BUSINESS NEWS
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Transport and Infrastructure Cabinet Secretary James Macharia says the planned construction of an overpass from the Jomo Kenyatta International Airport (JKIA) will begin soon.
Macharia says engineers are putting final touches on the design of the 28-kilometre bridge that will run from JKIA to…
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Moi International Airport (MIA) in Mombasa is set to undergo a major upgrade at a cost of Sh7 billion.
Transport Cabinet Secretary James Macharia says the funds will be used to refurbish airside pavements and airfield lighting system in the facility.
The upgrade, the Cabinet Secretary says, aims at…
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The Kenya Revenue Authority (KRA) has once again failed to meet its tax collection target in the three months ended September, 2018.
Latest data from the National Treasury shows the taxman fell short of the collection target by a whooping Sh60.46 billion.
The government expected KRA to net Sh 380.…
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A newly released survey report has ranked Nairobi as the most expensive city to live in the continent of Africa.
The survey, dubbed Cost of Living in Cities around the World: Prices and Earnings 2018, was carried out by UBS, a global bank headquartered in Basel, Switzerland.
The research which was…
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Uber is planning to launch minibus service targeting congested estates in Nairobi.
Uber’s East Africa General Manager Loic Amado says the service will be rolled out in Nairobi if the ongoing tests on the product in Egypt and Mexico are successful.
Uber says more than a third of Nairobi residents…
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Kenya Airways has reportedly reduced the number of flights flying directly on the newly launched Nairobi-New York route due to low demand
The airline's management attributes the low booking of tickets to effects of winter which has just started and hence the decision to cut back the number of…
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The cost of printing new-look Kenya currency has gone up by 50 percent to Sh15 billion from the initial Sh10 billion, Central Bank of Kenya has announced.
The increase is as a result of introduction of a new coat of varnish by the printer, Business Daily reports. The varnish is expected to reduce…
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Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO). Kibati takes over the position from Aldo Mareuse who has left the telecommunications company to pursue other interests after two years at the helm.
Kibati, the immediate former Group CEO of Sanlam Kenya takes over the…
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Kenya Airways plans to launch flights to other destinations in the United States including Atlanta and Washington, DC, the airline's chairman Michael Joseph has announced.
Last week,Kenya Airways launched daily direct flights between Jomo Kenyatta International Airport (JKIA) and JFK International…
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Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company.
Speaking during an interview with Bloomberg, the tycoon refused to reveal the identity of the company but notes that the firm operates in Kenya and Tanzania.
This development come months after he said he had…
