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Immigration's Among Several Kenya Gov't Websites Shutdown By Microsoft
Business

Immigration's Among Several Kenya Gov't Websites Shutdown By Microsoft

Kenya's Immigration Department's website (www.immigration.go.ke) is among several government websites that have been shutdown by Microsoft over alleged unsettled debts. Other ministries affected by the shutdown includ…

Nov 6, 2018
BBC Launches Africa Headquarters in Nairobi
Business

BBC Launches Africa Headquarters in Nairobi

British Broadcasting Corporation (BBC) has officially launched its East African Bureau in Nairobi. The bureau is the largest BBC studio outside the United Kingdom and will double up as the company's Africa headquarter…

Nov 6, 2018
Safaricom to Launch an Overdraft Facility for Mpesa Users
Business

Safaricom to Launch an Overdraft Facility for Mpesa Users

Kenya's leading mobile service provider Safaricom is set to launch an overdraft facility for its Mpesa customers. Dubbed Fuliza, the facility will allow Mpesa users to send money or pay for goods and services even whe…

Nov 4, 2018
Safaricom Announces Sh31.5 Billion Half Year Profit
Business

Safaricom Announces Sh31.5 Billion Half Year Profit

Safaricom has announced a Sh31.5  billion net profit in the half-year ending September 30th, 2018. M-Pesa revenues grew by 18.2 percent, raking in Sh35.5 billion while mobile data revenues hit Sh19.45 billion, a 10.2…

Nov 3, 2018
President Uhuru Administration to Sell 26 State-owned Companies
Business

President Uhuru Administration to Sell 26 State-owned Companies

President Kenyatta's administration is set to sell 26 state-owned companies in order to raise funds for the current budget. The Star reports that the move has already received approval from the Kenya's Privatisation C…

Nov 3, 2018
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Kenyan Gov't Suspends Ban Imposed on Chinese Fish
Business

Kenyan Gov't Suspends Ban Imposed on Chinese Fish

The government has suspended the ban imposed on the importation of Chinese fish into the country. Susan Imende, the Director-General of the Kenya Fisheries Service says the ban that was scheduled to take effect on Jan…

Nov 2, 2018
China Withdraws Threat of Imposing Trade Sanctions on Kenya over Ban on Chinese Fish
Business

China Withdraws Threat of Imposing Trade Sanctions on Kenya over Ban on Chinese Fish

China has withdrawn its earlier threat of engaging in a “trade war” with Kenya over the government's decision to impose a ban on Chinese fish. On Tuesday, Chinese Ambassador to Kenya Li Xuhang warned that his country…

Nov 1, 2018
Uganda Denies Pulling Out of SGR Deal with Kenya
Business

Uganda Denies Pulling Out of SGR Deal with Kenya

Uganda has refuted reports that it has pulled out of the deal for the construction of a Standard Gauge Railway (SGR) line linking the country with Kenya. Monica Azuba, Uganda's Minister of Works and Transport, says he…

Nov 1, 2018
Safaricom Fined Sh293 Million for Poor Services
Business

Safaricom Fined Sh293 Million for Poor Services

Kenya's giant mobile service provider Safaricom has been slapped with a fine of nearly 300 million shillings for poor quality services in 2017 In the latest sustainability report, Safaricom says it paid a fine of Sh29…

Oct 31, 2018
President Uhuru Downplays Fears over Huge China Debt
Business

President Uhuru Downplays Fears over Huge China Debt

President Kenyatta has downplayed concerns raised by critics over the huge debt Kenya owes China. In an interview aired on CNN, the President questions why Kenya's debt critics only talk about loans taken from China w…

Oct 30, 2018
Eurobond III: Kenya Seeks to Raise Sh287 Billion By the End of this Year
Business

Eurobond III: Kenya Seeks to Raise Sh287 Billion By the End of this Year

The government has announced plans of borrowing $2.8 billion (Sh287 billion) in Eurobonds offers and syndicated loan before the end of 2018 to finance the 2018/2019 budget, Bloomberg reports. National Treasury Princip…

Oct 29, 2018
Kenya Airways' Maiden Direct Flight to the US Receives Water Salute at JKF Airport in New York
Business

Kenya Airways' Maiden Direct Flight to the US Receives Water Salute at JKF Airport in New York

Kenya Airways' maiden direct flight to the United States has received a water salute upon touching the ground at the JKF International Airport in New York. The Boeing 787-8 Dreamliner (5Y-KZE) plane KQ002 landed at th…

Oct 29, 2018
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Kitui Governor Charity Ngilu Launches First Garment Factory by a County Government
Business

Kitui Governor Charity Ngilu Launches First Garment Factory by a County Government

Kitui Governor Charity Ngilu has launched the first-ever garment making factory by a County government in Kenya since the inception of devolution. Ms Ngilu says the factory named Kitui County Textile Centre (KICOTEC)…

Oct 28, 2018
Retired President Mwai Kibaki to Build Multi-Billion Shilling Mini-City Near Menengai Crater
Business

Retired President Mwai Kibaki to Build Multi-Billion Shilling Mini-City Near Menengai Crater

Retired President Mwai Kibaki is planning to build a multi-billion shilling mini-city comprising of a five-star hotel near Menengai Crater in Nakuru. The investment's promoters say the decision to set up the luxurious…

Oct 25, 2018
IMF Accuses Kenya of Over-valuing the Shilling by 17.5 Percent
Business

IMF Accuses Kenya of Over-valuing the Shilling by 17.5 Percent

The International Monetary Fund (IMF) claims that Kenya is artificially manipulating the shilling in order to make it appear strong. In a statement quoted on Bloomberg, the Washington-based global body that gives loan…

Oct 25, 2018
Kenya Airways Direct Nonstop Flights to the US in Limbo as Workers Issue Strike Notice
Business

Kenya Airways Direct Nonstop Flights to the US in Limbo as Workers Issue Strike Notice

Kenya Airways' maiden direct flight to the United States lies in limbo after aviation employees threatened to go on strike.  In a notice, the Kenya Aviation Workers’ Union (Kawu) cites Kenya Airway’s failure to agree…

Oct 23, 2018
Celebrated CNN Anchor Richard Quest Visits Kenya, to Ride Kenya Airways Maiden Direct Flight to the US
Business

Celebrated CNN Anchor Richard Quest Visits Kenya, to Ride Kenya Airways Maiden Direct Flight to the US

Cable News Network (CNN) anchor Richard Quest has began his tour to Kenya. Quest arrived in the country on Monday and visited Nairobi's Karura Forest for a morning run in the company of celebrated Kenyan athlete Eliud…

Oct 23, 2018
Kenya Airways Sells Out Tickets for its Maiden Direct Flight to the US, One Week Ahead of Official Launch
Business

Kenya Airways Sells Out Tickets for its Maiden Direct Flight to the US, One Week Ahead of Official Launch

Kenya Airways has sold out tickets for its maiden direct flight to the United States one week to the October 28th official launch. The national carrier's website indicates that tickets for the historic flight to JFK I…

Oct 21, 2018
President Uhuru Returns to China Next Month to Secure Market for Kenyan Products
Business

President Uhuru Returns to China Next Month to Secure Market for Kenyan Products

President Kenyatta is next month expected to travel to China to secure market for Kenyan products. The President will lead a delegation of Kenyan farmers in signing of a deal for exportation of avocados, mangoes, cash…

Oct 20, 2018
Kenya's Public Debt to Rise to Sh7 Trillion By the End of President Uhuru's Tenure
Business

Kenya's Public Debt to Rise to Sh7 Trillion By the End of President Uhuru's Tenure

Kenya's public debt is expected to rise to Sh5.6 trillion by June, 2019 and Sh7 trillion by the time President Kenyatta exits office in 2022. The 2018 annual public debt management report tabled in Parliament by Natio…

Oct 18, 2018
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