BUSINESS NEWS

Sebastian Mikosz to Resign as Kenya Airways CEO
Sebastian Mikosz to Resign as Kenya Airways CEO
Kenya Airways CEO Sebastian Mikosz is set to step down from his position at the end of this year.… read more...
Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from British Company Vodafone
Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from Britis…
Safaricom and its parent company, Vodacom have revealed plans to acquire the intellectual property… read more...
CEO Bob Collymore to Extend His Stay at Safaricom
CEO Bob Collymore to Extend His Stay at Safaricom
Safaricom CEO Bob Collymore has announced he will extend his stay at the giant telecommunications… read more...
Google Cuts Business Ties with Phone Maker Huawei as US-China Trade War Heightens
Google Cuts Business Ties with Phone Maker Huawei as US-China Trade Wa…
Alphabet Inc’s Google has cut business ties with Chinese phone manufacturer Huawei in what could be… read more...
Kenya Bans Importation of Used Car Spare Parts
Kenya Bans Importation of Used Car Spare Parts
The Kenya Bureau of Standards (Kebs) has banned the importation of used car spare parts into the… read more...
Windows, Old Android Smartphone Owners will No Longer Access WhatsApp
Windows, Old Android Smartphone Owners will No Longer Access WhatsApp
Individuals using smartphones running on Windows operating systems will not be able to access the… read more...
Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow in the US, UK
Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow i…
Kenya has issued a new Eurobond worth Sh210 billion ($2.1 billion), the country's third in a period… read more...
South Africa Leapfrogs the US to Become Kenya's Second Largest Foreign Investor
South Africa Leapfrogs the US to Become Kenya's Second Largest Fo…
South Africa has overtaken the United States to become Kenya's second largest foreign investor.… read more...
Central Bank of Kenya Accused of Overvaluing Kenya Shilling by 30 Percent
Central Bank of Kenya Accused of Overvaluing Kenya Shilling by 30 Perc…
Central Bank of Kenya (CBK) has been accused of manipulating the shilling and overvaluing it by up… read more...
Safaricom Posts a Record Sh63.4 Billion Profit Buoyed by Mpesa Earnings
Safaricom Posts a Record Sh63.4 Billion Profit Buoyed by Mpesa Earning…
Kenya's giant telecommunications company Safaricom has announced a record profit of Sh63.4 billion… read more...
Safaricom Speaks Out on CEO Bob Collymore's Departure
Safaricom Speaks Out on CEO Bob Collymore's Departure
Safaricom has appeared to confirm reports of CEO Bob Collymore's departure from the company. On… read more...
Kenya Airways Announces Sh7.6 Billion Loss
Kenya Airways Announces Sh7.6 Billion Loss
National airline Kenya Airways has announced a net loss of Sh7.6 billion for the year ending… read more...
Safaricom CEO Bob Collymore to Exit the Company After 9-Year Reign
Safaricom CEO Bob Collymore to Exit the Company After 9-Year Reign
Safaricom CEO Bob Collymore is reportedly set to leave the telecommunications company before the… read more...
Former Kenya Airways CEO Titus Naikuni Lands Plum Job in South Africa
Former Kenya Airways CEO Titus Naikuni Lands Plum Job in South Africa
Former Kenya Airways Chief Executive Officer Titus Naikuni has been appointed as Tata Chemicals'… read more...
Cabinet Approves Construction of Sh60 Billion Flyover Linking JKIA to Nairobi CBD
Cabinet Approves Construction of Sh60 Billion Flyover Linking JKIA to…
The cabinet has approved a plan to construct an expressway linking Jomo Kenyatta International… read more...
Kenya Airways Activates Codeshare with Delta Airlines
Kenya Airways Activates Codeshare with Delta Airlines
Kenya Airways has activated its codeshare agreement with Delta Airlines, paving the way for… read more...
Peter Munga to Receive Sh50 Million Thank You Token from Equity Bank
Peter Munga to Receive Sh50 Million Thank You Token from Equity Bank
Outgoing Equity bank Chairman Peter Munga,76, is set to pocket Sh50 million as a thank you token… read more...
US IT Company Cisco Launches Incubation Hub in Nairobi
US IT Company Cisco Launches Incubation Hub in Nairobi
United States IT firm, Cisco has launched a Sh69 million incubation hub in Nairobi. In a statement… read more...
Foreign Currency Deposits in Kenyan Banks Hit Sh581 Billion Driven by Diaspora Remittances
Foreign Currency Deposits in Kenyan Banks Hit Sh581 Billion Driven by…
Foreign currency deposits in Kenyan banks hit Sh581.9 billion in 2018, the latest data from the… read more...
Kenya Targets US Investors in New Sh250 Billion Eurobond Issue
Kenya Targets US Investors in New Sh250 Billion Eurobond Issue
The Kenyan government has revealed plans to acquire a third Eurobond worth Sh250 billion. National… read more...
US Think Tanks Sounds Warning to Kenya over Chinese Loans
US Think Tanks Sounds Warning to Kenya over Chinese Loans
A US Defence Department think tank has sounded a warning to Kenya and other African countries over… read more...
Bank Moves to Auction Several Uber Chap Chaps over Defaulted Loans
Bank Moves to Auction Several Uber Chap Chaps over Defaulted Loans
Kenya's Stanbic Bank has moved to auction several vehicles contracted by global mobile taxi hailing… read more...
James Mwangi to Pocket Sh416 Million in Dividend from Equity Bank
James Mwangi to Pocket Sh416 Million in Dividend from Equity Bank
Equity Bank CEO James Mwangi is set to pocket Sh416 million in dividend after the institution… read more...
Equity Bank Announces Sh19.8 Billion Profit
Equity Bank Announces Sh19.8 Billion Profit
Equity Bank has announced a profit of Sh19.8 billion for the year ending December, 2018. The lender… read more...
Kenyan Billionaire Businessman Chris Kirubi Pockets Sh700 Million in BIC Sale Deal
Kenyan Billionaire Businessman Chris Kirubi Pockets Sh700 Million in B…
Kenyan business mogul Chris Kirubi pocketed €6.3 million (Sh714 million) from the recent sale of… read more...
Kenya Signs Deal for Construction of Nairobi CBD-JKIA Railway Line with France
Kenya Signs Deal for Construction of Nairobi CBD-JKIA Railway Line wit…
President Kenyatta and his French counterpart Emmanuel Macron have announced several public-private… read more...
Kenya Airways Suffers Sh300 Million Loss After Wednesday Workers Strike
Kenya Airways Suffers Sh300 Million Loss After Wednesday Workers Strik…
Kenya Airways (KQ) says it suffered losses amounting to Sh300 million following aviation workers'… read more...
US TV Star Kylie Jenner, 21, Named World's Youngest Self-Made Billionaire of All Time
US TV Star Kylie Jenner, 21, Named World's Youngest Self-Made Bil…
American television star and makeup guru Kylie Jenner has been named world's youngest billionaire.… read more...
Kirinyaga Governor Anne Waiguri Signs Deal to Set Up a Coffee Shop in New York
Kirinyaga Governor Anne Waiguri Signs Deal to Set Up a Coffee Shop in…
Kirinyaga Governor Anne Waiguru has signed a deal with an American firm to set up of a coffee shop… read more...
Amazon's New PayCode Service Allows Kenyan Shoppers to Pay for Goods in Cash
Amazon's New PayCode Service Allows Kenyan Shoppers to Pay for Go…
Amazon has launched a service that allows Kenyan shoppers to pay for goods in cash. Under the new… read more...