BUSINESS NEWS
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The plan by Kenya to purchase Sh43 billion military aircraft from the United States hangs in the balance after government failed to reach a binding agreement with the vendors within the set time frame.
The US Government Accountability Office (GAO) said that Kenya failed to commit to the agreement…
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American firm Bechtel International is set to begin construction work on Nairobi-Mombasa Expressway at the end of this year.
Kenya National Highway Authority (KeNHA) Communication director Charles Njogu on Thursday said that feasibility studies and designs of the superhighway are complete.
Bechtel…
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Kenyans could find themselves riding on an electric train from Nairobi to Mombasa in two years time.
This follows a deal signed between Kenya Electricity Transmission Company (KETRACO) and China Electric Power Equipment and Technology Company Limited (CET) to electrify the new railway between the…
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Kenya has been forced to rethink its strategies after its attempt to promote the duty-free export of coffee, tea, cut flowers, food ingredients and home décor in the last six years failed to deliver desired results of increasing its trade volumes to the United States.
Kenya has mainly exported…
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The Nairobi county government collected Sh1.63 billion in taxes in the month of January, Governor Mike Sonko has revealed.
In documents he shared on the internet, the Governor indicated that revenue collection at the City Hall has significantly increased since he assumed office in August last year…
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Ticket prices for standard gauge railway's Madaraka Express train trip between Nairobi and Mombasa are set to be revised upwards in the next two months.
This means that the promotional Sh700 fare that Kenyans have been paying between the route since the launch of the train in May, 2017 will come to…
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Tourism Cabinet Secretary Najib Balala has faulted the banning of shisha and the closure of nightclubs by the government, saying that the move will hurt the economy of the country.
Balala said the ban of shisha imposed by outgoing Health CS Cleopa Mailu was a “miscalculated” move. The CS further…
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Kenya says it plans to launch an investor roadshow in mid next month in a bid to promote a planned Eurobond issue.
Speaking on the sidelines of the World Economic Forum in Davos, Switzerland on Friday, Central Bank of Kenya (CBK) Governor Patrick Njoroge said the campaign would likely be held in…
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The government has embarked on a plan to transform Jomo Kenyatta International Airport (JKIA) into a world-class facility as Kenya Airways prepares to fly its maiden direct flight to the United States later this year.
In the new plan, the government will among other things install a new parking…
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Kenya has dropped an earlier plan to electrify the newly constructed Standard Gauge Railway (SGR) line between Mombasa and Nairobi due to its high cost and the country's irregular power supply.
In a statement, Kenya Railways managing director Atanas Maina said that preliminary research show that…
