BUSINESS NEWS

JPMorgan Chase to Set Up a Regional Office in Nairobi
JPMorgan Chase to Set Up a Regional Office in Nairobi
American multinational financial services company JPMorgan Chase will set up a regional office in… read more...
Amazon’s Smart Home Security Company Ring Enters the Kenyan Market
Amazon’s Smart Home Security Company Ring Enters the Kenyan Market
American company Ring has inked a partnership with Nairobi-based tech company Mart Networks to… read more...
US Issues Kenya a Default Notice for Sh57 Billion Kenya Airways Debt
US Issues Kenya a Default Notice for Sh57 Billion Kenya Airways Debt
The Exim Bank of the USA has slapped the Treasury with a default notice for delayed payment of a… read more...
Kenyan and US Officials to Hold Discussions on Strategic Trade and Investment Partnership
Kenyan and US Officials to Hold Discussions on Strategic Trade and Inv…
Trade representatives from Kenya and the US are set to hold an in-person first round of conceptual… read more...
Kenya Airways Issues a Full Year Profit Warning
Kenya Airways Issues a Full Year Profit Warning
Kenya Airways (KQ) has announced that its net earnings for the year ending December 31st, 2022,… read more...
Gov’t Protests Dutch Airline KLM’s Claims of Civil Unrest in Kenya
Gov’t Protests Dutch Airline KLM’s Claims of Civil Unrest in Kenya
Kenya is set to lodge a formal complaint with the Netherlands after the country’s flag carrier… read more...
US Gov’t Funds Construction of a Sh3.7 Billion Data Center in Nairobi
US Gov’t Funds Construction of a Sh3.7 Billion Data Center in Nairobi
The United States government has committed $30 million (Sh3.7 billion) for the expansion of a data… read more...
Detectives Arrest Six Suspects Manufacturing Fake KRA Stamps in Nairobi
Detectives Arrest Six Suspects Manufacturing Fake KRA Stamps in Nairob…
Detectives in Nairobi have arrested six suspects in connection with the production of fake Kenya… read more...
Elon Musk's Company Set to Launch Satellite Internet Service in Kenya
Elon Musk's Company Set to Launch Satellite Internet Service in…
American satellite internet provider Starlink has announced it will launch in Kenya in the second… read more...
East African Community to Have a Single Currency By 2027
East African Community to Have a Single Currency By 2027
The East African Community (EAC) is currently working on a plan to have a common currency by 2027.… read more...
Kenya Airways Blames Ukraine-Russia War for Ongoing Flight Disruptions
Kenya Airways Blames Ukraine-Russia War for Ongoing Flight Disruptions
Kenya Airways (KQ) has issued a statement regarding the flight disruptions currently being… read more...
Kenya Airways’ Shares Trading Freeze Extended for Additional 12 Months
Kenya Airways’ Shares Trading Freeze Extended for Additional 12 Months
The Capital Markets Authority (CMA) has announced the extension of the share trading freeze on… read more...
The Iconic Hilton Hotel Nairobi Closes Its Doors After 53 Years
The Iconic Hilton Hotel Nairobi Closes Its Doors After 53 Years
The iconic Hilton Hotel in Nairobi’s central business district has shut its doors permanently after… read more...
US Retains Its Place as Largest Source Country for International Visitors to Kenya
US Retains Its Place as Largest Source Country for International Visit…
The United States has retained its place as the largest source country for international visitors… read more...
Kenya Airways Resumes Daily Direct Flights to the US
Kenya Airways Resumes Daily Direct Flights to the US
Kenya Airways (KQ) has resumed daily nonstop flights between Nairobi and New York City amid growing… read more...
IMF Launches a Probe into Kenya’s US Dollar Shortage
IMF Launches a Probe into Kenya’s US Dollar Shortage
The International Monetary Fund (IMF) says it is monitoring challenges in accessing the US dollar… read more...
IMF Approves a Sh55 Billion Loan to Kenya
IMF Approves a Sh55 Billion Loan to Kenya
The International Monetary Fund (IMF) has approved a $447.39 million (Sh55.1 billion) loan to Kenya… read more...
Ruto Meets Delta Air Lines Officials in Bid to Sell a Majority Stake in Kenya Airways
Ruto Meets Delta Air Lines Officials in Bid to Sell a Majority Stake i…
President Ruto has confirmed he met officials of Delta Air Lines during his visit to the US, where… read more...
President Ruto Seeks Strategic Investors to Buy Kenya Airways in US Trip
President Ruto Seeks Strategic Investors to Buy Kenya Airways in US Tr…
President Ruto will seek strategic foreign investors to buy a controlling stake in Kenya Airways (… read more...
President Ruto Officially Launches Hustlers Fund, Repayment Period Set at 14 Days
President Ruto Officially Launches Hustlers Fund, Repayment Period Set…
President Ruto on Wednesday launched the first phase of the Hustlers Fund, one of the key campaign… read more...
Ban on Nairobi Nightclubs to Render 23,000 Employees Jobless, Bars Association Says
Ban on Nairobi Nightclubs to Render 23,000 Employees Jobless, Bars Ass…
Pubs, Entertainment, and Restaurant Association of Kenya (PERAK) has said the recent ban on… read more...
Safaricom Launches M-Pesa Go for Minors Aged 10 to 17
Safaricom Launches M-Pesa Go for Minors Aged 10 to 17
Telecommunications giant Safaricom on Saturday launched a new financial product for teens and… read more...
Governor Sakaja Dispels Reports That Nairobi Land Rates Will Double from January
Governor Sakaja Dispels Reports That Nairobi Land Rates Will Double fr…
Nairobi Governor Johnson Sakaja has refuted reports that land rates in the city county will double… read more...
Nairobi Governor Sakaja Revokes Licenses for Night Clubs Operating in Residential Areas
Nairobi Governor Sakaja Revokes Licenses for Night Clubs Operating in…
Nairobi Governor Johnson Sakaja has revoked the licenses of all nightclubs operating in residential… read more...
Kenya and South Korea Reach a Deal on Free Trade Agreement
Kenya and South Korea Reach a Deal on Free Trade Agreement
Kenya and South Korea have agreed on a roadmap that will lead to a free trade agreement (FTA)… read more...
Kenya Secures Sh120 Billion from South Korea to Fund Development Projects
Kenya Secures Sh120 Billion from South Korea to Fund Development Proje…
Kenya has secured Sh120 billion from South Korea to fund various development projects including the… read more...
Protest as Ship Carrying 10,000 Tonnes of Imported Maize Docks at Mombasa Port
Protest as Ship Carrying 10,000 Tonnes of Imported Maize Docks at Momb…
MPs have demanded answers from the government after reports that a ship carrying 10,000 tonnes of… read more...
Google to Remove Loan Apps That Violate Central Bank of Kenya Rules from the Play Store
Google to Remove Loan Apps That Violate Central Bank of Kenya Rules fr…
Google has announced it will remove mobile loan applications that do not comply with the Central… read more...
Gov’t Seeks a Foreign Strategic Investor to Buy Stake in Kenya Airways
Gov’t Seeks a Foreign Strategic Investor to Buy Stake in Kenya Airways
The Treasury will look for a foreign strategic investor to buy a controlling stake in Kenya Airways… read more...
World Travel Awards: Kenya's Twiga Tours Named World's Leading Safari Company
World Travel Awards: Kenya's Twiga Tours Named World's Leadi…
Kenyan safari company Twiga Tours has been named the World’s Leading Safari Company at the just… read more...