BUSINESS NEWS
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Kenya Airways (KQ) has made a major stride in its efforts to have direct flights to the United States, after being granted air traffic rights to the United States' airspace.
Transport Cabinet Secretary James Macharia said that Kenya Airways now awaits other crucial licenses to see it fly direct…
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Global taxi Service Company Uber has spelt out tough guidelines for its customers in Kenyan and the East African, with one risking losing their access to the services, if found breaching the rules.
In a statement, the firm said that while drivers have strict rules of conduct, the new guidelines…
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Barclays Bank Kenya has announced that it will be closing seven branches in the country as a continued plan to optimize its operations. The multinational financial institution said that five branches in Nairobi, one in Meru and another in Voi will stop operations from October 1st.
This will see…
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Kenya will be collaborating with the United States government in the areas of digital economy and cyber security to boost security and protection of information. Information and Communication Technology (ICT) Cabinet Secretary Joe Mucheru has said that the partnership aims at securing information…
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A new report by Global Consultancy firm McKinsey & Company indicates that Chinese firms operating in Kenya have managed to create 127,000 jobs.
According to the report that was released on Tuesday, about 396 Chinese companies are operating in Kenya and about 90 per cent of their employees are…
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World’s largest internet search engine has been slapped with a 2.22 Billion Euro fine by the European Union (EU) antitrust regulators on its Alphabet unit Google on Tuesday for illegally favoring its shopping service.
The European Commission gave Google an ultimatum of 90 days to halt its anti-…
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Kenya and Uganda have re-affirmed their commitment to having the ongoing construction of the Standard Gauge Railway (SGR) line reach Kampala.
In a joint press briefing, Uganda Minister for Works and Transport Monica Azuba Ntege and Kenya’s Cabinet Secretary for Transport James Macharia said that…
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The Central Bank of Kenya (CBK) has issued a license to Mayfair Bank Limited, an institution that is associated with Nairobi gubernatorial aspirant Peter Kenneth to conduct banking business in Kenya.
In a statement, the Central Bank of Kenya said that Mayfair Bank Ltd will increase the choices of…
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A United States wind firm has moved to court accusing the National Land Commission Chairman Muhammad Swazuri of awarding 3,000 acres of land allocated to the firm by the Lamu County government to a local energy firm. The firm,Cordisons International, intended to construct a Sh21 billion wind power…
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The American Cancer Society (ACS) and Clinton Health Access Initiative (CHAI) have helped Kenya enter into a deal with two global drug manufacturers, Pfizer and Cipla. The deal will see Kenya purchase up to 16 cancer drugs at half the market price.
This deal will see a tremendous increase in…
