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Business

Safaricom Reduces MPesa Transaction Charges By As Much As 45 Percent
Business

Safaricom Reduces MPesa Transaction Charges By As Much As 45 Percent

Safaricom has announced the reduction of MPesa transaction charges by as much as 45 percent.  The move is in line with the Central Bank of Kenya (CBK) directive requiring mobile money operators to submit new tariff st…

Dec 22, 2020
Kenya Airways, Air France KLM Agree to Terminate Africa-Europe Partnership
Business

Kenya Airways, Air France KLM Agree to Terminate Africa-Europe Partnership

Kenya Airways (KQ) and Air France KLM Group have agreed to mutually terminate their Africa-Europe partnership. The airlines’ joint venture on seven routes between Europe and Africa will cease on September 1st, 2021. “…

Dec 19, 2020
Fare for New Nairobi CBD-JKIA Express Train Service Slashed by Half to Sh250
Business

Fare for New Nairobi CBD-JKIA Express Train Service Slashed by Half to Sh250

Kenya Railways has slashed by half the fare of the new express rail service to Jomo Kenyatta International Airport (JKIA) from Nairobi CBD. During the launch of the new service on December 7th, the agency announced co…

Dec 19, 2020
Kenyan Car Importers Given Until December 31st to Clear Vehicles Registered in 2013
Business

Kenyan Car Importers Given Until December 31st to Clear Vehicles Registered in 2013

The government has given car dealers until December 31st, 2020, to import vehicles registered in 2013. Kenya Bureau of Standards (KEBS) managing-director Bernard Njiraini said the Certificate of Roadworthiness issued…

Dec 15, 2020
Kenya Inks Post-Brexit Trade Pact with the UK
Business

Kenya Inks Post-Brexit Trade Pact with the UK

Kenya and the United Kingdom on Tuesday finalized the signing of a strategic Economic Partnership Agreement (EPA). The post-Brexit trade pact was signed in London by Kenya’s Trade Cabinet Secretary Betty Maina and Bri…

Dec 8, 2020
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Kenya Airways Customers to Enjoy Discounted Prices as Airlines Resumes US Direct Flights
Business

Kenya Airways Customers to Enjoy Discounted Prices as Airlines Resumes US Direct Flights

Kenya Airways (KQ) has announced it will offer discounts on ticket prices as it resumes directs flights to and from the US on Sunday. Through Twitter on Sunday, the national carrier said travelers who book flight tick…

Nov 29, 2020
Kenya Airways to Resume Direct Flights to the US After 8-Month Break
Business

Kenya Airways to Resume Direct Flights to the US After 8-Month Break

Kenya Airways (KQ) is this weekend scheduled to resume direct flights to the US after an eight-month hiatus accessioned by the Covid-19 pandemic. The national carrier had initially planned to relaunch the New York non…

Nov 26, 2020
Court Orders Closure of DP Ruto-Linked Insurance Company over Sh10 Million Debt
Business

Court Orders Closure of DP Ruto-Linked Insurance Company over Sh10 Million Debt

The High Court has ordered the dissolution of Africa Merchant Assurance Company (Amaco), an insurance firm linked to Deputy President William Ruto. This came after the 22-year-old insurance company failed to settle a…

Nov 23, 2020
Kenya Power Laments as Costumers Switch to Solar Energy
Business

Kenya Power Laments as Costumers Switch to Solar Energy

Kenya Power has raised alarm over the growing number of customers shifting to solar energy. The State-owned electricity distributor indicated that its industrial clients who account for nearly 60 percent of its revenu…

Nov 21, 2020
Gov't Clears SportPesa to Resume Operations in Kenya Under New Company
Business

Gov't Clears SportPesa to Resume Operations in Kenya Under New Company

The Betting Control and Licensing Board (BCLB) has cleared SportPesa to resume operations in Kenya under Milestone Games Limited. Through a statement on Friday, BCLB said it has reinstated the operating license of Mil…

Nov 20, 2020
Kenya's Equity Group to Build Skyscraper in Kigali, Rwanda
Business

Kenya's Equity Group to Build Skyscraper in Kigali, Rwanda

Equity Bank CEO James Mwangi is set to build a skyscraper in Kigali, Rwanda’s capital city. The project dubbed Kigali Financial Towers was approved by the country’s Cabinet last week and will be undertaken by Equity H…

Nov 20, 2020
Gov’t Approves Mass Production of Sh450,000 Kenyan-Made "BJ50" Car
Business

Gov’t Approves Mass Production of Sh450,000 Kenyan-Made "BJ50" Car

The Kenya Bureau of Standards (KEBS) has approved the mass production of a Kenyan-made car dubbed BJ50. Samwel Njogu, the brain behind BJ50 said they received the government’s go-ahead following scrutiny of the vehicl…

Nov 17, 2020
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Moi Family Sells Majority Stake in Siginon Aviation to a Turkish Company
Business

Moi Family Sells Majority Stake in Siginon Aviation to a Turkish Company

The family of the late former president Daniel Arap Moi has sold majority shares in Siginon Aviation. Reports indicate Senator Gideon Moi, who oversees the operations of the company, sold a 51 percent stake to a Turki…

Nov 13, 2020
Kenya Named Africa's Leading Tourist Destination by World Travel Awards
Business

Kenya Named Africa's Leading Tourist Destination by World Travel Awards

The World Travel Awards (WTA) has named Kenya as 2020 Africa’s leading tourist destination. The announcement was made virtually from the UK during the 27th WTA finals that coincided with the Africa Winners Day. Furthe…

Nov 10, 2020
Uhuru Orders Increase of Tax Whistleblower Reward to Sh5 Million
Business

Uhuru Orders Increase of Tax Whistleblower Reward to Sh5 Million

The Kenya Revenue Authority (KRA) has moved to curb cases of tax evasion by rolling out a web-based anonymous reporting solution called iWhistle. Through iWhistle, Kenyans will be able to anonymously report tax-relate…

Nov 6, 2020
SportPesa Resumes Operations in Kenya 15 Months After License was Revoked
Business

SportPesa Resumes Operations in Kenya 15 Months After License was Revoked

Giant gaming company, SportPesa has resumed operations in Kenya more than a year after its license was withdrawn by the government. SportPesa’s trading license was revoked by the Betting Control and Licensing Board (B…

Oct 30, 2020
Kenya Airways to Pay Pilots Per Flight as Financial Woes Deepen
Business

Kenya Airways to Pay Pilots Per Flight as Financial Woes Deepen

Kenya Airways (KQ) is seeking to introduce a new pay structure for its pilots in a move aimed at lowering the wage bill to keep the airline afloat. Under the proposed structure, pilots will be paid per trip as opposed…

Oct 30, 2020
36 Kenyan Fruits and Vegetables Companies Bag Sh235 Million Orders in Virtual Italian Trade Fair
Business

36 Kenyan Fruits and Vegetables Companies Bag Sh235 Million Orders in Virtual Italian Trade Fair

36 Kenyan fruits and vegetable companies are set to rake in $2.1 million (Sh235.22 million) from the sale of the horticultural products in a virtual Italian trade fair. The companies bagged the lucrative orders during…

Oct 23, 2020
Emirates Adds 10 Weekly Cargo Flights to Nairobi Amid Increased Demand for Kenya's Horticulture Produce
Business

Emirates Adds 10 Weekly Cargo Flights to Nairobi Amid Increased Demand for Kenya's Horticulture Produce

Emirates Skycargo has added 10 more weekly flights to and from Nairobi amid increased demand for Kenya’s horticultural products abroad. The airline has deployed Boeing 777-300ERs to make the trips to and from the Jomo…

Oct 20, 2020
More UK, German Retailers Cut Avocado Supplies by Kenyan Producer Kakuzi
Business

More UK, German Retailers Cut Avocado Supplies by Kenyan Producer Kakuzi

Two more giant grocery retailers in Europe have suspended avocado supplies by Kenyan producer, Kakuzi. UK’s Sainsbury’s and Germany’s Lidl suspended supplies by Kakuzi citing human rights abuse claims against the frui…

Oct 20, 2020
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