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Kenyans to Lose Jobs as Samsung Kenya Plans Downgrade of Workforce
Business

Kenyans to Lose Jobs as Samsung Kenya Plans Downgrade of Workforce

Kenyan workers are set to lose their jobs after world's electronics giant firm Samsung announced plans to cut down its workforce at Nairobi regional office. The South Korean-headquartered company said it will effect a…

Sep 18, 2017
Matatu Owners Oppose Mike Sonko's Ban from Nairobi CBD
Business

Matatu Owners Oppose Mike Sonko's Ban from Nairobi CBD

Matatu owners have rejected the plans by Mike Sonko's administration to ban matatus from Nairobi’s Central Business District(CBD), saying they were never involved in formulation of the traffic movement changes. They s…

Sep 18, 2017
Microsoft Launches Computer Lab for Blind Students in Mombasa
Business

Microsoft Launches Computer Lab for Blind Students in Mombasa

Microsoft has launched a computer lab that will benefit more than 500 pupils at Likoni School for the Blind in Mombasa. Blind students will benefit from an assistive technology computer lab that is fitted with digital…

Sep 16, 2017
Activist Okiya Omtatah Gives Central Bank Seven Days to Remove Kenyatta's Image from Currency
Business

Activist Okiya Omtatah Gives Central Bank Seven Days to Remove Kenyatta's Image from Currency

Activist Okiya Omtatah has given Central Bank of Kenya (CBK) seven days ultimatum to remove founding President Jomo Kenyatta's portrait from Kenya notes and coins. The constitution stipulates that portraits or images…

Sep 15, 2017
US Firm in Tussle Over Sh123 Million with a Kenyan Construction Company
Business

US Firm in Tussle Over Sh123 Million with a Kenyan Construction Company

A United States construction firm is involved in battle over Sh123 million it failed to pay to a Kenyan company. Local contractor Epco Builders has moved to the High Court seeking to have orders barring National Housi…

Sep 15, 2017
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US Department of State Lauds Kenya's Budget Transparency
Business

US Department of State Lauds Kenya's Budget Transparency

A new report by US Department of State on the evaluation of countries receiving US financial aid had lauded Kenya's for its transparency standards on budget making process and public expenditure. Public availability…

Sep 15, 2017
Kenya Airways Marks New York City for Its Maiden Direct Flight to US
Business

Kenya Airways Marks New York City for Its Maiden Direct Flight to US

Kenya Airways says that it has scheduled New York City as its first destination when it kick-starts direct flights to the US next year. The national carrier said that it views New York as an aviation hub to mark its e…

Sep 14, 2017
US Defends Awarding of Sh300 Billion Nairobi-Mombasa Highway Tender to American Firm
Business

US Defends Awarding of Sh300 Billion Nairobi-Mombasa Highway Tender to American Firm

The US Government has defended the awarding of a multi-billion-shilling Mombasa-Nairobi Superhighway construction tender to an American firm in absence any competitive bidding. In a statement by the US embassy in Nair…

Sep 14, 2017
Farmers to Reap Big from Kenya-US Direct Flights
Business

Farmers to Reap Big from Kenya-US Direct Flights

Kenyan farmers are set to reap big from the Kenya-US direct flights after national carrier Kenya Airways edge closer to flying a maiden direct flight to the US. KQ received a boost in the bid to achieve the milestone…

Sep 13, 2017
Centum's James Mworia Sets New Record of Highest Paid Kenyan CEO with Sh31 Million Monthly Pay
Business

Centum's James Mworia Sets New Record of Highest Paid Kenyan CEO with Sh31 Million Monthly Pay

Centum Investment’s James Mworia has set a new record for highest paid Chief Executive Officer (CEO) in Kenya. A pay rise of 5.1 per cent has seen Mworia take home Sh375.6 million in the year ended March compared to S…

Sep 13, 2017
US Firm Ranks Kenya Top Country in Digital, Financial Inclusion
Business

US Firm Ranks Kenya Top Country in Digital, Financial Inclusion

For the third consecutive year, a US-based public institution survey has ranked Kenya the top country in financial and digital inclusion, thanks to the country's wide adoption of mobile money in the local economy. Bro…

Sep 12, 2017
Top US University Ranks Kenya in Elite List of Digital Economies
Business

Top US University Ranks Kenya in Elite List of Digital Economies

A new survey conducted in 60 developed and developing countries by a top US University has ranked Kenya the fourth-fastest growing digital economy in the world. In its Digital Planet 2017 report, Tufts University’s Fl…

Sep 11, 2017
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Afreximbank Courts Kenya's High Net Worth Individuals with Sh31 Billion Shareholding Deal
Business

Afreximbank Courts Kenya's High Net Worth Individuals with Sh31 Billion Shareholding Deal

African Export and Import Bank (Afreximbank) is courting high-net worth individuals Nairobi to purchase into its Depository Receipts (DRs) with an attempt raise up to Sh30.97 billion by September 22nd. The trade finan…

Sep 7, 2017
US Agency Gives Kenya's Sh43 Billion Arms Deal a Clean Bill of Health
Business

US Agency Gives Kenya's Sh43 Billion Arms Deal a Clean Bill of Health

A United States watchdog agency has given Kenya's pending $418 million (Sh 43 billion) purchase of combat aircraft, the biggest weapons deal in the US history, a clean bill of health, saying that it conforms with US l…

Sep 7, 2017
KRA De-Activates Thousands of Non-compliant PIN Numbers
Business

KRA De-Activates Thousands of Non-compliant PIN Numbers

Thousands of employees in both public and private sectors could miss out on their September salaries after Kenya Revenue Authority (KRA) deactivated their Personal Identification Numbers (PINs). Those who have been af…

Sep 7, 2017
Why Love for Quick Cash by Kenyans is Overshadowing Normal Investment
Business

Why Love for Quick Cash by Kenyans is Overshadowing Normal Investment

An investigative report by the Standard has exposed how love for quick money by Kenyans has overshadowed normal 'traditional' ways of acquiring wealth. A normal morning at the Nairobi city centre, Kenyans are rushing…

Sep 6, 2017
Anne Waiguru Inks Deal for Sh5 Billion Industrial Hubs in Kirinyaga
Business

Anne Waiguru Inks Deal for Sh5 Billion Industrial Hubs in Kirinyaga

Kirinyaga Governor Anne Waiguru has inked a deal with private partners that will see construction of 10 industrial hubs worth Sh5 billion for value addition of agricultural produce. In the deal, Kirinyaga county will…

Sep 6, 2017
Memo to Kenyans in Diaspora: KRA Gives Non-Compliant Taxpayers 30 Days to File Returns
Business

Memo to Kenyans in Diaspora: KRA Gives Non-Compliant Taxpayers 30 Days to File Returns

The Kenya Revenue Authority (KRA) has announced a 30-day grace period for taxpayers to update their tax status, failure to which they will face penalties. KRA had earlier threatened it would deactivate personal identi…

Sep 4, 2017
Safaricom Announces 15-Hour MPesa Outage
Business

Safaricom Announces 15-Hour MPesa Outage

Kenya's giant telecommunication firm Safaricom mobile money service M-Pesa will halt its services for the better part of next weekend when the company upgrades the system. The operator said it will be upgrading the sy…

Sep 4, 2017
Nairobi Securities Exchange Loses Sh50 Billion in 10 Minutes Following Supreme Court Ruling
Business

Nairobi Securities Exchange Loses Sh50 Billion in 10 Minutes Following Supreme Court Ruling

About Sh50 billion was lost in 10 minutes on Friday after trading at Nairobi Security Exchange (NSE) was halted following Supreme Court verdict that nullified President Uhuru Kenyatta’s victory. It is reported that th…

Sep 2, 2017
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