BUSINESS NEWS

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...
SportPesa Protests Government’s Gagging
SportPesa Protests Government’s Gagging
Giant Kenyan betting company SportPesa has protested the latest move by the government that has… read more...
Gov't Gives Kenyan Gamblers 48 Hours to Withdraw Funds from Betting Companies' Wallets
Gov't Gives Kenyan Gamblers 48 Hours to Withdraw Funds from Betti…
The government has given millions of sports’ gamblers in Kenya 48 hours to withdraw funds deposited… read more...
Late Kenyan Billionaire Njenga Karume’s Jacaranda Hotel Put on Auction over Sh257 Million Debt
Late Kenyan Billionaire Njenga Karume’s Jacaranda Hotel Put on Auction…
The late Kenyan billionaire Njenga Karume’s Jacaranda Hotel in Nairobi's Westlands area is set to… read more...
US Lender in Court Battle with Kenyan Sacco over Sh36 Million Loan
US Lender in Court Battle with Kenyan Sacco over Sh36 Million Loan
A US investment company filed a lawsuit against a Kenyan farmers' co-operative society over failure… read more...
US Coffeehouse Chain Starbucks Speaks Out on Opening Shop in Nairobi
US Coffeehouse Chain Starbucks Speaks Out on Opening Shop in Nairobi
US coffeehouse chain Starbucks has refuted reports appearing in a section of local media claiming… read more...
Michael Joseph Defends His Appointment as Safaricom Interim CEO
Michael Joseph Defends His Appointment as Safaricom Interim CEO
Safaricom interim CEO Michael Joseph has defended the decision by the company's board to appoint… read more...
Safaricom to Close All Shops Countrywide in Honor of Late CEO Bob Collymore
Safaricom to Close All Shops Countrywide in Honor of Late CEO Bob Coll…
Safaricom has announced that all shops across the country will close for four hours on Thursday in… read more...
Martha Karua Faults Appointment of Michael Joseph as Safaricom Interim CEO
Martha Karua Faults Appointment of Michael Joseph as Safaricom Interim…
Kenyan politician Martha Karua has criticized the appointment of Michael Joseph as Safaricom's… read more...
Safaricom Apologizes after Erroneously Sending ‘Threatening’ Message to Subscribers
Safaricom Apologizes after Erroneously Sending ‘Threatening’ Message t…
Safaricom has apologized to its subscribers after erroneously sending a threatening message on… read more...
1.3 Million Kenyans Risk Huge Fines for Failing to File Tax Returns before Sunday Deadline
1.3 Million Kenyans Risk Huge Fines for Failing to File Tax Returns be…
More than one million Kenyans are yet to file their tax returns with Kenya Revenue Authority (KRA)… read more...
Kenyan Businessman Files Sh115 Trillion Lawsuit against Safaricom
Kenyan Businessman Files Sh115 Trillion Lawsuit against Safaricom
Kenyan businessman Benedict Kabugi Ndung’u has filed a lawsuit against telecommunications company… read more...
 Username Investments CEO Receives the Prestigious 2019 African Business Personality Award
Username Investments CEO Receives the Prestigious 2019 African Busine…
Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business… read more...