BUSINESS NEWS
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The cost of printing new-look Kenya currency has gone up by 50 percent to Sh15 billion from the initial Sh10 billion, Central Bank of Kenya has announced.
The increase is as a result of introduction of a new coat of varnish by the printer, Business Daily reports. The varnish is expected to reduce…
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Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO). Kibati takes over the position from Aldo Mareuse who has left the telecommunications company to pursue other interests after two years at the helm.
Kibati, the immediate former Group CEO of Sanlam Kenya takes over the…
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Kenya Airways plans to launch flights to other destinations in the United States including Atlanta and Washington, DC, the airline's chairman Michael Joseph has announced.
Last week,Kenya Airways launched daily direct flights between Jomo Kenyatta International Airport (JKIA) and JFK International…
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Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company.
Speaking during an interview with Bloomberg, the tycoon refused to reveal the identity of the company but notes that the firm operates in Kenya and Tanzania.
This development come months after he said he had…
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Safaricom has signed a payments deal with United States financial services company Western Union.
The deal will allow MPesa users to send and receive cash at any Western Union outlets across the globe.
Under the agreement, MPesa customers will be able to transact up to Sh140,000 per day through…
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Kenya's Immigration Department's website (www.immigration.go.ke) is among several government websites that have been shutdown by Microsoft over alleged unsettled debts.
Other ministries affected by the shutdown include Ministry of Lands, Labour, Energy, Mining and Petroleum, and Ministry of East…
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British Broadcasting Corporation (BBC) has officially launched its East African Bureau in Nairobi.
The bureau is the largest BBC studio outside the United Kingdom and will double up as the company's Africa headquarters.
300 out of the 600 BBC journalists working in the continent will be based in…
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Kenya's leading mobile service provider Safaricom is set to launch an overdraft facility for its Mpesa customers.
Dubbed Fuliza, the facility will allow Mpesa users to send money or pay for goods and services even when they have insufficient funds in their accounts.
Safaricom Chief Executive…
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Safaricom has announced a Sh31.5 billion net profit in the half-year ending September 30th, 2018.
M-Pesa revenues grew by 18.2 percent, raking in Sh35.5 billion while mobile data revenues hit Sh19.45 billion, a 10.2 percent increase.
Safaricom Chairman Nicholas Ng’ang’a however says there is…
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President Kenyatta's administration is set to sell 26 state-owned companies in order to raise funds for the current budget.
The Star reports that the move has already received approval from the Kenya's Privatisation Commission.
The commission, under the Privatisation Act, 2005 will sell 26 poorly…