BUSINESS NEWS
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The government has lifted a ban imposed on fish imported from China.
A ban on fish imports from the Asian country took effect in November last year after President Kenyatta's directive.
This came after local traders complained to the President that cheap Chinese fish that had flooded the Kenyan…
0
Nairobi's InterContinental Hotel is reportedly on the verge of being auctioned over a debt amounting to hundreds of millions.
The Daily Nation reports that the luxury hotel located in Nairobi central business district is broke and is currently burdened by liabilities that outweigh its income.…
16
A company linked to Mombasa County Governor Ali Hassan Joho has landed a lucrative Standard Gauge Railway (SGR) deal that could see it rake in billions of shillings.
The Daily Nation reports that the company, which is allegedly owned by Joho, is among two firms that have signed a deal with Kenya…
1
Airtel Kenya and Telkom Kenya have announced they have struck an agreement to merge the two telecommunications companies.
In a statement, the two mobile service providers say the deal will see them merge their mobile, enterprise, and carrier services to form a single joint venture named Airtel-…
3
RwandaAir is planning to launch nonstop flights to the United States.
If cleared, RwandaAir will compete for passengers with Kenya Airways (KQ), which launched direct flights between Jomo Kenyatta International Airport (JKIA) in Nairobi and New York's JFK Airport three months ago.
RwandAir is…
0
After accumulating debts amounting to Sh1 billion, Ukwala Supermarket has begun the process of shutting down.
The retailer chain has made an application in court seeking permanent closure of its business.
“The company is applying to be liquidated because of its indebtedness and inability to meet…
0
Facebook has announced plans to open an office in Kenya.
The Nairobi office will serve as a content review center, employing several tech-savvy Kenyans.
I.T News Africa reports that the California-headquartered giant company will open the office in collaboration with a leading digital employer,…
2
Kenya's oldest and one of the most famous supermarkets, Ebrahim, has shut down.
The Business Daily reports that Ebrahim has closed down its only remaining branch on Nairobi's Moi Avenue, bringing to an end its 75 years of operation in Kenya.
The closure comes days after the retailer offloaded…
1
Car dealers under the Kenya Auto Bazaar Association (KABA) have written to President Kenyatta over the proposed age limit for second-hand imported vehicles.
KABA has pleaded with President Kenyatta to scrap the Draft National Automobile Policy which was established by the Trade, Industry and…
0
The Kenya Bureau of Standards (Kebs) has suspended the permit issued to Nuteez peanut butter manufacturer, Jetlak Foods Ltd.
In a statement, the agency has also directed Jetlak to withdraw Nuteez peanut butter brand from the market after it was found to contain high levels of dangerous aflatoxin.…
