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Tanzania Warns Kenya Over Exports Ban

Tanzania has warned Kenya that it will slap retaliatory bans on Kenyan products entering Tanzania if Kenya fails to lift ban it imposed on their products. Diplomatic and trade relations between Kenya and Tanzania seem…

Jul 18, 2017

Business

Asia's Richest Man to Tour Kenya on Monday

Kenya is set to receive another world high profile guest after receiving former US president Barrack Obama, Catholic Pope Francis, Israel Prime Minister Benjamin Netanyahu, India Prime Minister Narendra Mondi among ot…

Jul 14, 2017

Business

Kenya Asks Google to Bring Down Mutahi Ngunyi's Video Channel

A fresh storm is looming between the Government of Kenya and global giant internet firm Google over 'dangerous' content published on the latter's YouTube channel. The Government has raised alarm over the proliferation…

Jul 14, 2017

Business

President Uhuru to Launch Digital Driving Licenses

Kenya will be doing away with the old driving licenses and ushering in digital driving licensing, whose roll-out is scheduled to begin early next month after launch by President Uhuru Kenyatta. The National Transport…

Jul 12, 2017

Business

Survey Reveals Kenyan Banks with High Account Charges

A newly released report lists Standard Chartered Bank as the financial institution that charges highest maintenance and transaction costs for customers' accounts among Kenya’s leading banks. The report, which was comp…

Jul 12, 2017

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Business

Kenya Moves to Quell Looming Diplomatic Row with Tanzania

Kenya has moved in to quell a looming diplomatic row with neighboring Tanzania, after Kenya banned the importation of cooking gas from Tanzania through the Namanga border. The government has announced that it will pur…

Jul 12, 2017

Business

Safaricom Rolls Out Face Recognition System for MPesa Users

In a bid to curb fraud, Kenya’s giant telecommunication firm Safaricom says that mobile money (MPesa) agents will soon begin using photos to identify those withdrawing or depositing money via the platform. Safaricom s…

Jul 11, 2017

Business

Three Kenyan Churches Join Billionaire Club

After a recent report by the Kenya Revenue Authority (KRA) showing more than 100 Kenyans who have joined the Billionaire club owing to their annual profits, it has emerged that at least three Kenyan churches are also…

Jul 11, 2017

Business

Sportpesa to Close Business in Kenya

Kenya’s giant gaming firm SportPesa says it will be shutting down its operations in Kenya and explore other markets following the government’s decision to impose a 35 percent tax on all gambling companies. The firm sa…

Jul 8, 2017

Business

Kenya's Little Known Billionaires

A recent publication of Kenya’s top taxpayers’ by the Kenya Revenue Authority’s (KRA) has unearthed more than 100 Kenyans who have joined the billionaires club in recent times, even as Kenya continue to grapple with t…

Jul 8, 2017

Business

US in Deal to Train, Hire over 2,000 Kenyans

A recent deal between United States Government and a Kenyan Firm will see more than 2,000 Kenyan youth trained and employed in the Kenyan textile industry. USAid East Africa Trade and Investment Hub (the Hub) and Gene…

Jul 8, 2017

Business

United States Grants Kenya Airways Air Traffic Rights

Kenya Airways (KQ) has made a major stride in its efforts to have direct flights to the United States, after being granted air traffic rights to the United States' airspace. Transport Cabinet Secretary James Macharia…

Jul 8, 2017

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Business

Uber Spells Out Strict Guidelines for Kenyan Customers

Global taxi Service Company Uber has spelt out tough guidelines for its customers in Kenyan and the East African, with one risking losing their access to the services, if found breaching the rules. In a statement, the…

Jul 6, 2017

Business

Barclays Bank Closes Down Seven Branches in Kenya

Barclays Bank Kenya has announced that it will be closing seven branches in the country as a continued plan to optimize its operations. The multinational financial institution said that five branches in Nairobi, one i…

Jul 4, 2017

Business

Kenya Collaborates with US Government on Cyber Security

Kenya will be collaborating with the United States government in the areas of digital economy and cyber security to boost security and protection of information. Information and Communication Technology (ICT) Cabinet…

Jul 2, 2017

Business

China Firms Churn Out 127,000 Jobs for Kenyans

A new report by Global Consultancy firm McKinsey & Company indicates that Chinese firms operating in Kenya have managed to create 127,000 jobs. According to the report that was released on Tuesday, about 396 Chinese c…

Jun 28, 2017

Business

Google Slapped with 2.22 Billion Euro Fine by the European Union

World’s largest internet search engine has been slapped with a 2.22 Billion Euro fine by the European Union (EU) antitrust regulators on its Alphabet unit Google on Tuesday for illegally favoring its shopping service…

Jun 27, 2017

Business

Kenya, Uganda Cement Deal on Standard Gauge Railway Extension to Kampala

Kenya and Uganda have re-affirmed their commitment to having the ongoing construction of the Standard Gauge Railway (SGR) line reach Kampala. In a joint press briefing, Uganda Minister for Works and Transport Monica A…

Jun 25, 2017

Business

Peter Kenneth's Firm Opens New Bank

The Central Bank of Kenya (CBK) has issued a license to Mayfair Bank Limited, an institution that is associated with Nairobi gubernatorial aspirant Peter Kenneth to conduct banking business in Kenya. In a statement, t…

Jun 24, 2017

Business

US Wind Firm in Row over Multi-Billion Shilling Kenyan Wind Power Project

A United States wind firm has moved to court accusing the National Land Commission Chairman Muhammad Swazuri of awarding 3,000 acres of land allocated to the firm by the Lamu County government to a local energy firm…

Jun 23, 2017