BUSINESS NEWS
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The government has issued a new directive requiring all imported cargo at Mombasa port be ferried to Nairobi through the Standard Gauge Railway (SGR).
In a notice, Kenya Revenue Authority (KRA) and Kenya Ports Authority (KPA) said all cargo will be transported through SGR to the Inland Container…
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Equity Bank Managing Director Polycarp Igathe is set to leave the lender at the end of this month, slightly over a year after his appointment.
Igathe, who joined Equity Bank in May 2018, has been named as the new Vice President of Sales and Marketing at Vivo Energy, with his appointment taking…
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Kenya on Thursday sold 200,000 barrels of crude oil, becoming the latest nation to join the league of oil-exporting countries.
President Kenyatta broke the news about the sale of Kenya’s first crude oil during a Cabinet brief at State House, Nairobi on Thursday. He said the country earned $12…
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Nairobi’s DusitD2 Hotel was on Wednesday reopened six months after it was closed following a terror attack that left 21 people dead and several others injured.
The high-end hotel located on Riverside Drive in Westlands area was reopened in a ceremony marked by hoisting of three flags by Kenyan…
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The government will not meddle in Safaricom’s process of picking its new chief executive following the death of Bob Collymore early this month, ICT Cabinet Secretary Joe Mucheru has said.
Mucheru said the government will allow the telecommunications company to select its CEO of choice without…
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Kenya Airways is set to become a State corporation after MPs on Tuesday unanimously approved a proposal by National Assembly Transport committee to nationalize the airline.
The adoption of the proposal paves the way for the government to clear all debts KQ owes to lenders in a bid to nationalize it…
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A new report by a global financial investigative magazine shows that Kenya’s giant betting company, SportPesa made a whopping $1 billion (Sh100 billion) in 2018.
The report by Finance Uncovered said that SportPesa made the billions in Kenya alone last year but this information was never made public…
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Kenyan supermarket chain, Naivas has suspended the sale of red meat in its outlets across the country pending the results of an independent test on its meat stock.
In a statement, the supermarket said the entire stock of red meat in its stores will be subjected to a thorough independent laboratory…
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Kenya Railways Corporation (KRC) is embroiled in a battle for control of Standard Gauge Railway (SGR) billions with a Chinese operator.
KRC is reportedly seeking to take over revenue collection duties from a Chinese company that operates passenger train, Madaraka Express, according to Sunday Nation…
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Giant Kenyan betting company SportPesa has protested the latest move by the government that has paralyzed its operations.
In a statement, SportPesa said the government's directive for withdrawal of its pay bill numbers was illegal, malicious and prejudicial.
The company accused the Betting Control…
