BUSINESS NEWS

Former Kiambu Governor William Kabogo is set to sue Safaricom and other Kenyan telecommunications companies over internet data expiry date. Kabogo accused the mobile service providers of exploiting Kenyans, arguing that customers should be allowed to use data bundles purchased until completion.…

United States-based fast food chain Burger King has revealed plans to spend more than Sh270 million annually to open new branches in Kenya. This is part of the restaurant's plan to expand its footprint in the Kenyan market. Under the expansion plan, Burger King looks to launch up to three new…

Kenya's Ministry of Transport has reduced the number of high-capacity buses it was set to import from South Africa from 64 to 32. The ministry had earlier made orders for 64 buses meant for the Nairobi's bus transit transport (BRT) at a cost of Sh1.6 billion. Transport Cabinet Secretary James…

Nairobi has been named Africa’s leading business travel destination at this year’s 26th Annual World Travel Award (WTA). The Kenyan capital emerged the winner after beating other popular African cities including Cairo (Egypt), Lagos (Nigeria), Accra (Ghana), and South Africa's Cape Town, Durban,…

United States fast-food chain Burger King has launched its fifth outlet in the Kenyan capital, Nairobi. The opening of the new branch in Lavington is part of the franchise's plan to expand its footprint in the Kenyan market. The new restaurant is located at the new Lavington Shell Fuel Station…

Kenya Airways (KQ) has shed light on why passengers aboard a half-empty flight are not allowed to switch seats. KQ was responding to a British customer who asked why travelers aboard a London-bound KQ flight were prevented from moving to their preferred unoccupied seats. “I’ve always flown @…

The World Bank has approved Kenya's request for a loan of Sh75 billion to support the 2019/2020 budget. In a statement, the World Bank said the money will support the government's Big Four Agenda which prioritizes universal healthcare, affordable housing, manufacturing, and food security. This…

The Kenyan government has written to the World Bank requesting for a new loan of Sh75 billion. The Business Daily reports that Kenya has described the loan as "Inclusive Growth and Fiscal Management Development Policy Financing." National Treasury Cabinet Secretary Henry Rotich in a letter to the…

Kenya Airways CEO Sebastian Mikosz is set to step down from his position at the end of this year. In an internal memo to the national carrier's staff, Mikosz, who was appointed to the position in June 2017, cited "personal grounds" as the reason for his resignation. "It is my personal decision and…

Safaricom and its parent company, Vodacom have revealed plans to acquire the intellectual property rights of M-pesa service from British telecommunications firm Vodafone. Speaking to Reuters on Thursday, Safaricom CEO Bob Collymore said negotiations are on-going with Vodafone for a deal worth £10.5…