BUSINESS NEWS

Kenya Airways (KQ) says it suffered losses amounting to Sh300 million following aviation workers' strike on Wednesday. The strike called by the Kenya Aviation Workers Union (KAWU) entirely paralyzed operations at the Jomo Kenyatta International Airport (JKIA). Thousands of travelers who had booked…

American television star and makeup guru Kylie Jenner has been named world's youngest billionaire. The 21-year-old socialite and entrepreneur made it to the Forbes Magazine's 2019 billionaire list released on Tuesday. The Los Angeles-born model, who has entered billionaire's club for the first time…

Kirinyaga Governor Anne Waiguru has signed a deal with an American firm to set up of a coffee shop in New York City. Governor Waiguru says that the agreement will allow Kirinyaga coffee farmers to sell their produce directly to the American market. Waiguru says the New York-based firm…

Amazon has launched a service that allows Kenyan shoppers to pay for goods in cash. Under the new service, Kenyan e-commerce customers will pay for items in cash at any Western Union outlet near them. The service dubbed, Amazon PayCode, has been launched in Kenya (Africa) and nine other countries…

Members of Parliament have threatened to block Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge's reappointment to the position. The MPs accuse Njoroge of enacting stringent banking regulations, especially on bulk transactions. Led by National Assembly Majority Leader Aden Duale and his…

The Postal Corporation of Kenya (PCK) has struck a partnership deal with US-based logistics company Seagate to offer doorstep delivery services to Kenyans. The partnership allows Kenyans to buy items from international e-commerce companies and have them delivered to their doorsteps. Under the deal…

The government has lifted a ban imposed on fish imported from China. A ban on fish imports from the Asian country took effect in November last year after President Kenyatta's directive. This came after local traders complained to the President that cheap Chinese fish that had flooded the Kenyan…

Nairobi's InterContinental Hotel is reportedly on the verge of being auctioned over a debt amounting to hundreds of millions. The Daily Nation reports that the luxury hotel located in Nairobi central business district is broke and is currently burdened by liabilities that outweigh its income.…

A company linked to Mombasa County Governor Ali Hassan Joho has landed a lucrative Standard Gauge Railway (SGR) deal that could see it rake in billions of shillings. The Daily Nation reports that the company, which is allegedly owned by Joho, is among two firms that have signed a deal with Kenya…

Airtel Kenya and Telkom Kenya have announced they have struck an agreement to merge the two telecommunications companies. In a statement, the two mobile service providers say the deal will see them merge their mobile, enterprise, and carrier services to form a single joint venture named Airtel-…