BUSINESS NEWS
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The government has given millions of sports’ gamblers in Kenya 48 hours to withdraw funds deposited in betting companies’ wallets or lose them.
This means gamblers have until Friday night to withdraw the cash following the directive issued on Thursday by the Ministry of Interior.
The…
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The late Kenyan billionaire Njenga Karume’s Jacaranda Hotel in Nairobi's Westlands area is set to be auctioned over Sh257.6 million debt.
The four-star hotel has been put up for auction to recover the huge debt owed to Guaranty Trust Bank, reports Business Daily.
Guaranty Trust Bank has…
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A US investment company filed a lawsuit against a Kenyan farmers' co-operative society over failure to service a loan that has now accumulated to Sh36.6 million.
Root Capital Incorporated, an investment company based in Massachusetts, has sued Nyeri's Tekangu Coffee Farmers’ Co-operative Society…
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US coffeehouse chain Starbucks has refuted reports appearing in a section of local media claiming that it was planning to enter the Kenyan market.
A representative of Taste Holdings, the brand’s South Africa-based franchise holder told Business Daily that there were no such plans.
“We have no…
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Safaricom interim CEO Michael Joseph has defended the decision by the company's board to appoint him to the position following the death of Bob Collymore.
This comes after questions were raised on why the board did not settle on one of the Kenyan senior Safaricom officials.
Speaking during an…
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Safaricom has announced that all shops across the country will close for four hours on Thursday in honor of their late CEO Bob Collymore.
The telecommunications company said the outlets will remain closed from 10:30 am to 2:30 pm during Collymore's memorial service at All Saints Cathedral in…
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Kenyan politician Martha Karua has criticized the appointment of Michael Joseph as Safaricom's interim CEO.
Joseph was picked by Safaricom Board to serve in the position on an acting capacity following the death of Bob Collymore.
“Following the passing of the company’s CEO, at a Special Board…
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Safaricom has apologized to its subscribers after erroneously sending a threatening message on Saturday morning.
Several Safaricom subscribers were left in shock after receiving a message from the mobile service provider company threatening to close down their Sim cards if they failed to load…
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More than one million Kenyans are yet to file their tax returns with Kenya Revenue Authority (KRA) four days before Sunday’s June 30th deadline.
KRA told Business Daily that 1.3 million taxpayers were yet to file their returns and risk being slapped with huge fines if they fail to do so before…
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Kenyan businessman Benedict Kabugi Ndung’u has filed a lawsuit against telecommunications company Safaricom.
Ndung’u accuses the giant mobile service provider company of breach of privacy in handling data for its millions of customers.
In his class action suit, the petitioner wants the court to…
