BUSINESS NEWS

Kenya Set to Auction Lamu Oil Blocks within One Year
Kenya Set to Auction Lamu Oil Blocks within One Year
Kenya has revealed plans to auction new oil and gas exploration blocks in its Indian Ocean… read more...
Kenya Airways Suspends Flights to the UK Until Further Notice
Kenya Airways Suspends Flights to the UK Until Further Notice
Kenya Airways (KQ) will suspend passenger flights to the United Kingdom effective April 9th until… read more...
KRA Surpasses Revenue Collection Target for Fourth Consecutive Month
KRA Surpasses Revenue Collection Target for Fourth Consecutive Month
The Kenya Revenue Authority (KRA) has exceeded its monthly collection target for the fourth… read more...
Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from Gov’t
Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from…
Kenya Airways (KQ) is seeking a $500 million (Sh54.87 billion) bailout from the government to stay… read more...
Canadian Company Suspended from US Stock Trading over Sh139 Billion 'Secret' Loan Deal with Kenya
Canadian Company Suspended from US Stock Trading over Sh139 Billion…
A Canadian company that allegedly signed a Sh139.5 billion 'secret' loan deal with Kenya has been… read more...
UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors
UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors
The United Nations (UN) has added Kenya Airways (KQ) to the list of airlines that will ferry COVID-… read more...
Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business
Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business
Kenyan preacher Pastor Paul Kuria of the Home of Glory Joy Ministry says he runs a dog breeding… read more...
Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted into US-Based Accelerator Y Combinator
Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted…
Kidato, a Kenyan ed-tech startup, has been accepted into Silicon Valley-based accelerator, Y… read more...
Kenya Railways Begins Takeover of SGR Operations from Chinese Company
Kenya Railways Begins Takeover of SGR Operations from Chinese Company
The Kenya Railways Corporation (KRC) has taken over some Standard Gauge Railways (SGR) operations… read more...
Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above
Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above
A recent wealth report by Knight Frank indicates that only 475,000 Kenyans are worth $20,000 (Sh2.2… read more...
Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiatus
Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiat…
Kenya and the US are expected to resume negotiations for a free trade agreement (FTA) after a four-… read more...
Kenyans Express Their Frustration with PayPal
Kenyans Express Their Frustration with PayPal
Many Kenyans who work online are expressing their frustration with popular US online payments… read more...
Uber Drivers in Kenya Decry Huge Taxes
Uber Drivers in Kenya Decry Huge Taxes
Uber drivers in Kenya are up in arms over what they termed as harsh working environment and huge… read more...
Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as Ethiopian is Picked
Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as…
16 airlines have signed agreements with the United Nations (UN) for the distribution of COVID-19… read more...
Kenya to Receive Sh262 Billion Loan from IMF
Kenya to Receive Sh262 Billion Loan from IMF
Kenya is set to receive a loan of $2.4 billion (Sh262.68 billion) from the International Monetary… read more...
Kenya Airways Cuts US Direct Flights Due to Low Demand
Kenya Airways Cuts US Direct Flights Due to Low Demand
Kenya Airways (KQ) has reduced the number of direct flights to the US to once a week, citing low… read more...
Biden Ally Throws Support Behind Proposed US-Kenya Trade Pact
Biden Ally Throws Support Behind Proposed US-Kenya Trade Pact
A close ally of US President Joe Biden has expressed support for the proposed free trade agreement… read more...
US Lobby Roots for Sealing of US-Kenya Trade Pact
US Lobby Roots for Sealing of US-Kenya Trade Pact
The US Chamber of Commerce has urged President Joe Biden’s administration to fast-track the ongoing… read more...
Kenya’s KCB Group Seeks Approval to Acquire 2 Banks in Rwanda and Tanzania for Sh4.4 Billion
Kenya’s KCB Group Seeks Approval to Acquire 2 Banks in Rwanda and Tanz…
Kenya’s KCB Group has filed a formal application seeking to acquire two banks in Tanzania and… read more...
Kenya Airways Suspends Flights to France, and the Netherlands
Kenya Airways Suspends Flights to France, and the Netherlands
Kenya Airways (KQ) has temporarily suspended flights to some of its European routes, citing new… read more...
Kenya Airways Employees Face Fresh Pay Cuts of Up to 30 Percent
Kenya Airways Employees Face Fresh Pay Cuts of Up to 30 Percent
Kenya Airways (KQ) has announced a fresh round of pay cuts affecting employees earning Sh45,000 and… read more...
Ray of Hope as Chartered Plane Carrying 175 Foreign Tourists Lands in Kenya
Ray of Hope as Chartered Plane Carrying 175 Foreign Tourists Lands in…
The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the… read more...
Equity Bank Makes History After Crossing Sh1 Trillion Mark in Value
Equity Bank Makes History After Crossing Sh1 Trillion Mark in Value
Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to… read more...
Safaricom Reduces MPesa Transaction Charges By As Much As 45 Percent
Safaricom Reduces MPesa Transaction Charges By As Much As 45 Percent
Safaricom has announced the reduction of MPesa transaction charges by as much as 45 percent.  The… read more...
Kenya Airways, Air France KLM Agree to Terminate Africa-Europe Partnership
Kenya Airways, Air France KLM Agree to Terminate Africa-Europe Partner…
Kenya Airways (KQ) and Air France KLM Group have agreed to mutually terminate their Africa-Europe… read more...
Fare for New Nairobi CBD-JKIA Express Train Service Slashed by Half to Sh250
Fare for New Nairobi CBD-JKIA Express Train Service Slashed by Half to…
Kenya Railways has slashed by half the fare of the new express rail service to Jomo Kenyatta… read more...
Kenyan Car Importers Given Until December 31st to Clear Vehicles Registered in 2013
Kenyan Car Importers Given Until December 31st to Clear Vehicles Regis…
The government has given car dealers until December 31st, 2020, to import vehicles registered in… read more...
Kenya Inks Post-Brexit Trade Pact with the UK
Kenya Inks Post-Brexit Trade Pact with the UK
Kenya and the United Kingdom on Tuesday finalized the signing of a strategic Economic Partnership… read more...
Kenya Airways Customers to Enjoy Discounted Prices as Airlines Resumes US Direct Flights
Kenya Airways Customers to Enjoy Discounted Prices as Airlines Resumes…
Kenya Airways (KQ) has announced it will offer discounts on ticket prices as it resumes directs… read more...
Kenya Airways to Resume Direct Flights to the US After 8-Month Break
Kenya Airways to Resume Direct Flights to the US After 8-Month Break
Kenya Airways (KQ) is this weekend scheduled to resume direct flights to the US after an eight-… read more...