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20 Feared Dead in a Multiple Car Accident at Sachangwan Blackspot in Nakuru
Business

20 Feared Dead in a Multiple Car Accident at Sachangwan Blackspot in Nakuru

At least 20 people are feared dead following a multiple-vehicle crash on Tuesday afternoon at the dreaded Sachangwan area along Nakuru-Eldoret highway. Eye witnesses said that a truck driver headed to Nakuru was being…

Dec 12, 2017
McDonald's to Open it's First Restaurant in Nairobi
Business

McDonald's to Open it's First Restaurant in Nairobi

US giant fast food restaurant chain McDonald’s is set to enter the Kenyan market as it continues to extend its wings across the world. The restaurant will be launching its first store in the country in the next six mo…

Dec 11, 2017
Safaricom Speaks about CEO Bob Collymore's Exit
Business

Safaricom Speaks about CEO Bob Collymore's Exit

Safaricom has refuted claims that its ailing Chief Executive Office Bob Collymore has been fired. Speaking to press, Safaricom Foundation Chairman Joseph Ogutu dismissed the claims, noting that Collymore has been in t…

Dec 10, 2017
I Would Like to Die in Kenya, Former Safaricom CEO Michael Joseph Says
Business

I Would Like to Die in Kenya, Former Safaricom CEO Michael Joseph Says

Former Safaricom CEO Michael Joseph says he would love to die in Kenya. Joseph, who headed Safaricom before handing over to his successor Bob Collymore has disclosed intricate information of his personal and professio…

Nov 29, 2017
Detectives Seize Part of Sh50 Million Stolen from Thika's KCB Bank Through Underground Tunnel
Business

Detectives Seize Part of Sh50 Million Stolen from Thika's KCB Bank Through Underground Tunnel

Police detectives have recovered Sh17 million out of the Sh50 million stolen from a Kenya Commercial Bank branch in Thika last week after robbers dug an underground tunnel to reach the bank's strong-room. The recovery…

Nov 27, 2017
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US Now Trails South Africa in Exports to Kenya
Business

US Now Trails South Africa in Exports to Kenya

South Africa's exports to Kenya in the first eight months of 2017 hit Sh42.7 billion, an increase of Sh11 billion over the same period the previous year. The 34 percent increase means that the continent's most industr…

Nov 25, 2017
Kenya to Roll-Out New Generation Currency By May 2018
Business

Kenya to Roll-Out New Generation Currency By May 2018

The Central Bank of Kenya (CBK) has confirmed that new generation currency notes will be rolled out before the end of May, 2018. Addressing the press on Friday, CBK governor Patrick Njoroge said: “We are moving ahead…

Nov 25, 2017
Safaricom Share Price Jumps to a New Record High
Business

Safaricom Share Price Jumps to a New Record High

Safaricom share price hit a new record high on Wednesday, after it jumped 5.6 per cent to Sh28.25 per share. The rapid increase was prompted by the return of foreign investors to the Nairobi Securities Exchange (NSE)…

Nov 22, 2017
Robbers Dig Underground Tunnel, Steal Sh50 Million from KCB Bank in Thika
Business

Robbers Dig Underground Tunnel, Steal Sh50 Million from KCB Bank in Thika

Unknown robbers stole Sh50 million from a Kenya Commercial Bank (KCB) branch in Thika town after digging an underground tunnel to access the safe. Thika KCB bank branch manager Samuel Nganga told the police that he di…

Nov 20, 2017
Airtel Reaps Big from NASA Boycott on Safaricom Products
Business

Airtel Reaps Big from NASA Boycott on Safaricom Products

Airtel has reaped big from opposition National Super Alliance (NASA) call for boycott of Safaricom products. The Indian-owned mobile service provider has signed more than 11,000 new subscribers in Homabay County, a pe…

Nov 19, 2017
Vodafone's CEO in Ghana Speaks about Replacing Ailing Safaricom Boss Bob Collymore
Business

Vodafone's CEO in Ghana Speaks about Replacing Ailing Safaricom Boss Bob Collymore

Yolanda Cuba, the Chief Executive Officer of Vodafone in Ghana has dismissed claims that there is plan to have her replace ailing Safaricom CEO Bob Collymore following his extended sick leave. In a statement on her Tw…

Nov 19, 2017
Government Upbeat JKIA Will Be Cleared for US Direct Flights Plan
Business

Government Upbeat JKIA Will Be Cleared for US Direct Flights Plan

The government has expressed optimism that Jomo Kenyatta International Airport (JKIA) will pass the recent audit by United States Transport department. Speaking to the media on Monday, Transport Cabinet Secretary Jame…

Nov 14, 2017
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Safaricom's Market Valuation Drops By Sh20 Billion in One Week of NASA Boycott
Business

Safaricom's Market Valuation Drops By Sh20 Billion in One Week of NASA Boycott

The market valuation of giant mobile service provider Safaricom has reduced by Sh20 billion in the first week of opposition National Super Aliance's calls for boycott of its products, Business Daily reports. Some anal…

Nov 10, 2017
President Uhuru Strikes Multi-Billion Shilling Partnership Program with Nairobi Governor Mike Sonko
Business

President Uhuru Strikes Multi-Billion Shilling Partnership Program with Nairobi Governor Mike Sonko

The national government and the Nairobi County government have agreed to undertake a joint multi-billion shilling program that focuses on economic and social welfare of Nairobi. In a meeting chaired by President Uhuru…

Nov 9, 2017
COTU Boss Francis Atwoli Appeals to NASA to Drop Products Boycott Calls
Business

COTU Boss Francis Atwoli Appeals to NASA to Drop Products Boycott Calls

Central Organisation of Trade Unions (COTU) has called on opposition National Super Alliance (NASA) to reconsider its decision to push for boycott of products from some companies. In a statement, COTU Secretary Genera…

Nov 7, 2017
NASA Boycott Will Ruin One Million Jobs, Safaricom Dealers Warn
Business

NASA Boycott Will Ruin One Million Jobs, Safaricom Dealers Warn

Safaricom dealers have warned that more than one million Kenyans could lose their jobs as a result of opposition National Super Alliance (NASA) call for boycott of the company's products and services. Speaking during…

Nov 6, 2017
Kenya Gov't Plans to Electrify Standard Gauge Railway by 2021
Business

Kenya Gov't Plans to Electrify Standard Gauge Railway by 2021

The government of Kenya has revealed plans to convert the recently built Standard Gauge Railway (SGR) trains from diesel-powered to electric by 2021. Transport Cabinet Secretary James Macharia said that the government…

Nov 2, 2017
US Officials Begin Audit on JKIA in Direct Flights Plan
Business

US Officials Begin Audit on JKIA in Direct Flights Plan

Officials from the US transport department have kick started a final audit on Jomo Kenyatta International Airport (JKIA) in the ongoing plan to have direct flights between the US and Kenya. On Monday, the US Transport…

Nov 1, 2017
Safaricom CEO Bob Collymore Takes Sick Leave for "A Number of Months" to Receive Specialized Treatment
Business

Safaricom CEO Bob Collymore Takes Sick Leave for "A Number of Months" to Receive Specialized Treatment

Safaricom Chief Executive Officer (CEO) Bob Collymore has taken sick leave and will be away for “a number of months” receiving treatment,the company has announced. “On behalf of the board, management and the entire Sa…

Oct 30, 2017
Kenya to Construct Multi-Billion Shilling Crude Oil Pipeline
Business

Kenya to Construct Multi-Billion Shilling Crude Oil Pipeline

The Government of Kenya has inked a deal with British-based oil and gas exploration firm Tullow Oil for the construction of a multi-billion shilling crude oil pipeline. Through the Ministry of Energy, the government c…

Oct 26, 2017
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