BUSINESS NEWS
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Kenyan consumer goods company, Bidco has unveiled Ugali noodles with sukuma wiki flavor to the local market.
The maize meal noodles were launched alongside cheese and onion flavoured noodles, giving local consumers additional varieties from what currently exist.
The introduction of the new noodles…
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Agriculture Cabinet Secretary Mwangi Kiunjuri has explained how illegal sugar imported into the country might have been contaminated with poisonous compounds such as mercury and copper.
Speaking on Monday when he appeared before Parliament Committees probing the contraband sugar scandal, Kiunjuri…
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Kenya Bureau of Standards (KEBS) has denied reports that traces of mercury and copper were found in recently impounded contraband sugar.
Interior Cabinet Secretary Fred Matiang'i had earlier said that tests carried out by government chemist confirmed presence of the two compounds in the sugar…
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The path to recovery of the embattled retail chain Nakumatt has taken a new twist after the court’s appointed administrator, Peter Kadhi accused Chief Executive Officer (CEO) Atul Shah of playing part in the loss of Sh18 billion.
Kahi said Shah wrote off suppliers’ stock worth Sh18 billion without…
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US Under Secretary for International Trade Gil Kaplan is set to lead a delegation of American businesspeople to Kenya next week.
Speaking during her maiden press briefing on Wednesday, State House Deputy Spokesperson Kanze Dena said the aim of the visit by the US team is to deepen investment in the…
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Kenya telecommunication giant Safaricom has opposed tax increase on mobile money transfer proposed by Treasury Cabinet Secretary Henry Rotich.
While reading 2018/2019 budget statement in Parliament last Thursday, Rotich proposed to increase excise duty on mobile cash transfer services from 10% to…
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Equity Bank is set to launch new high-class branches targeting rich Kenyans depositing a minimum of Sh200,000 at a time.
The move will bring the number of such exclusive banking outlets to 20 from the current 16 across the country.
The lender's new plan aims at growing its deposits and loan book,…
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A section of Members of Parliament have vowed to shoot down plans by the National Treasury to repeal the interest rate cap law that gave Kenyans access to cheap loans from banks.
While reading 2018/2019 budget statement at the National Assembly on Thursday, Treasury Cabinet Secretary Henry Rotich…
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The government has reassured rich Kenyans who have hidden their cash and assets abroad that they will not be pursued if they return them to the country.
National Treasury Cabinet Secretary Henry Rotich said government will not scrutinize how they acquired the wealth if they willingly bring it back…
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There were winners and losers in the Sh3.07 trillion 2018/2019 financial year budget unveiled by Treasury Cabinet Secretary Henry Rotich on Thursday.
Local manufacturers of steel, textile and timber are among the biggest winners of the record budget. In the spirit of promoting local manufacturers…