BUSINESS NEWS

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Kenya is set to receive another world high profile guest after receiving former US president Barrack Obama, Catholic Pope Francis, Israel Prime Minister Benjamin Netanyahu, India Prime Minister Narendra Mondi among others in recent years. Starting Monday next week, Kenya will host Asia’s…
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A fresh storm is looming between the Government of Kenya and global giant internet firm Google over 'dangerous' content published on the latter's YouTube channel. The Government has raised alarm over the proliferation of hate speech published on social media channels including Facebook, YouTube and…
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Kenya will be doing away with the old driving licenses and ushering in digital driving licensing, whose roll-out is scheduled to begin early next month after launch by President Uhuru Kenyatta. The National Transport and Safety Authority (NTSA) has said that it has prepared 100,000 smart cards…
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A newly released report lists Standard Chartered Bank as the financial institution that charges highest maintenance and transaction costs for customers' accounts among Kenya’s leading banks. The report, which was compiled after a two-year survey of the financial market by Financial Sector…
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Kenya has moved in to quell a looming diplomatic row with neighboring Tanzania, after Kenya banned the importation of cooking gas from Tanzania through the Namanga border. The government has announced that it will purchase new equipment that will be used to test cooking gas entering the local…
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In a bid to curb fraud, Kenya’s giant telecommunication firm Safaricom says that mobile money (MPesa) agents will soon begin using photos to identify those withdrawing or depositing money via the platform. Safaricom said that it has distributed 25,000 pre-programmed smartphones to M-Pesa agents…
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After a recent report by the Kenya Revenue Authority (KRA) showing more than 100 Kenyans who have joined the Billionaire club owing to their annual profits, it has emerged that at least three Kenyan churches are also running businesses with annual turnover of  between Sh350 million and Sh1…
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Kenya’s giant gaming firm SportPesa says it will be shutting down its operations in Kenya and explore other markets following the government’s decision to impose a 35 percent tax on all gambling companies. The firm said that it will be shifting base to Tanzania and in the United Kingdom (UK), a…
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A recent publication of Kenya’s top taxpayers’ by the Kenya Revenue Authority’s (KRA) has unearthed more than 100 Kenyans who have joined the billionaires club in recent times, even as Kenya continue to grapple with tough economic times. The taxman list the ‘silent billionaires’ with an annual…
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A recent deal between United States Government and a Kenyan Firm will see more than 2,000 Kenyan youth trained and employed in the Kenyan textile industry. USAid East Africa Trade and Investment Hub (the Hub) and Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative…