BUSINESS NEWS

Mombasa-Based Firm Builds East Africa's First Modern Sh10 Million Boat
Mombasa-Based Firm Builds East Africa's First Modern Sh10 Million…
A Kenyan-based firm has manufactured a modern boat, the first one of its kind to be made in the… read more...
Missing Sh21 Billion Places Former Nairobi Governor Evans Kidero on the Spot
Missing Sh21 Billion Places Former Nairobi Governor Evans Kidero on th…
An audit report by KPMG has put former Nairobi Governor Evans Kidero on the spot over missing Sh21… read more...
Kenya Dismisses US Alarm over Unsustainable Chinese Loans
Kenya Dismisses US Alarm over Unsustainable Chinese Loans
Kenya has reacted to concerns by the United States that Chinese loans were pushing African… read more...
180 Kenyans Turned into Dollar Millionaires in 2017
180 Kenyans Turned into Dollar Millionaires in 2017
180 Kenyans defied last year's sluggish economy to enter the exclusive club of dollar millionaires… read more...
Hard Times for Kenyans as Gov't Seeks to End Access to Cheap Loans
Hard Times for Kenyans as Gov't Seeks to End Access to Cheap Loan…
Kenyans could soon pay higher interest rates for loans taken from commercial banks following new… read more...
Nairobi among World Cities Marked for Sh800-Per-Minute Flying Cars
Nairobi among World Cities Marked for Sh800-Per-Minute Flying Cars
Nairobi has been identified as one of the cities where the ambitious flying cars plan will be… read more...
10 Super Rich Kenyans Cumulatively Own More than Sh500 Billion - Report
10 Super Rich Kenyans Cumulatively Own More than Sh500 Billion - Repor…
A new report that highlights the number of highly wealthy individuals in the country indicates that… read more...
I Never Said Government was Broke, Treasury Cabinet Secretary Henry Rotich Says
I Never Said Government was Broke, Treasury Cabinet Secretary Henry Ro…
National Treasury Cabinet Secretary Henry Rotich has clarified Wednesday reports that quoted him… read more...
Controversial Kenya Traffic Police Department Dissolved
Controversial Kenya Traffic Police Department Dissolved
Inspector General of Police Joseph Boinnet has introduced major changes in the National Police… read more...
Gov't Has Run Out of Cash, National Treasury Cabinet Secretary Henry Rotich Says
Gov't Has Run Out of Cash, National Treasury Cabinet Secretary He…
National Treasury Cabinet Secretary Henry Rotich has admitted that the government has run out of… read more...
JKIA Scoops Best Improved Airport Award
JKIA Scoops Best Improved Airport Award
Jomo Kenyatta International Airport (JKIA) has been named as the the best improved airport in the… read more...
Kenya Bans Importation of Meat from South Africa after Outbreak of Deadly Listeria Disease
Kenya Bans Importation of Meat from South Africa after Outbreak of Dea…
Kenya has banned the importation of meat from South African following the outbreak of a deadly… read more...
Tussle for Sh500 Million Estate between Kisumu Governor Anyang' Nyong'o and His Nephews Drags On
Tussle for Sh500 Million Estate between Kisumu Governor Anyang' N…
Kisumu governor Anyang' Nyong’o has picked a new fight with his nephews over the sharing of the… read more...
World Bank Pumps Billions into Kenyan Private Firms
World Bank Pumps Billions into Kenyan Private Firms
International Finance Corporation (IFC), a private sector lending branch of World Bank has pumped… read more...
Troubled Nakumatt to Lay Off 800 Employees
Troubled Nakumatt to Lay Off 800 Employees
More than 800 people are set to lose their jobs in the latest layoff plan by troubled Kenyan… read more...
Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plastics Ban
Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plasti…
A plastic bags manufacturer has taken the government to court seeking Sh2 billion as compensation… read more...
Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi's Traffic Congestion
Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi…
Kenya plans to employ a model similar to Colombia’s bus rapid transit in Bogota to end Nairobi's… read more...
Kenya Bets On US Direct Flights Plan to Boost Tourism
Kenya Bets On US Direct Flights Plan to Boost Tourism
Kenya has expressed optimism that the United States direct flights plan will boost the country's… read more...
CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million Defaulted Loan
CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million…
The Central Bank of Kenya (CBK) has sold 103-acre land belonging to former presidential aspirant… read more...
Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion School in Nairobi's Runda Estate
Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion…
A firm associated with Kenyan billionaire business mogul Chris Kirubi is planning to build a 'super… read more...
Kenyan Drivers to Be Issued With Smart Driving Licences Starting in April
Kenyan Drivers to Be Issued With Smart Driving Licences Starting in Ap…
The National Transport and Safety Authority (NTSA) has announced that it will begin issuing drivers… read more...
US Fast-Food Chain Hardee's to Open New Restaurant in Kenya
US Fast-Food Chain Hardee's to Open New Restaurant in Kenya
United States fast-food restaurant Hardee’s will in March open its third branch in Kenya. The new… read more...
Nairobi's Burma Market Closed Down Indefinitely by NEMA
Nairobi's Burma Market Closed Down Indefinitely by NEMA
Traders at Nairobi's Burma market will have to bear the brunt of government's crackdown on use of… read more...
Google Approves Use of M-Pesa to Purchase Apps on Play Store
Google Approves Use of M-Pesa to Purchase Apps on Play Store
Kenyans will now be able to purchase apps from the play store using M-Pesa after Google approved… read more...
Kenya Secures Sh203 Billion in New Eurobond Issue
Kenya Secures Sh203 Billion in New Eurobond Issue
The National Treasury has announced that Kenya has secured $2 billion (Sh203billion) in a new… read more...
CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land Over Sh495 Million Debt
CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land…
The Central Bank of Kenya (CBK) has put a farm belonging to former Presidential aspirant Cyrus… read more...
Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets From the US
Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets…
The plan by Kenya to purchase Sh43 billion military aircraft from the United States hangs in the… read more...
US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Expressway
US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Ex…
American firm Bechtel International is set to begin construction work on Nairobi-Mombasa Expressway… read more...
Kenyans to Ride on Electric Trains by 2020 in New Deal
Kenyans to Ride on Electric Trains by 2020 in New Deal
Kenyans could find themselves riding on an electric train from Nairobi to Mombasa in two years time… read more...
Kenya Fails to Lift US Trade in AGOA Program
Kenya Fails to Lift US Trade in AGOA Program
Kenya has been forced to rethink its strategies after its attempt to promote the duty-free export… read more...