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I Never Said Government was Broke, Treasury Cabinet Secretary Henry Rotich Says
Business

I Never Said Government was Broke, Treasury Cabinet Secretary Henry Rotich Says

National Treasury Cabinet Secretary Henry Rotich has clarified Wednesday reports that quoted him saying that the government was broke. Speaking on Thursday during the 'Girls Matter' event at the Kenyatta International…

Mar 8, 2018
Controversial Kenya Traffic Police Department Dissolved
Business

Controversial Kenya Traffic Police Department Dissolved

Inspector General of Police Joseph Boinnet has introduced major changes in the National Police Service (NPS) which will dissolve the controversial Traffic Police Department. In the new changes by Boinnet, the roles of…

Mar 8, 2018
Gov't Has Run Out of Cash, National Treasury Cabinet Secretary Henry Rotich Says
Business

Gov't Has Run Out of Cash, National Treasury Cabinet Secretary Henry Rotich Says

National Treasury Cabinet Secretary Henry Rotich has admitted that the government has run out of cash. Appearing before Senate Budgetary Committee on Wednesday, Rotich said the government has not been able to raise en…

Mar 7, 2018
JKIA Scoops Best Improved Airport Award
Business

JKIA Scoops Best Improved Airport Award

Jomo Kenyatta International Airport (JKIA) has been named as the the best improved airport in the Africa continent by the Airports Council International (ACI). The global Airports body said JKIA won the award followin…

Mar 7, 2018
Kenya Bans Importation of Meat from South Africa after Outbreak of Deadly Listeria Disease
Business

Kenya Bans Importation of Meat from South Africa after Outbreak of Deadly Listeria Disease

Kenya has banned the importation of meat from South African following the outbreak of a deadly bacterial disease Listeria linked to factories in the country. The ban, announced by the Kenya Public Health department fo…

Mar 6, 2018
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Tussle for Sh500 Million Estate between Kisumu Governor Anyang' Nyong'o and His Nephews Drags On
Business

Tussle for Sh500 Million Estate between Kisumu Governor Anyang' Nyong'o and His Nephews Drags On

Kisumu governor Anyang' Nyong’o has picked a new fight with his nephews over the sharing of the multi-million property left behind by his late father. In a response to a case where two of his nephews sued him over the…

Mar 6, 2018
World Bank Pumps Billions into Kenyan Private Firms
Business

World Bank Pumps Billions into Kenyan Private Firms

International Finance Corporation (IFC), a private sector lending branch of World Bank has pumped Sh17.7 billion worth of investment in two Kenyan firms in the first two months of 2018. The move signals the increasing…

Mar 5, 2018
Troubled Nakumatt to Lay Off 800 Employees
Business

Troubled Nakumatt to Lay Off 800 Employees

More than 800 people are set to lose their jobs in the latest layoff plan by troubled Kenyan supermarket chain, Nakumatt. The retailer's court-appointed administrator, Peter Kahi, said the layoff is part of the rescue…

Mar 1, 2018
Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plastics Ban
Business

Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plastics Ban

A plastic bags manufacturer has taken the government to court seeking Sh2 billion as compensation for losses it incurred following last year's ban on plastic carrier bags. In the affidavits filed in court, Hi-Plast Li…

Mar 1, 2018
Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi's Traffic Congestion
Business

Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi's Traffic Congestion

Kenya plans to employ a model similar to Colombia’s bus rapid transit in Bogota to end Nairobi's traffic jam menace. This will see special lanes for high-capacity buses constructed in latest efforts to decongest roads…

Feb 27, 2018
Kenya Bets On US Direct Flights Plan to Boost Tourism
Business

Kenya Bets On US Direct Flights Plan to Boost Tourism

Kenya has expressed optimism that the United States direct flights plan will boost the country's tourism industry. Kenya Airways (KQ) is set to fly its maiden direct flight to the US on October 28th, effectively cutti…

Feb 25, 2018
CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million Defaulted Loan
Business

CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million Defaulted Loan

The Central Bank of Kenya (CBK) has sold 103-acre land belonging to former presidential aspirant Cyrus Jirongo for Sh53 million in an attempt to recover a loan he owes collapsed Dubai Bank. At the time of its collapse…

Feb 24, 2018
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Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion School in Nairobi's Runda Estate
Business

Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion School in Nairobi's Runda Estate

A firm associated with Kenyan billionaire business mogul Chris Kirubi is planning to build a 'super' school in Nairobi's Runda estate at a cost of Sh2 billion. Investment company Centum Ltd has signed a deal with Beir…

Feb 24, 2018
Kenyan Drivers to Be Issued With Smart Driving Licences Starting in April
Business

Kenyan Drivers to Be Issued With Smart Driving Licences Starting in April

The National Transport and Safety Authority (NTSA) has announced that it will begin issuing drivers' with the much awaited Smart Driving Licenses in April this year. The digital licenses are set to have an electronic…

Feb 23, 2018
US Fast-Food Chain Hardee's to Open New Restaurant in Kenya
Business

US Fast-Food Chain Hardee's to Open New Restaurant in Kenya

United States fast-food restaurant Hardee’s will in March open its third branch in Kenya. The new outlet will be located at Two Rivers Mall; its launch coming only a month after it unveiled its second outlet in the co…

Feb 22, 2018
Nairobi's Burma Market Closed Down Indefinitely by NEMA
Business

Nairobi's Burma Market Closed Down Indefinitely by NEMA

Traders at Nairobi's Burma market will have to bear the brunt of government's crackdown on use of plastic bags after the National Environment Management Authority (Nema) ordered for its shutdown. The environment watch…

Feb 22, 2018
Google Approves Use of M-Pesa to Purchase Apps on Play Store
Business

Google Approves Use of M-Pesa to Purchase Apps on Play Store

Kenyans will now be able to purchase apps from the play store using M-Pesa after Google approved the use of the mobile money platform to make payments. The payment option, which was approved on Monday, makes Google Pl…

Feb 22, 2018
Kenya Secures Sh203 Billion in New Eurobond Issue
Business

Kenya Secures Sh203 Billion in New Eurobond Issue

The National Treasury has announced that Kenya has secured $2 billion (Sh203billion) in a new Eurobond issue. Treasury Cabinet Secretary Henry Rotich in a statement on Thursday said the issue was oversubscribed seven…

Feb 22, 2018
CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land Over Sh495 Million Debt
Business

CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land Over Sh495 Million Debt

The Central Bank of Kenya (CBK) has put a farm belonging to former Presidential aspirant Cyrus Jirongo on sale over Sh495 million debt owed to Dubai Bank. CBK said it will auction the former Lugari MP's property in a…

Feb 21, 2018
Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets From the US
Business

Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets From the US

The plan by Kenya to purchase Sh43 billion military aircraft from the United States hangs in the balance after government failed to reach a binding agreement with the vendors within the set time frame. The US Governme…

Feb 14, 2018
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