BUSINESS NEWS
4
American tech giant Google has revealed plans to set up its first-ever Africa product development hub in Nairobi.
The new product development centre, which is part of the California-based multinational’s Sh115.5 billion investment on the continent over the next five years, is expected to create…
4
The Treasury has allocated a further Sh36.6 billion to Kenya Airways (KQ) in the next financial year to aid its planned restructuring process.
The allocation brings the total amount of capital injected into the cash-strapped airline by the government to Sh63.2 billion after it was granted Sh26.6…
1
Kenya Airways (KQ) customers lost Sh4.48 billion last year after they let their flight tickets expire.
The loss-making national carrier disclosed the value of expired air tickets in its latest annual report, according to Business Daily.
KQ books revenue from ticket sales whether customers utilize…
8
The Kenya Revenue Authority (KRA) has announced plans to deploy drones in the war against tax cheats.
The tax agency plans to acquire two high-end drones for aerial surveillance of businesses and has invited bids from drone operators.
“The Kenya Revenue Authority invites bids from eligible…
4
The government has announced it will allocate funds to struggling national carrier Kenya Airways (KQ) to help cover its planned restructuring costs.
Treasury Cabinet Secretary Ukur Yatani, while reading his budget statement in Parliament on Thursday, said the national airline will have to meet…
0
The Kenya Bureau of Standards (KEBS) has opened a probe on Kinder Joy chocolate products over health concerns.
This comes after some European markets pulled the product, which is manufactured by Italian candy company Ferrero, from supermarket shelves due to health concerns.
The chocolate product,…
3
Global hotel chain Radisson Blu is set to reopen its outlet in Upper Hill, Nairobi, more than a year after its closure.
The hotel brand, in a statement on Thursday, said the facility will resume operations on May 9th under new management.
“The hotel will reopen on May 9th, 2022, under new ownership…
7
The Democratic Republic of Congo (DRC) has joined the East African Community (EAC).
DRC was officially admitted into the bloc during the 19th Extra-Ordinary Summit of the EAC Heads of State and Government chaired by Kenya’s President Uhuru Kenyatta on Tuesday.
While welcoming DRC to EAC, Kenyatta…
1
President Kenyatta on Thursday presided over the official launch of the Microsoft Africa Development Centre (ADC) in Westlands, Nairobi.
The $27 million (Sh3.1 billion) facility, the first of its kind in Africa, will house the engineering, design, research, and innovation teams, as well as the…
0
American multinational hotel chain Marriott International is set to open its first luxury safari lodge in Kenya.
This is after the Maryland-based company signed an agreement with Baraka Lodges Limited to set up the hotel facility at Maasai Mara National Game Reserve in Narok County.
Dubbed the JW…
