BUSINESS NEWS

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Passengers flying Kenya Airways' flights are now allowed to choose their preferred seats in Economy Class, the national carrier has announced. Kenya Airways says the new product aims at improving the guests’ travel experience and will allow travelers reserve a seat with an extended legroom for a…
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12 Kenyan non-profit enterprises are set to receive Sh200 million grant funding from Google. The 12 Kenyan firms beat more than 1,000 other nonprofits and social enterprises who were fighting to get the fund and training from the company under the Google Impact Challenge programme. Impact,…
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The Central Bank of Kenya (CBK) has refuted reports by the International Monetary Fund (IMF) claiming that the country has overvalued the shilling in a bid to make it remain strong against the United States dollar. While dismissing the reports, CBK Governor Patrick Njoroge says IMF used the wrong…
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The National Environment Management Authority (Nema) has cleared Deputy President William Ruto's Sh600 million beach hotel that is under construction near the Indian Ocean in Mombasa. Stephen Wambua, the Nema boss in Mombasa says the agency has cleared the construction of the hotel after it…
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Moody’s Investor Service has warned that Kenya could lose some of its key assets to China over piling debt. In its newly-unveiled report, Moody’s, a global credit rating firm with headquarters in the US, says Kenya is among countries that are at high risk of losing key assets. Moody’s notes that…
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The United States sold military weapons worth Sh14.6 billion to Kenya in 2017. Latest data from the US government shows that this is highest arms purchase by Kenya in the last 10 years. The purchase also places Kenya second among African countries in weapons trade with President Donald Trump's…
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The government spends more than Sh1.5 million daily to maintain Thika Superhighway, records from the Kenya National Highways Authority (KeNHA) show. This makes the highway built during President Mwai Kibaki's administration the most expensive road to maintain in the country. Nairobi News reports…
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A new report compiled by the Kenya National Highways Authority (KeNHA) has named some of the most expensive roads in the country. In the document, KeNHA lists Dongo Kundu Bypass in Mombasa as the most expensive road in the history of Kenya. The highways agency says the the nine-kilometer stretch of…
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Uber has launched a Boda-Boda service that will allow commuters in Nairobi to hail motorbikes using the Uber app. The new product, dubbed uberBODA, adds to Uber's growing number of services in Kenya, which include uberX, uberPOA, uberCHAPCHAP and uberSELECT. The unveiling of uberBODA in Nairobi…
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The Kenya Revenue Authority (KRA) says it will auction 568 cars that have overstayed at the port of Mombasa after importers failed to pick them. In a gazette notice, KRA says it has given owners of the vehicles 30 days to clear them failure to which they will be auctioned.  Joseph Kaguru, the…