BUSINESS NEWS

Transit Passengers via JKIA Hit 800,000 in Two Months
Transit Passengers via JKIA Hit 800,000 in Two Months
Jomo Kenyatta International Airport (JKIA) has continued to cement its place as Africa's top… read more...
Construction of SGR Line between Naivasha and Kisumu to Cost Kenyans Sh380 Billion
Construction of SGR Line between Naivasha and Kisumu to Cost Kenyans S…
The construction of Standard Gauge Railway (SGR) line between Naivasha Kisumu will cost Kenyans… read more...
Multi-Billion Shilling High-End Office Block - 14 Riverside in Nairobi's Westlands Area to Be Demolished
Multi-Billion Shilling High-End Office Block - 14 Riverside in Nairobi…
The multi-billion shilling exclusive office block, 14 Riverside in Nairobi's Westlands area is set… read more...
Equity Group Announces Sh11 Billion Six-Month Profit
Equity Group Announces Sh11 Billion Six-Month Profit
Equity Group has posted Sh11 billion profit for the first six months of 2018, an increase by 18… read more...
Gov't Approves Construction of Sh4.1 Billion Cable Car in Mombasa
Gov't Approves Construction of Sh4.1 Billion Cable Car in Mombasa
The government has approved the construction of Sh4.1 billion cable car to ferry people between… read more...
Kenya Airways Strikes Code Sharing Deal with Delta Airlines
Kenya Airways Strikes Code Sharing Deal with Delta Airlines
Kenya Airways (KQ) has struck a code sharing partnership with Delta Airlines. Under the deal, Kenya… read more...
KICC Stares at Auctioning over Sh500 Million Debt
KICC Stares at Auctioning over Sh500 Million Debt
Kenyatta International Convention Centre (KICC), one of Kenya’s most popular conference facilities… read more...
Fight for Njenga Karume's Multi-Billion Shilling Empire Takes New Front
Fight for Njenga Karume's Multi-Billion Shilling Empire Takes New…
The scramble for former Cabinet Minister Njenga Karume's multi-billion shilling estate is set to… read more...
Nakumatt Founder Atul Shah Loses Sh125 Million after Demolition of Nairobi’s Ukay Mall
Nakumatt Founder Atul Shah Loses Sh125 Million after Demolition of Nai…
Nakumatt founder Atul Shah says he lost at least Sh125 million following the demolition of Ukay… read more...
East Africa's First Ever Full Electric Cab, Nopia Ride Launched in Nairobi
East Africa's First Ever Full Electric Cab, Nopia Ride Launched i…
Kenyans can now ride on electric-powered cars after EkoRent, a Finland company dealing in electric… read more...
Safaricom Pays CEO Bob Collymore Over Half a Million Shillings Per Day
Safaricom Pays CEO Bob Collymore Over Half a Million Shillings Per Day
Safaricom Chief Executive Officer (CEO) Bob Collymore pocketed about Sh540,000 per day in… read more...
US Firm Gets Authority to Acquire Telkom Kenya's 723 Telecommunication Towers
US Firm Gets Authority to Acquire Telkom Kenya's 723 Telecommunic…
American Tower Corporation (ATC) has received the go-ahead for acquisition of more than 700… read more...
New Email Scam Targets PayPal Users
New Email Scam Targets PayPal Users
A new email scam targeting PayPal users has hit the internet, leaving customers at risk of losing… read more...
Nairobi Governor Mike Sonko Shuts Down Chandarana Foodplus Outlets over Racism Claims
Nairobi Governor Mike Sonko Shuts Down Chandarana Foodplus Outlets ove…
Nairobi Governor Mike Sonko has ordered the cancellation of licenses for all Chandarana Foodplus… read more...
US Steps Up Investment in Kenya Amid Competition from China
US Steps Up Investment in Kenya Amid Competition from China
Investments in Kenya by the United States have increased in the past few months, entries in the… read more...
Reprieve for 50,000 Ekeza Sacco Members, including 5,000 in the Diaspora,  as License is Reinstated
Reprieve for 50,000 Ekeza Sacco Members, including 5,000 in the Diaspo…
Government has reinstated the operation license to Ekeza Sacco following a ban that lasted for four… read more...
Kenya Airways Acquires World's Fastest Passenger Jet
Kenya Airways Acquires World's Fastest Passenger Jet
Kenya Airways has acquired the 'world's fastest and most efficient' passenger jet, Embraer E190-E2… read more...
Nairobi Traders Protest Influx of Chinese Vendors in the City Center
Nairobi Traders Protest Influx of Chinese Vendors in the City Center
The influx of Chinese nationals into local businesses has infuriated Kenyan small traders and… read more...
Kenyan Tech Startup Bags Sh5 Million Prize in Visa Competition
Kenyan Tech Startup Bags Sh5 Million Prize in Visa Competition
Mookh Africa, a Kenyan online selling platform has bagged Sh5 million after becoming the overall… read more...
Kenya's Foreign Currency Deposits Cross Sh500 Billion Mark for the First Time
Kenya's Foreign Currency Deposits Cross Sh500 Billion Mark for th…
Kenya's foreign currency deposits in local banks has hit an all-time record of more than 500… read more...
Sh200 Million Stashed in Foreign Accounts By Kenyans Frozen
Sh200 Million Stashed in Foreign Accounts By Kenyans Frozen
Swiss authorities have reportedly frozen more than $2 million (Sh201 million) suspected to be… read more...
Trump Top Official Woos Kenya to Award Sh300 Billion Nairobi-Mombasa Expressway Contract to US Firm
Trump Top Official Woos Kenya to Award Sh300 Billion Nairobi-Mombasa E…
The head of the United States government agency that helps private businesses invest in developing… read more...
Kenyan Tech Start-Ups Battle for Visa Funding
Kenyan Tech Start-Ups Battle for Visa Funding
Four Kenyan tech start-ups are set to battle for Sh5 million funding from American multinational… read more...
Astral to Fly Kenya's First Cargo Drones
Astral to Fly Kenya's First Cargo Drones
Kenya-based cargo airline Astral Aviation is set to launch country's first cargo drones after… read more...
Kenya Airways Secures Parts, Services Deal with US Plane Manufacturer Boeing
Kenya Airways Secures Parts, Services Deal with US Plane Manufacturer…
Kenya Airways (KQ) has inked a deal with American aircraft manufacturer Boeing, making it the first… read more...
Trump Top Official in Kenya to Counter China Invasion
Trump Top Official in Kenya to Counter China Invasion
US top government officials are set to arrive in the country on Saturday for a tour aimed at… read more...
Court Suspends Implementation of Robin Hood Tax on Kenyans Transacting Over Sh500,000
Court Suspends Implementation of Robin Hood Tax on Kenyans Transacting…
The High Court has issued conservatory orders suspending the implementation of the excise duty on… read more...
Wealthy Kenyans Stash More Billions in Foreign Accounts
Wealthy Kenyans Stash More Billions in Foreign Accounts
The amount of cash stashed by wealthy Kenyans in foreign accounts increased in 2017 despite… read more...
Gov't Imposes Taxes on Employees' Allowances, Airtime
Gov't Imposes Taxes on Employees' Allowances, Airtime
The government is set to introduce taxation on airtime received by Kenyan workers from their… read more...
Kenyans Transact a Record Sh1.8 Trillion Via Mobile Cash in Three Months
Kenyans Transact a Record Sh1.8 Trillion Via Mobile Cash in Three Mont…
The Communications Authority of Kenya (CA) has revealed that Kenyans transacted a record Sh1.8… read more...