BUSINESS NEWS

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The Kenya Revenue Authority has announced that it will deactivate all PIN accounts which are yet to be registered on its iTax system on August 31st. Million of Kenyans will likely lose their accounts, meaning they will be denied access to critical public services as the tax man bank on digitization…
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US technology giant Facebook has cut down the charges on Internet services in Kenya by an average of 35 per cent, only six months after launch. The new move by the giant global firm steps up competition for major telecommunication firms in Kenya. In a statement, Surf Kenya, a local Internet service…
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Kenya's giant telecommunication firm Safaricom has notified its MPesa mobile money transfer service customers that it will switch off the service for four hours on Sunday. A statement from Safaricom Chief Executive Officer Bob Collymore said that he service will be disrupted from 12:30am to 4:30am…
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US firm CrossBoundary Energy has entered into a partnership with British-based Solarcentury to roll out a program that aims to install cheaper solar electricity systems in Kenya. The deal between the two firms will see Industrial and commercial buildings installed with solar power systems at no…
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Kenyans are set to bear the a heavy burden of sh 18.8 million pension payoff for each of the 196 one-term MPs who were sent packing in the August 8th General Election. Cumulatively, the former MPs, who comprise of senators and members of the National Assembly, will take home Sh3.7 billion as a…
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Facebook has switched on its low-cost Internet in more than 600 hotspots across the country since the launch of the service in March, the US tech giant has disclosed. Surf Kenya, Facebook’s local partner, says it has so far rolled out the Express Wi-Fi service in Eldoret, Naivasha, Nakuru, Mtwapa,…
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A Kenyan firm has been chosen by a United States trade agency to carry out a feasibility study on a US-funded multi-billion green energy project to develop five river-based hydroelectric power plants in Kenya. In a statement, the United States Trade Development Agency (USTDA) revealed it had…
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Kenya has contracted a US-based firm to construct a multi-billion Nairobi to Mombasa high speed superhighway. The Kenya National Highway Authority (KeNHA) said it will oversee the construction of a new high-speed highway that is expected to cost the taxpayer Sh230 billion. Kenya Highway Authority…
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The United States government is looking to fund renewable energy projects in Kenya and across Africa in a move to increase electricity access in Africa. The move signals that US President Donald Trump's administration is committed to continue rolling out the legacy programme that was kick-started…
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Over 4.8 million Kenyans are on the cusp of having their Kenya Revenue Authority (KRA) Personal Identification Numbers (PINs) deactivated by the end of August over failure to migrate to the iTax platform, should the tax collector makes true its warning. KRA in a statement warned that those who will…