BUSINESS NEWS

Kenya Airways has launched three direct flights to Cape Town, South Africa every week. The non-stop flights will leave Jomo Kenyatta International Airport (JKIA) in Nairobi to the South African city every Wednesday, Friday and Sunday at 3:30pm EAT. Speaking on Wednesday, Kenya Airways Chief…

Nairobi County Government finance department is on the spot after it was established that Sh297 million Bursary Fund was banked in the wrong account in Australia. Questions have been raised on how and who wired the huge amount of cash to an account registered under Australia's Maryland University…

As June 30th deadline to file returns with Kenya Revenue Authority (KRA) fast closes in, a section of rich Kenyans who have hidden assets overseas are rushing to return the assets to avoid paying taxes. Tax consultants told Business Daily that the wealthy lot is repatriating the cash to avoid…

Kenya Pipeline Company (KPC) Managing Director Joe Sang has refuted claims that the institution lost Sh95 billion in skewed tenders, terming the reports by the media as false and malicious.  Speaking to the media on Tuesday morning, Sang however confirmed that three top officials at the…

President Kenyatta has officially flagged off the first consignment of crude oil destined for export from Kenya. “A great day for Kenya,” the President wrote in the visitor’s book on arrival at Ngamia in the Turkana heartland. Speaking when he flagged off trucks loaded with crude oil at Ngamia 8,…

Ten commercial banks suspected to have allowed transactions of huge amounts of cash in the Sh9 billion scam at the National Youth Service (NYS) are being investigated and risk losing their operating license if found culpable. The Directorate of Criminal Investigation (DCI), the Central Bank of…

Kenya Ports Authority (KPA) Managing Director Catherine Mturi-Wairi has been sent home for reportedly failing to meet performance targets. The decision to suspend her was unanimously passed by KPA board of directors during its 345th Special Meeting on Wednesday. Her suspension comes after a series…

Standard Gauge Railway (SGR) passenger train, Madaraka Express, which was launched by President Kenyatta in June last year has earned the government Sh1 billion in revenue in a span of one year. Speaking on Wednesday, Kenya Railways Managing Director Atanas Maina said the passenger train has moved…

Taxi hailing firm Uber has rolled out foods’ delivery services in Nairobi as the US-based company continues to cement its presence in the Kenyan Market. Dubbed Uber Eats, the new service will enable consumers to order food from restaurants of their choice through a mobile application at a flat…

Billionaire businessman Chris Kirubi has commended opposition leader Raila Odinga over his decision to work with President Kenyatta. Speaking when Odinga visited him at his home in Nairobi on Tuesday, the industrialist said the handshake between the Opposition chief and the Head of State will…