BUSINESS NEWS
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The Kenya Private Sector Alliance (KEPSA) has announced the recruitment of the first cohort of Kenyan businesses under the Kenya-US Small and Medium Enterprises Trade Initiative.
The 25 local SMEs will be provided with sector-specific information on business opportunities in the US market as they…
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US-based financial consultancy company Seabury Consulting has commenced its role of advising Kenya Airways (KQ) on its restructuring process.
The national carrier in February appointed Seabury, a subsidiary of professional services giant Accenture, to help reorganize the airline as it seeks to…
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The Biden administration has given an indication of a possible resumption of trade talks between the US and Kenya.
The two nations commenced negotiations for a free trade agreement (FTA) in July 2020, with a view of drafting a comprehensive agreement that would act as a model for similar pacts…
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Keroche Breweries CEO Tabitha Karanja has pleaded with President Kenyatta to intervene in the company’s ongoing tax row with Kenya Revenue Authority (KRA), which has paralyzed its operations.
In a media briefing on Friday, Karanja warned that they will be forced to lay off 250 workers in the next…
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A new wealth report shows that there are 908 high net worth individuals (HNWIs) in Kenya aged 40 and below.
The 908 are self-made dollar millionaires, with a net worth of at least $1 million (Sh113 million), including their primary residence, according to the Knight Frank 2022 Wealth Report.
This…
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Wealthy Kenyans imported over 300 helicopters from South Africa at the height of the Covid-19 pandemic in 2020, it has emerged.
Recent data from the South African Revenue Service (SARS) shows that a total of 325 helicopters valued at Sh3.6 billion were brought in from South Africa in the year that…
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Kenyan Small and Medium Enterprises (SMEs) are set to benefit from the US-Kenya SME Trade Initiative Program.
The program that is co-organized by the Kenya Private Sector Alliance (KEPSA) and Corporate Council on Africa (CCA) targets small enterprises that are eyeing the global market or those that…
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The United Arab Emirates (UAE) is set to establish an innovation and entrepreneurship center in Kenya.
The announcement follows last week’s bilateral talks between President Kenyatta and His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of…
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Central Bank of Kenya (CBK) on Thursday invited the public to submit their views on the introduction of a virtual version of the Kenya shilling.
This is the first time the State monetary authority is seeking the opinion of Kenyans regarding a central bank digital currency (CBDC) as it looks to keep…
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Kenya Airways (KQ) has cut the number of direct flights linking Nairobi to the US city of New York.
The national carrier told Business Daily that it has reduced the frequency of trips on the route from five to three per week due to low passenger demand. The demand for direct flights to John F.…
