

Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarked for Auction by KRA

The Kenya Revenue Authority (KRA) says it will auction 568 cars that have overstayed at the port of Mombasa after importers failed to pick them. In a gazette notice, KRA says it has given owners of the vehicles 30 day…

Nov 21, 2018
Construction of Sh59 Billion Overpass from JKIA Set to Begin
Business

Construction of Sh59 Billion Overpass from JKIA Set to Begin

Transport and Infrastructure Cabinet Secretary James Macharia says the planned construction of an overpass from the Jomo Kenyatta International Airport (JKIA) will begin soon. Macharia says engineers are putting final…

Nov 20, 2018
Moi International Airport to Undergo Sh7 Billion Facelift
Business

Moi International Airport to Undergo Sh7 Billion Facelift

Moi International Airport (MIA) in Mombasa is set to undergo a major upgrade at a cost of Sh7 billion. Transport Cabinet Secretary James Macharia says the funds will be used to refurbish airside pavements and airfield…

Nov 20, 2018
KRA Misses Tax Collection Target by Sh60 Billion
Business

KRA Misses Tax Collection Target by Sh60 Billion

The Kenya Revenue Authority (KRA) has once again failed to meet its tax collection target in the three months ended September, 2018. Latest data from the National Treasury shows the taxman fell short of the collection…

Nov 19, 2018
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Nairobi Ranked Africa's Most Expensive City to Live in
Business

Nairobi Ranked Africa's Most Expensive City to Live in

A newly released survey report has ranked Nairobi as the most expensive city to live in the continent of Africa. The survey, dubbed Cost of Living in Cities around the World: Prices and Earnings 2018, was carried out…

Nov 16, 2018
Uber Mulls Launching Minibus Service in Nairobi
Business

Uber Mulls Launching Minibus Service in Nairobi

Uber is planning to launch minibus service targeting congested estates in Nairobi. Uber’s East Africa General Manager Loic Amado says the service will be rolled out in Nairobi if the ongoing tests on the product in Eg…

Nov 15, 2018
Kenya Airways Reduces Number of Direct Flights on the Newly-Launched Nairobi-New York Route
Business

Kenya Airways Reduces Number of Direct Flights on the Newly-Launched Nairobi-New York Route

Kenya Airways has reportedly reduced the number of flights flying directly on the newly launched Nairobi-New York route due to low demand  The airline's management attributes the low booking of tickets to effects of w…

Nov 14, 2018
Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Billion
Business

Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Billion

The cost of printing new-look Kenya currency has gone up by 50 percent to Sh15 billion from the initial Sh10 billion, Central Bank of Kenya has announced. The increase is as a result of introduction of a new coat of v…

Nov 13, 2018
Telkom Kenya Names Mugo Kibati as Its New CEO
Business

Telkom Kenya Names Mugo Kibati as Its New CEO

Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO). Kibati takes over the position from Aldo Mareuse who has left the telecommunications company to pursue other interests after two years a…

Nov 9, 2018
Kenya Airways to Launch Flights to Other US Destinations including Atlanta and Washington, DC
Business

Kenya Airways to Launch Flights to Other US Destinations including Atlanta and Washington, DC

Kenya Airways plans to launch flights to other destinations in the United States including Atlanta and Washington, DC, the airline's chairman Michael Joseph has announced. Last week,Kenya Airways launched daily direct…

Nov 7, 2018
Africa's Richest Man Aliko Dangote to Buy Kenyan Company
Business

Africa's Richest Man Aliko Dangote to Buy Kenyan Company

Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company. Speaking during an interview with Bloomberg, the tycoon refused to reveal the identity of the company but notes that the firm…

Nov 7, 2018
MPesa Users to Make Transactions through Western Union in New Deal
Business

MPesa Users to Make Transactions through Western Union in New Deal

Safaricom has signed a payments deal with United States financial services company Western Union. The deal will allow MPesa users to send and receive cash at any Western Union outlets across the globe. Under the agree…

Nov 6, 2018
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