BUSINESS NEWS

Kenyans will now be able to purchase apps from the play store using M-Pesa after Google approved the use of the mobile money platform to make payments. The payment option, which was approved on Monday, makes Google Play one of the first global e-commerce platforms in to adopt MPesa. “Carrier…

The National Treasury has announced that Kenya has secured $2 billion (Sh203billion) in a new Eurobond issue. Treasury Cabinet Secretary Henry Rotich in a statement on Thursday said the issue was oversubscribed seven times, meaning that Kenya needed Sh203 billion, but attracted bids amounting to…

The Central Bank of Kenya (CBK) has put a farm belonging to former Presidential aspirant Cyrus Jirongo on sale over Sh495 million debt owed to Dubai Bank. CBK said it will auction the former Lugari MP's property in a bid to recover the cash he owes to the bank, which collapsed in 2015. Kenya…

The plan by Kenya to purchase Sh43 billion military aircraft from the United States hangs in the balance after government failed to reach a binding agreement with the vendors within the set time frame. The US Government Accountability Office (GAO) said that Kenya failed to commit to the agreement…

American firm Bechtel International is set to begin construction work on Nairobi-Mombasa Expressway at the end of this year. Kenya National Highway Authority (KeNHA) Communication director Charles Njogu on Thursday said that feasibility studies and designs of the superhighway are complete. Bechtel…

Kenyans could find themselves riding on an electric train from Nairobi to Mombasa in two years time. This follows a deal signed between Kenya Electricity Transmission Company (KETRACO) and China Electric Power Equipment and Technology Company Limited (CET) to electrify the new railway between the…

Kenya has been forced to rethink its strategies after its attempt to promote the duty-free export of coffee, tea, cut flowers, food ingredients and home décor in the last six years failed to deliver desired results of increasing its trade volumes to the United States. Kenya has mainly exported…

The Nairobi county government collected Sh1.63 billion in taxes in the month of January, Governor Mike Sonko has revealed. In documents he shared on the internet, the Governor indicated that revenue collection at the City Hall has significantly increased since he assumed office in August last year…

Ticket prices for standard gauge railway's Madaraka Express train trip between Nairobi and Mombasa are set to be revised upwards in the next two months. This means that the promotional Sh700 fare that Kenyans have been paying between the route since the launch of the train in May, 2017 will come to…

Tourism Cabinet Secretary Najib Balala has faulted the banning of shisha and the closure of nightclubs by the government, saying that the move will hurt the economy of the country. Balala said the ban of shisha imposed by outgoing Health CS Cleopa Mailu was a “miscalculated” move. The CS further…