BUSINESS NEWS
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President Kenyatta's cousin, Ngengi Muigai has lost a 25-year court tussle for a 443-acre coffee estate in Kiambu county auctioned by Kenya Commercial Bank (KCB) about 10 years ago.
The businessman was dealt a blow on Tuesday after the Court of Appeals dismissed the suit, where he contested the…
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Authorities at Jomo Kenyatta International Airport (JKIA) on Thursday grounded two passenger airlines for reportedly engaging in illegal activities.
Speaking at JKIA on Thursday, Transport Cabinet Secretary James Macharia said the two have been operating as cargo airlines when they are licensed to…
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The Kenya Revenue Authority (KRA) plans to launch an operation targeting workers and businessmen who have declined to file tax returns, with culprits facing a Sh20,000 fine.
Treasury said the tax collector will hunt for workers and businesspeople who failed to declare their income to the State, in…
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It has now emerged two families were the largest beneficiaries of the government subsidy on maize launched in mid 2017 following a shortage of the commodity that left Kenyans in 'hunger'.
The Standard reports that two Mombasa-based billionaire families pocketed Sh9 billion spent by government on…
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Kenyans could soon be able to send or receive money across networks in real time.
The Information Communication and Technology Ministry has said that mobile money operators Safaricom and Airtel will from next week launch a trial of mobile money interoperability, which will enable mobile users make…
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National Bank of Kenya (NBK) has confirmed that fraudsters made away with Sh29 million in a suspected a hacking incident on Wednesday.
In a statement to the media, the banking institution confirmed its systems had been infiltrated and investigations have since been launched.
“We can confirm that…
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Hundreds of Kenyans who invested their money in a United Kingdom firm are now living in fear after the company allegedly went 'missing.'
The investors, who purchased shares of Atlas African Industries said they are unable to track the performance of the company after its website, the only means it…
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Kenya Airways hopes it will woo United States government-funded travelers once it signs a code-sharing deal with American carrier Delta Airlines.
Last week, Kenya Airways started selling advance tickets for its maiden direct flight to the US on October 28th.
The airline said it expects to complete…
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The Financial Times Group has awarded Central Bank of Kenya (CBK) Governor Patrick Njoroge with the Central Banker of the Year Award in Africa.
The African Financial magazine said the accolade was given to Njoroge in recognition of his reforms in the country's banking sector.
"Mr Njoroge has…
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Following news that Kenya Airways will begin its direct flights plan to the United States in October, the national carrier's stock increased by Sh9.7 billion, an 11 percent rise to Sh98.3 billion.
On Thursday, the airline started selling advance tickets for its inaugural flight to John F. Kennedy…
