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More Than 7,000 Travelers Book Kenya Airways' Nonstop Flights to the US Ahead of October 28th Debut
Business

More Than 7,000 Travelers Book Kenya Airways' Nonstop Flights to the US Ahead of October 28th Debut

Kenya Airways (KQ) has announced that more than 7,000 passengers have booked the airline's nonstop flights to the United States ahead of the launch scheduled for October 28th. The airline disclosed the news during a d…

Sep 25, 2018
Gov't Defends Sh900 Million Per Kilometer Nairobi-Mombasa Superhighway to be Built by US Company
Business

Gov't Defends Sh900 Million Per Kilometer Nairobi-Mombasa Superhighway to be Built by US Company

Transport and Infrastructure Cabinet Secretary James Macharia has defended the cost of the 466-kilometre Nairobi-Mombasa Expressway to be constructed by Bechtel, a US-based engineering company. The mega infrastructure…

Sep 23, 2018
Uber Launches Tuk Tuk Rides in Mombasa
Business

Uber Launches Tuk Tuk Rides in Mombasa

Taxi hailing app Uber has unveiled uberPOA, a new feature that provides Tuk Tuk rides for customers in the coastal city of Mombasa. Speaking during the launch, Uber East Africa General Manager Loic Amado said the new…

Sep 21, 2018
Kenyan Shilling to Remain Firm against the US Dollar, Supported by Diaspora Inflows after IMF Fallout
Business

Kenyan Shilling to Remain Firm against the US Dollar, Supported by Diaspora Inflows after IMF Fallout

The Kenyan shilling is expected to remain firm against the United States dollar amidst country's fallout with the International Monetary Fund (IMF). Experts say the shilling will mainly be supported by increased remit…

Sep 20, 2018
Equity Bank Names Former Nairobi Deputy Governor Polycarp Igathe Managing Director
Business

Equity Bank Names Former Nairobi Deputy Governor Polycarp Igathe Managing Director

Equity Bank has named former Nairobi Deputy Governor Polycarp Igathe as its new Managing Director. Igathe has been appointed to the top position barely five months after joining the financial institution as its Chief…

Sep 20, 2018
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President Uhuru Proposes 60 Percent Increase in Tax Imposed on M-Pesa Cash Transactions
Business

President Uhuru Proposes 60 Percent Increase in Tax Imposed on M-Pesa Cash Transactions

President Uhuru Kenyatta has proposed increased taxes on mobile cash transactions in his memorandum on the Finance Bill, 2018 sent to the National Assembly last week. If Members of Parliament approve his proposals, th…

Sep 19, 2018
Kenya Ranked Africa's Fifth Richest Country with a Total Wealth of Sh10 Trillion
Business

Kenya Ranked Africa's Fifth Richest Country with a Total Wealth of Sh10 Trillion

A newly released report has ranked Kenya as the fifth richest country in Africa. The Africa 2018 Wealth Report lists Kenya’s total privately held wealth at Sh10.49 trillion, with a high percentage of it being held by…

Sep 18, 2018
President Kenyatta's Sister Kristina Pratt Sues Businessman for Defaulting on Sh5 Million Loan
Business

President Kenyatta's Sister Kristina Pratt Sues Businessman for Defaulting on Sh5 Million Loan

Kristina Pratt, the elder sister to President Uhuru Kenyatta has sued Richard Thande, the former captain of Karen Country Club, for defaulting on a Sh5 million loan. In a suit filed at Milimani Commercial Courts in Na…

Sep 17, 2018
Nairobi Named Sixth Wealthiest City in Africa
Business

Nairobi Named Sixth Wealthiest City in Africa

A new report has named Nairobi as the sixth wealthiest city in Africa and the richest in the East African region. The study conducted by New World Wealth and AfrAsia Bank from Mauritius shows that Nairobi’s privately…

Sep 17, 2018
Police Impound Rotten Fish from China Destined for Sale in the Kenyan Market
Business

Police Impound Rotten Fish from China Destined for Sale in the Kenyan Market

Police in Eldoret town have impounded several tonnes of rotten fish allegedly imported from China and destined for sale in the Kenyan market. The lorry ferrying the fish was dangerously parked on a pedestrian footpath…

Sep 16, 2018
Kenya Airways to Launch Direct Cargo Flights to the US in December
Business

Kenya Airways to Launch Direct Cargo Flights to the US in December

Kenya Airways has announced it will launch direct cargo flights to the United States on December 1st. Kenya Airways Chief Executive Officer Sebastian Mikosz said the airline is still waiting for further approvals from…

Sep 15, 2018
City Businesswoman Launches Taxi Hailing App in Nairobi Exclusively for Women
Business

City Businesswoman Launches Taxi Hailing App in Nairobi Exclusively for Women

A city businesswoman has launched an online taxi hailing service in Nairobi exclusively for female customers. Entrepreneur Mehnaz Sarwar has unveiled an online taxi application dubbed An Nisa, which will only recruit…

Sep 15, 2018
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US Gives Kenya Sh150 Million for JKIA as It Okays Nonstop Flights to New York City
Business

US Gives Kenya Sh150 Million for JKIA as It Okays Nonstop Flights to New York City

Kenya Airways (KQ) has received an authorization letter allowing it to commence direct flights to the United States. The letter was officially presented by the outgoing American Ambassador to Kenya Robert Godec on Thu…

Sep 14, 2018
Affluent Kenyans of Indian Descent Repatriate Sh13 Billion Stashed in Foreign Accounts
Business

Affluent Kenyans of Indian Descent Repatriate Sh13 Billion Stashed in Foreign Accounts

Kenyans of Indian descent have returned more than 13 billion shillings that was hidden in foreign accounts. The affluent Kenyans are taking advantage of the tax amnesty on assets stashed abroad announced by Treasury C…

Sep 11, 2018
Ekeza Sacco, Which Has 5,000 Members in the Diaspora, to Know its Fate in Three Months
Business

Ekeza Sacco, Which Has 5,000 Members in the Diaspora, to Know its Fate in Three Months

Ekeza Savings and Credit Cooperative Society will know its fate in three months time, Commissioner of Co-operatives Mary Mungai says. Ms Mungai said a verdict will be given after liquidators complete their work even a…

Sep 9, 2018
More Kenyans Travel to the UAE, Pakistan and Spain
Business

More Kenyans Travel to the UAE, Pakistan and Spain

United Arab Emirates (UAE) has been named the fastest growng destination for Kenyan travellers in the last 12 months. An analysis carried out by Travelport - one of the world's leading travel commerce platforms -  sho…

Sep 8, 2018
Why Super-Rich Kenyans are Investing Abroad
Business

Why Super-Rich Kenyans are Investing Abroad

The number of wealthy Kenyans investing outside the country has increased, with most of them putting their cash in foreign-backed mutual funds. Paul Njoki, the head of Standard Chartered Bank's wealth management in Ke…

Sep 7, 2018
China Refuses to Fund Construction of SGR Line until Kenya First Proves Its Viability
Business

China Refuses to Fund Construction of SGR Line until Kenya First Proves Its Viability

The Chinese government has reportedly declined to finance the construction of Standard Gauge Railway (SGR) line from Naivasha to Kisumu until Kenya proves its viability. China is reported to have faulted the project a…

Sep 6, 2018
Bill Gates Seeks to Link All Kenyan Banks with Single Software
Business

Bill Gates Seeks to Link All Kenyan Banks with Single Software

United States billionaire Bill Gates is seeking to link all Kenyan banks and mobile cash platforms through a single software platform. Through the Bill and Melinda Gates Foundation, Gates is seeking Central Bank of Ke…

Sep 6, 2018
President Uhuru Urges China to Pay 50 Percent of the Cost of Extending SGR to Kisumu
Business

President Uhuru Urges China to Pay 50 Percent of the Cost of Extending SGR to Kisumu

President Uhuru Kenyatta has urged China to fund 50 percent of the cost of extending the Standard Gauge Railway (SGR) from Naivasha to Kisumu. During bilateral talks with Chinese President Xi Jinping on Tuesday, Kenya…

Sep 5, 2018