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This is a Great Day, President Uhuru Says as He Flags Off Kenya's First Crude Oil Exports
Business

This is a Great Day, President Uhuru Says as He Flags Off Kenya's First Crude Oil Exports

President Kenyatta has officially flagged off the first consignment of crude oil destined for export from Kenya. “A great day for Kenya,” the President wrote in the visitor’s book on arrival at Ngamia in the Turkana h…

Jun 3, 2018
NYS Scandal: 10 Commercial Banks Being Investigated for Illegal Transactions
Business

NYS Scandal: 10 Commercial Banks Being Investigated for Illegal Transactions

Ten commercial banks suspected to have allowed transactions of huge amounts of cash in the Sh9 billion scam at the National Youth Service (NYS) are being investigated and risk losing their operating license if found c…

May 31, 2018
Kenya Ports Authority Managing Director Catherine Mturi-Wairi Fired
Business

Kenya Ports Authority Managing Director Catherine Mturi-Wairi Fired

Kenya Ports Authority (KPA) Managing Director Catherine Mturi-Wairi has been sent home for reportedly failing to meet performance targets. The decision to suspend her was unanimously passed by KPA board of directors d…

May 31, 2018
SGR Passenger Train Madaraka Express Nets Sh1 Billion in 12 Months
Business

SGR Passenger Train Madaraka Express Nets Sh1 Billion in 12 Months

Standard Gauge Railway (SGR) passenger train, Madaraka Express, which was launched by President Kenyatta in June last year has earned the government Sh1 billion in revenue in a span of one year. Speaking on Wednesday…

May 31, 2018
Uber Rolls Out Food Delivery Service for Customers in Nairobi's Upmarket Estates
Business

Uber Rolls Out Food Delivery Service for Customers in Nairobi's Upmarket Estates

Taxi hailing firm Uber has rolled out foods’ delivery services in Nairobi as the US-based company continues to cement its presence in the Kenyan Market. Dubbed Uber Eats, the new service will enable consumers to order…

May 30, 2018
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Tycoon Chris Kirubi Pledges to Invest in Kisumu in Meeting with Raila
Business

Tycoon Chris Kirubi Pledges to Invest in Kisumu in Meeting with Raila

Billionaire businessman Chris Kirubi has commended opposition leader Raila Odinga over his decision to work with President Kenyatta. Speaking when Odinga visited him at his home in Nairobi on Tuesday, the industrialis…

May 30, 2018
Meet Gideon Muriuki, Kenya's Best Paid CEO at Sh30 Million Monthly Pay
Business

Meet Gideon Muriuki, Kenya's Best Paid CEO at Sh30 Million Monthly Pay

Co-op Bank's Gideon Muriuki has emerged as the best paid Chief Executive Officer (CEO) among his peers leading public listed companies in the country. An annual report by the leading banking institution shows that Mr…

May 28, 2018
Kenyans Warned of Syndicate in Fake Smart Driving Licenses Scam
Business

Kenyans Warned of Syndicate in Fake Smart Driving Licenses Scam

Kenyans have been warned of a syndicate that has been conning the public by issuing them with fake smart driving licenses while posing as Transport officials. In a statement, the National Transport and Safety Authorit…

May 28, 2018
Treasury Increases Deputy President Ruto's Wife Rachael Ruto Budget By 700 Per Cent to Sh118 Million
Business

Treasury Increases Deputy President Ruto's Wife Rachael Ruto Budget By 700 Per Cent to Sh118 Million

The office of Deputy President William Ruto's wife, Rachael has received a 700 per cent increase in budget for staff hiring for the next financial year. The Treasury has set aside an additional Sh103.7 million for Rac…

May 26, 2018
Kenya Confident JKIA will be Cleared for Direct Flights to the US
Business

Kenya Confident JKIA will be Cleared for Direct Flights to the US

Transport and Infrastructure Cabinet Secretary James Macharia has expressed optimism that Jomo Kenyatta International Airport (JKIA) will be cleared for nonstop  flights between Nairobi and New York. The CS said the f…

May 23, 2018
US Authorities Begin Final Audit on JKIA to Allow Kenya Airways Operate Nonstop Flights to New York
Business

US Authorities Begin Final Audit on JKIA to Allow Kenya Airways Operate Nonstop Flights to New York

Jomo Kenyatta International Airport (JKIA) is set to undergo a final audit by the American security agencies starting Monday. This audit will determine whether Kenya Airways will be granted authority to operate nonsto…

May 21, 2018
Gov't Slashes Retired President Mwai Kibaki's Staff, Car Maintenance Budget to Sh87 Million
Business

Gov't Slashes Retired President Mwai Kibaki's Staff, Car Maintenance Budget to Sh87 Million

Retired President Mwai Kibaki has had his staff, catering and car maintenance costs for the next financial year trimmed to Sh87 million. The National Treasury cut the budget allocated to the office of former president…

May 20, 2018
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Why Failing to Reverse a Wrong M-Pesa Transaction will Land You in Prison for 2 Years, Sh200,000 Fine
Business

Why Failing to Reverse a Wrong M-Pesa Transaction will Land You in Prison for 2 Years, Sh200,000 Fine

Failing to reverse a wrong M-Pesa transaction will attract a fine of up to Sh200,000 or a 2-year prison term or both, the Computer and Cyber Crimes Act, 2018 which was ratified by President Kenyatta on Wednesday state…

May 18, 2018
Kenyan Treasury to Slap High Income Earners with 35 Per Cent Tax
Business

Kenyan Treasury to Slap High Income Earners with 35 Per Cent Tax

High income earners could be be subjected to taxation of up to 35 percent in a new Bill by the National Treasury. Treasury Cabinet Secretary Henry Rotich in a newly published Income Tax Bill says the move is aimed at…

May 16, 2018
US Company to Construct Sh300 Billion Nairobi-Mombasa Expressway
Business

US Company to Construct Sh300 Billion Nairobi-Mombasa Expressway

American construction company Bechtel Executive is set to begin work on the Sh300 billion Nairobi-Mombasa expressway. The road will be built and owned by a private investor after the Kenyan government declined to take…

May 16, 2018
Government Disposes 400 Tonnes of Contraband Sugar into the Indian Ocean
Business

Government Disposes 400 Tonnes of Contraband Sugar into the Indian Ocean

The government has disposed 400 tonnes of contraband sugar into the Indian Ocean. The destruction of the Sh28 million commodity was supervised by Industrialisation Cabinet Secretary Adan Mohamed and his Tourism counte…

May 12, 2018
Kenyans Warned against Returning Strange International Calls as 'Wangiri Fraud' Returns to Kenya
Business

Kenyans Warned against Returning Strange International Calls as 'Wangiri Fraud' Returns to Kenya

Kenyans have been warned of the resurgence of an international phone calls scam that has seen several unsuspecting people across the world lose millions of shillings worth of credit. In a statement, Communication Auth…

May 10, 2018
Nairobi's Popular Maasai Curio Market Demolished
Business

Nairobi's Popular Maasai Curio Market Demolished

Nairobi's popular curio market, Maasai market located opposite Sarit Center in Westlands has been demolished. The famous market was brought down under heavy police presence on Thursday morning in anticipation of prote…

May 10, 2018
Kenyans Online React after Safaricom Posts Massive Profits
Business

Kenyans Online React after Safaricom Posts Massive Profits

Kenya's telecommunications giant Safaricom on Wednesday announced a Sh55.29 billion profit for the year ending March 31st, a 14.1 percent increase compared to Sh48.4 billion the previous year. The results, largely dri…

May 9, 2018
Safaricom CEO Bob Collymore Announces Return after Six-Month Absence as Telco Posts Sh55 Billion Profit
Business

Safaricom CEO Bob Collymore Announces Return after Six-Month Absence as Telco Posts Sh55 Billion Profit

Safaricom Chief Executive Officer (CEO) Bob Collymore, who has been away on a medical leave for several months has announced his return to the mobile service provider. In a video shared to staff and shareholders on We…

May 9, 2018
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