BUSINESS NEWS

Matatu owners have rejected the plans by Mike Sonko's administration to ban matatus from Nairobi’s Central Business District(CBD), saying they were never involved in formulation of the traffic movement changes. They say that the move by the Nairobi County government is punitive, considering that…

Microsoft has launched a computer lab that will benefit more than 500 pupils at Likoni School for the Blind in Mombasa. Blind students will benefit from an assistive technology computer lab that is fitted with digitalized learning materials. The lab was opened by Microsoft in partnership with…

Activist Okiya Omtatah has given Central Bank of Kenya (CBK) seven days ultimatum to remove founding President Jomo Kenyatta's portrait from Kenya notes and coins. The constitution stipulates that portraits or images of individuals are not to be used on currency and notes and coins should only bear…

A United States construction firm is involved in battle over Sh123 million it failed to pay to a Kenyan company. Local contractor Epco Builders has moved to the High Court seeking to have orders barring National Housing Corporation (NHC) from paying Sh123 million to an American firm, Lemna…

A new report by US Department of State on the evaluation of countries receiving US financial aid had lauded Kenya's for its transparency standards on budget making process and public expenditure. Public availability, substantial completeness, reliability of budget documents, transparency of…

Kenya Airways says that it has scheduled New York City as its first destination when it kick-starts direct flights to the US next year. The national carrier said that it views New York as an aviation hub to mark its entry into the US, before flexing its wings in other US destinations. Last week, KQ…

The US Government has defended the awarding of a multi-billion-shilling Mombasa-Nairobi Superhighway construction tender to an American firm in absence any competitive bidding. In a statement by the US embassy in Nairobi, the US said the Sh300 billion Nairobi-Mombasa expressway project has been two…

Kenyan farmers are set to reap big from the Kenya-US direct flights after national carrier Kenya Airways edge closer to flying a maiden direct flight to the US. KQ received a boost in the bid to achieve the milestone after the United Stated Department of Transportation granted it permission to…

Centum Investment’s James Mworia has set a new record for highest paid Chief Executive Officer (CEO) in Kenya. A pay rise of 5.1 per cent has seen Mworia take home Sh375.6 million in the year ended March compared to Sh201.1 million the year before. This means that his total five-year pay will rise…

For the third consecutive year, a US-based public institution survey has ranked Kenya the top country in financial and digital inclusion, thanks to the country's wide adoption of mobile money in the local economy. Brookings Institution’s Centre for Technology Innovation, a Washington DC-based non-…