BUSINESS NEWS
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Safaricom CEO Bob Collymore has announced he will extend his stay at the giant telecommunications company beyond his current term.
Speaking to journalists on the sidelines of a meeting on Thursday, Collymore said he will remain at Safaricom for one more year.
“I am actually not going anywhere. I…
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Alphabet Inc’s Google has cut business ties with Chinese phone manufacturer Huawei in what could be a major blow to the giant telecommunications firm.
The move means new designs of Huawei smartphones will not be able to access Google products such as Play Store, Gmail, and YouTube.
Google's…
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The Kenya Bureau of Standards (Kebs) has banned the importation of used car spare parts into the country.
In a notice on Monday, the State agency says the ban affects 17 categories of second-hand automobile spare parts.
Kebs argues that the prohibition aims at facilitating the extinction of used…
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Individuals using smartphones running on Windows operating systems will not be able to access the messaging app, WhatsApp after December 31st, 2019.
In a notice on its mobile device support blog, WhatsApp says it will no longer develop for smartphones using Windows operating systems.
The app will…
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Kenya has issued a new Eurobond worth Sh210 billion ($2.1 billion), the country's third in a period of five years.
The loan has been secured following a successful roadshow in the United States and the United Kingdom by National Treasury officials.
The bond has been sold in two tranches of 7 and 12…
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South Africa has overtaken the United States to become Kenya's second largest foreign investor.
South Africa leapfrogged the US to second place following a number of multi-billion shilling deals recently inked by SA firms targeting Nairobi, according to Business Daily.
The latest data by the Kenya…
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Central Bank of Kenya (CBK) has been accused of manipulating the shilling and overvaluing it by up to 30 percent.
The claims have been made by Amana Capital in its latest report dubbed ‘Kenya’s Economic Puzzle - Putting the pieces together’, which suggests that CBK has not been operating a free…
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Kenya's giant telecommunications company Safaricom has announced a record profit of Sh63.4 billion in the financial year ending March 31st, 2019.
This represents a 14.7 percent increase from the Sh45.1 billion recorded the previous year.
The mobile service provider's total revenue also jumped seven…
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Safaricom has appeared to confirm reports of CEO Bob Collymore's departure from the company.
On Monday, a section of local and international media reported that Collymore would step down from his position in August this year over health reasons.
In a statement sent to the press on Tuesday, the…
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National airline Kenya Airways has announced a net loss of Sh7.6 billion for the year ending December 31st, 2018.
This is an increase from the Sh6.4 billion loss posted in the nine-month period between April 1st and December 31st, 2017.
KQ has defended the increase in losses, explaining that…
