BUSINESS NEWS
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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 its people.…
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The United States Embassy in Nairobi has told visa applicants that the Embassy is only accepting old Kenyan currency notes at the moment.
In a statement on Tuesday, the Embassy said they are still developing procedures to accept the new Kenyan banknotes unveiled early this month by the Central Bank…
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Ethiopian Airlines has launched three weekly flights to New York's John F Kennedy (JFK) International Airport.
The airline said the new flights to New York will make stopovers in Abidjan, Ivory Coast (West Africa).
Ethiopian currently operates four other weekly flights to Newark, via Lome (Togo).
“…
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Kenyan billionaire businessman Chris Kirubi is set to receive $2.3 million (about Sh230 million) in dividends from Centum Investment.
This comes after the listed private equity company announced a profit of Sh4.44 billion ($43.7 million) for the financial year ended in March 2019.
The profit…
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The Central Bank of Kenya (CBK) has defended the presence of Jomo Kenyatta's image on the new generation banknotes.
In its response to a case filed by activist Okiya Omtatah, the CBK dismissed the petitioner's claims that the new currency violates the constitution since it bears an image of Kenya's…
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12 luxury vehicles smuggled into Kenya from the United Kingdom have been impounded at the Mombasa port.
The Business Daily reports that the high-end cars worth millions of shillings were seized by officers from the Kenya Revenue Authority (KRA).
Confirming the seizure, KRA Customs and Border…
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Former Kiambu Governor William Kabogo is set to sue Safaricom and other Kenyan telecommunications companies over internet data expiry date.
Kabogo accused the mobile service providers of exploiting Kenyans, arguing that customers should be allowed to use data bundles purchased until completion.…
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United States-based fast food chain Burger King has revealed plans to spend more than Sh270 million annually to open new branches in Kenya.
This is part of the restaurant's plan to expand its footprint in the Kenyan market.
Under the expansion plan, Burger King looks to launch up to three new…
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Kenya's Ministry of Transport has reduced the number of high-capacity buses it was set to import from South Africa from 64 to 32.
The ministry had earlier made orders for 64 buses meant for the Nairobi's bus transit transport (BRT) at a cost of Sh1.6 billion.
Transport Cabinet Secretary James…
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Nairobi has been named Africa’s leading business travel destination at this year’s 26th Annual World Travel Award (WTA).
The Kenyan capital emerged the winner after beating other popular African cities including Cairo (Egypt), Lagos (Nigeria), Accra (Ghana), and South Africa's Cape Town, Durban,…
