Updates
Death Announcement: Danson Kungu Njuguna of Lowell, MassachusettsTrendingKenyan-American Business Owner Sentenced to Over 4 Years in Prison for $1.5 Million Employment Tax FraudTrendingLiberian Immigrant Convicted of Naturalization Fraud and Ordered Removed from U.S.TrendingKenyan Diaspora in Britain Mourns James Mwangi After Sudden Death in DerbyTrendingNewsmax Presenter Apologises After Saying American Cities Are Starting to Look Like Nairobi, Not New YorkTrendingUSCIS to Increase Immigration Fees from October 16, Affecting Kenyan DiasporaTrendingKenyan National Charged in Nebraska for Alleged Student Aid Fraud
AdvertisementTop banner · 970×90 / 728×90

Business

Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from Gov’t
Business

Cash-Strapped Kenya Airways Seeks 54.87 Billion Shillings Bailout from Gov’t

Kenya Airways (KQ) is seeking a $500 million (Sh54.87 billion) bailout from the government to stay afloat in the next nine months. KQ CEO Allan Kilavuka says the funds will be used on the airline’s operations such as…

Mar 26, 2021
Canadian Company Suspended from US Stock Trading over Sh139 Billion 'Secret' Loan Deal with Kenya
Business

Canadian Company Suspended from US Stock Trading over Sh139 Billion 'Secret' Loan Deal with Kenya

A Canadian company that allegedly signed a Sh139.5 billion 'secret' loan deal with Kenya has been temporarily suspended from trading in the US. Kallo Inc. was suspended by the US stocks market regulator, Securities Ex…

Mar 25, 2021
UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors
Business

UN Adds Kenya Airways to List of COVID-19 Vaccine Distributors

The United Nations (UN) has added Kenya Airways (KQ) to the list of airlines that will ferry COVID-19 vaccines around the world. Its inclusion follows high-level lobbying by the government after the national carrier w…

Mar 12, 2021
Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business
Business

Pastor Paul Kuria On How He Makes Millions from Dog Breeding Business

Kenyan preacher Pastor Paul Kuria of the Home of Glory Joy Ministry says he runs a dog breeding business venture that earns him handsome income. Speaking during a recent interview with comedian and radio presenter Jal…

Mar 8, 2021
Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted into US-Based Accelerator Y Combinator
Business

Kenyan Startup Kidato Bags $125,000 Seed Funding After Being Accepted into US-Based Accelerator Y Combinator

Kidato, a Kenyan ed-tech startup, has been accepted into Silicon Valley-based accelerator, Y Combinator’s Winter 2021 group.  The startup will as a result receive $125,000 (Sh13 million) in seed funding and further in…

Mar 5, 2021
AdvertisementIn-feed ad
Kenya Railways Begins Takeover of SGR Operations from Chinese Company
Business

Kenya Railways Begins Takeover of SGR Operations from Chinese Company

The Kenya Railways Corporation (KRC) has taken over some Standard Gauge Railways (SGR) operations from the Chinese company AfriStar. KRC chairman Omudho Awitta told Business Daily that the agency is now in charge of o…

Mar 5, 2021
Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above
Business

Wealth Report: 475,000 Kenyans Are Worth $20,000 and Above

A recent wealth report by Knight Frank indicates that only 475,000 Kenyans are worth $20,000 (Sh2.2 million) and above. The number represents one percent of Kenya’s population, which stands at 47.5 million as per the…

Mar 3, 2021
Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiatus
Business

Biden Team to Resume Kenya-US Trade Negotiations After Four-Month Hiatus

Kenya and the US are expected to resume negotiations for a free trade agreement (FTA) after a four-month hiatus occasioned by the American presidential election last November. Trade and Enterprise Development Principa…

Mar 3, 2021
Kenyans Express Their Frustration with PayPal
Business

Kenyans Express Their Frustration with PayPal

Many Kenyans who work online are expressing their frustration with popular US online payments company PayPal. Taking to social media, PayPal users complain that their funds are being held for up to 180 days without be…

Feb 26, 2021
Uber Drivers in Kenya Decry Huge Taxes
Business

Uber Drivers in Kenya Decry Huge Taxes

Uber drivers in Kenya are up in arms over what they termed as harsh working environment and huge cuts on their trips. John Kimani, the Chairperson of Uber drivers in Kenya explained how their income has dwindled due t…

Feb 23, 2021
Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as Ethiopian is Picked
Business

Kenya Airways Misses Out on UN COVID-19 Vaccines Distribution Deal as Ethiopian is Picked

16 airlines have signed agreements with the United Nations (UN) for the distribution of COVID-19 vaccines around the world. Only two airlines from Africa made it to the list but national carrier Kenya Airways (KQ) is…

Feb 17, 2021
Kenya to Receive Sh262 Billion Loan from IMF
Business

Kenya to Receive Sh262 Billion Loan from IMF

Kenya is set to receive a loan of $2.4 billion (Sh262.68 billion) from the International Monetary Fund (IMF) to support the country’s second phase of COVID-19 response. On Tuesday, IMF announced it reached an agreemen…

Feb 16, 2021
AdvertisementIn-feed ad
Kenya Airways Cuts US Direct Flights Due to Low Demand
Business

Kenya Airways Cuts US Direct Flights Due to Low Demand

Kenya Airways (KQ) has reduced the number of direct flights to the US to once a week, citing low demand. The airline has been operating two weekly flights since November last year when it resumed flights between the J…

Feb 16, 2021
Biden Ally Throws Support Behind Proposed US-Kenya Trade Pact
Business

Biden Ally Throws Support Behind Proposed US-Kenya Trade Pact

A close ally of US President Joe Biden has expressed support for the proposed free trade agreement (FTA) between Kenya and the US. Congressman Richard Neal exuded confidence that the negotiations for the trade pact be…

Feb 12, 2021
US Lobby Roots for Sealing of US-Kenya Trade Pact
Business

US Lobby Roots for Sealing of US-Kenya Trade Pact

The US Chamber of Commerce has urged President Joe Biden’s administration to fast-track the ongoing negotiations for a free trade agreement between the US and Kenya. The discussions commenced in July 2020, with a view…

Feb 2, 2021
Kenya’s KCB Group Seeks Approval to Acquire 2 Banks in Rwanda and Tanzania for Sh4.4 Billion
Business

Kenya’s KCB Group Seeks Approval to Acquire 2 Banks in Rwanda and Tanzania for Sh4.4 Billion

Kenya’s KCB Group has filed a formal application seeking to acquire two banks in Tanzania and Rwanda for Sh4.4 billion ($40 million).  The application was made to the regional competition body—Comesa Competition Commi…

Jan 31, 2021
Kenya Airways Suspends Flights to France, and the Netherlands
Business

Kenya Airways Suspends Flights to France, and the Netherlands

Kenya Airways (KQ) has temporarily suspended flights to some of its European routes, citing new COVID-19 regulations. The airline announced it will not fly to Charles de Gaulle Airport in Paris, France, and the Schipo…

Jan 22, 2021
Kenya Airways Employees Face Fresh Pay Cuts of Up to 30 Percent
Business

Kenya Airways Employees Face Fresh Pay Cuts of Up to 30 Percent

Kenya Airways (KQ) has announced a fresh round of pay cuts affecting employees earning Sh45,000 and above. The workers will have their salaries trimmed by up to 30 percent in a move aimed at keeping the national airli…

Jan 15, 2021
Ray of Hope as Chartered Plane Carrying 175 Foreign Tourists Lands in Kenya
Business

Ray of Hope as Chartered Plane Carrying 175 Foreign Tourists Lands in Kenya

The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the weekend received a major boost. This was after nearly 200 foreign tourists landed at Moi International Airport (MIA) in M…

Dec 28, 2020
Equity Bank Makes History After Crossing Sh1 Trillion Mark in Value
Business

Equity Bank Makes History After Crossing Sh1 Trillion Mark in Value

Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to pass the Sh1 trillion balance sheet mark. The milestone was achieved following the successful migration of DR Congo’s B…

Dec 23, 2020
‹ NewerOlder stories ›