BUSINESS NEWS
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The Standard Gauge Railway (SGR), which was dubbed the biggest infrastructural project in the history of Kenya made a loss of close to Sh10 billion in its first year of operation.
Figures from the ministry of Transport shows that the railway recorded a loss of Sh9.89 billion since it was…
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A suspected fraud attack at Chase Bank has reportedly paralyzed key services at the lending institution in the last five days.
Since Sunday, customers have not been able to access key services such as debit card transactions and mobile cash transfer services.
Only over-the-counter services…
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A South African national living in Kenya has become the latest winner of a multi-million shilling apartment in the Safaricom's MpesaTu promotion.
49-year-old Eric Lindenberg was handed keys to the Sh7.8million house located in Nairobi, becoming the second Mpesa user to win an apartment in the…
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US-based technology firm Cisco Systems is set to launch an innovation hub in Nairobi later this year.
Cisco seeks to recruit tech enthusiasts in the country with the Sh50 million ($500,000) lab that has a capacity of at least 50 developers per cohort.
The company looks to host different groups…
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Kenya has been ranked Sub Saharan Africa's third most innovative country in the Global Innovative Index (GII) 2018.
The index named access to microfinance loans, innovation linkages and exports of creative services, workforce efficiency, printing and other media as some of the Kenya's strengths.
“…
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The government has denied that the contract for the construction of Sh300 billion Nairobi-Mombasa expressway was awarded to American company Bechtel.
Speaking when he appeared before Parliament’s Implementation Committee, Transport and Infrastructure Cabinet Secretary James Macharia refuted claims…
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The Kenya Revenue Authority (KRA) has formulated new tough regulations in a bid to tame unlicensed tax agents in the country.
The tax agency has published the Tax Procedures (Tax Agents) Regulations 2018 that require all tax agents be members of the Institute of Certified Public Accountants of…
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Deputy President William Ruto has confirmed reports by the media that Kenyan taxpayers are shouldering a whooping Sh30 million per day as operation cost for the Standard Gauge Railway (SGR) passenger train between Nairobi and Mombasa, translating to close to Sh1 billion per month.
In an interview…
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Kenya Airways has been named in the top 100 best companies to work for in the continent of Africa.
The ranking follows a survey that interviewed more than 20,000 African professionals on questions about employee engagement and work conditions.
Most of the respondents mentioned opportunities…
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Chairpersons of a host of top Kenyan companies listed in the Nairobi Securities Exchange (NSE) have emerged as some of the highly paid individuals in corporate sector.
Business Daily has identified the top ten non-executive directors who pocket millions of shillings in salaries, retainers, director…
