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Business

KRA Officials to Start Wearing Body Cameras in a Bid to Curb Bribery
Business

KRA Officials to Start Wearing Body Cameras in a Bid to Curb Bribery

Kenya Revenue Authority (KRA) has announced that its officials will start using body-worn cameras as part of its efforts to curb cases of tax cheating and bribery. KRA Commissioner General Githii Mburu told Business D…

Jun 22, 2022
Keroche Breweries to Lay Off over 400 Workers Following Closure by KRA
Business

Keroche Breweries to Lay Off over 400 Workers Following Closure by KRA

Keroche Breweries has announced it will lay off over 400 employees following its closure by the Kenya Revenue Authority (KRA) over tax arrears. The Naivasha-based beer manufacturer was shut down on May 15th after defa…

Jun 20, 2022
Kenya Listed Among WorldRemit’s Top Markets in Africa
Business

Kenya Listed Among WorldRemit’s Top Markets in Africa

London-based global digital payments giant WorldRemit has named Kenya among its top African markets. On Friday, the company which provides international money transfer and remittance services in more than 130 countrie…

Jun 19, 2022
KRA Shuts Down Keroche Breweries Again in Renewed Tax Dispute
Business

KRA Shuts Down Keroche Breweries Again in Renewed Tax Dispute

The Kenya Revenue Authority (KRA) has once again shut down Keroche Breweries Limited over tax arrears. Keroche CEO Tabitha Karanja says the company was shut down on May 15th after reneging on an earlier agreement to r…

Jun 14, 2022
Kenya, US Agree to Expedite Trade Discussions
Business

Kenya, US Agree to Expedite Trade Discussions

Trade representatives from Kenya and the United States on Monday held further discussions aimed at enhancing trade and investment relations between the two countries. This followed a meeting between US Trade Represent…

Jun 14, 2022
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Kenya to Resume Miraa Exports to Somalia After a Two-Year Ban
Business

Kenya to Resume Miraa Exports to Somalia After a Two-Year Ban

Kenya is set to resume miraa exports to Somalia this month following the lifting of a two-year ban. Somalia’s new President Hassan Sheikh Mohamud agreed to lift the embargo after diplomatic talks with his Kenyan count…

Jun 10, 2022
Court Bars KCB Bank from Seizing Lavish English Point Marina Hotel over Sh4.8 Billion Debt
Business

Court Bars KCB Bank from Seizing Lavish English Point Marina Hotel over Sh4.8 Billion Debt

The High Court has stopped the Kenya Commercial Bank (KCB) from seizing the luxurious English Point Marina Hotel in Mombasa over a debt amounting to Sh4.8 billion. Justice Dorah Chepkwony issued the restraining order…

Jun 9, 2022
Safaricom and Visa Launch MPesa GlobalPay Visa Virtual Card
Business

Safaricom and Visa Launch MPesa GlobalPay Visa Virtual Card

Safaricom and American digital payments company Visa have signed a deal that will allow MPesa customers to pay for goods and services in more than 200 countries. The deal led to the launch of the MPesa GlobalPay Visa…

Jun 8, 2022
Raila Pledges to Ban Mitumba Clothes If Elected President
Business

Raila Pledges to Ban Mitumba Clothes If Elected President

Azimio La Umoja-One Kenya coalition presidential candidate Raila Odinga has revealed plans to ban the importation of second-hand clothes, commonly known as mitumba, if he ascends to power this year. Odinga, who is giv…

Jun 7, 2022
Pwani Oil Shuts Down Cooking Oil Plant Due to Shortage of US Dollars
Business

Pwani Oil Shuts Down Cooking Oil Plant Due to Shortage of US Dollars

Pwani Oil has temporarily shut down its cooking oil plant due to a shortage of raw materials which it blamed on challenges in accessing dollars to pay suppliers on time. Pwani Oil Commercial Director Rajul Malde told…

Jun 6, 2022
Meta Appoints Kenyan Kendi Ntwiga as Global Head of Misrepresentation
Business

Meta Appoints Kenyan Kendi Ntwiga as Global Head of Misrepresentation

Kenyan IT business leader Kendi Ntwiga has been appointed the Global Head of Misrepresentation at Meta based in Ireland. Kendi assumed the role last month after leaving American tech giant Microsoft where she served a…

Jun 6, 2022
Nairobi Expressway Users Warned Against Paying Toll Fees to Attendants Via MPesa
Business

Nairobi Expressway Users Warned Against Paying Toll Fees to Attendants Via MPesa

The operator of the Nairobi Expressway has warned motorists against paying toll fees to toll attendants through MPesa. Moja Expressway, a subsidiary of the China Road and Bridge Corporation (CRBC) which is responsible…

Jun 3, 2022
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Kenyan Catherine Muraga Appointed Microsoft's African Development Center Managing Director
Business

Kenyan Catherine Muraga Appointed Microsoft's African Development Center Managing Director

American tech giant Microsoft Corporation has appointed Kenyan Catherine Muraga as the new Managing Director for its Nairobi engineering hub—the African Development Centre (ADC). Muraga replaces Jack Ngare, who is lea…

Jun 2, 2022
KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Debt
Business

KCB Seizes Luxurious English Point Marina Hotel over Sh5.2 Billion Debt

The Kenya Commercial Bank (KCB) has taken over the luxurious English Point Marina Hotel in Mombasa over an unpaid loan amounting to over Sh5 billion. Business Daily reported that the bank placed Pearl Beach Hotels, th…

Jun 2, 2022
HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University Students
Business

HELB to Borrow Sh22 Billion to Fund Laptop Purchases for University Students

The Higher Education Loans Board (HELB) is set to borrow Sh22 billion through a bond to fund the acquisition of laptops for university students. HELB CEO Charles Ringera said the board’s plan to issue its first social…

May 25, 2022
Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, Boda Bodas
Business

Relief for Kenyans as MPs Reject New Taxes on Maize and Wheat Flour, Boda Bodas

The National Assembly Finance and National Planning Committee has rejected the Treasury’s bid to introduce taxes on essential commodities such as maize flour. Through the Finance Bill 2022, the National Treasury was s…

May 25, 2022
Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction
Business

Iconic 111-year-old White Rhino Hotel in Nyeri Put Up for Auction

The iconic White Rhino Hotel in Nyeri has been put up for auction, according to a notice placed in local dailies. As reported by Business Daily, Garam Investments Auctioneers intend to sell the 111-year-old facility l…

May 18, 2022
Nairobi the Only African City Named in the Prime Global Cities Index
Business

Nairobi the Only African City Named in the Prime Global Cities Index

Nairobi is the only African city that made it to the list of top 45 global cities that posted growth last year, according to the latest Prime Global Cities Index by Knight Frank. As reported by Business Insider, Nairo…

May 17, 2022
Three Kenyan Startups Named Among World Economic Forum's Technology Pioneers of 2022
Business

Three Kenyan Startups Named Among World Economic Forum's Technology Pioneers of 2022

Six African tech startups have been listed by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022. The WEF Technology Pioneers are described as early to growth-stag…

May 13, 2022
US Lobby Group Faults Biden Administration over Delay to Seal Kenya Trade Pact
Business

US Lobby Group Faults Biden Administration over Delay to Seal Kenya Trade Pact

The United States Chamber of Commerce has faulted President Biden administration over its continued delay in concluding a trade agreement with Kenya. Kenya and the US are yet to sign a deal more than two years after t…

May 13, 2022
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