BUSINESS NEWS
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A Kenyan non-governmental organisation is set to receive this year's Sh200 million donor funding from a US-based non-profit organisation, Conrad N. Hilton Humanitarian.
Shining Hope for Communities (SHOFCO) which offers community-led services in six slum and poor areas in Nairobi and Mombasa, will…
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Jubilee Insurance has been placed on the spot for allegedly sacking a female employee over pregnancy.
The insurance firm is said to have illegally terminated former head of corporate communications Victoria Miguda's contract in the name of redundancy after she became pregnant.
Through Echessa and…
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Detectives from the Directorate of Criminal Investigations (DCI) arrested four employees for allegedly stealing Sh72.6 million from Kenya Commercial Bank (KCB).
In a statement, DCI boss George Kinoti said the four were arrested over the weekend and will be arraigned in court to face fraud-related…
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Jomo Kenyatta International Airport (JKIA) has continued to cement its place as Africa's top transit hub.
The number of passengers passing through the Nairobi airport increased tremendously in the month of May and June, standing at slightly above 800,000 travelers.
A total of 505,454 passengers…
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The construction of Standard Gauge Railway (SGR) line between Naivasha Kisumu will cost Kenyans Sh380 billion, a State House operative has revealed.
The cost is Sh53 billion more than the Sh327 billion used to complete the first phase of the line between Mombasa and Nairobi.
In a tweet, State House…
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The multi-billion shilling exclusive office block, 14 Riverside in Nairobi's Westlands area is set to be the next victim of the ongoing crackdown on buildings sitting on riparian land in Nairobi.
Julius Wanjau, who is supervising the demolition of illegal buildings in the city said a section of the…
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Equity Group has posted Sh11 billion profit for the first six months of 2018, an increase by 18 percent from the Sh9.4 billion recorded in the same period last year.
The good performance was driven by Euity's trading in government securities which increased to Sh158.9 billion up from Sh115.6…
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The government has approved the construction of Sh4.1 billion cable car to ferry people between Mombasa Island and the mainland.
The project being undertaken jointly by a Kenyan and an Austrian company was okayed during a Cabinet meeting held at State House this week.
The cable car project is…
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Kenya Airways (KQ) has struck a code sharing partnership with Delta Airlines. Under the deal, Kenya Airways will embed Delta Airlines Code NYSE: DAL on its fleet of aircraft plying Amsterdam, Paris, London, and Accra to Nairobi route.
“Delta is the leading American carrier between the United States…
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Kenyatta International Convention Centre (KICC), one of Kenya’s most popular conference facilities, is at risk of being auctioned over a debt of more than Sh500 million.
The Standard reports that incensed companies have moved to court seeking to have the property auctioned to offset debts dating…