BUSINESS NEWS

Uhuru Rejects Finance Bill, Wants MPs to End Cheap Loans for Kenyans
Uhuru Rejects Finance Bill, Wants MPs to End Cheap Loans for Kenyans
President Kenyatta declined to assent to the Finance Bill 2019 and asked MPs to scrap a cap on… read more...
Microsoft Recruits 50 Computer Engineers at its Nairobi Hub
Microsoft Recruits 50 Computer Engineers at its Nairobi Hub
American technology company, Microsoft has hired 50 engineers at its Africa Development Centre (ADC… read more...
US Beverage Company to Use Kenyan Coffee to Make Bhang-Laced Drinks
US Beverage Company to Use Kenyan Coffee to Make Bhang-Laced Drinks
A Kenyan coffee producer has won a contract for the supply of ground berries to an American… read more...
Safaricom Mulls Buying Stake in Ethiopia’s State-Owned Ethio Telecom
Safaricom Mulls Buying Stake in Ethiopia’s State-Owned Ethio Telecom
Kenya’s giant telecommunications company, Safaricom is planning to buy a stake in Ethiopia’s State-… read more...
Kenyans Fail to Claim Sh12 Billion Idle Assets Surrendered to the State
Kenyans Fail to Claim Sh12 Billion Idle Assets Surrendered to the Stat…
The State is holding more than Sh12 billion in unclaimed assets as only 7,000 Kenyans applied to be… read more...
Rwandan Company Opens Africa’s First Smartphone Factory, Unveils 2 Makes
Rwandan Company Opens Africa’s First Smartphone Factory, Unveils 2 Mak…
Rwandan President Paul Kagame on Monday opened Africa’s first smartphone factory in the country’s… read more...
Betting Company SportPesa Sacks over 400 Kenyan Employees
Betting Company SportPesa Sacks over 400 Kenyan Employees
Kenya’s largest betting company, SportPesa has fired all employees days after it announced its… read more...
Sh800 Billion Repatriated from Offshore Accounts by Wealthy Kenyans 'Goes Missing"
Sh800 Billion Repatriated from Offshore Accounts by Wealthy Kenyans…
Kenya Revenue Authority (KRA) cannot reportedly trace Sh803 billion repatriated back to the country… read more...
SportPesa Shuts Down Operations in Kenya as Betin Sends All Workers Home
SportPesa Shuts Down Operations in Kenya as Betin Sends All Workers Ho…
Kenya's largest betting company, SportPesa has shut down operations in the country citing hostility… read more...
Uhuru Meets Top US Business Executives in New York, Markets Kenya as an Investment Hub
Uhuru Meets Top US Business Executives in New York, Markets Kenya as a…
President Kenyatta on Tuesday urged US investors to consider Kenya as their investment destination… read more...
Kenya Airways to Sell 7 Boeing Aircraft
Kenya Airways to Sell 7 Boeing Aircraft
Kenya Airways (KQ) is set to sell seven of its aircraft in a sale deal expected to earn the loss-… read more...
'Dirty Cash': Alarm as Kenyans Rush to Buy Wheat in Old Sh1,000 Notes Ahead of Next Week Deadline
'Dirty Cash': Alarm as Kenyans Rush to Buy Wheat in Old Sh1,…
Central Bank of Kenya (CBK) suspects that Kenyans holding dirty cash could be buying wheat in a bid… read more...
KRA to Track Mpesa Transactions in Bid to Nab Tax Cheats
KRA to Track Mpesa Transactions in Bid to Nab Tax Cheats
Kenya Revenue Authority (KRA) is set to begin monitoring individuals’ Mpesa transactions in a bid… read more...
Gov’t Shelves Plan to Ban Importation of Chinese Fish into Kenya
Gov’t Shelves Plan to Ban Importation of Chinese Fish into Kenya
The government has shelved plans to ban the importation of Chinese fish into the Kenya. Fisheries… read more...
JKIA Ranked World’s 2nd Fastest-Growing Cargo Airport
JKIA Ranked World’s 2nd Fastest-Growing Cargo Airport
Kenya’s Jomo Kenyatta International Airport (JKIA) has been rated among the world’s fastest-growing… read more...
170 Kenyans Left Jobless as US-Based Software Company Andela Lays off Workers
170 Kenyans Left Jobless as US-Based Software Company Andela Lays off…
New York-headquartered software developer training and outsourcing company Andela has announced… read more...
MPs Reject Proposal to End Cheap Loans for Kenyans
MPs Reject Proposal to End Cheap Loans for Kenyans
Members of the National Assembly Finance and National Planning Committee have rejected a proposal… read more...
New Premier Kenyan Business and Events Platform Launched
New Premier Kenyan Business and Events Platform Launched
New premier Kenyan business platform called NaiGate launched to create market access for businesses… read more...
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways (KQ) says it has formally withdrawn its Privately Initiated Investment Proposal (PIIP… read more...
SportPesa Set to Resume Operations After KRA Clearance
SportPesa Set to Resume Operations After KRA Clearance
Giant betting company SportPesa has announced it will resume operations soon after it was cleared… read more...
 Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the Telco
Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the T…
Acting Safaricom CEO Michael Joseph hinted at an extended stay at the helm of the giant… read more...
Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019
Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019
Kenya Airways (KQ) recorded a pretax loss of Sh8.56 billion in the half-year ended June 30th, 2019… read more...
Uhuru Roots for Total Ban on Gambling in Kenya
Uhuru Roots for Total Ban on Gambling in Kenya
President Kenyatta on Saturday threw his weight behind the proposal to totally ban gambling in… read more...
Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Port
Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Po…
President Kenyatta is on Monday slated to flag off the shipment of Kenya’s maiden consignment of… read more...
Google Warns Kenya over Digital Tax Push
Google Warns Kenya over Digital Tax Push
US technology company, Google has warned that Kenya’s plan to impose tax on digital transactions… read more...
Keroche Breweries CEO Tabitha Karanja, Husband Arrested
Keroche Breweries CEO Tabitha Karanja, Husband Arrested
Keroche Breweries Limited CEO Tabitha Karanja was on Thursday evening arrested over allegations of… read more...
Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Using Old Sh1,000 Notes Nears
Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Usin…
Kenyans returned at least Sh25 billion to banks following Central Bank of Kenya’s move to phase out… read more...
Kenya Airways to Pay British Company Sh25 Million to Probe Collision of Two Jets at JKIA
Kenya Airways to Pay British Company Sh25 Million to Probe Collision o…
National carrier Kenya Airways (KQ) has contracted a British aviation company to investigate an… read more...
Kenya Gov’t Targets YouTube, Netflix with Taxes
Kenya Gov’t Targets YouTube, Netflix with Taxes
The government is working on a policy that will be used to tax online streaming services such as… read more...
Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billion
Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billio…
Two weeks after President Kenyatta announced that Kenya had joined the league of oil-exporting… read more...