BUSINESS NEWS

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President Trump’s administration has invited American and Kenyan companies to submit their views on the proposed free trade agreement between the US and Kenya. This comes as the two countries prepare to open formal negotiations on the trade deal following last month’s meeting between Trump and his…
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Need to travel from the US to Kenya right away? Kenya Airways has a total of twenty (20) complimentary one-way tickets from JFK International Airport in New York to JKIA International Airport in Nairobi for travel on Tuesday, March 24th, 2020. The FREE tickets are available on a first-come-first-…
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Kenyans are set to enjoy high-speed and affordable internet courtesy of Google Loon in partnership with Telkom Kenya. This comes after the Kenya Civil Aviation Authority (KCAA) signed an agreement with Google Loon, allowing them to fly their balloons over the Kenyan airspace beaming high-speed…
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Kenya Airways has announced its top officials, including the CEO, will take huge pay cuts effective April 1st as the airline fights to stay afloat in the wake of coronavirus pandemic. KQ CEO Allan Kilavuka in a letter to staff on Saturday attributed the decision to dwindling passenger revenues…
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The start of talks on a free trade agreement between Kenya and the United States is inching closer after President Trump sent a notification to the Congress regarding the matter. Trump revealed the intention to open negotiations with Kenya in a letter sent to Speaker Nancy Pelosi, House Minority…
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Following the coronavirus outbreak, commercial banks operating in Kenya have agreed to prolong repayment of personal loans by up to 12 months. Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge on Wednesday said the move is aimed at cushioning the economy from feeling the full effect of the…
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Safaricom has waived all M-Pesa transaction charges for amounts below Sh1,000 in the wake of coronavirus outbreak. In a statement on Monday, Safaricom acting CEO Michael Joseph said all person-to-person transactions below Sh1,000 will be free for a period of 90 days. “…it was agreed that all person…
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The tax dispute pitting Kenya Revenue Authority (KRA) against Keroche Breweries Limited has taken a new twist. This comes after KRA reportedly froze the brewer’s bank accounts in an attempt to recover unpaid taxes totaling Sh9 billion. Keroche Breweries CEO Tabitha Karanja on Thursday said KRA…
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Kenyans who invested with Goldenscape Greenhouses fear they have lost their money after the agribusiness company failed to pay them and went silent. Investors were initially set to receive payments in November last year but that was pushed to February 29th, 2020, with the company blaming the delay…
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Optiven Foundation has today partnered with private equity firm Fusion Capital to empower over 8, 000 needy students from twenty counties across Kenya. Under this new partnership, Fusion Capital has injected Kshs2 million into Optiven Foundation’s Soaring Eagles Scholarship Programme (SESP) which…