BUSINESS NEWS
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Equity Bank CEO James Mwangi is set to build a skyscraper in Kigali, Rwanda’s capital city.
The project dubbed Kigali Financial Towers was approved by the country’s Cabinet last week and will be undertaken by Equity Holding (EH) Venture Capital, an investment arm of Equity Group.
Rwanda Development…
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The Kenya Bureau of Standards (KEBS) has approved the mass production of a Kenyan-made car dubbed BJ50.
Samwel Njogu, the brain behind BJ50 said they received the government’s go-ahead following scrutiny of the vehicles.
Photos of the BJ-50 car went viral on social media in March 2019 when Laikipia…
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The family of the late former president Daniel Arap Moi has sold majority shares in Siginon Aviation.
Reports indicate Senator Gideon Moi, who oversees the operations of the company, sold a 51 percent stake to a Turkish company, Celebi Ground Handling Inc. that has interests in the aviation…
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The World Travel Awards (WTA) has named Kenya as 2020 Africa’s leading tourist destination.
The announcement was made virtually from the UK during the 27th WTA finals that coincided with the Africa Winners Day.
Further to this, Destination Kenya was ranked Africa’s leading destination management…
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The Kenya Revenue Authority (KRA) has moved to curb cases of tax evasion by rolling out a web-based anonymous reporting solution called iWhistle.
Through iWhistle, Kenyans will be able to anonymously report tax-related crimes and provide KRA with tax crime leads.
The web-based system was virtually…
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Giant gaming company, SportPesa has resumed operations in Kenya more than a year after its license was withdrawn by the government.
SportPesa’s trading license was revoked by the Betting Control and Licensing Board (BCLB) in July 2019 over failure to pay taxes amounting to billions of shillings.
In…
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Kenya Airways (KQ) is seeking to introduce a new pay structure for its pilots in a move aimed at lowering the wage bill to keep the airline afloat.
Under the proposed structure, pilots will be paid per trip as opposed to a fixed monthly salary, KQ CEO Allan Kilavula told Business Daily.
Kilavula…
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36 Kenyan fruits and vegetable companies are set to rake in $2.1 million (Sh235.22 million) from the sale of the horticultural products in a virtual Italian trade fair.
The companies bagged the lucrative orders during the recently held Macfrut Digital Trade Fair 2020 edition in what points to a…
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Emirates Skycargo has added 10 more weekly flights to and from Nairobi amid increased demand for Kenya’s horticultural products abroad.
The airline has deployed Boeing 777-300ERs to make the trips to and from the Jomo Kenyatta International Airport (JKIA), ferrying horticulture produce to various…
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Two more giant grocery retailers in Europe have suspended avocado supplies by Kenyan producer, Kakuzi.
UK’s Sainsbury’s and Germany’s Lidl suspended supplies by Kakuzi citing human rights abuse claims against the fruits producer based in Murang’a county.
Days after the UK supermarket chain Tesco…
