BUSINESS NEWS

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Nakumatt Chief Executive Officer(Ceo), Atul Shah has opened up on why the giant retail chain has experienced tough economic times over the last several months. Speaking to Business Daily, Shah linked Nakumatt's economic woes to the closure of Imperial Bank and Chase Bank, which were placed under…
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Kenya Airways says its direct flights plan to the United States will see more than 150 new jobs created in additional to other economic benefits. The airline on Thursday began selling advance tickets to passengers for its maiden October 28th flight to JKF airport in New York. The direct flight plan…
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A United States travel and restaurant magazine, Trip advisor has ranked Kenyan capital city, Nairobi among top 10 world destinations for 2018. Popularly referred to as the green city in the sun, the Kenyan capital was ranked third, behind Ishigaki in Japan and Kapaa in Hawaii. Halifax (Canada),…
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Four nights clubs located in Nairobi have been closed down by the National Environmental Management Authority (Nema) over noise pollution. The four -Kiza Lounge, Space Lounge Bar and Grill, Jiweke Tavern and B-Club - were shut down after Nema officials conducted a raid on Wednesday night to inspect…
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Kenya Airways has from Thursday (today) began selling advance tickets for its inaugural direct flight to the United States slated for October 28th. The airline's Chief Executive Officer Sebastian Mikosz on Thursday announced that a roundtrip Economy Class ticket will go for Sh89,000. He added that…
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Kenya Airways (KQ) will from Thursday start selling advance tickets for the airline's inaugural direct flight to the United States. KQ has confirmed that daily direct flights between Nairobi and New York will commence on October this year, effectively cutting the travel time between the two cities…
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The price of maize flour has increased to an average of Sh115 for a two kilogramme packet following the end of subsidy introduced by government mid last year. Major supermarkets in the country including Naivas, Uchumi and Tuskys hiked the prices of the precious commodity by an average of 28 per…
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The United States has pledged more funds to support devolution in Kenya. Speaking when he met Senate Speaker Ken Lusaka and leader of Majority Kipchumba Murkomen at Parliament buildings on Thursday, Ambassador Robert Godec said US is focused on strengthening devolved units in the country in order…
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The decision by Communications Authority (CA) to drop an earlier controversial proposal to split Safaricom from its mobile money service, M-pesa has been met with opposition. Safaricom's rival Airtel, which is the country's second largest telecommunications company after Safaricom has questioned…
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It was double woes for struggling retail chain Nakumatt after residents looted its stock following its eviction from Nanyuki Mall on Tuesday. Police were forced to shoot in the air to scatter a crowd of area residents who scrambled for the supermarket's items, which had been thrown out by owners of…