BUSINESS NEWS

President Kenyatta is this week scheduled to hold talks with his United States counterpart Donald Trump in Washington, DC. The meeting between the two leaders comes as Kenya and the US prepare to start negotiations on a free-trade agreement (FTA), America’s first such deal with a sub-Saharan nation…

The Kenya Bureau of Standards (KEBS) on Thursday banned the sale of 17 maize flour brands. In a statement, KEBS said the affected maize meal brands were found to contain high levels of aflatoxin, making them unsafe for human consumption. As a result, the State agency ordered the immediate…

Kenya Airways has announced plans to lay off some of its workers in what the management terms as a restructuring move. In an internal memo addressed to staff members, Kenya Airways acting CEO Allan Kilavuka indicated that the layoff was part of Operation Pride, a turnaround program aimed at…

Officials from Kenya are early next month set to meet with their United States counterparts to negotiate on a Free Trade Agreement (FTA) between the two nations. Kenya, alongside Morocco, is set to be the first country in sub-Saharan Africa to benefit from a free trade agreement with the US,…

The government, through the Kenya Roads Board (KRB), is set to issue a KSh150 bond to enable it to finance various infrastructure projects across the country. The money will be used to fund the development, maintenance and rehabilitation of roads countrywide, according to Transport and…

American tycoon Calvin Burgess has reportedly sold out his multi-billion-shilling farm in Kenya following what he termed as frustration by politicians. Burgess allegedly sold the 3,700-acre Dominion Farms in Siaya County to the affluent Rai family, according to a gazette notice dated January 13th,…

Kenya is at risk of missing out on early access to a United States multi-million-dollar development program due to high corruption rates. The country was ranked 137 out of 180 countries in the latest Transparency International’s Corruption Perceptions Index (CPI), indicating that only a little has…

In a move that could revolutionize Kenya’s insurance industry, a 26-year-old Kenyan woman has launched the country’s first digital car insurance company. Jihan Abass, the founder and CEO of Griffin Insurance, on Friday unveiled the company’s flagship mobile application that allows customers to pay…

Acting Safaricom CEO Michael Joseph has disclosed he sold off his entire shares in the giant telecommunications operator. Joseph, who is Safaricom’s founding Chief Executive, owned 1.17 million shares in the mobile service provider company but sold all of them in the course of the financial year…

Ethiopian Airlines has revealed plans to build a mega airport at a cost of USD5 billion (KSh500 billion). The construction of the modern facility will commence later this year in Bishoftu, a town located 39 kilometers southeast of Addis Ababa, according to Ethiopian chief executive officer…