BUSINESS NEWS
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Varian, a US-based radiation oncology treatments and software maker has entered the Kenyan market.
The move comes amid the rising population of cancer patients in the country with many preferring to seek treatment abroad, where services are cheaper and advanced.
Varian, which is headquartered in…
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The recently launched Building Bridges Initiative (BBI) report has proposed tax exemptions for startup businesses in the country.
The report, which was launched by President Kenyatta on Wednesday, recommends a seven-year tax holiday for young people running startups. This means that small and…
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Kenya Revenue Authority (KRA) has been allocated an additional Sh2 billion to hire 1,000 intelligence and enforcement officers to spy on and arrest wealthy tax evaders.
The National Assembly Budget and Appropriations Committee on Tuesday asked the Treasury to give KRA an extra Sh2 billion to enable…
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A new report by the Kenya National Bureau of Statistics (KNBS) shows that only 79,982 employed Kenyans earn a monthly salary of Sh100,000 and above.
This represents an increase of 3,178 (4.1 percent) compared to 2018, making it the highest growth among the salaried workers in the country since the…
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Microsoft co-founder Bill Gates on Friday reclaimed his world's richest person title from his Amazon counterpart Jeff Bezos, who has held the position for the past two years.
Gates’ resurgence is partly attributed to the Pentagon's October 25th decision to award a $10 billion cloud-computing…
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The national government is set to buyout the loss-making Kenya Airways (KQ).
This was revealed by Transport Principal Secretary Esther Koimett while appearing before a Parliament committee on Thursday
The government will purchase shares held by Air France-KLM, local commercial banks and over…
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Kenya Airways needs at least Sh45 billion to return to profitability, the airline’s Chairman Michael Joseph has said.
Speaking during an interview with Citizen TV’s Jeff Koinange in New York, Joseph hit out at the government over what he termed as lack of commitment to turn around the airline’s…
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Kenyan poultry farmers and traders have lamented the influx of imported products from the United States as well as Brazil.
Lobby groups representing poultry farmers and traders expressed fears that last week’s US Trade Mission in Nairobi is likely to open the floodgates for chicken imports from the…
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The United States has maintained its place as Kenya’s top source of tourists, according to the latest data from the Tourism Research Institute (TRI).
The latest TRI data shows that arrivals from the US grew by 8.4 percent (14,617 visitors) in the first nine months of the year.
In the nine months to…
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President Kenyatta on Friday held a meeting with visiting executives of Amazon Web Services (AWS) at State House, Nairobi.
AWS is an enterprise of the United States e-commerce giant, Amazon that offers cloud computing services.
Kenyatta’s meeting with AWS executives led by Vice President…
