BUSINESS NEWS

 President Kenyatta Launches Kenya's New-Look Currency Coins
President Kenyatta Launches Kenya's New-Look Currency Coins
The Central Bank of Kenya (CBK) on Friday unveiled Kenya's new-look coins that conform to 2010… read more...
Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger
Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed…
Two rich Kenyan families, the Kenyattas and the Ndegwas are set to form Kenya's third largest bank… read more...
Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roads
Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roa…
Transport and Infrastructure Cabinet Secretary James Macharia has announced plans by the government… read more...
Kenya Airways to Allow Travellers Reserve their Preferred Seats in Economy Class
Kenya Airways to Allow Travellers Reserve their Preferred Seats in Eco…
Passengers flying Kenya Airways' flights are now allowed to choose their preferred seats in Economy… read more...
12 Kenyan Enterprises Get Sh200 Million Google Funding
12 Kenyan Enterprises Get Sh200 Million Google Funding
12 Kenyan non-profit enterprises are set to receive Sh200 million grant funding from Google. The 12… read more...
CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling
CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling
The Central Bank of Kenya (CBK) has refuted reports by the International Monetary Fund (IMF)… read more...
Deputy President William Ruto's Sh600 Million Beach Hotel in Mombasa Gets Clearance
Deputy President William Ruto's Sh600 Million Beach Hotel in Momb…
The National Environment Management Authority (Nema) has cleared Deputy President William Ruto's… read more...
Kenya at High Risk of Losing Key Assets to China over Debt, Global Ratings Firm Moody's Warns
Kenya at High Risk of Losing Key Assets to China over Debt, Global Rat…
Moody’s Investor Service has warned that Kenya could lose some of its key assets to China over… read more...
Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2017
Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2…
The United States sold military weapons worth Sh14.6 billion to Kenya in 2017. Latest data from the… read more...
Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway
Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway
The government spends more than Sh1.5 million daily to maintain Thika Superhighway, records from… read more...
Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Expensive Road Ever
Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Exp…
A new report compiled by the Kenya National Highways Authority (KeNHA) has named some of the most… read more...
Uber Launches Boda-Boda Service for Commuters in Nairobi
Uber Launches Boda-Boda Service for Commuters in Nairobi
Uber has launched a Boda-Boda service that will allow commuters in Nairobi to hail motorbikes using… read more...
Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarked for Auction by KRA
Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarke…
The Kenya Revenue Authority (KRA) says it will auction 568 cars that have overstayed at the port of… read more...
Construction of Sh59 Billion Overpass from JKIA Set to Begin
Construction of Sh59 Billion Overpass from JKIA Set to Begin
Transport and Infrastructure Cabinet Secretary James Macharia says the planned construction of an… read more...
Moi International Airport to Undergo Sh7 Billion Facelift
Moi International Airport to Undergo Sh7 Billion Facelift
Moi International Airport (MIA) in Mombasa is set to undergo a major upgrade at a cost of Sh7… read more...
KRA Misses Tax Collection Target by Sh60 Billion
KRA Misses Tax Collection Target by Sh60 Billion
The Kenya Revenue Authority (KRA) has once again failed to meet its tax collection target in the… read more...
Nairobi Ranked Africa's Most Expensive City to Live in
Nairobi Ranked Africa's Most Expensive City to Live in
A newly released survey report has ranked Nairobi as the most expensive city to live in the… read more...
Uber Mulls Launching Minibus Service in Nairobi
Uber Mulls Launching Minibus Service in Nairobi
Uber is planning to launch minibus service targeting congested estates in Nairobi. Uber’s East… read more...
Kenya Airways Reduces Number of Direct Flights on the Newly-Launched Nairobi-New York Route
Kenya Airways Reduces Number of Direct Flights on the Newly-Launched N…
Kenya Airways has reportedly reduced the number of flights flying directly on the newly launched… read more...
Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Billion
Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Bill…
The cost of printing new-look Kenya currency has gone up by 50 percent to Sh15 billion from the… read more...
Telkom Kenya Names Mugo Kibati as Its New CEO
Telkom Kenya Names Mugo Kibati as Its New CEO
Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO). Kibati takes over… read more...
Kenya Airways to Launch Flights to Other US Destinations including Atlanta and Washington, DC
Kenya Airways to Launch Flights to Other US Destinations including Atl…
Kenya Airways plans to launch flights to other destinations in the United States including Atlanta… read more...
Africa's Richest Man Aliko Dangote to Buy Kenyan Company
Africa's Richest Man Aliko Dangote to Buy Kenyan Company
Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company. Speaking… read more...
MPesa Users to Make Transactions through Western Union in New Deal
MPesa Users to Make Transactions through Western Union in New Deal
Safaricom has signed a payments deal with United States financial services company Western Union.… read more...
Immigration's Among Several Kenya Gov't Websites Shutdown By Microsoft
Immigration's Among Several Kenya Gov't Websites Shutdown By…
Kenya's Immigration Department's website (www.immigration.go.ke) is among several government… read more...
BBC Launches Africa Headquarters in Nairobi
BBC Launches Africa Headquarters in Nairobi
British Broadcasting Corporation (BBC) has officially launched its East African Bureau in Nairobi.… read more...
Safaricom to Launch an Overdraft Facility for Mpesa Users
Safaricom to Launch an Overdraft Facility for Mpesa Users
Kenya's leading mobile service provider Safaricom is set to launch an overdraft facility for its… read more...
Safaricom Announces Sh31.5 Billion Half Year Profit
Safaricom Announces Sh31.5 Billion Half Year Profit
Safaricom has announced a Sh31.5  billion net profit in the half-year ending September 30th, 2018.… read more...
President Uhuru Administration to Sell 26 State-owned Companies
President Uhuru Administration to Sell 26 State-owned Companies
President Kenyatta's administration is set to sell 26 state-owned companies in order to raise funds… read more...
Kenyan Gov't Suspends Ban Imposed on Chinese Fish
Kenyan Gov't Suspends Ban Imposed on Chinese Fish
The government has suspended the ban imposed on the importation of Chinese fish into the country.… read more...