BUSINESS NEWS

Trump Informs US Congress of Plans to Commence Trade Talks with Kenya
Trump Informs US Congress of Plans to Commence Trade Talks with Kenya
The start of talks on a free trade agreement between Kenya and the United States is inching closer… read more...
Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By 12 Months
Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By…
Following the coronavirus outbreak, commercial banks operating in Kenya have agreed to prolong… read more...
Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below Sh1,000
Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below S…
Safaricom has waived all M-Pesa transaction charges for amounts below Sh1,000 in the wake of… read more...
KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9 Billion in Unpaid Taxes
KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9…
The tax dispute pitting Kenya Revenue Authority (KRA) against Keroche Breweries Limited has taken a… read more...
Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent
Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent
Kenyans who invested with Goldenscape Greenhouses fear they have lost their money after the… read more...
Optiven Foundation Partners with Fusion Capital to Fund Needy Students in 20 Counties
Optiven Foundation Partners with Fusion Capital to Fund Needy Students…
Optiven Foundation has today partnered with private equity firm Fusion Capital to empower over 8,… read more...
Central Bank of Kenya Moves to Buy $400 Million in US Currency
Central Bank of Kenya Moves to Buy $400 Million in US Currency
Central Bank of Kenya (CBK) has revealed plans to buy $400 million US dollar currency in a bid to… read more...
42 Kenyans Are Worth over $30 Million, Says Report
42 Kenyans Are Worth over $30 Million, Says Report
There are 42 Kenyans with a net worth of over $30 million (Sh3 billion), according to the 2020… read more...
Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain
Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain
Kenya has inked a deal for the acquisition of 15 second-hand commuter trains from Spain for about… read more...
US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi Shop
US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi…
Barely five months after entering into the Kenyan market, US company Corteva Agriscience has closed… read more...
Kenya Earns Sh51.85 Billion from Exports to the US
Kenya Earns Sh51.85 Billion from Exports to the US
Kenya earned Sh51.85 billion from exports to the United States in 2019, according to data by the… read more...
Allan Kilavuka Named as New Kenya Airways CEO
Allan Kilavuka Named as New Kenya Airways CEO
Jambojet CEO Allan Kilavuka has been confirmed as the new Chief Executive Officer of Kenya Airways… read more...
Kenya Lifts Ban on Wheat Imports from the US
Kenya Lifts Ban on Wheat Imports from the US
After a 12-year ban, Kenya has opened doors for wheat imports from three US states. In a statement… read more...
Kenyan Companies Back the Proposed US-Kenya Free Trade Pact
Kenyan Companies Back the Proposed US-Kenya Free Trade Pact
Kenyan companies have thrown their weight behind the proposed free trade agreement between Kenya… read more...
Safaricom Rolls Out New Mobile Numbers with 0110 and 0111 Prefixes
Safaricom Rolls Out New Mobile Numbers with 0110 and 0111 Prefixes
Kenya’s giant mobile operator Safaricom on Tuesday announced the rollout of SIM cards with new 0110… read more...
Safaricom to Launch Kenya's First 5G Network
Safaricom to Launch Kenya's First 5G Network
Safaricom has revealed plans to launch Kenya’s first fifth-generation (5G) mobile internet services… read more...
Google Abandons Plan to Buy Stake in Lake Turkana Wind Farm
Google Abandons Plan to Buy Stake in Lake Turkana Wind Farm
United States technology company, Google has abandoned plans to acquire a stake in Kenya’s Lake… read more...
Uhuru Meets Trump at the White House
Uhuru Meets Trump at the White House
President Kenyatta on Thursday held a meeting with US President Trump at the White House in… read more...
Kenya Signs New Air Transport Agreement with the US
Kenya Signs New Air Transport Agreement with the US
Kenya and the United States have signed a new Air Transport Agreement that will grant all-cargo… read more...
Trump to Host President Uhuru at the White House
Trump to Host President Uhuru at the White House
US President Donald Trump will on Thursday host Kenyan President Kenyatta at the White House in… read more...
Uhuru to Hold Talks with Trump in Washington, DC
Uhuru to Hold Talks with Trump in Washington, DC
President Kenyatta is this week scheduled to hold talks with his United States counterpart Donald… read more...
Gov’t Bans the Sale of 17 Maize Flour Brands
Gov’t Bans the Sale of 17 Maize Flour Brands
The Kenya Bureau of Standards (KEBS) on Thursday banned the sale of 17 maize flour brands. In a… read more...
Kenya Airways Announces Plan to Lay Off Workers
Kenya Airways Announces Plan to Lay Off Workers
Kenya Airways has announced plans to lay off some of its workers in what the management terms as a… read more...
Kenya to Negotiate Free Trade Agreement with the US
Kenya to Negotiate Free Trade Agreement with the US
Officials from Kenya are early next month set to meet with their United States counterparts to… read more...
Kenya to Issue Sh150 Billion Infrastructure Bond
Kenya to Issue Sh150 Billion Infrastructure Bond
The government, through the Kenya Roads Board (KRB), is set to issue a KSh150 bond to enable it to… read more...
US Billionaire Investor Exits Kenya, Sells 3,700 Acre Farm in Siaya County
US Billionaire Investor Exits Kenya, Sells 3,700 Acre Farm in Siaya Co…
American tycoon Calvin Burgess has reportedly sold out his multi-billion-shilling farm in Kenya… read more...
Kenya Risks Losing KSh3 Billion US Funding over Graft
Kenya Risks Losing KSh3 Billion US Funding over Graft
Kenya is at risk of missing out on early access to a United States multi-million-dollar development… read more...
26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company
26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company
In a move that could revolutionize Kenya’s insurance industry, a 26-year-old Kenyan woman has… read more...
Michael Joseph Sells All His Safaricom 1.17 Million Shares
Michael Joseph Sells All His Safaricom 1.17 Million Shares
Acting Safaricom CEO Michael Joseph has disclosed he sold off his entire shares in the giant… read more...
Ethiopian Airlines to Build $5 Billion Mega Airport
Ethiopian Airlines to Build $5 Billion Mega Airport
Ethiopian Airlines has revealed plans to build a mega airport at a cost of USD5 billion (KSh500… read more...