BUSINESS NEWS
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Kenya Airways (KQ) has threatened to fire pilots who will participate in next week’s strike after talks between the airline management and the pilots’ union collapsed.
KQ CEO Allan Kilavuka said efforts to negotiate with the pilots at a meeting chaired by Central Organization of Trade Unions (Cotu…
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The family of opposition leader Raila Odinga is among 225 Kenyans who have failed to claim assets worth billions of shillings held by the government.
The Unclaimed Financial Assets Authority (UFAA) told The Standard Business that Odinga’s family is yet to claim millions of cash belonging to Raila’s…
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President Ruto has said the United States has overtaken the United Kingdom to become Kenya's premier trading partner.
Ruto, who spoke during the Mashujaa Day celebrations at Uhuru Gardens on Thursday, said Kenya will continue strategic engagements with key development partners like the US and the…
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President Ruto has announced that the Hustler Fund, which will provide collateral-free loans at single-digit rates to low-income earners to start businesses, will be operationalized by December.
Ruto, who spoke during the inauguration of Thiba Dam in Kirinyaga on Saturday, urged small traders and…
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Kenya's problems with ballooning public debt became clear after the country defaulted on payment of Chinese loans for the construction of the Standard Gauge Railway (SGR).
Citing Treasury documents, Business Daily reports that Chinese lenders fined Kenya Sh1.312 billion ($10.8 million) for loan…
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The Nairobi County government has halted plans to revoke the licenses of 43 nightclubs and bars that were earmarked for closure over noise pollution.
Nairobi Deputy Governor Njoroge Muchiri said their administration is committed to protecting businesses and will not shut down any bars as long as…
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Kenya Commercial Bank (KCB) has seized the luxurious English Point Marina in Mombasa for a second time over a Sh5.2 billion debt.
This is after the Appeals Court lifted an order by High Court judge Dora Chepkwony blocking the lender’s appointed receiver-manager Kamal Anatroy Bhatt from taking over…
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President Ruto has renewed calls for free trade within the East African Community (EAC), saying border challenges have affected the region’s untapped growth.
Ruto, who spoke during Uganda’s 60th independence anniversary celebrations on Sunday, said there is an urgent need for EAC member states to…
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The completion of the Nairobi Bus Rapid Transport (BRT) system on Thika Superhighway is taking longer due to financing delays, an official has said.
Nairobi Metropolitan Area Transport Authority (NAMATA) Director-General Eng. Francis Gitau told Citizen TV that the National Treasury is yet to…
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Kenya Airways (KQ) has dropped three places in the latest ranking of the top 100 airlines in the world in 2022.
Skytrax World Airline Awards, which rates the world’s best carriers, placed KQ in position 81 in this year’s ranking compared to 79th in 2021.
On the African level, Ethiopian Airlines…
