BUSINESS NEWS
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Two rich Kenyan families, the Kenyattas and the Ndegwas are set to form Kenya's third largest bank following the announcement of a possible merger of Commercial Bank of Africa (CBA) and National Industrial Credit Bank (NIC).
If successful, the merger will create the third-largest lender by assets…
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Transport and Infrastructure Cabinet Secretary James Macharia has announced plans by the government to ban 14-seater matatus from Kenyan roads.
Macharia says the government has procured 11 commuter trains and 64 high-capacity buses as part of plans to phase out the 14-seater Public Service Vehicles…
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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…
