BUSINESS NEWS

The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the weekend received a major boost. This was after nearly 200 foreign tourists landed at Moi International Airport (MIA) in Mombasa on Saturday aboard a chartered flight. The Boeing 737-800 plane arrived at…

Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to pass the Sh1 trillion balance sheet mark. The milestone was achieved following the successful migration of DR Congo’s Banque Commerciale Du Congo (BCDC) to Equity’s core banking platform. Equity has…

Safaricom has announced the reduction of MPesa transaction charges by as much as 45 percent.  The move is in line with the Central Bank of Kenya (CBK) directive requiring mobile money operators to submit new tariff structures that meet new principles such as transparency, fairness, and…

Kenya Airways (KQ) and Air France KLM Group have agreed to mutually terminate their Africa-Europe partnership. The airlines’ joint venture on seven routes between Europe and Africa will cease on September 1st, 2021. “This development allows Kenya Airways to offer additional options and convenience…

Kenya Railways has slashed by half the fare of the new express rail service to Jomo Kenyatta International Airport (JKIA) from Nairobi CBD. During the launch of the new service on December 7th, the agency announced commuters would be charged Sh500 for the 20-minute trip.  But in a move aimed…

The government has given car dealers until December 31st, 2020, to import vehicles registered in 2013. Kenya Bureau of Standards (KEBS) managing-director Bernard Njiraini said the Certificate of Roadworthiness issued for motor vehicles whose year of first registration is 2013 will be invalid in the…

Kenya and the United Kingdom on Tuesday finalized the signing of a strategic Economic Partnership Agreement (EPA). The post-Brexit trade pact was signed in London by Kenya’s Trade Cabinet Secretary Betty Maina and British International Trade Minister Ranil Jayawardena. Under the agreement,…

Kenya Airways (KQ) has announced it will offer discounts on ticket prices as it resumes directs flights to and from the US on Sunday. Through Twitter on Sunday, the national carrier said travelers who book flight tickets before December 10th will enjoy discounted prices. “Welcome back to the Big…

Kenya Airways (KQ) is this weekend scheduled to resume direct flights to the US after an eight-month hiatus accessioned by the Covid-19 pandemic. The national carrier had initially planned to relaunch the New York nonstop flights on October 31st but the resumption date was pushed to November 29th…

The High Court has ordered the dissolution of Africa Merchant Assurance Company (Amaco), an insurance firm linked to Deputy President William Ruto. This came after the 22-year-old insurance company failed to settle a Sh10.2 million debt it owes to six individuals. Justice Margaret Muigai ordered…