BUSINESS NEWS

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…

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…

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.…

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…

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). “…

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…

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…

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…

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.…

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…