BUSINESS NEWS
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American company Ring has inked a partnership with Nairobi-based tech company Mart Networks to introduce smart home security devices to the Kenyan market.
The deal signed on Thursday will see Mart Networks deliver home security products that are accessible and effective.
Ring, which is owned by…
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The Exim Bank of the USA has slapped the Treasury with a default notice for delayed payment of a Sh57.8 billion loan that the government guaranteed Kenya Airways (KQ).
Treasury Principal Secretary Chris Kiptoo told Parliament that the US-backed financier served the default notice after Kenya failed…
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Trade representatives from Kenya and the US are set to hold an in-person first round of conceptual discussions under the Strategic Trade and Investment Partnership (STIP) in Washington, DC, from February 6th to 10th.
The US delegation will be led by Assistant Trade Representative Connie Hamilton…
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Kenya Airways (KQ) has announced that its net earnings for the year ending December 31st, 2022, will decline by at least 25 percent.
In a profit warning notice to stakeholders, the KQ board said the drop was occasioned by forex losses but expressed confidence that it is a one-off loss.
KQ board…
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Kenya is set to lodge a formal complaint with the Netherlands after the country’s flag carrier airline KLM canceled flights to Kenya and Tanzania citing fears of ‘civil unrest’.
Transport Cabinet Secretary Kipchumba Murkomen on Saturday termed KLM’s claims of civil unrest in Kenya as “unfounded,…
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The United States government has committed $30 million (Sh3.7 billion) for the expansion of a data center in Nairobi.
Africa Data Centres (ADC) broke ground on the project at its data centre facility in Sameer Business Park along Mombasa Road on Thursday.
The project will see the existing…
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Detectives in Nairobi have arrested six suspects in connection with the production of fake Kenya Revenue Authority (KRA) stamps.
The suspects, Peter Mburu, James Kigera, Frankline M’Mburia, Mary Wanjiku, Titus Ndegwa, and Jane Muthoni, were arrested in different parts of the city on Wednesday.
They…
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American satellite internet provider Starlink has announced it will launch in Kenya in the second quarter of this year.
Starlink, which is owned by US billionaire Elon Musk, said it is “pending service coverage or regulatory approval”.
Business Daily reports that Kenyans can order and deposit $99 (…
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The East African Community (EAC) is currently working on a plan to have a common currency by 2027.
The announcement was made by the regional bloc’s Secretary-General Dr. Peter Mathuki during a five-day retreat for all EAC officials at Maanzoni Lodge in Machakos County.
Mathuki noted that the EAC…
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Kenya Airways (KQ) has issued a statement regarding the flight disruptions currently being experienced by the airline.
KQ CEO Allan Kilavuka said the disruptions were a result of delays in getting back its aircraft which are undergoing scheduled maintenance, adding that there has been a global…
