BUSINESS NEWS
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French state broadcaster France Medias Monde has expressed its interests to enter into the increasingly competitive Kenyan television space.
A Kenya Gazette notice published on Friday shows that the French giant broadcaster, which owns among others, the France24 channel, has applied for a license…
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The Kenya Rugby Union has expressed fears that the 50 per cent taxation imposed on betting firms by the Kenyan government could have a negative impact on sports sponsorships in the country.
Kenya Rugby Union Chief Executive Officer Ronald Bukusi in a statement to the media argued that sponsorships…
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Nairobi has been named as the most attractive city in Middle East and Africa (MEA) for global Fortune 500 companies, shows a new report.
The report that was released by Infomineo, a global business research company that specializes in Africa and the Middle East, focuses on multinationals looking at…
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President Uhuru Kenyatta and Nairobi Governor Evans Kidero on Saturday honored pioneer businessman Gerald Gikonyo with ‘Keys to the City’.
The ceremony was held at State House, Nairobi to honor the chairman and founding member of the multi-billion shilling Rwathia Group, a conglomerate of numerous…
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Former Safaricom CEO Micahel Joseph has been appointed to the board of MFS Africa, a South African technology company.
Michael Joseph will serve as a non-executive director to help strengthen MFS Africa’s relationships with banks, mobile network operators, and money transfer organizations.
MFS…
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Kenyans have been warned against investing their hard-earned money in Ponzi-like investment schemes.
The Central Bank of Kenya together with the Sacco Societies Regulatory Authority (SASRA) say investors in lured into such unlicensed schemes with promises of huge and quick returns end up losing…
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Nairobi tycoon Mr. Gerald Gikonyo was on Thursday honored with Keys to the City by Nairobi Governor Evans Kidero.
Mr. Gikonyo, 104 years old, is a pioneering businessman in Nairobi and co-founder of Rwathia Group of Companies, which owns a conglomerate of about tens of businesses in downtown…
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The Kenya Revenue Authority (KRA) has opened an amnesty period to Kenyans holding assets abroad and those who have income abroad to declare the them by one 30th, 2018 and file tax returns for the year ending 2016 and prior years.
Those holding offshore bank accounts will need to declared the funds…
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All Kenyan citizens 70 years and older will receive a monthly stipend as well free medical insurance from the government starting in January, 2018, Treasury Cabinet Secretary announced on Thursday.
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Rotich said the…
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The government has intervened to stem the rising prices of maize flour in Kenya by removing Value Added Tax (VAT) and duty free importation of maize for the next four months. The VAT exemption was also applied to bread for the same period of time.
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