BUSINESS NEWS
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A US Congress investigative committee has demanded it be served with key documents of the proposed Sh43 billion sale of border patrol aircraft to Kenya by the United States meant to be used in subduing the Al Shabaab in Somalia.
The House of Representatives Oversight and Government Reform Committee…
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The government through Environment Cabinet secretary Judi Wakhungu has announced that it will be extending the ban on plastic bags use to plastic bottles in the continued attempts to curb environmental pollution.
The move will require water bottlers and manufacturers of soft drinks and juices to…
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The Mombasa-Nairobi new Standard Gauge Railway (SGR) is set to begin operations after the official launching by President Uhuru Kenyatta on May 31st in an event that will be attended by senior officials from the Chinese Government.
State House Spokesperson Manoah Esipisu confirmed that China will…
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American pretzel chain Mr Pretzel is set to be the latest US fast food chain to enter Kenya, a growing market for fast foods.
Mr Pretzel has announced it is partnering in a franchise model with Kenyan bakery company Snackbyte to launch and operate Mr Pretzel outlets in the country. The initial…
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Kenyans on Thursday flocked supermarkets and stores to scramble for the government subsidized maize flour, which prompted the stockists to limit the number of packets of the commodity one could buy.
Several supermarkets in Nairobi, Nyeri, Kisumu, Kakamega, Eldoret, Thika, and Nakuru reported…
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Volvo Group has announced that it will be investing Ksh2.5 billion in assembly plant in Mombasa that will serve the growing East African market. Volvo Trucks President Claes Nilsson said the assembling plant will only be the third assembly in Africa after South Africa and Morocco and will…
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Kenya has received a major boost as far as petroleum exportation is concerned after more oil has been discovered in South Lokichar basin in Turkana. Oil drilling firm Tullow Oil disclosed that it had discovered oil in the Emekuya-1 well in the basin just weeks after more oil had been discovered in…
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President Uhuru Kenyatta has negotiated an additional $3.59 (Sh359 billion) billion grant from China to facilitate the extension of the Standard Gauge Railway (SGR) from Naivasha to Kisumu.
The head of state secured the grant that will be available immediately at a meeting with Chinese President XI…
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A US-based lobby group has filed a petition with American trade authorities challenging Kenya’s plan to band second hand clothes imports, commonly known as mitumba.
East African Heads of State in 2015 agreed to work on together to block second hand clothes imports in an aim to revive the local…
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In a fresh twist of events surrounding the importation of maize in Kenya to ease the current shortage, the Mexican Government denied exporting 30,000 tonnes of the grain to Kenya.
The Mexican embassy in Kenya in a statement on Monday said that it had no declarations on any commercial dealings with…
