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Business

Nairobi Governor Mike Sonko to Fly Out 300 Hawkers, Boda-Boda Operators for a Bench-marking Tour Abroad

The Nairobi County Government has announced plans to fly out 300 hawkers, boda boda and matatu operators to Rwanda for a bench marking tour on how to manage their operations in an orderly manner. Speaking to the press…

Apr 19, 2018

Business

We've Learnt Our Lessons: President Uhuru Endorses Plans to End Cheap Loans for Kenyans

Plans to review the interest rates cap law has received a backing from President Kenyatta, who admitted that the policy has failed to achieve its intention of increasing credit access to traders. Speaking at the Chath…

Apr 18, 2018

Business

President Uhuru Rings the Bell to Open Shares Trading at London Stock Exchange

President Uhuru was on Tuesday privileged to open trading at the London Stock Exchange by ringing the bell to mark the beginning of the day's business. Flanked by Cabinet Secretary for Industry, Trade and Cooperatives…

Apr 18, 2018

Business

Best Companies to Work for in Kenya

Safaricom has been named as the best company to work for in Kenya in a new report compiled by recruitment firm Brighter Monday. In its report, Brighter Monday ranked the top 100 best companies to work for in the count…

Apr 13, 2018

Business

Safaricom CEO Bob Collymore Eyes Return after Improved Health Status

Safaricom Chief Executive Officer Bob Collymore has given an update about his health status. In a five-minute video uploaded to the mobile service provider's intranet, Collymore said he is responding positively to tre…

Apr 12, 2018

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Business

Court Rules that Muratina Isn't an Illicit Liquor

The court has ruled that brewing and consuming muratina during traditional ceremonies is not illegal. In a ruling, Kikuyu Principal Magistrate D N Musyoka said that muratina is part of the Kikuyu traditional customs a…

Apr 12, 2018

Business

Kenya Edges Closer to Direct Flights to the US

Kenya Airways (KQ) is edging closer to nonstop flights to the United States following recent inspection of facilities by American officials. Last month, officials from the US security department met Kenya Aviation Aut…

Apr 11, 2018

Business

Outrage as Parking Fees at JKIA are Hiked

Parking fees for motorists dropping and picking up travellers at the Jomo Kenyatta International Airport (JKIA) have been reviewed upwards, a move that has sparked outrage from Kenyans. The airport, through its parki…

Apr 11, 2018

Business

Facebook Deepens User Data Mining in Kenya

It has now emerged that Facebook is collecting additional citizen data beyond its users using the Wi-Fi Express program the company unveiled last year in Kenya, Tanzania, Nigeria, India, and Indonesia, the Business Da…

Apr 10, 2018

Business

Safaricom Signs Deal Allowing Direct Mpesa-PayPal Cash Transactions

Safaricom has signed a deal with global online cash transfer platform PayPal. The partnership paves the way for direct transfer of funds between M-Pesa and PayPal accounts. Users in Kenya will be able to link their Pa…

Apr 9, 2018

Business

Gov't Puts Ekeza Sacco Under Liquidation

In a bid to save thousands of Kenyans from losing billions of money invested in Ekeza Sacco, the government has taken over the Cooperative Society. The government said the Sacco will be liquidated and the cash returne…

Apr 9, 2018

Business

Africa’s Richest Billionaire Aliko Dangote Says Corruption Stopped Him from Investing Sh100 Billion in Kenya

Africa’s richest man Aliko Dangote has revealed why he decided to abandon plans to expand his vast business empire to Kenya. The Nigerian, who spoke to renowned Kenyan media personality Jeff Koinange, said that some i…

Apr 7, 2018

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Business

Gov't to Deploy 50 Additional NYS Buses to Ferry Nairobi Commuters During Rush Hours

The government has announced it will deploy more National Youth Service (NYS) buses in the ongoing public transport plan to ease traffic in Nairobi. NYS Director Richard Ndumbai has said 50 additional buses will be ro…

Apr 6, 2018

Business

Stima Sacco Announces 14 Percent Dividend Payout, 12 Percent Rebate after Growth in Profits

Members of the Stima Sacco are set to receive a 14 per cent dividend and a 12 per cent rebate on their shareholder contributions. The total payout totals Sh1.98 billion in 2017, an increase from Sh1.16 billion in the…

Apr 5, 2018

Business

Kenyan Businessman Charged with Tax Evasion Amounting to Sh15 Billion

Businessman Keval Kumar was on Thursday arraigned before Makadara Chief Magistrates Court where he was charged for evading tax totaling to Sh15 billion. Kumar is alleged to have defrauded or aided in defrauding Sh2,45…

Apr 5, 2018

Business

Ban on Charcoal Spoiling the Party for Nyama Choma Lovers in Kenya

Kenyan traders have began to feel the pinch following the recent announcement of one month ban on charcoal burning by the government. Businesses that have been affected most are meat roasting joints in Nairobi and sur…

Apr 5, 2018

Business

Nairobi Residents Loot Sh200 Million of Nakumatt's Stock after Dramatic Eviction

Struggling Kenyan retail chain Nakumatt is counting losses of up to Sh200 million after its stock was looted by residents following a controversial eviction from one of its outlets in Nairobi. Auctioneers led by the N…

Apr 2, 2018

Business

Sonko's Administration Nets a One-Day Record Sh120 Million in Revenue on Thursday

The Nairobi County Government on Thursday netted a record daily revenue of Sh120 million through the online Jambo Pay system. Governor Mike Sonko said his administration has set a target of collecting Sh1.6 billion i…

Mar 30, 2018

Business

Russian Who Swindled Millions of Shillings from Kenyans Passes Away

Sergey Mavrodi, a convicted Russian fraudster who operated a web-based pyramid scheme that swindled millions of shillings from Kenyans has passed away in Moscow. Mavrodi reportedly succumbed to a heart attack in the R…

Mar 29, 2018

Business

Kenya Airways to Launch a Special Economy Class for its Customers

Kenya Airways (KQ) has revealed plans of launching a special Economy class for clients flying on its flights. The airline said the special category will be more spacious and comfortable compared to the ordinary Econom…

Mar 26, 2018