BUSINESS NEWS
10
The government has suspended the ban imposed on the importation of Chinese fish into the country.
Susan Imende, the Director-General of the Kenya Fisheries Service says the ban that was scheduled to take effect on January 1st, 2019 has temporarily been put on hold to pave way for further…
5
China has withdrawn its earlier threat of engaging in a “trade war” with Kenya over the government's decision to impose a ban on Chinese fish.
On Tuesday, Chinese Ambassador to Kenya Li Xuhang warned that his country could impose trade sanctions on Kenya for imposing a ban on Chinese fish in the…
0
Uganda has refuted reports that it has pulled out of the deal for the construction of a Standard Gauge Railway (SGR) line linking the country with Kenya.
Monica Azuba, Uganda's Minister of Works and Transport, says her country is on track and will not cancel plans to connect the region through a…
2
Kenya's giant mobile service provider Safaricom has been slapped with a fine of nearly 300 million shillings for poor quality services in 2017
In the latest sustainability report, Safaricom says it paid a fine of Sh293 million for failing to meet a number of quality of service tests by the…
5
President Kenyatta has downplayed concerns raised by critics over the huge debt Kenya owes China.
In an interview aired on CNN, the President questions why Kenya's debt critics only talk about loans taken from China while there are many other countries that lend money to Kenya.
Uhuru says Kenya has…
5
The government has announced plans of borrowing $2.8 billion (Sh287 billion) in Eurobonds offers and syndicated loan before the end of 2018 to finance the 2018/2019 budget, Bloomberg reports.
National Treasury Principal Secretary Kamau Thuge says the government is seeking to raise Sh250 billion…
1
Kenya Airways' maiden direct flight to the United States has received a water salute upon touching the ground at the JKF International Airport in New York.
The Boeing 787-8 Dreamliner (5Y-KZE) plane KQ002 landed at the New York airport at 7:44am on Monday.
Water salute normally occurs for…
5
Kitui Governor Charity Ngilu has launched the first-ever garment making factory by a County government in Kenya since the inception of devolution.
Ms Ngilu says the factory named Kitui County Textile Centre (KICOTEC) will provide direct employment opportunities to more than 600 residents of Kitui…
7
Retired President Mwai Kibaki is planning to build a multi-billion shilling mini-city comprising of a five-star hotel near Menengai Crater in Nakuru.
The investment's promoters say the decision to set up the luxurious hotel is informed by increased global interest in the crater that last…
9
The International Monetary Fund (IMF) claims that Kenya is artificially manipulating the shilling in order to make it appear strong.
In a statement quoted on Bloomberg, the Washington-based global body that gives loans when countries are in financial crisis says that the local unit is 17.5 percent…