BUSINESS NEWS

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...
Peter Ndegwa Officially Takes Over as the New Safaricom CEO
Peter Ndegwa Officially Takes Over as the New Safaricom CEO
Peter Ndegwa on Wednesday, April 1st, officially took over as the new CEO of Safaricom following… read more...
Kenyan Tycoon Chris Kirubi to Buy Sh2.7 Billion Worth of Shares in Centum
Kenyan Tycoon Chris Kirubi to Buy Sh2.7 Billion Worth of Shares in Cen…
Kenyan billionaire businessman Chris Kirubi is set to spend Sh2.7 billion to acquire 133 million… read more...
Kenya Suspends Importation of Second-Hand Clothes Due to Covid-19 Pandemic
Kenya Suspends Importation of Second-Hand Clothes Due to Covid-19 Pand…
Kenya has suspended the importation of second-hand clothes, locally known as ‘mitumba’, due to the… read more...
US, Kenyan Companies Invited to Make Views on the Proposed US-Kenya Trade Deal
US, Kenyan Companies Invited to Make Views on the Proposed US-Kenya Tr…
President Trump’s administration has invited American and Kenyan companies to submit their views on… read more...
20 FREE One-Way Kenya Airways Tickets from JFK to JKIA for Travel on Tuesday, March 24th
20 FREE One-Way Kenya Airways Tickets from JFK to JKIA for Travel on T…
Need to travel from the US to Kenya right away? Kenya Airways has a total of twenty (20)… read more...
Kenyans to Enjoy High-Speed Internet as Gov't Allows Google Loon to Fly Balloons over Kenyan Airspace
Kenyans to Enjoy High-Speed Internet as Gov't Allows Google Loon…
Kenyans are set to enjoy high-speed and affordable internet courtesy of Google Loon in partnership… read more...
Kenya Airways Staff to Take Huge Pay Cuts as Coronavirus Bites
Kenya Airways Staff to Take Huge Pay Cuts as Coronavirus Bites
Kenya Airways has announced its top officials, including the CEO, will take huge pay cuts effective… read more...
Trump Informs US Congress of Plans to Commence Trade Talks with Kenya
Trump Informs US Congress of Plans to Commence Trade Talks with Kenya
The start of talks on a free trade agreement between Kenya and the United States is inching closer… read more...
Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By 12 Months
Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By…
Following the coronavirus outbreak, commercial banks operating in Kenya have agreed to prolong… read more...
Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below Sh1,000
Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below S…
Safaricom has waived all M-Pesa transaction charges for amounts below Sh1,000 in the wake of… read more...
KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9 Billion in Unpaid Taxes
KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9…
The tax dispute pitting Kenya Revenue Authority (KRA) against Keroche Breweries Limited has taken a… read more...
Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent
Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent
Kenyans who invested with Goldenscape Greenhouses fear they have lost their money after the… read more...
Optiven Foundation Partners with Fusion Capital to Fund Needy Students in 20 Counties
Optiven Foundation Partners with Fusion Capital to Fund Needy Students…
Optiven Foundation has today partnered with private equity firm Fusion Capital to empower over 8,… read more...
Central Bank of Kenya Moves to Buy $400 Million in US Currency
Central Bank of Kenya Moves to Buy $400 Million in US Currency
Central Bank of Kenya (CBK) has revealed plans to buy $400 million US dollar currency in a bid to… read more...
42 Kenyans Are Worth over $30 Million, Says Report
42 Kenyans Are Worth over $30 Million, Says Report
There are 42 Kenyans with a net worth of over $30 million (Sh3 billion), according to the 2020… read more...
Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain
Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain
Kenya has inked a deal for the acquisition of 15 second-hand commuter trains from Spain for about… read more...
US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi Shop
US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi…
Barely five months after entering into the Kenyan market, US company Corteva Agriscience has closed… read more...
Kenya Earns Sh51.85 Billion from Exports to the US
Kenya Earns Sh51.85 Billion from Exports to the US
Kenya earned Sh51.85 billion from exports to the United States in 2019, according to data by the… read more...