BUSINESS NEWS

Kenya Airways (KQ) is slated to resume flights to and from the UK on June 26th after a two-month hiatus. The restart of direct flights between London’s Heathrow Airport and Jomo Kenyatta International Airport (JKIA) follows the lifting of a travel ban imposed by the government of Kenya in April. “…

The World Bank has approved a loan of $750 million (Sh81 billion) to Kenya to support the country’s economic recovery from the COVID-19 pandemic. The international lender said the development policy operation (DPO) loan will help Kenya improve fiscal and debt sustainability through greater…

The Paradise Beach Resort in Kikambala, Kilifi County has been put up for sale. Owners of the popular hotel are looking to sell the establishment for a staggering price of Sh800 million, according to Nation. Paradise Beach Hotel, which is owned by Israeli nationals, sits on a 20-acre parcel of land…

KLM is set to launch direct flights to Mombasa in October targeting leisure travelers. The move is part of its plan to strengthen its presence in East Africa. The October 31st launch will come a month after the termination of its Africa-Europe joint venture partnership with Kenya Airways (KQ) on…

Billionaire Narendra Raval has revealed plans to invest Sh5 billion in reviving Mumias Sugar Company. The tycoon plans to spend Sh4 billion on upgrading the rundown milling plant while Sh1 billion will be used to woo farmers to return to sugarcane production.  Mumias was Kenya’s leading sugar…

The National Assembly on Wednesday passed a motion seeking to exempt Japanese companies, employees, and consultants from paying income tax. This came after the Parliamentary Committee on Delegated Legislation tabled a report recommending the exemption of Japanese workers and companies from income…

President Kenyatta has invited American Small and Medium Enterprises (SMEs) to invest in Kenya through partnerships with their Kenyan counterparts. Speaking during a virtual US Chamber of Commerce Global Leaders’ Forum on Economic Recovery on Tuesday, Kenyatta said more partnerships between Kenyan…

Uganda has inked a Sh5 billion deal with China Roads and Bridge Corporation (CRBC) to rehabilitate its old meter gauge railway.  Once revamped, the 260-kilometer century-old line will be linked to Kenya’s Standard Gauge Railway (SGR) through the Naivasha to Malaba old meter gauge track, which…

Kenya Airways (KQ) has signed an interline agreement with South Africa’s regional airline Airlink. The deal is expected to boost the national carrier’s reach in the South African region via the cities of Johannesburg and Cape Town The agreement will enable KQ customers traveling to South Africa to…

The Nairobi Hospital has laid off over 200 workers as the facility moved to cut expenditure and clear out staff members implicated in a recent graft audit. In a statement, the privately-owned hospital said the fired workers were found to have either performed dismally or involved in unethical…