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US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Expressway
Business

US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Expressway

American firm Bechtel International is set to begin construction work on Nairobi-Mombasa Expressway at the end of this year. Kenya National Highway Authority (KeNHA) Communication director Charles Njogu on Thursday sa…

Feb 8, 2018
Kenyans to Ride on Electric Trains by 2020 in New Deal
Business

Kenyans to Ride on Electric Trains by 2020 in New Deal

Kenyans could find themselves riding on an electric train from Nairobi to Mombasa in two years time. This follows a deal signed between Kenya Electricity Transmission Company (KETRACO) and China Electric Power Equipme…

Feb 6, 2018
Kenya Fails to Lift US Trade in AGOA Program
Business

Kenya Fails to Lift US Trade in AGOA Program

Kenya has been forced to rethink its strategies after its attempt to promote the duty-free export of coffee, tea, cut flowers, food ingredients and home décor in the last six years failed to deliver desired results of…

Feb 5, 2018
Nairobi Governor Sonko Collects Sh1.63 Billion in Revenue in January
Business

Nairobi Governor Sonko Collects Sh1.63 Billion in Revenue in January

The Nairobi county government collected Sh1.63 billion in taxes in the month of January, Governor Mike Sonko has revealed. In documents he shared on the internet, the Governor indicated that revenue collection at the…

Feb 3, 2018
SGR Train Ticket Prices for Economy Class Between Nairobi and Mombasa to Rise to Sh1,200
Business

SGR Train Ticket Prices for Economy Class Between Nairobi and Mombasa to Rise to Sh1,200

Ticket prices for standard gauge railway's Madaraka Express train trip between Nairobi and Mombasa are set to be revised upwards in the next two months. This means that the promotional Sh700 fare that Kenyans have bee…

Feb 2, 2018
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Ban on Shisha, Closure of Nightclubs Hurting Kenya's Economy, Tourism CS Najib Balala Says
Business

Ban on Shisha, Closure of Nightclubs Hurting Kenya's Economy, Tourism CS Najib Balala Says

Tourism Cabinet Secretary Najib Balala has faulted the banning of shisha and the closure of nightclubs by the government, saying that the move will hurt the economy of the country. Balala said the ban of shisha impose…

Jan 30, 2018
Kenya to Conduct Eurobond Roadshow in the US, Britain
Business

Kenya to Conduct Eurobond Roadshow in the US, Britain

Kenya says it plans to launch an investor roadshow in mid next month in a bid to promote a planned Eurobond issue. Speaking on the sidelines of the World Economic Forum in Davos, Switzerland on Friday, Central Bank of…

Jan 26, 2018
Government's New Plan to Transform JKIA ahead of US Direct Flights Plan
Business

Government's New Plan to Transform JKIA ahead of US Direct Flights Plan

The government has embarked on a plan to transform Jomo Kenyatta International Airport (JKIA) into a world-class facility as Kenya Airways prepares to fly its maiden direct flight to the United States later this year…

Jan 26, 2018
Kenya Abandons Plans to Electrify Standard Gauge Railway
Business

Kenya Abandons Plans to Electrify Standard Gauge Railway

Kenya has dropped an earlier plan to electrify the newly constructed Standard Gauge Railway (SGR) line between Mombasa and Nairobi due to its high cost and the country's irregular power supply. In a statement, Kenya R…

Jan 26, 2018
President Uhuru's Cousin Loses 25-Year Court Tussle for Sh3 Billion Coffee Estate
Business

President Uhuru's Cousin Loses 25-Year Court Tussle for Sh3 Billion Coffee Estate

President Kenyatta's cousin, Ngengi Muigai has lost a 25-year court tussle for a 443-acre coffee estate in Kiambu county auctioned by Kenya Commercial Bank (KCB) about 10 years ago. The businessman was dealt a blow on…

Jan 25, 2018
Two Passenger Airlines Grounded at JKIA for Engaging in Illegal Operations
Business

Two Passenger Airlines Grounded at JKIA for Engaging in Illegal Operations

Authorities at Jomo Kenyatta International Airport (JKIA) on Thursday grounded two passenger airlines for reportedly engaging in illegal activities. Speaking at JKIA on Thursday, Transport Cabinet Secretary James Mach…

Jan 25, 2018
Kenya Revenue Authority Hunts for Tax Defaulters, to Fine them Sh20,000
Business

Kenya Revenue Authority Hunts for Tax Defaulters, to Fine them Sh20,000

The Kenya Revenue Authority (KRA) plans to launch an operation targeting workers and businessmen who have declined to file tax returns, with culprits facing a Sh20,000 fine. Treasury said the tax collector will hunt f…

Jan 24, 2018
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How Two Maize Importer Families Pocketed Billions from Hungry Kenyans
Business

How Two Maize Importer Families Pocketed Billions from Hungry Kenyans

It has now emerged two families were the largest beneficiaries of the government subsidy on maize launched in mid 2017 following a shortage of the commodity that left Kenyans in 'hunger'. The Standard reports that two…

Jan 21, 2018
Kenyans to Start Sending, Receiving Money Across All Mobile Networks in Real Time
Business

Kenyans to Start Sending, Receiving Money Across All Mobile Networks in Real Time

Kenyans could soon be able to send or receive money across networks in real time. The Information Communication and Technology Ministry has said that mobile money operators Safaricom and Airtel will from next week lau…

Jan 20, 2018
Hackers Steal Sh29 Million from National Bank of Kenya
Business

Hackers Steal Sh29 Million from National Bank of Kenya

National Bank of Kenya (NBK) has confirmed that fraudsters made away with Sh29 million in a suspected a hacking incident on Wednesday. In a statement to the media, the banking institution confirmed its systems had bee…

Jan 20, 2018
Hundreds of Kenyans in Agony after British Company they Invested in Goes 'Missing'
Business

Hundreds of Kenyans in Agony after British Company they Invested in Goes 'Missing'

Hundreds of Kenyans who invested their money in a United Kingdom firm are now living in fear after the company allegedly went 'missing.' The investors, who purchased shares of Atlas African Industries said they are un…

Jan 17, 2018
Kenya Airways Targets US Government-Funded Travelers after Deal with Delta Airlines
Business

Kenya Airways Targets US Government-Funded Travelers after Deal with Delta Airlines

Kenya Airways hopes it will woo United States government-funded travelers once it signs a code-sharing deal with American carrier Delta Airlines. Last week, Kenya Airways started selling advance tickets for its maiden…

Jan 16, 2018
Central Bank of Kenya Governor Patrick Njoroge Named Best Banker in Africa
Business

Central Bank of Kenya Governor Patrick Njoroge Named Best Banker in Africa

The Financial Times Group has awarded Central Bank of Kenya (CBK) Governor Patrick Njoroge with the Central Banker of the Year Award in Africa. The African Financial magazine said the accolade was given to Njoroge in…

Jan 16, 2018
Kenya Airways' Market Value Increases By Sh10 Billion after News of Direct Flights to the US
Business

Kenya Airways' Market Value Increases By Sh10 Billion after News of Direct Flights to the US

Following news that Kenya Airways will begin its direct flights plan to the United States in October, the national carrier's stock increased by Sh9.7 billion, an 11 percent rise to Sh98.3 billion. On Thursday, the air…

Jan 15, 2018
Nakumatt CEO Atul Shah Opens Up on Why the Retail Chain 'Collapsed'
Business

Nakumatt CEO Atul Shah Opens Up on Why the Retail Chain 'Collapsed'

Nakumatt Chief Executive Officer(Ceo), Atul Shah has opened up on why the giant retail chain has experienced tough economic times over the last several months. Speaking to Business Daily, Shah linked Nakumatt's econom…

Jan 15, 2018