BUSINESS NEWS
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Kenya Airways (KQ) is this weekend scheduled to resume direct flights to the US after an eight-month hiatus accessioned by the Covid-19 pandemic.
The national carrier had initially planned to relaunch the New York nonstop flights on October 31st but the resumption date was pushed to November 29th…
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The High Court has ordered the dissolution of Africa Merchant Assurance Company (Amaco), an insurance firm linked to Deputy President William Ruto.
This came after the 22-year-old insurance company failed to settle a Sh10.2 million debt it owes to six individuals.
Justice Margaret Muigai ordered…
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Kenya Power has raised alarm over the growing number of customers shifting to solar energy.
The State-owned electricity distributor indicated that its industrial clients who account for nearly 60 percent of its revenues are gradually installing solar power systems, dealing a blow to its already…
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The Betting Control and Licensing Board (BCLB) has cleared SportPesa to resume operations in Kenya under Milestone Games Limited.
Through a statement on Friday, BCLB said it has reinstated the operating license of Milestone Games Limited, which was revoked on October 31st.
The lifting of the…
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Equity Bank CEO James Mwangi is set to build a skyscraper in Kigali, Rwanda’s capital city.
The project dubbed Kigali Financial Towers was approved by the country’s Cabinet last week and will be undertaken by Equity Holding (EH) Venture Capital, an investment arm of Equity Group.
Rwanda Development…
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The Kenya Bureau of Standards (KEBS) has approved the mass production of a Kenyan-made car dubbed BJ50.
Samwel Njogu, the brain behind BJ50 said they received the government’s go-ahead following scrutiny of the vehicles.
Photos of the BJ-50 car went viral on social media in March 2019 when Laikipia…
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The family of the late former president Daniel Arap Moi has sold majority shares in Siginon Aviation.
Reports indicate Senator Gideon Moi, who oversees the operations of the company, sold a 51 percent stake to a Turkish company, Celebi Ground Handling Inc. that has interests in the aviation…
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The World Travel Awards (WTA) has named Kenya as 2020 Africa’s leading tourist destination.
The announcement was made virtually from the UK during the 27th WTA finals that coincided with the Africa Winners Day.
Further to this, Destination Kenya was ranked Africa’s leading destination management…
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The Kenya Revenue Authority (KRA) has moved to curb cases of tax evasion by rolling out a web-based anonymous reporting solution called iWhistle.
Through iWhistle, Kenyans will be able to anonymously report tax-related crimes and provide KRA with tax crime leads.
The web-based system was virtually…
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Giant gaming company, SportPesa has resumed operations in Kenya more than a year after its license was withdrawn by the government.
SportPesa’s trading license was revoked by the Betting Control and Licensing Board (BCLB) in July 2019 over failure to pay taxes amounting to billions of shillings.
In…
