BUSINESS NEWS
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National carrier Kenya Airways (KQ) has leased two planes to Congo Airways under a cargo codeshare deal.
The aircraft lease agreement between the two airlines was signed on Monday as they began operating a cargo codeshare partnership.
KQ CEO Allan Kilavuka said the partnership strengthens…
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The proprietors of InterContinental Hotel in Nairobi have put up several movable assets on sale as they prepare to lease out the building or convert it into a mixed-use property.
Garam Auctioneers announced they received instructions to sell many goods including motor vehicles, bedsheets,…
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Kenya Revenue Authority (KRA) has frozen all bank accounts belonging to Kenyatta University over tax arrears.
The tax authority took the step after the institution failed to remit statutory deductions amounting to Sh2 billion. The tax arrears are part of the Sh5.6 billion the university owes…
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The National Assembly is investigating American energy company Ormat Technologies' deals with Kenya Power and Lighting Company (KPLC).
In its filings with the US Securities Exchange Commission (SEC), Ormat says Kenyan MPs have requested details of their operations at Olkaria and agreements with…
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Kenya Airways (KQ) has reduced the number of direct flights to the United States from three to two a week.
The move follows a drop in the number of passengers on the route, with the national carrier recording a cabin factor of below 65 percent compared to over 70 percent between June and the end of…
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When all his six USB cables stopped working despite being brand new, Anthony Muthungu saw a business idea and has never looked back.
Muthungu founded TotoSci Holdings Ltd, Kenya’s first USB cable manufacturing company based in Kirinyaga County.
Before he started making the cables, Muthungu embarked…
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The UK is set to invest Sh20 billion into President Uhuru’s Big Four projects, including manufacturing and affordable housing.
The new government and private investment were announced by UK Foreign Secretary Dominic Raab on Tuesday as President Kenyatta began his three-day visit to London. …
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The owners of the building that housed InterContinental Hotel in Nairobi are mulling leasing it out or converting it into a mixed-use property.
Kenya Hotel Properties (KHP) wants to hire a consultant to advise on a change of business model for the building following the closure of InterContinental…
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Kenya Airways (KQ) has launched a training course for aspiring drone pilots as part of its plan to diversify its revenue streams in the wake of reduced passenger demand.
The training program offered by the national carrier through its Fahari subsidiary targets those interested in operating drones,…
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Kenyatta International Convention Centre (KICC) could loss some of its assets over a Sh450 million tax debt owed to Kenya Revenue Authority (KRA).
In her 2018/2019 report to parliament, Auditor-General Nancy Gathungu says the State corporation’s failure to pay the huge tax arrears may attract…
