BUSINESS NEWS

Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanently
Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanent…
The iconic Intercontinental Hotel in Nairobi is set to be closed permanently over “operational… read more...
Michael Joseph Named Safaricom Board Chairman
Michael Joseph Named Safaricom Board Chairman
Michael Joseph has been appointed as the new Chairman of the Safaricom Board effective August 1st.… read more...
Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears
Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears
The recently launched trade negotiations between Kenya and the US have been put on hold over Covid-… read more...
No Direct Flights to the US as Kenya Airways Resumes International Operations
No Direct Flights to the US as Kenya Airways Resumes International Ope…
Kenya Airways (KQ) has said it will not operate nonstop flights to the US when it resumes… read more...
Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown
Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown
Wealthy Kenyans deposited a record Sh45.5 billion in dollars between March and May this year,… read more...
Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya and US
Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya a…
Two lawyers have moved to court to challenge the proposed free trade agreement (FTA) between Kenya… read more...
Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4 Billion
Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4…
Nigeria tycoon Herbert Wigwe has acquired majority shares in Kenyan lender, Transnational Bank.… read more...
Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants
Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants
Cash-strapped Kenya Airways (KQ) is set to axe 182 pilots and over 400 cabin crew members. The… read more...
UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Products
UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Produ…
The United Kingdom has elbowed the Netherlands and the US to become the third-largest buyer of… read more...
Uhuru Gives Kenya Airways Green Light to Resume Flights
Uhuru Gives Kenya Airways Green Light to Resume Flights
President Uhuru says Kenya Airways (KQ) will resume operations in a few days. Uhuru, who spoke on… read more...
Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Data Shows
Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Dat…
Kenyan-based American companies have created employment opportunities to 6,000 Kenyans in the last… read more...
Kenya Risks Trade War with the US over Plan to Tax Tech Companies
Kenya Risks Trade War with the US over Plan to Tax Tech Companies
The government’s plan to slap digital companies with taxes could spark a trade war between Kenya… read more...
Emirates to Lay Off Kenyan Workers in Restructuring Plan
Emirates to Lay Off Kenyan Workers in Restructuring Plan
An unknown number of Kenyans working for Dubai-based airline, Emirates are among hundreds of… read more...
Kenya Becomes Third-Largest Economy is Sub-Saharan Africa
Kenya Becomes Third-Largest Economy is Sub-Saharan Africa
Kenya is now the third-largest economy in sub-Saharan Africa behind Nigeria and South Africa in… read more...
Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billion
Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billi…
Saudi Prince Al-Waleed bin Talal has reportedly sold his stake in two five-star hotels in Kenya. Al… read more...
KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covid-19 Pandemic
KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covi…
The Kenya Revenue Authority (KRA) has begun processing value-added tax (VAT) refunds to business… read more...
Government Demands Answers After Mass Firing of Fairmont Hotel Workers
Government Demands Answers After Mass Firing of Fairmont Hotel Workers…
The government, through the office of the Attorney-General, has written to the management of hotel… read more...
Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing
Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing
Fairmont Hotel has shut down two of its establishments in Kenya and fired all employees. Country… read more...
Kenya Airways Records Sh12.9 Billion Loss
Kenya Airways Records Sh12.9 Billion Loss
Kenya Airways (KQ) has posted a loss of Sh12.9 billion for the financial year ended in December… read more...
Safaricom Enters List of Top 10 Most Valuable Companies in Africa
Safaricom Enters List of Top 10 Most Valuable Companies in Africa
Kenya’s giant mobile operator, Safaricom has been ranked among the 10 most valuable companies in… read more...
Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Loan
Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Lo…
The National Treasury has introduced new regulations that will have banks, microfinance… read more...
Uhuru Gifts Rwanda Land in Naivasha to Build Dry Port for its Cargo
Uhuru Gifts Rwanda Land in Naivasha to Build Dry Port for its Cargo
President Kenyatta has given Rwanda a parcel of land in Naivasha to build a dry port for its cargo… read more...
KRA Revives Sh2.8 Million Tax Row with Economist David Ndii
KRA Revives Sh2.8 Million Tax Row with Economist David Ndii
Kenya Revenue Authority (KRA) has launched a fresh bid to recover nearly Sh3 million in unpaid… read more...
IMF Approves Sh78 Billion Loan to Kenya to Aid in Covid-19 Response
IMF Approves Sh78 Billion Loan to Kenya to Aid in Covid-19 Response
The government’s response to the Covid-19 pandemic has received a boost after International… read more...
American Companies Issue Conditions to Back Proposed US-Kenya Trade Deal
American Companies Issue Conditions to Back Proposed US-Kenya Trade De…
American companies operating under the International Intellectual Property Alliance (IIPA) are… read more...
Kenya Airways Rakes in Sh214 Million in a Month from Cargo Business Amid Covid-19 Pandemic
Kenya Airways Rakes in Sh214 Million in a Month from Cargo Business Am…
Kenya Airways raked in Sh214 million from its cargo business in the month of April 2020. This comes… read more...
Safaricom Records Sh74.7 Billion Profit
Safaricom Records Sh74.7 Billion Profit
Kenya’s giant mobile network operator, Safaricom has recorded a net profit of Sh74.7 billion for… read more...
Kenyan-Made Ventilators Receive Government Approval, Paving Way for Mass Production
Kenyan-Made Ventilators Receive Government Approval, Paving Way for Ma…
The government has approved prototypes of Kenyan-made ventilators, paving the way for mass… read more...
Kenya Airways Converts Passenger Planes into Cargo Freighters Amid Covid-19 Crisis
Kenya Airways Converts Passenger Planes into Cargo Freighters Amid Cov…
Kenya Airways (KQ) has announced it is converting some of its grounded passenger flights into cargo… read more...
Meet Ogutu Okudo, the Only Kenyan in 2020 Forbes Africa Top 30 Under 30 List
Meet Ogutu Okudo, the Only Kenyan in 2020 Forbes Africa Top 30 Under 3…
A 28-year-old Kenyan woman has made it to the 2020 Forbes Africa top 30 under 30 list released this… read more...