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Business

12 Kenyan Startups Selected for Sh480 Million Google Fund
Business

12 Kenyan Startups Selected for Sh480 Million Google Fund

12 Kenyan start-ups have been selected for this year’s $4 million (Sh481.2 million) Google for Startups Black Founders Fund for Africa. 50 percent of this year’s cohort of 60 start-ups are women-led businesses, with N…

Sep 8, 2022
Kenya Airways Set to Resume Daily Direct Flights to the US
Business

Kenya Airways Set to Resume Daily Direct Flights to the US

Kenya Airways (KQ) has announced it will resume daily direct flights on the Nairobi-New York route in December due to an increased demand for tickets ahead of the festive season. The national carrier has grappled with…

Sep 8, 2022
Jubilee Party Headquarters Building Put Up for Auction
Business

Jubilee Party Headquarters Building Put Up for Auction

Emani Business Centre, the building that houses Jubilee Party headquarters has been set up for auction. In a notice published on Monday, Garam Investments said the multi-million-shilling property located along Thika R…

Aug 29, 2022
Safaricom Poaches Cynthia Karuri-Kropac from US-Based AT&T
Business

Safaricom Poaches Cynthia Karuri-Kropac from US-Based AT&T

Safaricom has poached Cynthia Karuri-Kropac from American telco AT&T Inc. to be its new Chief Enterprise Business Officer effective from September 1st. Karuri, who held various management and leadership roles during h…

Aug 25, 2022
Microsoft Appoints Phyllis Migwi as Kenya Country Manager
Business

Microsoft Appoints Phyllis Migwi as Kenya Country Manager

American tech giant Microsoft has appointed Phyllis Migwi as its new Kenya Country Manager. Migwi replaces Kendi Ntwiga, who left the company last month after she was appointed as the Global Head of Misrepresentation…

Aug 25, 2022
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UK Protests Kenya's Move to Ban Second-hand Buses and Trucks
Business

UK Protests Kenya's Move to Ban Second-hand Buses and Trucks

The United Kingdom has protested Kenya’s plan to ban the importation of second-hand passenger buses and trucks which aims at increasing safety on Kenyan roads. Trade and Industrialization Cabinet Secretary Betty Maina…

Aug 24, 2022
Kenya Exports Miraa Worth Sh220 Million to Somalia in Four Days
Business

Kenya Exports Miraa Worth Sh220 Million to Somalia in Four Days

Kenya exported miraa worth Sh221 million in four days following the resumption of the crop’s export to Somalia last weekend, signifying the huge role the commodity plays in the economy. Head of Miraa Pyrethrum and oth…

Aug 1, 2022
Kenyan Entrepreneur Steve Mark Named Most Influential Youth Leader in Dubai
Business

Kenyan Entrepreneur Steve Mark Named Most Influential Youth Leader in Dubai

Kenyan entrepreneur Mark Steve Nuguti was among the leaders feted during the just-concluded Pan African Youth Leadership Foundation Global summit in Dubai, United Arab Emirates (UAE). Steve, who is the CEO of Spoton V…

Jul 25, 2022
Equity Bank Inks a Diaspora Remittances Deal with NALA Payments
Business

Equity Bank Inks a Diaspora Remittances Deal with NALA Payments

Equity Bank Kenya and NALA Payments Limited have signed a partnership aimed at facilitating diaspora remittances. Equity Bank says the partnership with the United Kingdom and United States-licensed platform cements it…

Jul 23, 2022
Kenya Airways and South African Airways Sign Code-Share Deal for African Travel
Business

Kenya Airways and South African Airways Sign Code-Share Deal for African Travel

Kenya Airways (KQ) and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities.  In a statement on Tuesday, Kenya Airways said the code-sharing agre…

Jul 19, 2022
IMF Approves Sh28 Billion Loan for Kenya
Business

IMF Approves Sh28 Billion Loan for Kenya

The International Monetary Fund (IMF) has approved the release of a $235.6 million (Sh28 billion) loan to Kenya for budgetary support. The disbursement is the third tranche of a 38-month budget support program inked i…

Jul 19, 2022
AfDB Approves Sh18 Billion Loan for Construction of Nairobi-Mau Summit Highway
Business

AfDB Approves Sh18 Billion Loan for Construction of Nairobi-Mau Summit Highway

The African Development Bank Group (AfDB) Board of Directors has approved financing of $150 million (about Sh18 billion) to Kenya to support the development of the Nairobi-Mau Summit highway. The funding represents ab…

Jul 17, 2022
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IMF Ranks Kenya’s Business Environment as the Second Worst in the World
Business

IMF Ranks Kenya’s Business Environment as the Second Worst in the World

International Monetary Fund (IMF) has released a report ranking Kenya’s business environment as the second worst in the world behind Colombia. The World Uncertainty Index (WUI) attributed Kenya’s business uncertainty…

Jul 16, 2022
High Court Orders KRA to Reopen Keroche Breweries
Business

High Court Orders KRA to Reopen Keroche Breweries

The High Court has ordered Kenya Revenue Authority (KRA) to immediately reopen Keroche Breweries Ltd pending the hearing and determination of a tax dispute between the two parties. The order was issued on Friday after…

Jul 16, 2022
Kenya, US Launch a Strategic Trade and Investment Partnership
Business

Kenya, US Launch a Strategic Trade and Investment Partnership

Kenya and the US have launched a Strategic Trade and Investment Partnership (STIP) to replace an agreement President Donald Trump's administration had inked with Nairobi. Under the STIP, the two states will start work…

Jul 15, 2022
Cash-Strapped Moi University to Lay Off Hundreds of Workers
Business

Cash-Strapped Moi University to Lay Off Hundreds of Workers

Moi University has announced plans to lay off hundreds of its workers as part of measures to cut costs and keep the institution afloat. Vice-Chancellor Prof. Isaac Kosgey in a notice said the university’s wage bill ha…

Jul 5, 2022
Kenya Eyes 482-kilometer Expressway to Connect Nairobi and Mombasa
Business

Kenya Eyes 482-kilometer Expressway to Connect Nairobi and Mombasa

The government of Kenya has commenced talks to construct a 482-kilometer expressway that will connect Nairobi and Mombasa cities. This follows a pre-feasibility study carried out by the Korean Overseas Infrastructure…

Jun 30, 2022
Wealthy Investors to be Given Idle Kenya Gov't Land for Large-Scale Farming
Business

Wealthy Investors to be Given Idle Kenya Gov't Land for Large-Scale Farming

The Ministry of Agriculture says investors interested in idle government land to carry out large-scale commercial farming must show their financial muscle. This comes after the Cabinet last month approved a policy tha…

Jun 28, 2022
Kenya Signs a Deal to Import Cheaper Fuel from Saudi Arabia
Business

Kenya Signs a Deal to Import Cheaper Fuel from Saudi Arabia

The imports will be used in providing strategic stocks for the country and cushion the country from a fuel shortage due to global disruptions.  The National Oil Corporation of Kenya (NOCK) will from August start impor…

Jun 28, 2022
Kenya Airways Signs a Deal to Acquire 40 Flying Electric Taxis from Brazil
Business

Kenya Airways Signs a Deal to Acquire 40 Flying Electric Taxis from Brazil

Kenya Airways (KQ) has signed a deal with two Brazilian companies to acquire 40 flying electric taxis as it seeks to establish itself as a leader in urban air mobility. Through its subsidiary Fahari Aviation, the nati…

Jun 22, 2022
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