BUSINESS NEWS
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The British Broadcasting Corporation (BBC) has announced that it will be investing nearly $10 million (Sh1 billion) to construct an Ultra-modern multimedia production studio in Kenya’s capital, Nairobi.
The firm will create more than 250 employment opportunities, according to a senior BBC editor…
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Kenya’s leading Mobile services provider Safaricom has launched tests on a new M-Pesa tool that aims at cutting the transaction process from eight steps to just one. The new technology dubbed M-Pesa 1 tap makes use of near field communication that enables a user to tap his phone or card against a…
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A proposal by President Donald Trump to have the United States reduce its foreign aid by 30 per cent will see deeper cuts in aid to Kenya.
The United States this week suspended aid funds to the Ministry of Health over unmet conditions by Kenya, a move that will be a major blow to the health sector…
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Kenyan telecommunications giant Safaricom on Wednesday announced a Sh48 billion net profit for the fiscal year ending March 31st, 2017, which was a 27 percent increase over the previous year.
Gross revenue stood at Sh212.9 billion, and increase of 8.8 percent over the previous year. It is the the…
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Kenya Commercial Bank (KCB) will be closing several of its branches in war tone South Sudan as a result of deflation of the country’s currency, persistent civil war and run-away inflation that dwindled the bank earnings in 2016.
“KCB board of directors has approved the temporary closure of some…
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Kenya Airways has hired a Polish to spearhead the national carrier’s reversal plan following a series of hard times experienced by the carrier. Sebastian Mikosz will take over the mantle of leadership for the carrier that has registered massive losses in past years.
Sebastian has substantive…
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Dubai has been named one of the leading destinations of choice for more than 15 million visitors annually owing to its magnificent structures; shopping malls and other tourists’ attraction sceneries and Kenyans have not been left behind.
Kenya’s leading Tours and Travel Company, Bonfire Adventures…
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The Kenya Flower Council (KFC) is positive that the transport costs for flowers will lower by half with the nodding of direct flights between Kenya and the United States.
Cargo flights which ship flowers to America from Kenya have to transit at Amsterdam or South Africa which makes the shipping…
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Kenya’s Non-Governmental Organization Coordination Board has suspended the operations of Kalonzo Musyoka Foundation and frozen the NGO’s bank accounts.
The Board’s Executive Director, Fazul Mohamed in a letter dated May 2nd indicated the board took the action because the Foundation has unaccounted…
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Kenya Foreign Affairs Cabinet Secretary Amina Mohamed has embarked on a campaign aimed at strengthening ties between Kenya and the United States of America.
Amina campaigned to have the US help Kenya improve its economic and security situation arguing that the ties will benefit both nations.…
