BUSINESS NEWS

Samples of natural gas that was recently discovered Kajiado County have been taken to the United States, where laboratory tests will be conducted to establish if the gas is safe for extraction. Government-owned National Oil said that initial investigations indicate that the area has gas deposits…

The Government has announced plans to construct a second runway at the country's largest airport, Jomo Kenyatta International Airport (JKIA) in a bid aimed at improving its operations. Kenya Airports Authority (KAA) said that the Treasury intends to enter into a partnership with African Development…

United States' Transportation Security Administration (TSA) is scheduled to carry out an audit on Jomo Kenyatta International Airport (JKIA) at the end of this month to scrutinize its safety standards before it is granted last point of departure (LDP) status. If the the Kenya's largest airport…

Kenya Airways has been named the leading airline in the Africa continent for the second consecutive year at the 24th Annual World Travel Awards event held on Tuesday in Kigali, Rwanda. Kenya Airways pipped other 2017 nominees including South African Airways, RwandAir, EgyptAir and Royal Air Maroc…

National Super Alliance (NASA) presidential candidate leader Raila Odinga has dismissed an advert doing rounds on Social Media asking his supporters to boycott Safaricom's services. In a tweet, the opposition leader said Nasa had not placed such an advertisement in any daily newspaper and dismissed…

Safaricom Chief Executive Officer (CEO) Bob Collymore has told politicians to desist from attacking his employees. This comes days after National Super Alliance (NASA) presidential candidate Raila Odinga named six Safaricom senior staff in August 8th election rigging claims. The opposition…

A US firm has loaned Sh155 million to a Mombasa-based lender who finances the purchase of motor cycle taxis (boda bodas) on credit in a bid boost its expansion in Kenya and grow its market share. Under the deal, Watu Credit will use the capital from the US-based finance platform Lendable, to grow…

Taxi hailing firm Uber has named Kenya as its second largest market in the African continent. Uber said that it has 363,000 active users in Kenya in the latest statistics released by the company, as it mark its fourth year of operation on the continent. Statistics by the San-Fransisco-based firm…

US beauty brand Sundial Brands Company has entered into a deal with Kenya’s leading beauty retailer and distributor Lintons Beauty World to avail their products in the local market. The deals aims at ensuring that Sundial grow sales volumes and revenues in Kenya by stocking its variety of…

US-based tractor manufacturer Massey Ferguson and Fortune 500 company AGCO have reached a deal with Kenyan Strathmore University Business School (SBC) to offer training on youths on agribusiness. AGCO Africa Vice president and general manager Nuradin Osman said the partnership to train the youth is…