BUSINESS NEWS
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RwandaAir is planning to launch nonstop flights to the United States.
If cleared, RwandaAir will compete for passengers with Kenya Airways (KQ), which launched direct flights between Jomo Kenyatta International Airport (JKIA) in Nairobi and New York's JFK Airport three months ago.
RwandAir is…
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After accumulating debts amounting to Sh1 billion, Ukwala Supermarket has begun the process of shutting down.
The retailer chain has made an application in court seeking permanent closure of its business.
“The company is applying to be liquidated because of its indebtedness and inability to meet…
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Facebook has announced plans to open an office in Kenya.
The Nairobi office will serve as a content review center, employing several tech-savvy Kenyans.
I.T News Africa reports that the California-headquartered giant company will open the office in collaboration with a leading digital employer,…
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Kenya's oldest and one of the most famous supermarkets, Ebrahim, has shut down.
The Business Daily reports that Ebrahim has closed down its only remaining branch on Nairobi's Moi Avenue, bringing to an end its 75 years of operation in Kenya.
The closure comes days after the retailer offloaded…
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Car dealers under the Kenya Auto Bazaar Association (KABA) have written to President Kenyatta over the proposed age limit for second-hand imported vehicles.
KABA has pleaded with President Kenyatta to scrap the Draft National Automobile Policy which was established by the Trade, Industry and…
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The Kenya Bureau of Standards (Kebs) has suspended the permit issued to Nuteez peanut butter manufacturer, Jetlak Foods Ltd.
In a statement, the agency has also directed Jetlak to withdraw Nuteez peanut butter brand from the market after it was found to contain high levels of dangerous aflatoxin.…
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Ethiopian Airlines (ET) is set to launch new flights to New York's JF Kennedy International Airport.
The Ethiopia government-owned national carrier says it will fly to JFK Airport thrice a week beginning June 2019.
The new US route will add to Ethiopian Airlines' existing flights to the Newark…
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Jetlack Food Limited, the company that makes Nuteez peanut butter, says it has withdrawn the product from Kenyan and Ugandan shelves.
This comes days after Kenya's
Ministry of Health declared the food product as unfit for human consumption.
The Ministry says laboratory tests carried out in…
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A French technology company that was caught up in rigging claims during Kenya's 2017 presidential elections has won a new Sh6 billion government tender.
Business Daily reports that OT Morpho which rebranded to IDEMIA in 2018, has been awarded the tender for the upcoming mass biometric…
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Equity Bank has been ranked as the most expensive lender in Kenya.
A new report on how banks charge for loans shows that borrowers will get loans at the highest cost at Equity Bank than at any other Kenyan lender.
For instance, a customer seeking to borrow Sh1 million one-year unsecured…
