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Business

Kenya Foreign Affairs Cabinet Secretary Woos US to Strengthen Trade Ties With Kenya

Kenya Foreign Affairs Cabinet Secretary Amina Mohamed has embarked on a campaign aimed at strengthening ties between Kenya and the United States of America. Amina campaigned to have the US help Kenya improve its econo…

May 1, 2017
Business

Kenya-US Security Pact Advances Plans for Direct Flights

A Memorandum of Understanding (MoU) that seeks to strengthen the security of Kenya and the United States through the exchange of passenger information has been signed between the two nations. The Automated Targeting S…

May 1, 2017
Business

US State Agency in Pact to Fund Kenya Power Projects

The US Government has improved funding to Kenya’s energy sector following a pact entered between the two countries’ power producers. The US, through US Trade and Development Agency (USTDA) has given KenGen and Xago Af…

Apr 29, 2017
Switzerland Recovers Sh200 Million Anglo Leasing Loot, to Refund to Kenya
Business

Switzerland Recovers Sh200 Million Anglo Leasing Loot, to Refund to Kenya

The Swiss government has announced that it will be confiscating assets worth Ksh200 million related to the Anglo-Leasing Scandal that saw Kenya lose billions of money. According to the Swiss Ambassador Ralf Heckner, S…

Apr 29, 2017
Business

Kenya Discovers More Oil

A company contracted by Kenya to drill oil in Turkana, Tullow Oil has announced that it has discovered more oil in two new wells. The discovery is likely to increase the predicted recoverable oil from the South Lokich…

Apr 28, 2017
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Business

Kenya Woos Top US Cruise Line in a Bid to Attract American Tourists to the Country

Kenya has embarked on a campaign to woe a California-based operator of luxury cruise ships, Princess Cruises to consider making Mombasa a home port for its vessels in a move aimed at tapping tourists from United State…

Apr 27, 2017
Business

Qatar Airways to Launch Direct Flights to Mombasa

Middle-East giant airline, Qatar Airways will be launching direct flights Doha and Kenyan coastal city, Mombasa. The move will increase domestic competition for national carrier Kenya Airways. The Middle East carrier…

Apr 27, 2017
Business

World Bank Projects Kenya Economy to Grow at 5.5 Percent

The World Bank projects the Kenyan economy to grow at 5.5 percent in 2017; this is down from 6 percent it had initially estimated. The World Bank cites the ongoing drought and slowdown in private sector credit as the…

Apr 25, 2017
Business

Safaricom Offers Free MPesa Services for 24 Hours as Compensation for Monday Outage

Safaricom has announced that it will offer free MPesa services for 24 hours starting at midnight Tuesday into Wednesday as compensation for a network outage that saw its customers nationwide lose services for several…

Apr 25, 2017
Business

KCB to Retrench 1,000 Employees

Kenya Commercial Bank (KCB) has announced that it has kicked off a process that will see over 1000 employees laid off. The Kenya’s biggest banking group by assets said in a statement that it has offered a voluntary pr…

Apr 22, 2017
Business

Kenya Warned against Shutting Down Internet

Kenya has been warned against Internet shutdown during the elections period as it could face tough consequences from the body that manages Internet addresses in Africa if a new proposal is adopted. The proposal forwar…

Apr 21, 2017
Business

French State Broadcaster Eyes Kenyan Television Market

French state broadcaster France Medias Monde has expressed its interests to enter into the increasingly competitive Kenyan television space. A Kenya Gazette notice published on Friday shows that the French giant broad…

Apr 20, 2017
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Business

Kenya Rugby Union Opposes Stiff Taxation on Betting Firms

The Kenya Rugby Union has expressed fears that the 50 per cent taxation imposed on betting firms by the Kenyan government could have a negative impact on sports sponsorships in the country. Kenya Rugby Union Chief Exe…

Apr 20, 2017
Business

Nairobi Tops Fortune 500 Prized Rating

Nairobi has been named as the most attractive city in Middle East and Africa (MEA) for global Fortune 500 companies, shows a new report. The report that was released by Infomineo, a global business research company th…

Apr 20, 2017
Business

President Uhuru, Governor Kidero Honor 104-Year-Old Pioneer Businessman with 'Keys to the City'

President Uhuru Kenyatta and Nairobi Governor Evans Kidero on Saturday honored pioneer businessman Gerald Gikonyo with ‘Keys to the City’. The ceremony was held at State House, Nairobi to honor the chairman and foundi…

Apr 15, 2017
Business

Michael Joseph Appointed to the Board of a South African Technology Firm

Former Safaricom CEO Micahel Joseph has been appointed to the board of MFS Africa, a South African technology company. Michael Joseph will serve as a non-executive director to help strengthen MFS Africa’s relationship…

Apr 12, 2017
Business

Kenyans Warned to Avoid Investing in Ponzi-Like Schemes

Kenyans have been warned against investing their hard-earned money in Ponzi-like investment schemes. The Central Bank of Kenya together with the Sacco Societies Regulatory Authority (SASRA) say investors in lured into…

Apr 7, 2017
Business

Kidero Presents Pioneering Nairobi Businessman Gerald Gikonyo with Keys to the City

Nairobi tycoon Mr. Gerald Gikonyo was on Thursday honored with Keys to the City by Nairobi Governor Evans Kidero.   Mr. Gikonyo, 104 years old, is a pioneering businessman in Nairobi and co-founder of Rwathia Group of…

Apr 6, 2017
Business

Kenyans Holding Assets Abroad Given until June, 2018 to Declare them

The Kenya Revenue Authority (KRA) has opened an amnesty period to Kenyans holding assets abroad and those who have income abroad to declare the them by one 30th, 2018 and file tax returns for the year ending 2016 and…

Apr 3, 2017
Business

Kenyans 70 and Older to Receive Monthly Stipends, Free Medical Insurance from January 2018

All Kenyan citizens 70 years and older will receive a monthly stipend as well free medical insurance from the government starting in January, 2018, Treasury Cabinet Secretary announced on Thursday. medianet_width='300…

Mar 30, 2017
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