BUSINESS NEWS
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There are many Kenyans who are famous for their prowess in striking business deals, but little is known about John Ngumi, a seasoned investment banker behind deals worth billions of shillings.
Ngumi, who is currently the Chairman of State-owned Kenya Pipeline Company (KPC), has brokered huge…
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President Uhuru Kenyatta has announced a five per cent rise in the minimum wage to cushion workers against inflation.
“In recognition of the good work done by our workers and cognizant of the 4.8 per cent rate of inflation this year, I hereby declare a corresponding 5 per cent increase of minimum…
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The completion of phase II of the Standard Gauge Railway now hangs in the balance after the financier, China Exim Bank cut the funding by Sh42 billion, citing the obstruction of the project by numerous court cases.
Supplementary budget documents presented to Parliament indicate that allocations to…
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A delegation of Kenyan officials traveled to the United States to market Kenya as a tourist destination as well as the upcoming nonstop flights between Nairobi and New York.
The team, led by Kenya Airways Chief Executive Sebastian Mikosz, met various transport and tourism stakeholders in the US,…
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The Standard Gauge Railway's commuter train, Madaraka Express netted Sh530 million from passenger travel in 2017, pushing Kenya Railways' net profit to Sh700 million.
This was up from the Sh134 million generated in 2016, representing a 60 percent increase in income for the railway operator.…
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The Economic Survey 2018 has named financial services as the best paying sector in Kenya last year.
The survey, which was released on Wednesday shows that employees in the water supply, sewerage and waste management earned the lowest average wages.
The survey found out that workers in the finance…
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The United States has issued a Sh500 million loan to Kenyan car manufacturer, Mobius to enable it build a new plant.
Mobius said the loan by the US government’s development finance institution Overseas Private Investment Corporation (Opic) will be used to equip its new factory in Nairobi with new…
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United States airport authorities will next month carry out a security audit on Jomo Kenyatta International Airport (JKIA) in a scrutiny that will have a bearing on nonstop flights plan between Nairobi and New York.
If cleared, JKIA will be granted the Last Point of Departure (LDP) status, paving…
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Two Kenyan technology startups Pezesha and Flex Pay have made it to the list of firms that will benefit from a program by global technology company Google.
The two have been picked for Google Launchpad Accelerator Africa, a program that provides skills training and mentorship for technology-based…
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Over the years, Imarisha Cooperative Savings & Credit Society Limited has grown to become one of the most successful Saccos in the country. The Kericho-based savings and credit society was started in 1978 under the name Kipsigis Teachers’ Sacco, with an initial membership of about 100.
At first…