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Nyeri Restaurant Accepting Payments Through Bitcoins
Business

Nyeri Restaurant Accepting Payments Through Bitcoins

A Nyeri-based restaurant has become one the first businesses entities in the country to accept payments through world's famous cryptocurrency, Bitcoin. Betty Place Restaurant, located in the heart of the former Centra…

Jul 6, 2018
Kenyan Banks Begin Demanding for KRA PIN Certificate from Account Holders
Business

Kenyan Banks Begin Demanding for KRA PIN Certificate from Account Holders

Commercial banks are now making it mandatory for Kenyans opening accounts to supply their Kenya Revenue Authority (KRA) Personal Identification Number (PIN). The lenders have also requested existing account holders to…

Jul 5, 2018
Kenya to Hold Talks with US Company over Construction of Sh300 Billion Nairobi-Mombasa Expressway
Business

Kenya to Hold Talks with US Company over Construction of Sh300 Billion Nairobi-Mombasa Expressway

The Government of Kenya is set to hold discussions with US construction company Bechtel over the construction of multi-billion Nairobi-Mombasa expressway. The two sides will from next week engage on the the financing…

Jul 4, 2018
Former Nairobi Deputy Governor Polycarp Igathe Confirmed as Equity Bank's CFO
Business

Former Nairobi Deputy Governor Polycarp Igathe Confirmed as Equity Bank's CFO

Former Nairobi Deputy Governor Polycarp Igathe has officially been confirmed as Equity Bank’s Chief Commercial Officer (CFO). The lender confirmed Igathe's appointment alongside that of Julius Kayoboke as Director of…

Jul 4, 2018
Jomo Kenyatta International Airport Named Africa's Best Facility
Business

Jomo Kenyatta International Airport Named Africa's Best Facility

The Jomo Kenyatta International Airport (JKIA) has been named the best airport facility in Africa and 38th globally in new ranking. The latest ranking used quality of service, on-time performance and passenger experie…

Jul 4, 2018
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Nairobi Among Top 4 Foreign Direct Investment Destinations in Africa
Business

Nairobi Among Top 4 Foreign Direct Investment Destinations in Africa

The United Nations has placed Nairobi as one of the top four major urban Foreign Direct Investment (FDI) destinations in Africa. This is together with Cairo, Lagos and Johannesburg. “FDI hubs such as Johannesburg, Cai…

Jul 2, 2018
Bankers Challenge Gov't Plan to Impose Tax on Kenyans Making Huge Transactions
Business

Bankers Challenge Gov't Plan to Impose Tax on Kenyans Making Huge Transactions

Bankers have moved to court to challenge plans to increase tax on transactions of more than Sh500,000 as proposed by National Treasury Cabinet Secretary Henry Rotich. The Kenya Bankers Association (KBA) filed a case o…

Jul 2, 2018
Financial Times of London Heaps Praise on Kenya's Devolution System
Business

Financial Times of London Heaps Praise on Kenya's Devolution System

A London-based publication has hailed the impact made by devolution in Kenya, but indicates that the system can bring more benefits if the 47 counties join regional economic blocs to attract investment. In a four-page…

Jul 2, 2018
Safaricom Announces Increased Charges on Mpesa Transactions
Business

Safaricom Announces Increased Charges on Mpesa Transactions

Kenyans will from Sunday, July 1st be forced to dig deeper into their pockets as the new increased charges for mobile cash transfer service take effect. In his budget statement, Treasury Cabinet Secretary Henry Rotich…

Jun 30, 2018
Kenya Airways Plans Major Product Overhaul Ahead of US Direct Flights
Business

Kenya Airways Plans Major Product Overhaul Ahead of US Direct Flights

Kenya Airways is set to carry out a major overhaul of its products and services ahead of the scheduled maiden nonstop flight to the United States on October 28th. The airline said the move aims at gaining a competitiv…

Jun 29, 2018
Equity Bank Acquires Exclusive Rights to Issue American Express Cards in Kenya
Business

Equity Bank Acquires Exclusive Rights to Issue American Express Cards in Kenya

Equity Bank has acquired exclusive rights to issue American Express cards to merchants and its customers in Kenya in a new deal. Equity first signed the deal with American Express under a merchant acquisition agreemen…

Jun 29, 2018
2.4 Million Kenyans File Tax Returns Ahead of Saturday Deadline as KRA Insists No Extension of Period
Business

2.4 Million Kenyans File Tax Returns Ahead of Saturday Deadline as KRA Insists No Extension of Period

More than 2.4 million Kenyans have filed tax returns ahead of June 30th deadline even as Kenya Revenue Authority (KRA) insist the period will not be extended. The number is slightly high compared to the 1.8 million Ke…

Jun 28, 2018
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Kenya, US Sign Sh10 Billion Deals for Uhuru’s Big Four Agenda
Business

Kenya, US Sign Sh10 Billion Deals for Uhuru’s Big Four Agenda

Deals worth Sh10 billion have been signed at the ongoing United States-Kenya trade conference at the United Nations headquarters in Gigiri, Nairobi. US Under Secretary of Commerce for International Trade Gil Kaplan ar…

Jun 28, 2018
Kenya Airways Recalls Its Leased Dreamliner Aircrafts to be Deployed for Nonstop Flights to the US
Business

Kenya Airways Recalls Its Leased Dreamliner Aircrafts to be Deployed for Nonstop Flights to the US

Kenya Airways has recalled its Dreamliner aircrafts currently leased to Oman and Turkish national airlines. Speaking at the Jomo Kenyatta International Airport (JKIA) on Wednesday, KQ Chief Executive Officer Sebastian…

Jun 28, 2018
Kenyans to File Tax Returns after June 30th Deadline in New Regulations
Business

Kenyans to File Tax Returns after June 30th Deadline in New Regulations

Taxpayers will from next year breath a sigh of relief as Kenya Revenue Authority (KRA) moves to relax tough rules on tax returns. From 2019, the taxman will allow Kenyans to file their returns after the June 30th dead…

Jun 26, 2018
Kenyans Withdrawing, Depositing Huge Amounts of Cash Slapped with Tougher Rules
Business

Kenyans Withdrawing, Depositing Huge Amounts of Cash Slapped with Tougher Rules

The Kenya Bankers Association (KBA) has issued new and tougher rules on withdrawals of huge amounts of cash from banks. In the new directives, customers withdrawing more than Sh10 million will have to give a three-day…

Jun 26, 2018
Bidco Launches Sukuma Wiki Flavored Ugali Noodles
Business

Bidco Launches Sukuma Wiki Flavored Ugali Noodles

Kenyan consumer goods company, Bidco has unveiled Ugali noodles with sukuma wiki flavor to the local market. The maize meal noodles were launched alongside cheese and onion flavoured noodles, giving local consumers ad…

Jun 25, 2018
Agriculture Cabinet Secretary Mwangi Kiunjuri Explains How Mercury Ended Up in Contraband Sugar
Business

Agriculture Cabinet Secretary Mwangi Kiunjuri Explains How Mercury Ended Up in Contraband Sugar

Agriculture Cabinet Secretary Mwangi Kiunjuri has explained how illegal sugar imported into the country might have been contaminated with poisonous compounds such as mercury and copper. Speaking on Monday when he appe…

Jun 25, 2018
KEBS Disputes Interior CS Fred Matiang'i Claims of Traces of Mercury in Impounded Contraband Sugar
Business

KEBS Disputes Interior CS Fred Matiang'i Claims of Traces of Mercury in Impounded Contraband Sugar

Kenya Bureau of Standards (KEBS) has denied reports that traces of mercury and copper were found in recently impounded contraband sugar. Interior Cabinet Secretary Fred Matiang'i had earlier said that  tests carried o…

Jun 21, 2018
Nakumatt CEO Atul Shah Accused of Stealing Sh18 Billion Worth of Stock
Business

Nakumatt CEO Atul Shah Accused of Stealing Sh18 Billion Worth of Stock

The path to recovery of the embattled retail chain Nakumatt has taken a new twist after the court’s appointed administrator, Peter Kadhi accused Chief Executive Officer (CEO) Atul Shah of playing part in the loss of S…

Jun 21, 2018
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