BUSINESS NEWS
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National carrier Kenya Airways (KQ) says that it expects that direct flights to the US will take longer than expected, despite having received the green light to do so.
KQ Chief Executive Officer Sebastian Mikosz sait there are still a load of audits and contractual arrangements to be made before…
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Two US members of Congress have sharply castigated a recent report by a government watchdog agency that favorably analyzed Kenya's proposed $418 million (Sh43bn) purchase of US-made combat aircraft.
The duo said that they have serious concerns over the credibility of the report that gave the arms…
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Kenya Airways Chief Executive Officer says that the airline has met more than 70 per cent of the 100 checklists ahead of its maiden direct trip to the US next year.
Sebastian Mikosz said that KQ is currently negotiating a revenue sharing plan with its key partner airlines in Europe and USA, in a…
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Kenyan pharmaceuticals firm Omaera has announced plans to spend Sh3.1 billion in the next three years for purchase of cancer and HIV drug, Lodonal to market abd sell it across East Africa.
In an deal brokered with a US-based specialty drugmaker, Immune Theraupetics, the Kenyan firm accepted to…
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George Omondi Obell has been appointed to the United Nations Economic and Social Council’s Committee of Experts on International Cooperation in Tax matters (ECOSOC), becoming the first Kenyan to hold the crucial position.
Obell, a chief manager at Kenya Revenue Authority (KRA) international tax…
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The International Civil Aviation Organization (ICAO) is expected to conduct a third security audit on Jomo Kenyatta International Airport to determine its safety standards.
ICAO will be assessing the Kenya's main airport in the last week of November to determine its capability in safety oversight.…
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The government through Kenya National Highways Authority (KENHA) has defended its decision to award US firm Bechtel International Inc a Sh300 billion tender to build a 473-kilometre Nairobi-Mombasa high-speed expressway.
In a statement on Monday, Kenha director general Peter Mundinia said that the…
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The Kenya Revenue Authority (KRA) has unveiled an online portal that taxpayers will use to reactivate their suspended PINs.
The new move provides a reprieve to thousands of Kenyans taxpayers who grappled with strenuous paperwork to have their tax accounts that had been deactivated by the taxman for…
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Nairobi governor Mike Sonko has put to hold an earlier announced ban on matatus operation within the Central Business District for one month.
Speaking at a press briefing following a meeting with matatu operators on Monday, Sonko said that the ban, which was to be effective from Wednesday, has been…
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Kenyan workers are set to lose their jobs after world's electronics giant firm Samsung announced plans to cut down its workforce at Nairobi regional office.
The South Korean-headquartered company said it will effect a major operational shake-up that is likely to result in loss of jobs, joining a…
