BUSINESS NEWS

United States technology company, Google has abandoned plans to acquire a stake in Kenya’s Lake Turkana Wind Power (LTWP). Google had submitted a bid to buy a 12.5 percent stake in LTWP but ended the quest over delays in the project, Denmark-based company, Vestas announced on Monday. The 310-…

President Kenyatta on Thursday held a meeting with US President Trump at the White House in Washington, DC. During the meeting, the two leaders agreed to initiate negotiations on a free trade agreement between Kenya and the US, America’s first such deal with a sub-Saharan nation. “Kenya is a…

Kenya and the United States have signed a new Air Transport Agreement that will grant all-cargo airliners from the two nations express rights. In a statement on Wednesday, the US government said the agreement that was signed on the basis of mutual benefits will add seventh-freedom traffic rights…

US President Donald Trump will on Thursday host Kenyan President Kenyatta at the White House in Washington, DC. The two leaders will advance the discussions that begun when Kenyatta last visited the White House in August 2018, according to a statement released by the White House Press Secretary…

President Kenyatta is this week scheduled to hold talks with his United States counterpart Donald Trump in Washington, DC. The meeting between the two leaders comes as Kenya and the US prepare to start negotiations on a free-trade agreement (FTA), America’s first such deal with a sub-Saharan nation…

The Kenya Bureau of Standards (KEBS) on Thursday banned the sale of 17 maize flour brands. In a statement, KEBS said the affected maize meal brands were found to contain high levels of aflatoxin, making them unsafe for human consumption. As a result, the State agency ordered the immediate…

Kenya Airways has announced plans to lay off some of its workers in what the management terms as a restructuring move. In an internal memo addressed to staff members, Kenya Airways acting CEO Allan Kilavuka indicated that the layoff was part of Operation Pride, a turnaround program aimed at…

Officials from Kenya are early next month set to meet with their United States counterparts to negotiate on a Free Trade Agreement (FTA) between the two nations. Kenya, alongside Morocco, is set to be the first country in sub-Saharan Africa to benefit from a free trade agreement with the US,…

The government, through the Kenya Roads Board (KRB), is set to issue a KSh150 bond to enable it to finance various infrastructure projects across the country. The money will be used to fund the development, maintenance and rehabilitation of roads countrywide, according to Transport and…

American tycoon Calvin Burgess has reportedly sold out his multi-billion-shilling farm in Kenya following what he termed as frustration by politicians. Burgess allegedly sold the 3,700-acre Dominion Farms in Siaya County to the affluent Rai family, according to a gazette notice dated January 13th,…