BUSINESS NEWS

Rwanda's New $1.3 Billion Airport to Dwarf JKIA
Rwanda's New $1.3 Billion Airport to Dwarf JKIA
Qatar Airways is set to take part in the redesign of Bugesera International Airport in Kigali… read more...
US-Based Company Varian Opens Cancer Center in Nairobi
US-Based Company Varian Opens Cancer Center in Nairobi
Varian, a US-based radiation oncology treatments and software maker has entered the Kenyan market.… read more...
BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses
BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses
The recently launched Building Bridges Initiative (BBI) report has proposed tax exemptions for… read more...
KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats
KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats
Kenya Revenue Authority (KRA) has been allocated an additional Sh2 billion to hire 1,000… read more...
79,982: The Number of Kenyans Earning over Sh100,000 Per Month
79,982: The Number of Kenyans Earning over Sh100,000 Per Month
A new report by the Kenya National Bureau of Statistics (KNBS) shows that only 79,982 employed… read more...
Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos
Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos
Microsoft co-founder Bill Gates on Friday reclaimed his world's richest person title from his… read more...
Gov’t to Buyout Troubled Kenya Airways
Gov’t to Buyout Troubled Kenya Airways
The national government is set to buyout the loss-making Kenya Airways (KQ). This was revealed by… read more...
Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph Says
Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph S…
Kenya Airways needs at least Sh45 billion to return to profitability, the airline’s Chairman… read more...
Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market
Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market
Kenyan poultry farmers and traders have lamented the influx of imported products from the United… read more...
US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ Direct Flights
US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ…
The United States has maintained its place as Kenya’s top source of tourists, according to the… read more...
Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi During Meeting with Uhuru
Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi Duri…
President Kenyatta on Friday held a meeting with visiting executives of Amazon Web Services (AWS)… read more...
Mumias Sugar Company Fires All 700 Employees
Mumias Sugar Company Fires All 700 Employees
A month after being placed under receivership, Mumias Sugar Company has sent home all its employees… read more...
Uhuru’s Proposal to End Cheap Loans for Kenyans Sails through
Uhuru’s Proposal to End Cheap Loans for Kenyans Sails through
The National Assembly on Tuesday failed to overturn President Kenyatta’s recommendations on the… read more...
Kenyatta Family, Equity Bank CEO James Mwangi's Fortune Grow by Sh1 Billion Each in Two Weeks
Kenyatta Family, Equity Bank CEO James Mwangi's Fortune Grow by S…
President Kenyatta’s family, the family of former Central Bank governor Philip Ndegwa and Equity… read more...
Widow Wants Former Equity Bank CEO John Mwangi's Body Exhumed over Property Row
Widow Wants Former Equity Bank CEO John Mwangi's Body Exhumed ove…
Sarah Wanjiru, one of the widows of the late Equity Bank CEO John Mwangi Kagema has filed an… read more...
Kenya Airways Marks One Year since Launch of US Direct Flights, Flies 100,000 Passengers
Kenya Airways Marks One Year since Launch of US Direct Flights, Flies…
Kenya Airways (KQ) on Tuesday marked one year since it launched direct flights to the United States… read more...
Kenya's Second Batch of 500,000 Barrels of Crude Oil set for Shipment
Kenya's Second Batch of 500,000 Barrels of Crude Oil set for Ship…
The second batch of 500,000 barrels of crude oil is set to leave the country at the end of February… read more...
Top US Bank Goldman Sachs Acquires Sh2.4 Billion Stake in Kenya’s Twiga Foods
Top US Bank Goldman Sachs Acquires Sh2.4 Billion Stake in Kenya’s Twig…
Goldman Sachs, a leading US investment bank, has acquired a stake in Kenyan start-up Twiga Foods.… read more...
Vivo Energy Gets Gov’t Nod to Acquire KFC Restaurants in Kenya
Vivo Energy Gets Gov’t Nod to Acquire KFC Restaurants in Kenya
Vivo Energy has received the green light to acquire KUKU Foods which operates US fast-food chain… read more...
Russia President Putin Courts Kenya with Arms, Energy Deals in Meeting with Uhuru
Russia President Putin Courts Kenya with Arms, Energy Deals in Meeting…
Infrastructure, energy and military hardware are among the opportunities that Russian President… read more...
Who is Peter Ndegwa, the New Safaricom CEO?
Who is Peter Ndegwa, the New Safaricom CEO?
Peter Ndegwa was on Thursday appointed the new Safaricom Chief Executive Officer (CEO), becoming… read more...
Peter Ndegwa Appointed as New Safaricom CEO
Peter Ndegwa Appointed as New Safaricom CEO
Kenya’s leading telecommunications operator, Safaricom has appointed Peter Ndegwa as its new CEO.… read more...
Safaricom Introduces Non-Expiry Data, Voice and SMS Packages
Safaricom Introduces Non-Expiry Data, Voice and SMS Packages
As it marks its 19th anniversary, Safaricom has introduced non-expiry data, voice and SMS packages… read more...
Over 1,000 Kenyans to Lose Jobs as Finlays Announces Closure of Farms
Over 1,000 Kenyans to Lose Jobs as Finlays Announces Closure of Farms
Multinational flower company, Finlays has announced it will shut down two of its farms in Kenya by… read more...
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...