BUSINESS NEWS
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Kenya's public debt is expected to rise to Sh5.6 trillion by June, 2019 and Sh7 trillion by the time President Kenyatta exits office in 2022.
The 2018 annual public debt management report tabled in Parliament by National Treasury Cabinet Secretary Henry Rotich on Wednesday shows that the country's…
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Depositors will soon begin feeling the pinch following the scrapping of deposit floor by Finance Act 2018.
Following the enactment of the law, banks have started slashing interest earned on deposits. The act removed the floor that required lenders to pay at least 70 percent of Central Bank of Kenya…
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Safaricom has announced it will from midnight, Wednesday increase the prices of voice calls, SMS and internet bundles in line with the Finance Act 2018.
In the revised tariffs, Safaricom CEO Bob Collymore says charges for voice calls and data will go up by 30 cents, and 10 cents for SMS charges.…
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President Kenyatta was on Tuesday forced to discard a written speech he had prepared to read during an event with small scale traders in Nairobi.
During a Small and Medium Enterprises Roundtable meeting at Strathmore University, traders highlighted their grievances before the President, exposing…
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Cash-strapped former Kenyan giant retail chain Nakumatt has announced the closure of one of its most popular outlets in Nairobi.
In a notice, the Supermarket said Nairobi's Nakumatt Mega branch will cease to be operational from October 15th and urged customers to shop at the remaining outlets in…
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Planned Nairobi's Bus Rapid Transit (BRT) system has received a major boost after Isuzu East Africa unveiled two types of high-capacity buses for the project.
The automobile company said each of the two buses will have a capacity of between 62 and 100 passengers and a speed limit of up to 60…
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Kenyans transacted a staggering Sh1.9 billion through mobile money platforms within a period of three months, the Communication Authority of Kenya (CA) has announced.
In a new report, the Communication Authority reveals that Safaricom's Mpesa had the highest number of transactions from April to…
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President Kenyatta is next week expected to preside over the launch of Kenya Airways' inaugural direct flight to the United States.
Speaking to the media at State Lodge, Kakamega on Sunday, State House Spokesperson Kanze Dena said the President will officially launch KQ's maiden nonstop flight to…
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Kenya's giant telecommunications firm Safaricom has been ranked the 67th best employer in the world, and position one in Africa.
This was revealed in the newly released Forbes’ Global 2000 list of the World’s Best Employers.
The ranking shows that Safaricom had a total of 5,434 employees as of June…
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Safaricom has announced cash prizes for ethical hackers who responsibly unearth bugs or vulnerabilities in the Safaricom system.
Safaricom says the ethical hackers will pocket between Sh25,000 ($250) and Sh200,000 ($2,000) if they are able to disclose bugs in any of its products and services. The…
