BUSINESS NEWS

Central Organization of Trade Unions (Cotu) secretary-general Francis Atwoli has been recognized as a Platinum Elite Life Time Member of Kenya Airways. Kenya Airways (KQ) awarded Atwoli on Tuesday for being a long-time customer of the national carrier. KQ in a statement said the veteran trade…

President Kenyatta on Monday witnessed the signing of a detailed private sector agreement aimed at expanding trade and investments between Kenya and the US. The agreement was signed between the Kenya Private Sector Alliance (KEPSA) and Corporate Council on Africa (CCA)—the largest umbrella body of…

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…

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…

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…

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…

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…

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…

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…

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…