BUSINESS NEWS
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The High Court has placed two Cytonn investment funds under administration following an application filed by the company’s CEO Edwin Dande.
The two funds, Cytonn High Yield Fund (CHYF) and Cytonnn Projects Notes (CPN) have faced extended periods of negative publicity and litigation over delayed…
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The iconic Outspan Hotel in Nyeri has been put up for sale.
The nearly century-old hotel facility is being sold by Knight Frank on behalf of its proprietor Aberdare Safari Hotels (ASH).
The price tag for the luxurious hotel that sits on 20 acres of well-manicured gardens bordering the River Chania…
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Lord Mayor William Russel of the City of London has commended Kenya for its achievements in key sectors including education, technology, infrastructure, manufacturing, and tourism.
Russel, who spoke on Tuesday during a visit at the Kenya Pavilion during the ongoing Expo 2020 Dubai, said the…
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Kenya Airways (KQ) will from this month add more flights to London as it seeks to cash in on the rising demand.
The national carrier said it will operate four flights weekly to Heathrow Airport, up from the current two.
“We shall be adding flights to the UK to four a week with a possibility…
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Kenya Airways (KQ) has jumped 10 places in the latest ranking of global airlines by Skytrax World Airline Awards.
At position 79, the national carrier trailed its regional rival Ethiopian Airlines that was ranked among the top 50 airlines in the world. KQ was placed in the 89th position in the…
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Kenya Airways (KQ) and South African Airways (SAA) on Tuesday signed a memorandum of co-operation that will see the two carriers form a Pan-African airline.
The move is aimed at improving services and keep the two loss-making national carriers afloat.
The CEOs of the two airlines expressed…
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A Chinese construction company has been ordered to hand over 10 housing units at Fourways Junction Kiambu to Equity Bank to settle a debt owed by the owners of the project.
High Court Justice David Majanja directed China Wu-Yi Limited to surrender the houses located at Hibiscus Villas and Tulip…
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US Company Contracted to Build Sh300 Billion Nairobi-Mombasa Expressway Rejects Kenya's Payment Plan
Bechtel, a US engineering company contracted to build the Sh300 billion Nairobi-Mombasa Expressway, has turned down Kenya’s proposal to recoup its investment via toll fees.
The Parliamentary Budget Office (PBO) on Tuesday disclosed that the American company instead wants the Kenya government to pay…
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Kenya Airways (KQ) is on Thursday expected to resume flights to India after a four-month hiatus.
The national carrier suspended flights to Mumbai on April 30th following a spike in COVID-19 deaths and infections in the Asian nation.
In a notice to its customers, KQ announced that the first flight…
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The Jomo Kenyatta International Airport (JKIA) and Moi International Airport, Mombasa have won top global awards.
The two largest airports in the country were feted by the Airports Council International (ACI) for their exemplary customer service.
JKIA bagged the Best Airport by Size and…
