BUSINESS NEWS

MPs Reject Proposal to End Cheap Loans for Kenyans
MPs Reject Proposal to End Cheap Loans for Kenyans
Members of the National Assembly Finance and National Planning Committee have rejected a proposal… read more...
New Premier Kenyan Business and Events Platform Launched
New Premier Kenyan Business and Events Platform Launched
New premier Kenyan business platform called NaiGate launched to create market access for businesses… read more...
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways Drops Bid to Takeover JKIA Operations
Kenya Airways (KQ) says it has formally withdrawn its Privately Initiated Investment Proposal (PIIP… read more...
SportPesa Set to Resume Operations After KRA Clearance
SportPesa Set to Resume Operations After KRA Clearance
Giant betting company SportPesa has announced it will resume operations soon after it was cleared… read more...
 Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the Telco
Interim Safaricom CEO Michael Joseph Hints at Prolonged Stay at the T…
Acting Safaricom CEO Michael Joseph hinted at an extended stay at the helm of the giant… read more...
Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019
Kenya Airways Posts Sh8.6 Billion Loss in the First Half of 2019
Kenya Airways (KQ) recorded a pretax loss of Sh8.56 billion in the half-year ended June 30th, 2019… read more...
Uhuru Roots for Total Ban on Gambling in Kenya
Uhuru Roots for Total Ban on Gambling in Kenya
President Kenyatta on Saturday threw his weight behind the proposal to totally ban gambling in… read more...
Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Port
Uhuru to Flag Off Inaugural Shipment of Kenyan Crude Oil at Mombasa Po…
President Kenyatta is on Monday slated to flag off the shipment of Kenya’s maiden consignment of… read more...
Google Warns Kenya over Digital Tax Push
Google Warns Kenya over Digital Tax Push
US technology company, Google has warned that Kenya’s plan to impose tax on digital transactions… read more...
Keroche Breweries CEO Tabitha Karanja, Husband Arrested
Keroche Breweries CEO Tabitha Karanja, Husband Arrested
Keroche Breweries Limited CEO Tabitha Karanja was on Thursday evening arrested over allegations of… read more...
Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Using Old Sh1,000 Notes Nears
Kenyans Return Sh25 Billion to Banks in One Month as Deadline for Usin…
Kenyans returned at least Sh25 billion to banks following Central Bank of Kenya’s move to phase out… read more...
Kenya Airways to Pay British Company Sh25 Million to Probe Collision of Two Jets at JKIA
Kenya Airways to Pay British Company Sh25 Million to Probe Collision o…
National carrier Kenya Airways (KQ) has contracted a British aviation company to investigate an… read more...
Kenya Gov’t Targets YouTube, Netflix with Taxes
Kenya Gov’t Targets YouTube, Netflix with Taxes
The government is working on a policy that will be used to tax online streaming services such as… read more...
Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billion
Chinese Company Buys Kenya’s First Batch of Crude Oil for Sh1.2 Billio…
Two weeks after President Kenyatta announced that Kenya had joined the league of oil-exporting… read more...
Kenyan Tycoon Humphrey Kariuki Steps Down from His Group of Companies over Sh41B Tax Evasion Case
Kenyan Tycoon Humphrey Kariuki Steps Down from His Group of Companies…
Embattled Kenyan tycoon Humphrey Kariuki on Tuesday stepped down as the Chairman of his group of… read more...
Revealed: Cost of Nairobi-Mombasa Expressway by US Company Allegedly Inflated by 66.7%
Revealed: Cost of Nairobi-Mombasa Expressway by US Company Allegedly I…
Reports have emerged that building of the planned multi-billion-shilling Nairobi-Mombasa expressway… read more...
US Marijuana Company Bangi Inc. Seeks Listing on Nairobi Securities Exchange
US Marijuana Company Bangi Inc. Seeks Listing on Nairobi Securities Ex…
A United States marijuana company is seeking to be listed on the Nairobi Securities Exchange (NSE… read more...
Kenya’s East Africa Portland Cement Lays Off All 2,000 Workers
Kenya’s East Africa Portland Cement Lays Off All 2,000 Workers
All the 2,000 people working at Kenya’s East African Portland Cement (EAPCC) have been laid off.… read more...
Username Investments CEO Set to Receive the Prestigious 2019 African Business Personality Award
Username Investments CEO Set to Receive the Prestigious 2019 African B…
Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business… read more...
Microsoft Poaches Kenya’s Jack Ngare from Equity Bank to Head Nairobi Facility
Microsoft Poaches Kenya’s Jack Ngare from Equity Bank to Head Nairobi…
Microsoft has appointed Jack Ngare as the first Managing Director of its newly launched Africa… read more...
Kenyan Tycoon Chris Kirubi Pockets Additional Sh200 Million from BIC Sale Deal
Kenyan Tycoon Chris Kirubi Pockets Additional Sh200 Million from BIC S…
Kenyan billionaire businessman Chris Kirubi has pocketed an extra $2 million (about Ksh.200 million… read more...
Job Losses Loom as Gov’t Orders All Cargo Ferried via SGR
Job Losses Loom as Gov’t Orders All Cargo Ferried via SGR
The government has issued a new directive requiring all imported cargo at Mombasa port be ferried… read more...
Equity Bank Managing Director Polycarp Igathe Lands New Appointment at Vivo Energy
Equity Bank Managing Director Polycarp Igathe Lands New Appointment at…
Equity Bank Managing Director Polycarp Igathe is set to leave the lender at the end of this month,… read more...
Kenya Joins League of Oil-Exporting Countries, Earns Sh1.2 Billion from Inaugural Oil Sale
Kenya Joins League of Oil-Exporting Countries, Earns Sh1.2 Billion fro…
Kenya on Thursday sold 200,000 barrels of crude oil, becoming the latest nation to join the league… read more...
Nairobi’s DusitD2 Hotel Reopens After January Terror Attack
Nairobi’s DusitD2 Hotel Reopens After January Terror Attack
Nairobi’s DusitD2 Hotel was on Wednesday reopened six months after it was closed following a terror… read more...
Safaricom Succession: Gov’t Promises to Keep Off Process of Picking Bob Collymore’s Successor
Safaricom Succession: Gov’t Promises to Keep Off Process of Picking Bo…
The government will not meddle in Safaricom’s process of picking its new chief executive following… read more...
Kenya Airways Set to Become a State Company
Kenya Airways Set to Become a State Company
Kenya Airways is set to become a State corporation after MPs on Tuesday unanimously approved a… read more...
Sh100 Billion: Investigative Report Reveals SportPesa’s 2018 Profit
Sh100 Billion: Investigative Report Reveals SportPesa’s 2018 Profit
A new report by a global financial investigative magazine shows that Kenya’s giant betting company… read more...
Naivas Supermarket Suspends Sale of Red Meat in its Outlets Countrywide
Naivas Supermarket Suspends Sale of Red Meat in its Outlets Countrywid…
Kenyan supermarket chain, Naivas has suspended the sale of red meat in its outlets across the… read more...
Kenya Railways Embroiled in Battle for Control of SGR Billions with Chinese Operator
Kenya Railways Embroiled in Battle for Control of SGR Billions with Ch…
Kenya Railways Corporation (KRC) is embroiled in a battle for control of Standard Gauge Railway (… read more...