BUSINESS NEWS

Kenya Airways has announced a Sh6.1 billion net loss for the nine month period running to December 2017, even as it continues to restructure its operations. The airline's Chief Executive Officer Sebastian Mikosz blamed the loss on higher fuel costs and the negative impact of the extended…

US construction company Bechtel is eyeing Sh300 billion contract to build an expressway between Nairobi and Mombasa. Bechtel has told the National Treasury that the superhighway, whose construction is expected to start in July this year, will generate double the money spent to build it over the…

Kenya Tourism Board (KTB) officials have conducted a series of visits to different cities in the United States and Canada in a bid to sell Kenya as a tourism hub. During the one-week tour to the two North American countries, the KTB team held road shows in various cities including; Toronto, New…

Kenyans traveling between Nairobi and Mombasa using the Standard Gauge Railway (SGR) passenger train will pay Sh300 more beginning next month in revised charges. Passengers on the economy class will be charged Sh1,000 for a one-way ticket on the train service between the route, bringing the end of…

A social media account belonging to a data mining company associated with President Kenyatta and his US counterpart Donald Trump's presidential campaigns has been suspended by Facebook. In a statement on Friday, Facebook Inc announced it has suspended the account of Strategic Communication…

A United States firm, Alliance Laundry Systems has launched the first-ever laundromats in Kenya. The commercial laundry company is targeting entrepreneurs from urban centres in Kenya and will give them a full laundromat store. It will also provide operational and technical support to them. The firm…

Global soft drinks manufacturer Coca-Cola has admitted that one of their brands, Dasani water is contaminated with micro-plastics. The giant firm's admission comes a day after the release of a study showing that Dasani was one of the 93 per cent of world’s famous bottled water products, that…

A Kenyan-based firm has manufactured a modern boat, the first one of its kind to be made in the East African region. The locally manufactured vessel was assembled by Mombasa-based Associated Vehicle Assemblers (AVA). AVA is one of the assemblers of some global top brands including; Toyota and…

An audit report by KPMG has put former Nairobi Governor Evans Kidero on the spot over missing Sh21 billion. The report indicates that Sh21.89 billion was not accounted for in the handover report by Kidero when current Governor Mike Sonko was assuming office in August last year. “More than Sh21.89…

Kenya has reacted to concerns by the United States that Chinese loans were pushing African countries, including Kenya into unsustainable debt, that has weakened their ability to generate employment opportunities for jobless youth. Addressing the press in Nairobi on Thursday, Foreign Affairs Cabinet…