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Business

Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines
Business

Kenya Airways Signs Expanded Codeshare Deal with Delta Airlines

National carrier Kenya Airways (KQ) has expanded its current codeshare deal with US-based Delta Airlines as it prepares to resume direct flights to and from the US on October 29th.  The expanded partnership between th…

Oct 16, 2020
World Bank Imposes Sanctions on Kenyan IT Company Techno Brain
Business

World Bank Imposes Sanctions on Kenyan IT Company Techno Brain

The World Bank Group has imposed sanctions on Kenyan IT company, Techno Brain over links to collusive and fraudulent practices. Techno Brain was blocked together with its UAE-based parent company, Techno Brain Global…

Oct 13, 2020
UK Giant Supermarket Tesco Suspends Avocados from Kenyan Farm After Claims of Human Rights Abuses
Business

UK Giant Supermarket Tesco Suspends Avocados from Kenyan Farm After Claims of Human Rights Abuses

UK’s retail giant Tesco has suspended the supply of avocados from Kenyan producer Kakuzi over claims of human rights abuses. This comes after 79 Kenyans through law firm Leigh Day initiated legal action in a London co…

Oct 12, 2020
US-Kenya Trade Talks: Trump Administration Warns Kenya Against Manipulating the Shilling
Business

US-Kenya Trade Talks: Trump Administration Warns Kenya Against Manipulating the Shilling

Manipulation of the shilling against the dollar could threaten the ongoing trade talks between Kenya and the US. As part of the pre-conditions in the ongoing negotiations for a free trade agreement (FTA) between the t…

Sep 30, 2020
Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Kenya
Business

Google Announces Sh325 Million Covid-19 Economic Recovery Grant for Kenya

Kenya is set to benefit from a Covid-19 recovery program by technology giant, Google. The initiative seeks to boost economic recovery in sub-Saharan Africa in the wake of the Covid-19 pandemic which has taken a toll o…

Sep 24, 2020
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Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle
Business

Cash-Strapped Kenya Airways Seeks to Return Leased Aircraft Lying Idle

  Kenya Airways (KQ) has embarked on a plan to return leased aircraft in a move aimed at cutting costs and reducing losses. KQ CEO Allan Kilavuka confirmed to Business Daily that the airline was in discussions with co…

Sep 22, 2020
KRA Launches Mobile App to Boost Compliance for Taxpayers
Business

KRA Launches Mobile App to Boost Compliance for Taxpayers

The Kenya Revenue Authority (KRA) has launched a mobile application to ease tax compliance for Kenyan taxpayers. Dubbed KRA-M-Service App, the application will enable taxpayers to easily access various services offere…

Sep 11, 2020
Kenya Asks China for Warehouses in Bid to Boost Exports
Business

Kenya Asks China for Warehouses in Bid to Boost Exports

The government has written to China seeking to be provided with warehouses for Kenyan goods as it looks to export more agricultural produce to the populous Asian nation. The request was sent to the Chinese government…

Sep 8, 2020
Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Workers
Business

Kenya Airways Offers 50% Discount on Tickets for Kenyan Healthcare Workers

Kenya Airways (KQ) has announced a 50 percent discount on flight tickets for frontline Kenyan healthcare workers. The airline said the price cut is meant to celebrate and appreciate healthcare workers for their effort…

Sep 1, 2020
Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss
Business

Kenya Airways Sinks into a Further Sh14.3 Billion Half-Year Loss

Kenya Airways (KQ) has posted a net loss of Sh14.3 billion for the six months ended June, 2020. This represents a 67 percent growth in losses compared to Sh8.6 billion recorded during the same period last year. The ai…

Aug 31, 2020
Kenya Airways to Send Home 207 Pilots in Downsizing Bid
Business

Kenya Airways to Send Home 207 Pilots in Downsizing Bid

Kenya Airways (KQ) is set to lay off half of its pilots in the next three years in cost-cutting measures. Business Daily reports that 207 out of the airline’s 414 pilots will be sent home, a move that will save the co…

Aug 24, 2020
Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes
Business

Kenya Lifts Ban on Importation of Second-Hand Clothes and Shoes

The government has lifted a ban on importation of second-hand clothes and shoes, locally referred to as mitumba, effective immediately. Kenya Bureau of Standards (KEBS) announced the lifting of the embargo on Sunday f…

Aug 16, 2020
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Protest over Push to Give US Dairy Farmers Unfettered Access into the Kenyan Market
Business

Protest over Push to Give US Dairy Farmers Unfettered Access into the Kenyan Market

The push to give US dairy farmers unrestricted access into the Kenyan market has attracted opposition from their Kenyan counterparts. In the proposed free trade agreement (FTA) between Kenya and the US, American dairy…

Aug 12, 2020
Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanently
Business

Iconic 5-Star InterContinental Hotel in Nairobi to be Closed Permanently

The iconic Intercontinental Hotel in Nairobi is set to be closed permanently over “operational reasons.” The facility’s proprietor, InterContinental Hotels Corporation Limited (IHCL), announced the closure through a n…

Aug 4, 2020
Michael Joseph Named Safaricom Board Chairman
Business

Michael Joseph Named Safaricom Board Chairman

Michael Joseph has been appointed as the new Chairman of the Safaricom Board effective August 1st. Joseph takes over from Nicholas Nganga, who has proceeded on retirement having served in the position for the past 14…

Jul 30, 2020
Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears
Business

Trade Negotiations Between Kenya and US Suspended over Covid-19 Fears

The recently launched trade negotiations between Kenya and the US have been put on hold over Covid-19 fears. The talks were suspended after it emerged that some members of the Kenyan negotiating team may have been exp…

Jul 25, 2020
No Direct Flights to the US as Kenya Airways Resumes International Operations
Business

No Direct Flights to the US as Kenya Airways Resumes International Operations

Kenya Airways (KQ) has said it will not operate nonstop flights to the US when it resumes international flights on August 1st. As a result, passengers traveling to the US from Nairobi will be forced to change planes i…

Jul 22, 2020
Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown
Business

Rich Kenyans Deposit Sh45 Billion in Dollars Amid Covid-19 Lockdown

Wealthy Kenyans deposited a record Sh45.5 billion in dollars between March and May this year, according to latest data by Central Bank of Kenya (CBK). CBK data shows Forex reserves hit Sh671.4 billion in May, up from…

Jul 16, 2020
Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya and US
Business

Lawyers Move to Court to Block the Proposed Trade Pact Between Kenya and US

Two lawyers have moved to court to challenge the proposed free trade agreement (FTA) between Kenya and the US. Lawyers Christopher Oyieko and Emily Osiemo in a case filed at the East Africa Court of Justice argue that…

Jul 13, 2020
Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4 Billion
Business

Nigerian Tycoon Acquires Transnational Bank from Moi Allies for Sh1.4 Billion

Nigeria tycoon Herbert Wigwe has acquired majority shares in Kenyan lender, Transnational Bank. Wigwe bought a 97 percent stake in Transnational Bank, which was previously held by close associates of former President…

Jul 11, 2020
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