BUSINESS NEWS

Kenya Airways Activates Codeshare with Delta Airlines
Kenya Airways Activates Codeshare with Delta Airlines
Kenya Airways has activated its codeshare agreement with Delta Airlines, paving the way for… read more...
Peter Munga to Receive Sh50 Million Thank You Token from Equity Bank
Peter Munga to Receive Sh50 Million Thank You Token from Equity Bank
Outgoing Equity bank Chairman Peter Munga,76, is set to pocket Sh50 million as a thank you token… read more...
US IT Company Cisco Launches Incubation Hub in Nairobi
US IT Company Cisco Launches Incubation Hub in Nairobi
United States IT firm, Cisco has launched a Sh69 million incubation hub in Nairobi. In a statement… read more...
Foreign Currency Deposits in Kenyan Banks Hit Sh581 Billion Driven by Diaspora Remittances
Foreign Currency Deposits in Kenyan Banks Hit Sh581 Billion Driven by…
Foreign currency deposits in Kenyan banks hit Sh581.9 billion in 2018, the latest data from the… read more...
Kenya Targets US Investors in New Sh250 Billion Eurobond Issue
Kenya Targets US Investors in New Sh250 Billion Eurobond Issue
The Kenyan government has revealed plans to acquire a third Eurobond worth Sh250 billion. National… read more...
US Think Tanks Sounds Warning to Kenya over Chinese Loans
US Think Tanks Sounds Warning to Kenya over Chinese Loans
A US Defence Department think tank has sounded a warning to Kenya and other African countries over… read more...
Bank Moves to Auction Several Uber Chap Chaps over Defaulted Loans
Bank Moves to Auction Several Uber Chap Chaps over Defaulted Loans
Kenya's Stanbic Bank has moved to auction several vehicles contracted by global mobile taxi hailing… read more...
James Mwangi to Pocket Sh416 Million in Dividend from Equity Bank
James Mwangi to Pocket Sh416 Million in Dividend from Equity Bank
Equity Bank CEO James Mwangi is set to pocket Sh416 million in dividend after the institution… read more...
Equity Bank Announces Sh19.8 Billion Profit
Equity Bank Announces Sh19.8 Billion Profit
Equity Bank has announced a profit of Sh19.8 billion for the year ending December, 2018. The lender… read more...
Kenyan Billionaire Businessman Chris Kirubi Pockets Sh700 Million in BIC Sale Deal
Kenyan Billionaire Businessman Chris Kirubi Pockets Sh700 Million in B…
Kenyan business mogul Chris Kirubi pocketed €6.3 million (Sh714 million) from the recent sale of… read more...
Kenya Signs Deal for Construction of Nairobi CBD-JKIA Railway Line with France
Kenya Signs Deal for Construction of Nairobi CBD-JKIA Railway Line wit…
President Kenyatta and his French counterpart Emmanuel Macron have announced several public-private… read more...
Kenya Airways Suffers Sh300 Million Loss After Wednesday Workers Strike
Kenya Airways Suffers Sh300 Million Loss After Wednesday Workers Strik…
Kenya Airways (KQ) says it suffered losses amounting to Sh300 million following aviation workers'… read more...
US TV Star Kylie Jenner, 21, Named World's Youngest Self-Made Billionaire of All Time
US TV Star Kylie Jenner, 21, Named World's Youngest Self-Made Bil…
American television star and makeup guru Kylie Jenner has been named world's youngest billionaire.… read more...
Kirinyaga Governor Anne Waiguri Signs Deal to Set Up a Coffee Shop in New York
Kirinyaga Governor Anne Waiguri Signs Deal to Set Up a Coffee Shop in…
Kirinyaga Governor Anne Waiguru has signed a deal with an American firm to set up of a coffee shop… read more...
Amazon's New PayCode Service Allows Kenyan Shoppers to Pay for Goods in Cash
Amazon's New PayCode Service Allows Kenyan Shoppers to Pay for Go…
Amazon has launched a service that allows Kenyan shoppers to pay for goods in cash. Under the new… read more...
MPs Threaten to Block CBK Governor Patrick Njoroge's Reappointment over Tough Rules on Bulk Transactions
MPs Threaten to Block CBK Governor Patrick Njoroge's Reappointmen…
Members of Parliament have threatened to block Central Bank of Kenya (CBK) Governor Dr. Patrick… read more...
Posta Inks Deal with US Company to Offer Doorstep Delivery Services to Kenyans
Posta Inks Deal with US Company to Offer Doorstep Delivery Services to…
The Postal Corporation of Kenya (PCK) has struck a partnership deal with US-based logistics company… read more...
Kenya Gov't Makes U-turn, Lifts Ban on Imported Chinese Fish
Kenya Gov't Makes U-turn, Lifts Ban on Imported Chinese Fish
The government has lifted a ban imposed on fish imported from China. A ban on fish imports from the… read more...
Nairobi's InterContinental Hotel Stares at Auction over Sh700 Million Debt
Nairobi's InterContinental Hotel Stares at Auction over Sh700 Mil…
Nairobi's InterContinental Hotel is reportedly on the verge of being auctioned over a debt… read more...
Hassan Joho's Company Lands SGR Cargo Transportation Deal Worth Billions
Hassan Joho's Company Lands SGR Cargo Transportation Deal Worth B…
A company linked to Mombasa County Governor Ali Hassan Joho has landed a lucrative Standard Gauge… read more...
Telkom Kenya, Airtel Merge to Form New Telco Company
Telkom Kenya, Airtel Merge to Form New Telco Company
Airtel Kenya and Telkom Kenya have announced they have struck an agreement to merge the two… read more...
RwandAir Seeks to Operate Nonstop Flights to the US
RwandAir Seeks to Operate Nonstop Flights to the US
RwandaAir is planning to launch nonstop flights to the United States. If cleared, RwandaAir will… read more...
Kenya's Ukwala Supermarket to Shut Down over Sh1 Billion Debt
Kenya's Ukwala Supermarket to Shut Down over Sh1 Billion Debt
After accumulating debts amounting to Sh1 billion, Ukwala Supermarket has begun the process of… read more...
Facebook Announces Plans to Open Office in Nairobi
Facebook Announces Plans to Open Office in Nairobi
Facebook has announced plans to open an office in Kenya. The Nairobi office will serve as a content… read more...
End of an Era: Kenya's Oldest Supermarket Ebrahim Shuts Down after 75 Years of Operation
End of an Era: Kenya's Oldest Supermarket Ebrahim Shuts Down afte…
Kenya's oldest and one of the most famous supermarkets, Ebrahim, has shut down. The Business Daily… read more...
Car Dealers Write to President Uhuru to Protest Reduction of Age Limit on Imported Second-Hand Vehicles
Car Dealers Write to President Uhuru to Protest Reduction of Age Limit…
Car dealers under the Kenya Auto Bazaar Association (KABA) have written to President Kenyatta over… read more...
Gov't Withdraws Permit for Toxic Nuteez Peanut Butter, Two Other Brands
Gov't Withdraws Permit for Toxic Nuteez Peanut Butter, Two Other…
The Kenya Bureau of Standards (Kebs) has suspended the permit issued to Nuteez peanut butter… read more...
Ethiopian Airlines Announces New Flights to New York’s JFK Airport
Ethiopian Airlines Announces New Flights to New York’s JFK Airport
Ethiopian Airlines (ET) is set to launch new flights to New York's JF Kennedy International Airport… read more...
Company Withdraws Nuteez Peanut Butter from Kenyan Shelves after Gov't Declared it Unfit for Human Consumption
Company Withdraws Nuteez Peanut Butter from Kenyan Shelves after Gov…
Jetlack Food Limited, the company that makes Nuteez peanut butter, says it has withdrawn the… read more...
French IT Firm Accused of Meddling with Kenya's 2017 Presidential Elections Wins New Sh6 Billion Gov't Tender
French IT Firm Accused of Meddling with Kenya's 2017 Presidential…
A French technology company that was caught up in rigging claims during Kenya's 2017 presidential… read more...