BUSINESS NEWS
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20 Kenyan-based fashion start-ups have been selected for the third class of the British Council’s Creative DNA Program.
Launched in 2020, the program is funded by the Foreign Commonwealth Office to develop skills, knowledge, and global networks for local fashion designers.
The British Council said…
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The government is seeking the World Bank’s support to fund the Kenya Digital Superhighway Project.
On Monday, ICT Cabinet Secretary Eliud Owalo held consultations with World Bank officials led by Isabel Neto, Eastern Africa’s Digital Development Sector Director, and Dr. Tim Kelly, Lead ICT Policy…
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US President Biden’s administration has included the proposed bilateral trade pact with Kenya in its 2023 agenda.
In the 2023 Trade Policy to Congress on March 1st, the Office of the United States Trade Representative said it expects to “make rapid progress” in negotiating 11 pillars of the…
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Transport Cabinet Secretary Kipchumba Murkomen says the government is still looking for a strategic partner to buy out Kenya Airways’ Sh170 billion debt.
Appearing before the Senate Transport and Infrastructure Committee on Friday, Murkomen said the exchequer plans to stop funding for the national…
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Three Kenyan MPesa users have filed a lawsuit against Safaricom over its Fuliza overdraft facility.
Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi claim Fuliza uses money belonging to non-borrowing MPesa users and that Safaricom is engaged in banking and financial business despite not being a bank…
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Safaricom has announced a Sh23.4 billion dividend payout for its stakeholders, which is equal to Sh0.58 per ordinary share.
In a statement on Monday, the giant telco said its board approved the payout following a meeting on February 24th.
“The Board of Safaricom PLC is pleased to announce that at…
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Trade Cabinet Secretary Moses Kuria has announced he will help the owner of China Square to set up a manufacturing plant in Kenya.
Through Twitter, Kuria said this will enable the Chinese investor to work in partnership with local traders from Gikomba, Nyamakima, Eastleigh, Kamukunji, Muthurwa, and…
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Investments, Trade and Industry Cabinet Secretary Moses Kuria wants the now popular China Square on Thika Road to exit the Kenyan market.
Through Twitter on Friday night, Kuria said he has made an offer to buy out the lease for the Chinese retailer whose shop is located at the Unicity Mall built by…
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Username Investment Ltd. recently donated Kshs 500,000 in support of needy but bright students sponsored under Affecto Foundation. The event was held at Affecto Foundation Head Office in Ruiru.
“For 4 years now, Username Investments has partnered with Affecto Foundation to support needy and bright…
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American multinational financial services company JPMorgan Chase will set up a regional office in Nairobi.
This was announced by President Ruto after holding talks with Daniel Zelikow, the Vice-chairman and Global Head of JPMorgan Public Sector Group, at State House, Nairobi, on Tuesday.
Ruto said…
