BUSINESS NEWS
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Kenyans traveling between Nairobi and Mombasa using the Standard Gauge Railway (SGR) passenger train will pay Sh300 more beginning next month in revised charges.
Passengers on the economy class will be charged Sh1,000 for a one-way ticket on the train service between the route, bringing the end of…
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A social media account belonging to a data mining company associated with President Kenyatta and his US counterpart Donald Trump's presidential campaigns has been suspended by Facebook.
In a statement on Friday, Facebook Inc announced it has suspended the account of Strategic Communication…
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A United States firm, Alliance Laundry Systems has launched the first-ever laundromats in Kenya.
The commercial laundry company is targeting entrepreneurs from urban centres in Kenya and will give them a full laundromat store. It will also provide operational and technical support to them.
The firm…
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Global soft drinks manufacturer Coca-Cola has admitted that one of their brands, Dasani water is contaminated with micro-plastics.
The giant firm's admission comes a day after the release of a study showing that Dasani was one of the 93 per cent of world’s famous bottled water products, that…
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A Kenyan-based firm has manufactured a modern boat, the first one of its kind to be made in the East African region. The locally manufactured vessel was assembled by Mombasa-based Associated Vehicle Assemblers (AVA).
AVA is one of the assemblers of some global top brands including; Toyota and…
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An audit report by KPMG has put former Nairobi Governor Evans Kidero on the spot over missing Sh21 billion.
The report indicates that Sh21.89 billion was not accounted for in the handover report by Kidero when current Governor Mike Sonko was assuming office in August last year.
“More than Sh21.89…
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Kenya has reacted to concerns by the United States that Chinese loans were pushing African countries, including Kenya into unsustainable debt, that has weakened their ability to generate employment opportunities for jobless youth.
Addressing the press in Nairobi on Thursday, Foreign Affairs Cabinet…
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180 Kenyans defied last year's sluggish economy to enter the exclusive club of dollar millionaires. This effectively increased the number of individuals with a net-worth of more than Sh500 million to 1,290.
A new report indicates that the turbulent economic times precipitated by drought and…
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Kenyans could soon pay higher interest rates for loans taken from commercial banks following new plans to reverse a law that capped the rates at 14 percent.
This follows pressure on Kenya by the International Monetary Fund (IMF) to either repeal or replace the law that controls interest rates.
In…
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Nairobi has been identified as one of the cities where the ambitious flying cars plan will be launched.
McFly.aero, the firm behind the ambitious project said plans are underway to set up the infrastructure for air taxis service in 23 cities in 13 countries; including Nairobi.
The project will see…
