BUSINESS NEWS

Kenyans and foreign visitors will now be able to fly to the Northern parts of Kenya after President Uhuru Kenyatta opened the newly built KSh 2.5 billion Isiolo International Airport, which is a part of the Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) corridor project. The Isiolo airport is…

Facebook will be rolling out a program to train young Kenyan women from Nairobi, Mombasa, Nakuru and Kisumu on the utilization of social media as a digital marketing platform. The program will train over 1,000 female entrepreneurs on among others, content generation and how to grow their business…

Kenya’s giant betting firm SportPesa has continued with its aggressive global spread out as it looks to convert to a multinational enterprise. Just months after launching in Tanzania and in the United Kingdom, the gaming firm has stormed the Italian market after purchasing a majority shareholding…

Asia’s richest man Jack Ma, who is on a two-day visit to the country, has promised to market Kenya in his tours around the world, saying that Kenya has massive but largely unexploited potential. “Will I be the ambassador of African industry and bring more Chinese manufacturing companies here? This…

The Government of Kenya through the Ministry of Education is embroiled in a row with the World Bank and United States billionaire’s Bill Gates-backed group of low-cost schools that largely operate in slums and rural areas in the country over their operations. The standoff between Ministry of…

Cloud storage data firm Angani Limited shareholders are embroiled in an ownership tussle pitting United States hedge fund BSP, former Google policy manager for Africa Ory Okolloh, and 14 other local and foreign individuals and companies. Kenyan nationals Phares Kariuki, Brian Muita and Aaron Mbowa…

The Kenya Air Forces (KDF) has received two additional helicopters from the United States as it fulfills its pledge to strengthen the Kenyan military in the war against Somalia-based terror group Al-Shabaab. Last December, the United States gave the Kenyan Forces six similar war choppers that Kenya…

Chinese Billionaire Jack Ma, Asia’s richest man, landed in Kenya on Wednesday evening, carrying with him a delegation of 38 billionaires drawn from China. Ma, the founder and executive chairman of Chinese e-commerce behemoth Alibaba, is expected to kick start his two-day tour with a public…

A United States-based advisory firm leading Kenya Airways’ (KQ) balance sheet reformation will be getting the lion’s share of the Sh1.4 billion that is set aside for payment to transaction advisers. The firm, PJT Partners was selected as the Kenya Airways’ reorganization adviser in February…

Tanzania has warned Kenya that it will slap retaliatory bans on Kenyan products entering Tanzania if Kenya fails to lift ban it imposed on their products. Diplomatic and trade relations between Kenya and Tanzania seem to be going through turbulent times after Kenya banned Tanzanian wheat flour and…