BUSINESS NEWS

KEBS Disputes Interior CS Fred Matiang'i Claims of Traces of Mercury in Impounded Contraband Sugar
KEBS Disputes Interior CS Fred Matiang'i Claims of Traces of Merc…
Kenya Bureau of Standards (KEBS) has denied reports that traces of mercury and copper were found in… read more...
Nakumatt CEO Atul Shah Accused of Stealing Sh18 Billion Worth of Stock
Nakumatt CEO Atul Shah Accused of Stealing Sh18 Billion Worth of Stock
The path to recovery of the embattled retail chain Nakumatt has taken a new twist after the court’s… read more...
US Under Secretary for Trade Gil Kaplan to Lead Delegation of Investors to Kenya
US Under Secretary for Trade Gil Kaplan to Lead Delegation of Investor…
US Under Secretary for International Trade Gil Kaplan is set to lead a delegation of American… read more...
Safaricom Opposes Gov't Plan to Increase Tax on Mobile Cash Transfer to 12 Percent
Safaricom Opposes Gov't Plan to Increase Tax on Mobile Cash Trans…
Kenya telecommunication giant Safaricom has opposed tax increase on mobile money transfer proposed… read more...
Equity Bank to Launch More Special Branches for Rich Kenyans Depositing a Minimum of Sh200,000
Equity Bank to Launch More Special Branches for Rich Kenyans Depositin…
Equity Bank is set to launch new high-class branches targeting rich Kenyans depositing a minimum of… read more...
MPs Vow to Shoot Down Govt's Plan to End Cheap Loans for Kenyans
MPs Vow to Shoot Down Govt's Plan to End Cheap Loans for Kenyans
A section of Members of Parliament have vowed to shoot down plans by the National Treasury to… read more...
Gov't Extends Amnesty Period for Rich Kenyans with Billions Hidden in Foreign Accounts
Gov't Extends Amnesty Period for Rich Kenyans with Billions Hidde…
The government has reassured rich Kenyans who have hidden their cash and assets abroad that they… read more...
Winners and Losers of Kenya’s Sh3.07 Trillion 2018/2019 Budget
Winners and Losers of Kenya’s Sh3.07 Trillion 2018/2019 Budget
There were winners and losers in the Sh3.07 trillion 2018/2019 financial year budget unveiled by… read more...
Kenya's Public Debt Hits Sh5 Trillion Mark as Appetite for Borrowing Grows
Kenya's Public Debt Hits Sh5 Trillion Mark as Appetite for Borrow…
Kenya’s public debt has hit Sh5 trillion mark for the first time, raising questions over the… read more...
No More Cheap Loans for Kenyans as Gov't Moves to Repeal Interest Rate Cap Law
No More Cheap Loans for Kenyans as Gov't Moves to Repeal Interest…
Treasury Cabinet Secretary Henry Rotich has announced the state will revise the interest rates… read more...
Kenyan Gov't to Impose Increased Taxes on Mobile, Bank Cash Transfers
Kenyan Gov't to Impose Increased Taxes on Mobile, Bank Cash Trans…
The government is set to impose increased taxes in mobile money service in the coming financial… read more...
Highlights Of The 2018/2019 Budget
Highlights Of The 2018/2019 Budget
Treasury Cabinet Secretary Henry Rotich has indicated that Kenya will spend approximately Ksh2.55… read more...
Kenya to Unveil a Record Sh3.07 Trillion 2018/2019 Budget
Kenya to Unveil a Record Sh3.07 Trillion 2018/2019 Budget
Kenya is set to unveil an all-time high budget of Sh3.07 trillion for the 2018/19 financial year to… read more...
Kenyan Gov't Sets Aside Sh1 Billion for Cuban Doctors
Kenyan Gov't Sets Aside Sh1 Billion for Cuban Doctors
The National Treasury has set aside Sh1 billion to cater for wages and other allowances for the 100… read more...
Millions of Kenyans Consuming Poisonous Sugar
Millions of Kenyans Consuming Poisonous Sugar
The government says millions of Kenyans are consuming poisonous sugar which is being sold in… read more...
Kenyans Rush to File Tax Returns Ahead of June 30th Deadline
Kenyans Rush to File Tax Returns Ahead of June 30th Deadline
About 1.3 million Kenyans have filed their tax returns three weeks to the June 30th deadline,… read more...
East African Community to Launch Common Currency
East African Community to Launch Common Currency
Citizens from the six East African countries are soon set to transact their businesses using a… read more...
Equity Group Billionaire Founder Peter Munga Retires after 35-Year Stint
Equity Group Billionaire Founder Peter Munga Retires after 35-Year Sti…
Equity Group founder and Chairman Peter Munga is set to leave the bank after more than 30 years of… read more...
Kenya Airways Introduces Direct Flights to South Africa
Kenya Airways Introduces Direct Flights to South Africa
Kenya Airways has launched three direct flights to Cape Town, South Africa every week. The non-stop… read more...
Nairobi MCAs Question How Sh297 Million was Wired into Australia's Maryland University Account
Nairobi MCAs Question How Sh297 Million was Wired into Australia'…
Nairobi County Government finance department is on the spot after it was established that Sh297… read more...
Wealthy Kenyans With Billions Hidden in Offshore Accounts Rush to File Returns Ahead of Amnesty Deadline
Wealthy Kenyans With Billions Hidden in Offshore Accounts Rush to File…
As June 30th deadline to file returns with Kenya Revenue Authority (KRA) fast closes in, a section… read more...
Kenya Pipeline Company Boss Joe Sang Denies Reports of Sh95 Billion Graft Scam
Kenya Pipeline Company Boss Joe Sang Denies Reports of Sh95 Billion Gr…
Kenya Pipeline Company (KPC) Managing Director Joe Sang has refuted claims that the institution… read more...
This is a Great Day, President Uhuru Says as He Flags Off Kenya's First Crude Oil Exports
This is a Great Day, President Uhuru Says as He Flags Off Kenya's…
President Kenyatta has officially flagged off the first consignment of crude oil destined for… read more...
NYS Scandal: 10 Commercial Banks Being Investigated for Illegal Transactions
NYS Scandal: 10 Commercial Banks Being Investigated for Illegal Transa…
Ten commercial banks suspected to have allowed transactions of huge amounts of cash in the Sh9… read more...
Kenya Ports Authority Managing Director Catherine Mturi-Wairi Fired
Kenya Ports Authority Managing Director Catherine Mturi-Wairi Fired
Kenya Ports Authority (KPA) Managing Director Catherine Mturi-Wairi has been sent home for… read more...
SGR Passenger Train Madaraka Express Nets Sh1 Billion in 12 Months
SGR Passenger Train Madaraka Express Nets Sh1 Billion in 12 Months
Standard Gauge Railway (SGR) passenger train, Madaraka Express, which was launched by President… read more...
Uber Rolls Out Food Delivery Service for Customers in Nairobi's Upmarket Estates
Uber Rolls Out Food Delivery Service for Customers in Nairobi's U…
Taxi hailing firm Uber has rolled out foods’ delivery services in Nairobi as the US-based company… read more...
Tycoon Chris Kirubi Pledges to Invest in Kisumu in Meeting with Raila
Tycoon Chris Kirubi Pledges to Invest in Kisumu in Meeting with Raila
Billionaire businessman Chris Kirubi has commended opposition leader Raila Odinga over his decision… read more...
Meet Gideon Muriuki, Kenya's Best Paid CEO at Sh30 Million Monthly Pay
Meet Gideon Muriuki, Kenya's Best Paid CEO at Sh30 Million Monthl…
Co-op Bank's Gideon Muriuki has emerged as the best paid Chief Executive Officer (CEO) among his… read more...
Kenyans Warned of Syndicate in Fake Smart Driving Licenses Scam
Kenyans Warned of Syndicate in Fake Smart Driving Licenses Scam
Kenyans have been warned of a syndicate that has been conning the public by issuing them with fake… read more...