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Business

Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls ill
Business

Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls ill

Kenya Airways (KQ) confirmed on Monday evening that one of its flights travelling from London, United Kingdom, to Nairobi, Kenya, had to turn back due to a passenger experiencing a "medical emergency". The flight had…

Oct 10, 2023
Kenya to Compel Foreigners to Buy Local Health Cover
Business

Kenya to Compel Foreigners to Buy Local Health Cover

Kenya will require all visitors, irrespective of their length of stay, to purchase local health insurance. The insurance industry is expected to benefit significantly from a new requirement directing all visitors comi…

Oct 9, 2023
Kenyans Borrow Sh 20 Billion Airtime in Four Months
Business

Kenyans Borrow Sh 20 Billion Airtime in Four Months

From November 24th to March 31st, Kenyans borrowed Sh19.9 billion worth of airtime through the Safaricom Fuliza overdraft program. The difficult economic climate seems to have triggered an increase in the use of credi…

Oct 9, 2023
Monthly e-Citizen Revenue Crosses Sh2bn Mark Under Single Paybill
Business

Monthly e-Citizen Revenue Crosses Sh2bn Mark Under Single Paybill

August saw a significant surge in revenue generated from fees on State services, reaching an all-time high. This increase can be attributed to President William Ruto's directive for government agencies to utilize a co…

Oct 5, 2023
Microsoft, M-Pesa Africa Partner to Develop Digital Skills for MSMEs
Business

Microsoft, M-Pesa Africa Partner to Develop Digital Skills for MSMEs

Microsoft has joined forces with M-Pesa Africa to offer its support to the Capability Development Academy. M-Pesa Africa recently announced its intentions to facilitate capacity development and digitization for MSMEs…

Oct 5, 2023
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Beware of Fake iPhones in Kenya
Business

Beware of Fake iPhones in Kenya

In Kenya, there have been recent reports of individuals purchasing boxed iPhones that ultimately turn out to be either refurbished, previously owned, or devices with replaced components. Staying up-to-date is essentia…

Oct 5, 2023
How Value of Kenyan Shillings Has Depreciated in a Year
Business

How Value of Kenyan Shillings Has Depreciated in a Year

Kenya has been grappling with a decline in the value of its currency, not only against the dollar but also the euro and pound. The costs of both local and imported products have escalated in recent times. Earlier in 2…

Oct 4, 2023
Kenya's Rising Cost of Living Leaves Low-income Earners Struggling
Business

Kenya's Rising Cost of Living Leaves Low-income Earners Struggling

According to a recent report, the impact of high inflation has been most severe on low-income individuals in Kenya. Rose Ngugi, the director of the Kenya Institute for Public Policy Research and Analysis (KIPPRA), say…

Sep 30, 2023
Kenyan Airline to Pay Woman with Disability Sh400,000 for Discrimination
Business

Kenyan Airline to Pay Woman with Disability Sh400,000 for Discrimination

A Kenyan budget airline has been instructed to pay a sum of Sh400,000 to a woman with a disability for their failure to aid her in boarding their aircraft six years ago. According to High Court Judge Hedwig Ong'udi, t…

Sep 26, 2023
Nairobi Climbs 13 Places on Cheapest Cities for Expats List
Business

Nairobi Climbs 13 Places on Cheapest Cities for Expats List

The depreciation of the Kenyan shilling against major world currencies has resulted in increased salaries for expatriates and a more affordable cost of living in Nairobi. The currency has experienced a decline in stre…

Sep 25, 2023
Safaricom Sued Over M-Pesa Trade Secrets
Business

Safaricom Sued Over M-Pesa Trade Secrets

Safaricom has been unsuccessful in its attempt to halt the progress of a case regarding alleged intellectual property infringement. This comes after Safaricom planned to release a product that resembled an innovator's…

Sep 21, 2023
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
Business

Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August

In August, Kenyans living and working abroad sent home $354.3 million, a decrease of 6.4% from the previous month. This decrease did little to support the country's forex reserves which have been weakening. As of Sept…

Sep 17, 2023
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Central Bank of Kenya Limits Sale of Dollars by Money Remittance Companies
Business

Central Bank of Kenya Limits Sale of Dollars by Money Remittance Companies

The Central Bank of Kenya has placed a restriction on the sale of dollars to individuals through money transfer companies. Reuters reports that recent directives have limited money remittance companies from selling su…

Sep 14, 2023
Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling
Business

Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling

Kenyan banks are currently charging retail dollar buyers up to Sh154 per unit due to the high demand for the currency. The margin between the official exchange rate quoted by the Central Bank of Kenya for the US dolla…

Sep 11, 2023
Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss
Business

Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss

Tuskys Supermarket is facing the risk of losing around Sh6 billion worth of assets after the High Court appointed a liquidator. Barely three months ago, the court ordered the liquidation of Tusker Mattresses Limited…

Sep 5, 2023
Banks Oppose Cabinet Move to Increase Cash Deals
Business

Banks Oppose Cabinet Move to Increase Cash Deals

The Cabinet had proposed to increase the threshold for cash transactions in Kenya to over Sh2 million, but commercial banks have rejected the idea.  Banks are concerned that this will create more opportunities for mon…

Aug 21, 2023
US Ambassador Meg Whitman: Why Finance Act Will Attract American Investors
Business

US Ambassador Meg Whitman: Why Finance Act Will Attract American Investors

United States Ambassador to Kenya Meg Whitman on Monday, June 3, lauded the Finance Act 2023 during a celebration to commemorate the 247th anniversary of the United States' independence at her residence along Kyuna Ro…

Jul 4, 2023
Good News for Farmers as Kenya, Israel Remove Trade Barriers
Business

Good News for Farmers as Kenya, Israel Remove Trade Barriers

 President William Ruto has struck a deal to export tea, coffee, avocado and pineapple to Israel starting June this year. This development comes after the head of state concluded a two-day official visit to Israel on…

May 12, 2023
Ethiopia Grants Safaricom's Mpesa Mobile Money License
Business

Ethiopia Grants Safaricom's Mpesa Mobile Money License

Ethiopia has licenced Safaricom's Mpesa to operate in the diverse and unbanked nation.  Safaricom anticipates outstretching Mpesa services in the region before 2024 in a bid to boost the service profile across the con…

May 11, 2023
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for Kenya's Investment Abroad
Business

Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for Kenya's Investment Abroad

Ethiopia has surpassed Tanzania and Uganda as the leading destination for Kenya's investment abroad, propelled by growth in the neighbouring market.  Kenya's direct investments in Ethiopia stood at Sh60.2 billion in 2…

May 9, 2023
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