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Business

Kenya Seeks New Financing From IMF
Business

Kenya Seeks New Financing From IMF

Kenya is seeking yet another financing from the International Monetary Fund as the International lender is embarking on its mission in the country this week.  Kenya seeks to foster economic resilience and solve balanc…

May 8, 2023
New List of Kenya's Little-Known Firms Earning Billions Revealed
Business

New List of Kenya's Little-Known Firms Earning Billions Revealed

Little-known Kenyan firms providing digital services in trade facilitation, agriculture and healthcare have emerged as the fastest-growing businesses in Africa, according to a new report that ranks Nairobi as the thir…

May 3, 2023
Kenya Airways, China Southern Airlines Renew Suspended Interline Deal
Business

Kenya Airways, China Southern Airlines Renew Suspended Interline Deal

Kenya Airways (KQ) and China Southern Airlines (CZ) have renewed their interline agreement which was suspended following the Covid-19 outbreak in 2020. The deal will restore connectivity for KQ and CZ passengers to po…

Apr 28, 2023
Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the US
Business

Kenya Gov’t Urged to Suspend ‘Dangerous’ Trade Negotiations with the US

Econews Africa and the Kenya Small Scale Farmers Forum have called for the suspension of the ongoing trade negotiations between Kenya and the US, terming them dangerous.  Econews Executive Director Edgar Odari demande…

Apr 13, 2023
Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion
Business

Kenya Airways Reports Worst Ever Full Year Loss of Sh38.2 Billion

Kenya Airways (KQ) has posted a Sh38.2 billion net loss for the full year ending December 31st, 2022, the worst-ever loss in the airline’s history. The loss grew 58.2 percent from Sh16 billion in a similar period in 2…

Mar 27, 2023
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Kenya's Equity Group Ranked Fourth Strongest Banking Brand Globally
Business

Kenya's Equity Group Ranked Fourth Strongest Banking Brand Globally

Kenya’s Equity Group has been ranked among the strongest banking brands globally. Equity jumped one place to fourth position in the World’s Top 10 Strongest Banking Brands, according to the 2023 Brand Finance’s Brand…

Mar 21, 2023
Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity
Business

Boost for Kenya as Pakistan Declares Tea an Essential Import Commodity

Kenyan tea farmers are set to earn more from the export of tea to Pakistan after the South Asian nation declared the commodity an essential import. The country exports about 50% of its tea to Pakistan, making it the w…

Mar 18, 2023
Kenya to Receive $1 Billion Loan from the World Bank
Business

Kenya to Receive $1 Billion Loan from the World Bank

The World Bank has approved a Sh32 billion increase in Kenya’s loan request, with the country now set to receive $1 billion (Sh129 billion) in budgetary support by June 30th. The disbursement, under the Development Po…

Mar 15, 2023
Five Kenyan Startups Selected for Inaugural Google Accelerator Program
Business

Five Kenyan Startups Selected for Inaugural Google Accelerator Program

Women Founders Africa Program has selected five Kenyan startups for the inaugural Google for Startups Accelerator program. The 12-week program is aimed at empowering and supporting women founders across the continent…

Mar 14, 2023
Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit
Business

Kenya Inks a Deal to Import Fuel from Saudi Arabia, UAE on Credit

Kenya has inked a deal with Saudi Arabia and the United Arab Emirates (UAE) to import oil products on credit terms for six months. Nation reports that the deal was sealed on Friday after the government floated a tende…

Mar 13, 2023
20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubator
Business

20 Kenyan-Based Fashion Start-Ups Selected for British Council Incubator

20 Kenyan-based fashion start-ups have been selected for the third class of the British Council’s Creative DNA Program. Launched in 2020, the program is funded by the Foreign Commonwealth Office to develop skills, kno…

Mar 8, 2023
Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Project
Business

Gov’t Seeks World Bank Support to Fund Kenya Digital Superhighway Project

The government is seeking the World Bank’s support to fund the Kenya Digital Superhighway Project. On Monday, ICT Cabinet Secretary Eliud Owalo held consultations with World Bank officials led by Isabel Neto, Eastern…

Mar 6, 2023
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US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda
Business

US Gov't Lists Trade Pact with Kenya on Its 2023 Agenda

US President Biden’s administration has included the proposed bilateral trade pact with Kenya in its 2023 agenda. In the 2023 Trade Policy to Congress on March 1st, the Office of the United States Trade Representative…

Mar 6, 2023
Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion Debt
Business

Gov’t Seeks a Strategic Partner to Buy Out Kenya Airways Sh170 Billion Debt

Transport Cabinet Secretary Kipchumba Murkomen says the government is still looking for a strategic partner to buy out Kenya Airways’ Sh170 billion debt. Appearing before the Senate Transport and Infrastructure Commit…

Mar 4, 2023
Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Service
Business

Three Kenyans Sue Safaricom for Sh305 Billion Over Fuliza Overdraft Service

Three Kenyan MPesa users have filed a lawsuit against Safaricom over its Fuliza overdraft facility. Gichuki Waigwa, Lucy Nzola, and Godfrey Okutoyi claim Fuliza uses money belonging to non-borrowing MPesa users and th…

Mar 3, 2023
Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout
Business

Safaricom Shareholders to Receive a Sh23.4 Billion Dividend Payout

Safaricom has announced a Sh23.4 billion dividend payout for its stakeholders, which is equal to Sh0.58 per ordinary share. In a statement on Monday, the giant telco said its board approved the payout following a meet…

Feb 27, 2023
CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufacturing Plant in Kenya
Business

CS Moses Kuria Offers to Help China Square Owner to Set Up a Manufacturing Plant in Kenya

Trade Cabinet Secretary Moses Kuria has announced he will help the owner of China Square to set up a manufacturing plant in Kenya. Through Twitter, Kuria said this will enable the Chinese investor to work in partnersh…

Feb 26, 2023
Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market
Business

Trade CS Moses Kuria Wants China Square to Exit the Kenyan Market

Investments, Trade and Industry Cabinet Secretary Moses Kuria wants the now popular China Square on Thika Road to exit the Kenyan market. Through Twitter on Friday night, Kuria said he has made an offer to buy out the…

Feb 25, 2023
Username Investments Donates Sh500,000 Towards Education Sponsorship
Business

Username Investments Donates Sh500,000 Towards Education Sponsorship

Username Investment Ltd. recently donated Kshs 500,000 in support of needy but bright students sponsored under Affecto Foundation. The event was held at Affecto Foundation Head Office in Ruiru. “For 4 years now, Usern…

Feb 23, 2023
JPMorgan Chase to Set Up a Regional Office in Nairobi
Business

JPMorgan Chase to Set Up a Regional Office in Nairobi

American multinational financial services company JPMorgan Chase will set up a regional office in Nairobi. This was announced by President Ruto after holding talks with Daniel Zelikow, the Vice-chairman and Global Hea…

Feb 22, 2023
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