BUSINESS NEWS

Nairobi Climbs 13 Places on Cheapest Cities for Expats List
Nairobi Climbs 13 Places on Cheapest Cities for Expats List
The depreciation of the Kenyan shilling against major world currencies has resulted in increased… read more...
Safaricom Sued Over M-Pesa Trade Secrets
Safaricom Sued Over M-Pesa Trade Secrets
Safaricom has been unsuccessful in its attempt to halt the progress of a case regarding alleged… read more...
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
In August, Kenyans living and working abroad sent home $354.3 million, a decrease of 6.4% from the… read more...
Central Bank of Kenya Limits Sale of Dollars by Money Remittance Companies
Central Bank of Kenya Limits Sale of Dollars by Money Remittance Compa…
The Central Bank of Kenya has placed a restriction on the sale of dollars to individuals through… read more...
Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling
Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling
Kenyan banks are currently charging retail dollar buyers up to Sh154 per unit due to the high… read more...
Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss
Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss
Tuskys Supermarket is facing the risk of losing around Sh6 billion worth of assets after the High… read more...
Banks Oppose Cabinet Move to Increase Cash Deals
Banks Oppose Cabinet Move to Increase Cash Deals
The Cabinet had proposed to increase the threshold for cash transactions in Kenya to over Sh2… read more...
US Ambassador Meg Whitman: Why Finance Act Will Attract American Investors
US Ambassador Meg Whitman: Why Finance Act Will Attract American Inves…
United States Ambassador to Kenya Meg Whitman on Monday, June 3, lauded the Finance Act 2023 during… read more...
Good News for Farmers as Kenya, Israel Remove Trade Barriers
Good News for Farmers as Kenya, Israel Remove Trade Barriers
 President William Ruto has struck a deal to export tea, coffee, avocado and pineapple to Israel… read more...
Ethiopia Grants Safaricom's Mpesa Mobile Money License
Ethiopia Grants Safaricom's Mpesa Mobile Money License
Ethiopia has licenced Safaricom's Mpesa to operate in the diverse and unbanked nation.  Safaricom… read more...
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for Kenya's Investment Abroad
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for K…
Ethiopia has surpassed Tanzania and Uganda as the leading destination for Kenya's investment abroad… read more...
Kenya Seeks New Financing From IMF
Kenya Seeks New Financing From IMF
Kenya is seeking yet another financing from the International Monetary Fund as the International… read more...
New List of Kenya's Little-Known Firms Earning Billions Revealed
New List of Kenya's Little-Known Firms Earning Billions Revealed
Little-known Kenyan firms providing digital services in trade facilitation, agriculture and… read more...
Kenya Airways, China Southern Airlines Renew Suspended Interline Deal
Kenya Airways, China Southern Airlines Renew Suspended Interline Deal
Kenya Airways (KQ) and China Southern Airlines (CZ) have renewed their interline agreement which… read more...
Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the US
Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the U…
Econews Africa and the Kenya Small Scale Farmers Forum have called for the suspension of the… read more...
Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion
Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion
Kenya Airways (KQ) has posted a Sh38.2 billion net loss for the full year ending December 31st,… read more...
Kenya's Equity Group Ranked Fourth Strongest Banking Brand Globally
Kenya's Equity Group Ranked Fourth Strongest Banking Brand Global…
Kenya’s Equity Group has been ranked among the strongest banking brands globally. Equity jumped one… read more...
Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity
Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity…
Kenyan tea farmers are set to earn more from the export of tea to Pakistan after the South Asian… read more...
Kenya to Receive $1 Billion Loan from the World Bank
Kenya to Receive $1 Billion Loan from the World Bank
The World Bank has approved a Sh32 billion increase in Kenya’s loan request, with the country now… read more...
Five Kenyan Startups Selected for Inaugural Google Accelerator Program
Five Kenyan Startups Selected for Inaugural Google Accelerator Program…
Women Founders Africa Program has selected five Kenyan startups for the inaugural Google for… read more...
Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit
Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit
Kenya has inked a deal with Saudi Arabia and the United Arab Emirates (UAE) to import oil products… read more...
20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubator
20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubat…
20 Kenyan-based fashion start-ups have been selected for the third class of the British Council’s… read more...
Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Project
Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Proj…
The government is seeking the World Bank’s support to fund the Kenya Digital Superhighway Project.… read more...
US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda
US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda
US President Biden’s administration has included the proposed bilateral trade pact with Kenya in… read more...
Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion Debt
Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion…
Transport Cabinet Secretary Kipchumba Murkomen says the government is still looking for a strategic… read more...
Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Service
Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Se…
Three Kenyan MPesa users have filed a lawsuit against Safaricom over its Fuliza overdraft facility… read more...
Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout
Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout
Safaricom has announced a Sh23.4 billion dividend payout for its stakeholders, which is equal to… read more...
CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufacturing Plant in Kenya
CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufactu…
Trade Cabinet Secretary Moses Kuria has announced he will help the owner of China Square to set up… read more...
Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market
Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market
Investments, Trade and Industry Cabinet Secretary Moses Kuria wants the now popular China Square on… read more...
Username Investments Donates Sh500,000 Towards Education Sponsorship
Username Investments Donates Sh500,000 Towards Education Sponsorship
Username Investment Ltd. recently donated Kshs 500,000 in support of needy but bright students… read more...