BUSINESS NEWS
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Ethiopian Airlines (ET) is set to launch new flights to New York's JF Kennedy International Airport.
The Ethiopia government-owned national carrier says it will fly to JFK Airport thrice a week beginning June 2019.
The new US route will add to Ethiopian Airlines' existing flights to the Newark…
1
Jetlack Food Limited, the company that makes Nuteez peanut butter, says it has withdrawn the product from Kenyan and Ugandan shelves.
This comes days after Kenya's
Ministry of Health declared the food product as unfit for human consumption.
The Ministry says laboratory tests carried out in…
17
A French technology company that was caught up in rigging claims during Kenya's 2017 presidential elections has won a new Sh6 billion government tender.
Business Daily reports that OT Morpho which rebranded to IDEMIA in 2018, has been awarded the tender for the upcoming mass biometric…
3
Equity Bank has been ranked as the most expensive lender in Kenya.
A new report on how banks charge for loans shows that borrowers will get loans at the highest cost at Equity Bank than at any other Kenyan lender.
For instance, a customer seeking to borrow Sh1 million one-year unsecured…
7
Kenya Revenue Authority (KRA) Chairperson Amb. Francis Muthaura has called for the imposition of a ban on importation of second-hand clothes into Kenya.
Muthaura says imposing a ban on importation of mitumba will help promote the country's struggling textile industry.
"Ours is a dumping…
0
Leading digital money transfer service WorldRemit has joined forces with NIC Bank for digital money transfers to Kenya.
Kenyans living in over 50 countries, including the United Kingdom, the United States and Canada, can now send money directly from their phones to 130,000 NIC Bank Retail accounts…
1
International companies with regional headquarters in Nairobi have pledged to remain in Kenya despite Tuesday's terror attack at dusitD2 complex along 14 Riverside Drive in Westlands.
The companies say the attack will not scare them into exiting East Africa’s business hub.
“We are very committed to…
2
Safaricom CEO Bob Collymore says more than 1 million Mpesa subscribers have used the company's overdraft service that was launched more than a week ago.
Speaking to Reuters, Collymore says the service dubbed Fuliza or Kopa Mpesa has exceeded the company's expectations.
The service, which was…
1
Bharti Airtel has reportedly initiated discussions aimed at buying out Telkom Kenya.
The deal, which is expected to be struck by March 2019, will see Helios Investment, a London-based company that owns 60 percent stake at Telkom relinquish 20 percent of its shareholding to enable Airtel to acquire…
0
The Energy Regulatory Commission (ERC) has announced reduced fuel prices in the latest review that comes as a major relief for consumers.
In an announcement made on Monday, the agency has reduced the prices of petrol and diesel by Sh9.53 and Sh10 respectively while that of kerosene has fallen by…
