BUSINESS NEWS

Kenya Airways Sells Out Tickets for its Maiden Direct Flight to the US, One Week Ahead of Official Launch
Kenya Airways Sells Out Tickets for its Maiden Direct Flight to the US…
Kenya Airways has sold out tickets for its maiden direct flight to the United States one week to… read more...
President Uhuru Returns to China Next Month to Secure Market for Kenyan Products
President Uhuru Returns to China Next Month to Secure Market for Kenya…
President Kenyatta is next month expected to travel to China to secure market for Kenyan products.… read more...
Kenya's Public Debt to Rise to Sh7 Trillion By the End of President Uhuru's Tenure
Kenya's Public Debt to Rise to Sh7 Trillion By the End of Preside…
Kenya's public debt is expected to rise to Sh5.6 trillion by June, 2019 and Sh7 trillion by the… read more...
Depositors to Earn Reduced Interests from Kenyan Banks after Scrapping of Deposit Floor
Depositors to Earn Reduced Interests from Kenyan Banks after Scrapping…
Depositors will soon begin feeling the pinch following the scrapping of deposit floor by Finance… read more...
Safaricom Announces Increased Charges on Voice Calls, SMS, Data
Safaricom Announces Increased Charges on Voice Calls, SMS, Data
Safaricom has announced it will from midnight, Wednesday increase the prices of voice calls, SMS… read more...
'Embarassed' President Kenyatta Refuses to Read Written Speech at an Event in Nairobi
'Embarassed' President Kenyatta Refuses to Read Written Spee…
President Kenyatta was on Tuesday forced to discard a written speech he had prepared to read during… read more...
Nakumatt Shuts Down Nairobi's Mega Branch after 27 Years of Operation
Nakumatt Shuts Down Nairobi's Mega Branch after 27 Years of Opera…
Cash-strapped former Kenyan giant retail chain Nakumatt has announced the closure of one of its… read more...
New Buses for Nairobi's BRT System Unveiled
New Buses for Nairobi's BRT System Unveiled
Planned Nairobi's Bus Rapid Transit (BRT) system has received a major boost after Isuzu East Africa… read more...
Kenyans Transact Sh1.5 Trillion in 90 Days through Mpesa
Kenyans Transact Sh1.5 Trillion in 90 Days through Mpesa
Kenyans transacted a staggering Sh1.9 billion through mobile money platforms within a period of… read more...
President Kenyatta to Launch Kenya Airways' Maiden Nonstop Flight to the US Next Week
President Kenyatta to Launch Kenya Airways' Maiden Nonstop Flight…
President Kenyatta is next week expected to preside over the launch of Kenya Airways' inaugural… read more...
Forbes Ranks Safaricom as Africa's Best Employer, 67th Globally
Forbes Ranks Safaricom as Africa's Best Employer, 67th Globally
Kenya's giant telecommunications firm Safaricom has been ranked the 67th best employer in the world… read more...
Safaricom Announces Lucrative Cash Prizes for Ethical Hackers
Safaricom Announces Lucrative Cash Prizes for Ethical Hackers
Safaricom has announced cash prizes for ethical hackers who responsibly unearth bugs or… read more...
Kenyan Banks, Saccos Receive Nod to Blacklist Guarantors for Defaulted Loans
Kenyan Banks, Saccos Receive Nod to Blacklist Guarantors for Defaulted…
The High Court has given a nod to banks, Saccos and other lenders to blacklist guarantors with… read more...
Kenya Ranked Africa's 5th Richest Country
Kenya Ranked Africa's 5th Richest Country
A newly released report on wealth has ranked Kenya the fifth wealthiest country in Africa. The… read more...
Corrupt Kenyans Stash $49 Billion in Foreign Accounts
Corrupt Kenyans Stash $49 Billion in Foreign Accounts
Kenya has been ranked second globally in the amount of cash stashed in tax havens relative to the… read more...
US Tax Consultancy Company Andersen Officially Enters Kenyan Market
US Tax Consultancy Company Andersen Officially Enters Kenyan Market
Renowned United States tax consultancy firm Andersen Global has officially entered Kenyan market… read more...
Kenya to Acquire Sh25 Billion Military Choppers from the US amid Calls for Austerity
Kenya to Acquire Sh25 Billion Military Choppers from the US amid Calls…
Kenya is set to purchase 12 new military helicopters from the United States in a move that will… read more...
Amazon to Raise Minimum Wage for US Workers to $15 an Hour
Amazon to Raise Minimum Wage for US Workers to $15 an Hour
Amazon has announced it will increase the minimum wage for its United States employees to $15 an… read more...
Kenyans to Send Cash Across Networks as Safaricom, Airtel and Telkom Link Mobile Money Platforms
Kenyans to Send Cash Across Networks as Safaricom, Airtel and Telkom L…
The three leading telecommunications companies in Kenya - Safaricom, Airtel and Telkom - have… read more...
US Global Hotel Chain Hyatt to Launch Two Facilities in Nairobi
US Global Hotel Chain Hyatt to Launch Two Facilities in Nairobi
US hotel chain Hyatt has announced it will be opening its first branded hotels in Nairobi after… read more...
Kenyan Banks Begin Implementing 20 Percent Increase on Transaction Fees
Kenyan Banks Begin Implementing 20 Percent Increase on Transaction Fee…
Kenyan banks have began implementing the increased taxes imposed on cash transactions through the… read more...
Kenya's Public Debt to Stand at Sh7 Trillion at the End of President Kenyatta's Term
Kenya's Public Debt to Stand at Sh7 Trillion at the End of Presid…
Kenya's public debt will hit Sh7 trillion by the time President Kenyatta leaves office in 2022,… read more...
Six Kenyans to Receive Millions of Shillings from Facebook
Six Kenyans to Receive Millions of Shillings from Facebook
Six Kenyans are among individuals from across the world who are set to receive millions of… read more...
More Than 7,000 Travelers Book Kenya Airways' Nonstop Flights to the US Ahead of October 28th Debut
More Than 7,000 Travelers Book Kenya Airways' Nonstop Flights to…
Kenya Airways (KQ) has announced that more than 7,000 passengers have booked the airline's nonstop… read more...
Gov't Defends Sh900 Million Per Kilometer Nairobi-Mombasa Superhighway to be Built by US Company
Gov't Defends Sh900 Million Per Kilometer Nairobi-Mombasa Superhi…
Transport and Infrastructure Cabinet Secretary James Macharia has defended the cost of the 466-… read more...
Uber Launches Tuk Tuk Rides in Mombasa
Uber Launches Tuk Tuk Rides in Mombasa
Taxi hailing app Uber has unveiled uberPOA, a new feature that provides Tuk Tuk rides for customers… read more...
Kenyan Shilling to Remain Firm against the US Dollar, Supported by Diaspora Inflows after IMF Fallout
Kenyan Shilling to Remain Firm against the US Dollar, Supported by Dia…
The Kenyan shilling is expected to remain firm against the United States dollar amidst country's… read more...
Equity Bank Names Former Nairobi Deputy Governor Polycarp Igathe Managing Director
Equity Bank Names Former Nairobi Deputy Governor Polycarp Igathe Manag…
Equity Bank has named former Nairobi Deputy Governor Polycarp Igathe as its new Managing Director.… read more...
President Uhuru Proposes 60 Percent Increase in Tax Imposed on M-Pesa Cash Transactions
President Uhuru Proposes 60 Percent Increase in Tax Imposed on M-Pesa…
President Uhuru Kenyatta has proposed increased taxes on mobile cash transactions in his memorandum… read more...
Kenya Ranked Africa's Fifth Richest Country with a Total Wealth of Sh10 Trillion
Kenya Ranked Africa's Fifth Richest Country with a Total Wealth o…
A newly released report has ranked Kenya as the fifth richest country in Africa. The Africa 2018… read more...