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Business

Kenya Airways Threatens to Fire Pilots Taking Part in Next Week’s Strike
Business

Kenya Airways Threatens to Fire Pilots Taking Part in Next Week’s Strike

Kenya Airways (KQ) has threatened to fire pilots who will participate in next week’s strike after talks between the airline management and the pilots’ union collapsed. KQ CEO Allan Kilavuka said efforts to negotiate w…

Oct 27, 2022
Raila and Karume Families Fail to Claim Idle Assets Worth Millions of Shillings
Business

Raila and Karume Families Fail to Claim Idle Assets Worth Millions of Shillings

The family of opposition leader Raila Odinga is among 225 Kenyans who have failed to claim assets worth billions of shillings held by the government. The Unclaimed Financial Assets Authority (UFAA) told The Standard B…

Oct 26, 2022
Ruto: US Has Overtaken the UK as Kenya's Premier Trading Partner
Business

Ruto: US Has Overtaken the UK as Kenya's Premier Trading Partner

President Ruto has said the United States has overtaken the United Kingdom to become Kenya's premier trading partner. Ruto, who spoke during the Mashujaa Day celebrations at Uhuru Gardens on Thursday, said Kenya will…

Oct 20, 2022
Hustler Fund: President Ruto Pledges Single-digit Interest Rate Loans by December
Business

Hustler Fund: President Ruto Pledges Single-digit Interest Rate Loans by December

President Ruto has announced that the Hustler Fund, which will provide collateral-free loans at single-digit rates to low-income earners to start businesses, will be operationalized by December. Ruto, who spoke during…

Oct 15, 2022
China Fines Kenya Sh1.31 Billion for SGR Loans Default
Business

China Fines Kenya Sh1.31 Billion for SGR Loans Default

Kenya's problems with ballooning public debt became clear after the country defaulted on payment of Chinese loans for the construction of the Standard Gauge Railway (SGR). Citing Treasury documents, Business Daily rep…

Oct 13, 2022
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City Hall Halts Plan to Shut Down 43 Noisy Nightclubs in Nairobi
Business

City Hall Halts Plan to Shut Down 43 Noisy Nightclubs in Nairobi

The Nairobi County government has halted plans to revoke the licenses of 43 nightclubs and bars that were earmarked for closure over noise pollution. Nairobi Deputy Governor Njoroge Muchiri said their administration i…

Oct 12, 2022
Appeals Court Allows KCB to Seize Lavish English Point Marina Over Sh5.2 Billion Debt
Business

Appeals Court Allows KCB to Seize Lavish English Point Marina Over Sh5.2 Billion Debt

Kenya Commercial Bank (KCB) has seized the luxurious English Point Marina in Mombasa for a second time over a Sh5.2 billion debt. This is after the Appeals Court lifted an order by High Court judge Dora Chepkwony bloc…

Oct 10, 2022
President Ruto Calls for a Borderless East African Community to Boost Trade
Business

President Ruto Calls for a Borderless East African Community to Boost Trade

President Ruto has renewed calls for free trade within the East African Community (EAC), saying border challenges have affected the region’s untapped growth. Ruto, who spoke during Uganda’s 60th independence anniversa…

Oct 9, 2022
Implementation of Sh5.6 Billion BRT System on Thika Road Stalls
Business

Implementation of Sh5.6 Billion BRT System on Thika Road Stalls

The completion of the Nairobi Bus Rapid Transport (BRT) system on Thika Superhighway is taking longer due to financing delays, an official has said. Nairobi Metropolitan Area Transport Authority (NAMATA) Director-Gene…

Oct 8, 2022
Kenya Airways Ranked 4th Best Airline in Africa, 81st Globally
Business

Kenya Airways Ranked 4th Best Airline in Africa, 81st Globally

Kenya Airways (KQ) has dropped three places in the latest ranking of the top 100 airlines in the world in 2022. Skytrax World Airline Awards, which rates the world’s best carriers, placed KQ in position 81 in this yea…

Oct 6, 2022
Kenya Airways Responds to Deputy President Gachagua's Claims of State Capture
Business

Kenya Airways Responds to Deputy President Gachagua's Claims of State Capture

Kenya Airways (KQ) has responded to Deputy President Rigathi Gachagua’s claims that the airline is under State capture. Gachagua, who spoke in an interview with Citizen TV on Sunday, blamed the national carrier’s fina…

Oct 5, 2022
Kenya Lifts Ban on Importation and Cultivation of GMO Crops
Business

Kenya Lifts Ban on Importation and Cultivation of GMO Crops

The government has lifted the ban on Genetically Modified Crops (GMO) that has been in existence for 10 years. The decision to lift the 10-year ban was arrived at during a Cabinet meeting chaired by President Ruto at…

Oct 3, 2022
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Raila’s ODM Richest Political Party in Kenya, Worth Sh10 Billion
Business

Raila’s ODM Richest Political Party in Kenya, Worth Sh10 Billion

The Orange Democratic Movement (ODM) party is worth Sh10 billion, making it the richest political outfit in Kenya. Citing ODM’s latest disclosures, Nation reported that the Raila Odinga-led party’s value grew by 12.4…

Sep 30, 2022
Safaricom, Banks Lower Fuliza Daily Charges By Up to 40 Percent
Business

Safaricom, Banks Lower Fuliza Daily Charges By Up to 40 Percent

Overdraft service Fuliza has cut daily charges by up to 40 percent in a move aimed at encouraging the increased use of the product.  Daily maintenance fees for overdrafts ranging between Sh101 to Sh500 and between Sh5…

Sep 28, 2022
US Overtakes Uganda to Become the Largest Market for Kenyan Goods
Business

US Overtakes Uganda to Become the Largest Market for Kenyan Goods

The United States has overtaken Uganda to become the largest market for Kenyan goods, according to a report by Business Daily. Citing official data, the publication reported that Kenya’s exports to the US grew by 47 p…

Sep 22, 2022
President Ruto Invites US Business Community to Invest in Kenya
Business

President Ruto Invites US Business Community to Invest in Kenya

President Ruto has promised a business-friendly policy to spur Foreign Direct Investments (FDI) from the United States. The president made the commitment at a high-level business roundtable in New York City hosted by…

Sep 21, 2022
President Ruto Decries Kenya’s Poor Saving Culture
Business

President Ruto Decries Kenya’s Poor Saving Culture

President Ruto has called for urgent measures to address Kenya’s poor saving culture. Ruto, who assumed office as Kenya’s fifth president on Tuesday, observed that Kenyans have saved about Sh1.5 trillion which is lowe…

Sep 17, 2022
Nairobi Ranked Fifth in African Cities with Most Dollar Millionaires
Business

Nairobi Ranked Fifth in African Cities with Most Dollar Millionaires

A new report has ranked Nairobi among the cities with the highest number of dollar millionaires in Africa. The Kenyan capital has a total of 5,400 High-Net-Worth Individuals (HNWIs) whose wealth is over $1 million (Sh…

Sep 14, 2022
Kenya Seeks a Temporary Pact with the US Ahead of Full Free Trade Agreement
Business

Kenya Seeks a Temporary Pact with the US Ahead of Full Free Trade Agreement

Kenya is currently seeking a placeholder trade partnership with the United States as negotiations for a fully-fledged free trade agreement (FTA) continue between the two countries. Outgoing Trade Cabinet Secretary Bet…

Sep 13, 2022
US, Uganda and UK Lead Kenya Tourist Arrivals
Business

US, Uganda and UK Lead Kenya Tourist Arrivals

The United States has maintained its position as the leading source of international tourists to Kenya, according to the latest report. The report released by Tourism Cabinet Secretary Najib Balala on Friday shows tha…

Sep 11, 2022