BUSINESS NEWS
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National carrier Kenya Airways (KQ) has contracted a British aviation company to investigate an incident where two planes collided at Jomo Kenyatta International Airport (JKIA) earlier this year.
KQ will reportedly pay Aviation and Aeroscope Consulting Services (ICF) Sh25 million to probe the…
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The government is working on a policy that will be used to tax online streaming services such as YouTube and Netflix.
Communications Authority (CA) director-general Francis Wangusi said the ICT ministry is in the final stages of developing the framework that will target foreign online streaming…
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Two weeks after President Kenyatta announced that Kenya had joined the league of oil-exporting countries after selling its first 200,000 barrels of crude oil, details of the sale deal have emerged.
At the time, Kenyatta said the country earned $12 million (about Sh1.2 billion) from its maiden sale…
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Embattled Kenyan tycoon Humphrey Kariuki on Tuesday stepped down as the Chairman of his group of companies over allegations of evading taxes amounting to billions of shillings.
Kariuki, who has been serving as Chairman of Janus Continental Group (JCG), vowed to fight the tax evasion allegations,…
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Reports have emerged that building of the planned multi-billion-shilling Nairobi-Mombasa expressway by American engineering company, Bechtel was delayed after it was established that the cost of the project was highly inflated.
The United States reportedly stopped funding for the state of the art…
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A United States marijuana company is seeking to be listed on the Nairobi Securities Exchange (NSE).
Bangi Inc., which deals with the cultivation and processing of Cannabis Sativa, announced that its board had approved its cross-listing on NSE.
“A dual listing in Africa would be a natural step for…
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All the 2,000 people working at Kenya’s East African Portland Cement (EAPCC) have been laid off.
EAPCC Chief Executive Officer Stephen Nthei said all job positions in the company were declared redundant and all employees released.
The NSE-listed cement manufacturer has reportedly been making an…
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Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business Personality Award at the Voice Achievers Award. The prestigious award seeks to recognize outstanding men and women who have made substantial contributions towards the advancement of Africa and…
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Microsoft has appointed Jack Ngare as the first Managing Director of its newly launched Africa Development Centre (ADC) in Nairobi.
Ngare leaves Equity Bank, where he has been serving as the MD of the lender’s virtual mobile money operator, Finserve for the past one and half years.
Prior to…
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Kenyan billionaire businessman Chris Kirubi has pocketed an extra $2 million (about Ksh.200 million) following the sale of one of his company, the BiC brands East Africa franchise. last year.
The tycoon sold the company to French conglomerate Société BIC, the original owners of the brand, in 2018…
