BUSINESS NEWS
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Transport and Infrastructure Cabinet Secretary James Macharia has expressed optimism that Jomo Kenyatta International Airport (JKIA) will be cleared for nonstop flights between Nairobi and New York.
The CS said the final security audit of the Nairobi airport by American authorities, which…
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Jomo Kenyatta International Airport (JKIA) is set to undergo a final audit by the American security agencies starting Monday.
This audit will determine whether Kenya Airways will be granted authority to operate nonstop flights between Nairobi and New York.
The five-day audit is being carried out by…
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Retired President Mwai Kibaki has had his staff, catering and car maintenance costs for the next financial year trimmed to Sh87 million.
The National Treasury cut the budget allocated to the office of former president in the ongoing attempt to ease taxpayers’ burden of keeping the ex-head of states…
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Failing to reverse a wrong M-Pesa transaction will attract a fine of up to Sh200,000 or a 2-year prison term or both, the Computer and Cyber Crimes Act, 2018 which was ratified by President Kenyatta on Wednesday states.
The new law has spelled out tough consequences for individuals who defraud…
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High income earners could be be subjected to taxation of up to 35 percent in a new Bill by the National Treasury.
Treasury Cabinet Secretary Henry Rotich in a newly published Income Tax Bill says the move is aimed at increasing income tax revenues by Sh68 billion. The increased tax rate targets…
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American construction company Bechtel Executive is set to begin work on the Sh300 billion Nairobi-Mombasa expressway.
The road will be built and owned by a private investor after the Kenyan government declined to take a loan to fund the mega highway, in a bid to curb the ballooning public debt.
On…
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The government has disposed 400 tonnes of contraband sugar into the Indian Ocean.
The destruction of the Sh28 million commodity was supervised by Industrialisation Cabinet Secretary Adan Mohamed and his Tourism counterpart Najib Balala. The sugar was smuggled into Kenya from Dubai and was…
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Kenyans have been warned of the resurgence of an international phone calls scam that has seen several unsuspecting people across the world lose millions of shillings worth of credit.
In a statement, Communication Authority (CA) issued a fresh warning on 'Wangiri fraud', which hit Kenya four months…
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Nairobi's popular curio market, Maasai market located opposite Sarit Center in Westlands has been demolished.
The famous market was brought down under heavy police presence on Thursday morning in anticipation of protests by stall owners.
Reports indicate that the market was demolished by Kenya…
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Kenya's telecommunications giant Safaricom on Wednesday announced a Sh55.29 billion profit for the year ending March 31st, a 14.1 percent increase compared to Sh48.4 billion the previous year.
The results, largely driven by M-Pesa and data revenues, were announced by the telco's Chief Finance…
