BUSINESS NEWS
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An Angolan court has ordered the freeze of all bank accounts belonging to Africa’s richest woman, Isabel dos Santos in an attempt to recover the money she reportedly owes the government.
Also frozen are all bank accounts of Isabel’s Congolese husband, Sindika Dokolo and their…
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The United States has lost its place as the largest buyer of Kenya’s specialty coffee.
The US, which topped in both quantities and prices offered in the 2017/2018 season, was overtaken by Belgium and Germany, according to the latest data from Kenya’s Coffee Directorate.
The data from the…
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Allan Kilavuka has been appointed as the interim CEO of Kenya Airways (KQ) to replace Sebastian Mikosz who exits the airline at the end of this month.
In a statement on Monday, the KQ Board said Kilavuka, who is the current CEO of Jambojet, will be in charge of the airline until they identify a…
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Qatar Airways is set to take part in the redesign of Bugesera International Airport in Kigali following a deal with the Rwandan Government.
Qatar Airways reportedly agreed to take up a 60 percent stake in the new airport project that is valued at $1.3 billion (KSh.132 billion), Reuters reported.…
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Varian, a US-based radiation oncology treatments and software maker has entered the Kenyan market.
The move comes amid the rising population of cancer patients in the country with many preferring to seek treatment abroad, where services are cheaper and advanced.
Varian, which is headquartered in…
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The recently launched Building Bridges Initiative (BBI) report has proposed tax exemptions for startup businesses in the country.
The report, which was launched by President Kenyatta on Wednesday, recommends a seven-year tax holiday for young people running startups. This means that small and…
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Kenya Revenue Authority (KRA) has been allocated an additional Sh2 billion to hire 1,000 intelligence and enforcement officers to spy on and arrest wealthy tax evaders.
The National Assembly Budget and Appropriations Committee on Tuesday asked the Treasury to give KRA an extra Sh2 billion to enable…
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A new report by the Kenya National Bureau of Statistics (KNBS) shows that only 79,982 employed Kenyans earn a monthly salary of Sh100,000 and above.
This represents an increase of 3,178 (4.1 percent) compared to 2018, making it the highest growth among the salaried workers in the country since the…
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Microsoft co-founder Bill Gates on Friday reclaimed his world's richest person title from his Amazon counterpart Jeff Bezos, who has held the position for the past two years.
Gates’ resurgence is partly attributed to the Pentagon's October 25th decision to award a $10 billion cloud-computing…
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The national government is set to buyout the loss-making Kenya Airways (KQ).
This was revealed by Transport Principal Secretary Esther Koimett while appearing before a Parliament committee on Thursday
The government will purchase shares held by Air France-KLM, local commercial banks and over…
