BUSINESS NEWS
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Kenyan IT business leader Kendi Ntwiga has been appointed the Global Head of Misrepresentation at Meta based in Ireland.
Kendi assumed the role last month after leaving American tech giant Microsoft where she served as the Country Manager for Kenya since January 2020,
Her new role involves leading…
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The operator of the Nairobi Expressway has warned motorists against paying toll fees to toll attendants through MPesa.
Moja Expressway, a subsidiary of the China Road and Bridge Corporation (CRBC) which is responsible for designing, financing, and building the 27-kilometer highway, said the…
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American tech giant Microsoft Corporation has appointed Kenyan Catherine Muraga as the new Managing Director for its Nairobi engineering hub—the African Development Centre (ADC).
Muraga replaces Jack Ngare, who is leaving the organization to join Google Cloud as a technical director in the Office…
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The Kenya Commercial Bank (KCB) has taken over the luxurious English Point Marina Hotel in Mombasa over an unpaid loan amounting to over Sh5 billion.
Business Daily reported that the bank placed Pearl Beach Hotels, the mother company that owns English Point Marina, under statutory management over a…
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The Higher Education Loans Board (HELB) is set to borrow Sh22 billion through a bond to fund the acquisition of laptops for university students.
HELB CEO Charles Ringera said the board’s plan to issue its first social bond has been approved by the Treasury and the Capital Markets Authority (CMA).
“…
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The National Assembly Finance and National Planning Committee has rejected the Treasury’s bid to introduce taxes on essential commodities such as maize flour.
Through the Finance Bill 2022, the National Treasury was seeking to remove maize, cassava, and wheat flour from the tax-exempt list, a move…
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The iconic White Rhino Hotel in Nyeri has been put up for auction, according to a notice placed in local dailies.
As reported by Business Daily, Garam Investments Auctioneers intend to sell the 111-year-old facility located at the heart of Nyeri town opposite the Nyeri Sports Club on June 2nd.
The…
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Nairobi is the only African city that made it to the list of top 45 global cities that posted growth last year, according to the latest Prime Global Cities Index by Knight Frank.
As reported by Business Insider, Nairobi was ranked 32nd, posting a 3.5 percent change in luxury residential prices in…
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Six African tech startups have been listed by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022.
The WEF Technology Pioneers are described as early to growth-stage companies from around the globe that are pioneering new technologies and…
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The United States Chamber of Commerce has faulted President Biden administration over its continued delay in concluding a trade agreement with Kenya.
Kenya and the US are yet to sign a deal more than two years after the two countries initiated negotiations for a free trade agreement (FTA) under…
