BUSINESS NEWS
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The Kenya Bureau of Standards (KEBS) has dismissed claims of the existence of plastic rice in the country. KEBS Managing Director Evans Ongwae says their market surveillance team embarked on efforts to ascertain whether the claims were true, but after conducting several surveys and collecting…
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The United States Secretary of Commerce Wilbur Ross has asked Kenya and African countries to fulfill their obligations under the terms of Agoa, a special trade program of considerable benefit to Kenya.
The Agoa program offers Kenya with over 66,000 jobs, which earned the country Sh35.2 billion in…
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A Kenyan local investment group which is partly backed by the Kenyan diaspora community has bounced back to profit on lower costs and a tax credit.
Fountain Enterprise Program (FEP) Group announced that it has made a Sh106.01 million profit in year ended December 2016, compared to a loss of Sh905.7…
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Kenya Airways has moved an inch closer to flying direct flights to the United States, after the Department of Transportation (DOT) granted it the first set of licenses.
The Airline has received “exemption authority” license from the DOT, granting it a nod to launch flights to the US so long as it…
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The Government of Kenya has explained the reason why it decided to hire Trump-connected US lobbying firm, SPG. The Kenyan Embassy in Washington, DC said that the firm was hired by Kenya to help block a threat to the sizable trade benefits the country receives through the Agoa program.
The Embassy…
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Mayfair Insurance, a company related with former Gatanga Member of Parliament and Nairobi gubernatorial contestant, Peter Kenneth, has been rated highly by South African Global Credit Rating (GCR) firm.
The positive rating of the Firm is based on prudent risk management and strong margins.…
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United States-based engineering and construction firm Bechtel has opened an office in Nairobi that will serve as the region’s infrastructure works headquarters, as foreign investors continue to show their confidence in Kenya as an investment hub.
The San Francisco-based firm offers financing,…
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The US Transportation Security Administration (TSA) officials will be in Kenya in October to carry out final audit on Jomo Kenyatta International Airport, setting the stage for Kenya Airways to start direct flights to United States next April.
If the audit is successful, Jomo Kenyatta International…
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In a bid to cement ties with the United States, The Government of Kenya has entered in a one-year agreement worth $1.2 million (Sh123 million) with a Washington lobby firm which has close ties to US president Donald Trump.
According to US Justice Department documents, the Ministry of Foreign…
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Kenya has announced that it will be shipping out crude oil drilled from Turkana oilfields three times per year. This month, the country anticipates ferrying about 2,000 barrels per day from Turkana via road to storage tanks in Mombasa.
Petroleum principal secretary, Andrew Kamau has said the…
