BUSINESS NEWS
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President Kenyatta has downplayed concerns raised by critics over the huge debt Kenya owes China.
In an interview aired on CNN, the President questions why Kenya's debt critics only talk about loans taken from China while there are many other countries that lend money to Kenya.
Uhuru says Kenya has…
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The government has announced plans of borrowing $2.8 billion (Sh287 billion) in Eurobonds offers and syndicated loan before the end of 2018 to finance the 2018/2019 budget, Bloomberg reports.
National Treasury Principal Secretary Kamau Thuge says the government is seeking to raise Sh250 billion…
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Kenya Airways' maiden direct flight to the United States has received a water salute upon touching the ground at the JKF International Airport in New York.
The Boeing 787-8 Dreamliner (5Y-KZE) plane KQ002 landed at the New York airport at 7:44am on Monday.
Water salute normally occurs for…
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Kitui Governor Charity Ngilu has launched the first-ever garment making factory by a County government in Kenya since the inception of devolution.
Ms Ngilu says the factory named Kitui County Textile Centre (KICOTEC) will provide direct employment opportunities to more than 600 residents of Kitui…
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Retired President Mwai Kibaki is planning to build a multi-billion shilling mini-city comprising of a five-star hotel near Menengai Crater in Nakuru.
The investment's promoters say the decision to set up the luxurious hotel is informed by increased global interest in the crater that last…
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The International Monetary Fund (IMF) claims that Kenya is artificially manipulating the shilling in order to make it appear strong.
In a statement quoted on Bloomberg, the Washington-based global body that gives loans when countries are in financial crisis says that the local unit is 17.5 percent…
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Kenya Airways' maiden direct flight to the United States lies in limbo after aviation employees threatened to go on strike.
In a notice, the Kenya Aviation Workers’ Union (Kawu) cites Kenya Airway’s failure to agree with its workers on special pay and working conditions for the much…
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Cable News Network (CNN) anchor Richard Quest has began his tour to Kenya. Quest arrived in the country on Monday and visited Nairobi's Karura Forest for a morning run in the company of celebrated Kenyan athlete Eliud Kipchoge.
Later, the New York-based journalist interviewed Kipchoge who last…
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Kenya Airways has sold out tickets for its maiden direct flight to the United States one week to the October 28th official launch.
The national carrier's website indicates that tickets for the historic flight to JFK International Airport in New York are fully booked and the next available tickets…
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President Kenyatta is next month expected to travel to China to secure market for Kenyan products.
The President will lead a delegation of Kenyan farmers in signing of a deal for exportation of avocados, mangoes, cashew nuts and other farm produces from Kenya to the Asian country.
Kenyatta and his…
