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 YorkTrendingKenyan National Charged in Nebraska for Alleged Student Aid FraudTrendingUSCIS to Increase Immigration Fees from October 16, Affecting Kenyan Diaspora
AdvertisementTop banner · 970×90 / 728×90

Business

Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants
Business

Kenyan Airways to Send Home 182 Pilots, 400 Cabin Attendants

Cash-strapped Kenya Airways (KQ) is set to axe 182 pilots and over 400 cabin crew members. The airline has already served redundancy letters to 22 pilots and 160 more are on their way out together with at least 400 ca…

Jul 6, 2020
UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Products
Business

UK Topples US, Netherlands to Become 3rd Largest Buyer of Kenyan Products

The United Kingdom has elbowed the Netherlands and the US to become the third-largest buyer of Kenyan goods. The latest data by the Kenya National Bureau of Statistics (KNBS) shows that Kenya earned Sh13.29 billion fr…

Jul 3, 2020
Uhuru Gives Kenya Airways Green Light to Resume Flights
Business

Uhuru Gives Kenya Airways Green Light to Resume Flights

President Uhuru says Kenya Airways (KQ) will resume operations in a few days. Uhuru, who spoke on Friday during a virtual conference sponsored by US-based Corporate Council on Africa (CCA), noted that the government w…

Jun 27, 2020
Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Data Shows
Business

Kenyan-Based US Companies Have Employed 6,000 Kenyans in 10 Years, Data Shows

Kenyan-based American companies have created employment opportunities to 6,000 Kenyans in the last 10 years, according to a new report. During the period, 85 American companies channeled over Sh300 billion in foreign…

Jun 25, 2020
Kenya Risks Trade War with the US over Plan to Tax Tech Companies
Business

Kenya Risks Trade War with the US over Plan to Tax Tech Companies

The government’s plan to slap digital companies with taxes could spark a trade war between Kenya and the US. Through the Value Added Tax (Digital Marketplace Supply) Regulations, 2020, companies will be required to pa…

Jun 12, 2020
AdvertisementIn-feed ad
Emirates to Lay Off Kenyan Workers in Restructuring Plan
Business

Emirates to Lay Off Kenyan Workers in Restructuring Plan

An unknown number of Kenyans working for Dubai-based airline, Emirates are among hundreds of employees who are set to lose their jobs. The State-owned flag carrier announced it will be laying off workers in a restruct…

Jun 11, 2020
Kenya Becomes Third-Largest Economy is Sub-Saharan Africa
Business

Kenya Becomes Third-Largest Economy is Sub-Saharan Africa

Kenya is now the third-largest economy in sub-Saharan Africa behind Nigeria and South Africa in dollar terms. Kenya, previously ranked at position four, toppled Angola to jump to third place, according to fresh data r…

Jun 5, 2020
Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billion
Business

Saudi Prince Sells Stake in Two 5-Star Hotels in Kenya for Sh2.8 Billion

Saudi Prince Al-Waleed bin Talal has reportedly sold his stake in two five-star hotels in Kenya. Al-Waleed sold his stake in Fairmont The Norfolk and Fairmont Mara Safari Club through his investment company Kingdom Ho…

Jun 5, 2020
KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covid-19 Pandemic
Business

KRA Begins Paying Sh10 Billion in VAT Refund to Businesses Hit by Covid-19 Pandemic

The Kenya Revenue Authority (KRA) has begun processing value-added tax (VAT) refunds to business entities that have been adversely affected by the Covid-19 pandemic. KRA said the refund, totaling Sh10 billion, is in l…

Jun 1, 2020
Government Demands Answers After Mass Firing of Fairmont Hotel Workers
Business

Government Demands Answers After Mass Firing of Fairmont Hotel Workers

The government, through the office of the Attorney-General, has written to the management of hotel chain, Fairmont seeking answers to its decision to fire all employees of two of its establishments in Kenya. The sacki…

May 29, 2020
Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing
Business

Fairmont Shuts Two Top Hotels in Kenya, Sends All Employees Packing

Fairmont Hotel has shut down two of its establishments in Kenya and fired all employees. Country General Manager Mehdi Morad in a memo said Fairmont The Norfolk and Fairmont Mara Safari Club have been shut due to the…

May 28, 2020
Kenya Airways Records Sh12.9 Billion Loss
Business

Kenya Airways Records Sh12.9 Billion Loss

Kenya Airways (KQ) has posted a loss of Sh12.9 billion for the financial year ended in December 2019. This represents a 71 percent growth in losses compared to the Sh7.6 billion loss recorded in the previous fiscal ye…

May 26, 2020
AdvertisementIn-feed ad
Safaricom Enters List of Top 10 Most Valuable Companies in Africa
Business

Safaricom Enters List of Top 10 Most Valuable Companies in Africa

Kenya’s giant mobile operator, Safaricom has been ranked among the 10 most valuable companies in Africa in 2020. A report by South African-based business magazine, African Business indicates that Safaricom value prese…

May 19, 2020
Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Loan
Business

Banks to be Fined Sh2 Million for Each Blacklisted Kenyan They Deny Loan

The National Treasury has introduced new regulations that will have banks, microfinance institutions, and Saccos fined Sh2 million for every borrower they deny a loan for being listed with credit reference bureau (CRB…

May 18, 2020
Uhuru Gifts Rwanda Land in Naivasha to Build Dry Port for its Cargo
Business

Uhuru Gifts Rwanda Land in Naivasha to Build Dry Port for its Cargo

President Kenyatta has given Rwanda a parcel of land in Naivasha to build a dry port for its cargo, according to reports. The move is aimed at easing transportation of goods from the Mombasa seaport to Kigali as well…

May 16, 2020
KRA Revives Sh2.8 Million Tax Row with Economist David Ndii
Business

KRA Revives Sh2.8 Million Tax Row with Economist David Ndii

Kenya Revenue Authority (KRA) has launched a fresh bid to recover nearly Sh3 million in unpaid taxes from controversial Kenyan economist David Ndii. Business Daily reported on Friday, May 15th that KRA has notified th…

May 15, 2020
IMF Approves Sh78 Billion Loan to Kenya to Aid in Covid-19 Response
Business

IMF Approves Sh78 Billion Loan to Kenya to Aid in Covid-19 Response

The government’s response to the Covid-19 pandemic has received a boost after International Monetary Fund (IMF) Executive Board on Wednesday, May 6th, approved the disbursement of $739 million (Sh78.3 billion) to Keny…

May 7, 2020
American Companies Issue Conditions to Back Proposed US-Kenya Trade Deal
Business

American Companies Issue Conditions to Back Proposed US-Kenya Trade Deal

American companies operating under the International Intellectual Property Alliance (IIPA) are ready to back the proposed free trade agreement (FTA) between Kenya and the US but on certain conditions. The alliance, in…

May 4, 2020
Kenya Airways Rakes in Sh214 Million in a Month from Cargo Business Amid Covid-19 Pandemic
Business

Kenya Airways Rakes in Sh214 Million in a Month from Cargo Business Amid Covid-19 Pandemic

Kenya Airways raked in Sh214 million from its cargo business in the month of April 2020. This comes after the government banned all international passenger flights on March 22nd as part of the measures to contain the…

May 1, 2020
Safaricom Records Sh74.7 Billion Profit
Business

Safaricom Records Sh74.7 Billion Profit

Kenya’s giant mobile network operator, Safaricom has recorded a net profit of Sh74.7 billion for the financial year ended March 31st, 2020. This represents a 19.5 percent growth compared to the company’s earnings in t…

Apr 29, 2020
‹ NewerOlder stories ›