BUSINESS NEWS

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Nairobi County has for a fifth year in a row received the lion's share of the Sh314 billion shareable revenue allocated to the 47 counties for the 2018/19 fiscal year. Nairobi has been allocated Sh15.8 billion, an increase of Sh300 million from the 2017/18 financial year.  Kilifi County has…
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The Nairobi County Government has announced plans to fly out 300 hawkers, boda boda and matatu operators to Rwanda for a bench marking tour on how to manage their operations in an orderly manner. Speaking to the press on Thursday, the Director of City Inspectorate Peter Mbaya said the tour is part…
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Plans to review the interest rates cap law has received a backing from President Kenyatta, who admitted that the policy has failed to achieve its intention of increasing credit access to traders. Speaking at the Chatham House, London on Tuesday, President Uhuru announced plans by the government to…
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President Uhuru was on Tuesday privileged to open trading at the London Stock Exchange by ringing the bell to mark the beginning of the day's business. Flanked by Cabinet Secretary for Industry, Trade and Cooperatives Adan Mohamed, the President sought to sell Kenya as an investment hub among…
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Safaricom has been named as the best company to work for in Kenya in a new report compiled by recruitment firm Brighter Monday. In its report, Brighter Monday ranked the top 100 best companies to work for in the country. Safaricom was rated the best ahead of multinationals such as Google and…
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Safaricom Chief Executive Officer Bob Collymore has given an update about his health status. In a five-minute video uploaded to the mobile service provider's intranet, Collymore said he is responding positively to treatment and is eyeing a return to the company. “As you can see I have put a little…
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The court has ruled that brewing and consuming muratina during traditional ceremonies is not illegal. In a ruling, Kikuyu Principal Magistrate D N Musyoka said that muratina is part of the Kikuyu traditional customs and cannot therefore be termed as illicit. He judge noted that the Constitution has…
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Kenya Airways (KQ) is edging closer to nonstop flights to the United States following recent inspection of facilities by American officials. Last month, officials from the US security department met Kenya Aviation Authority to ascertain that all the safety measures are in place ahead of the…
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Parking fees for motorists dropping and picking up travellers at the Jomo Kenyatta International Airport (JKIA) have been reviewed upwards, a move that has sparked outrage from Kenyans.  The airport, through its parking service provider Kenya Airports Parking Services announced new parking…
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It has now emerged that Facebook is collecting additional citizen data beyond its users using the Wi-Fi Express program the company unveiled last year in Kenya, Tanzania, Nigeria, India, and Indonesia, the Business Daily reports. This comes at a time when the California-based social networking…