BUSINESS NEWS

Kenya earned Sh51.85 billion from exports to the United States in 2019, according to data by the Central Bank of Kenya (CBK). This represents a growth by Sh4.51 billion (9.53 percent) from the previous year, making it the fastest pace in five years. The 2019 earnings make the US the second-largest…

Jambojet CEO Allan Kilavuka has been confirmed as the new Chief Executive Officer of Kenya Airways. The appointment of Kilavuka, who has been serving as the airline’s CEO in an acting capacity since December 16th, 2019, was confirmed by Kenya Airways Board of Directors on Thursday and takes effect…

After a 12-year ban, Kenya has opened doors for wheat imports from three US states. In a statement on Wednesday, the US Department of Agriculture (USDA) said the prohibition was lifted following an agreement between Kenyan President, Uhuru Kenyatta and his US counterpart Donald Trump. The move will…

Kenyan companies have thrown their weight behind the proposed free trade agreement between Kenya and the United States. Through their lobby, Kenya Private Sector Alliance (Kepsa), the Kenyan companies said the agreement between Nairobi and Washington would open more export and import opportunities…

Kenya’s giant mobile operator Safaricom on Tuesday announced the rollout of SIM cards with new 0110 and 0111 prefixes. The introduction of the new prefixes comes after the phasing out of the vintage 07xx prefix. Safaricom said SIM cards with the new prefixes will be given to customers free of…

Safaricom has revealed plans to launch Kenya’s first fifth-generation (5G) mobile internet services before the end of this year as it looks to capitalize on the increasing mobile internet use among Kenyans. Acting Safaricom CEO Michael Joseph said the company had already completed testing and…

United States technology company, Google has abandoned plans to acquire a stake in Kenya’s Lake Turkana Wind Power (LTWP). Google had submitted a bid to buy a 12.5 percent stake in LTWP but ended the quest over delays in the project, Denmark-based company, Vestas announced on Monday. The 310-…

President Kenyatta on Thursday held a meeting with US President Trump at the White House in Washington, DC. During the meeting, the two leaders agreed to initiate negotiations on a free trade agreement between Kenya and the US, America’s first such deal with a sub-Saharan nation. “Kenya is a…

Kenya and the United States have signed a new Air Transport Agreement that will grant all-cargo airliners from the two nations express rights. In a statement on Wednesday, the US government said the agreement that was signed on the basis of mutual benefits will add seventh-freedom traffic rights…

US President Donald Trump will on Thursday host Kenyan President Kenyatta at the White House in Washington, DC. The two leaders will advance the discussions that begun when Kenyatta last visited the White House in August 2018, according to a statement released by the White House Press Secretary…