BUSINESS NEWS

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…

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.…

Swedish-Kenyan company Opibus has introduced the first African-designed and manufactured electric bus in Kenya as part of its efforts to bring clean energy to public transportation.  Opibus, which was the first company to make electric motorcycles in Kenya, plans to launch the bus commercially…

The United Arab Emirates (UAE) has lifted a ban on passenger and transit flights from Kenya and 11 other African countries. Passengers from Kenya, Tanzania, Ethiopia, Nigeria, Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia, and Zimbabwe will be able to travel to the UAE from…

Nyandarua potato farmers and co-operatives could soon start supplying their produce to US fast-food restaurant chain Kentucky Fried Chicken (KFC). This comes after the county government of Nyandarua and KFC agreed on an outline that will entice farmers in the county to sell their potatoes to the…

American fast-food restaurant Kentucky Fried Chicken (KFC) says it cannot disclose the quality standards Kenyan farmers wishing to supply it with potatoes must meet. The food retail giant told Business Daily that it cannot share such information due to what it termed as proprietary restrictions. “…

Kuku Foods East Africa, the local KFC franchise holder has explained why the fast-food restaurant does not source potatoes from Kenyan farmers. Kuku Foods CEO Jacques Theunissen says it is mandatory for all suppliers of food KFC sells worldwide to undergo global quality assurance vetting before…

Kenya Airways (KQ) has increased the frequency of its direct flights to the United States to meet the rising demand for travel this festive season. The national carrier will now operate five flights per week between Jomo Kenyatta International Airport (JKIA) in Nairobi and JF Kennedy International…

A nine-year battle for the control of Naivas supermarket has come to an end following a ruling by the Appeals Court on Monday. Justices Roselyn Nambuye, Fatuma Sichale and Sankale ole Kantai ruled that the complainant Newton Kagiri Mukuha has no stake in the giant supermarket chain after running…

Kenyan fintech Kwara has raised $4 million (Sh450 million) seed funding to help local SACCOs turn into modern digital banks. The capital will see the start-up further develop its neobank app that will enable people to sign up with their preferred SACCOs to access various financial services.  “…