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Business

Kenyan-Made Ventilators Receive Government Approval, Paving Way for Mass Production
Business

Kenyan-Made Ventilators Receive Government Approval, Paving Way for Mass Production

The government has approved prototypes of Kenyan-made ventilators, paving the way for mass production of the life-saving medical equipment. The ventilators developed by Kenya Association of Manufacturers’ (KAM) automo…

Apr 21, 2020
Kenya Airways Converts Passenger Planes into Cargo Freighters Amid Covid-19 Crisis
Business

Kenya Airways Converts Passenger Planes into Cargo Freighters Amid Covid-19 Crisis

Kenya Airways (KQ) has announced it is converting some of its grounded passenger flights into cargo freighters. KQ said the move is aimed at keeping the airline in operation amid the coronavirus pandemic, which has co…

Apr 12, 2020
Meet Ogutu Okudo, the Only Kenyan in 2020 Forbes Africa Top 30 Under 30 List
Business

Meet Ogutu Okudo, the Only Kenyan in 2020 Forbes Africa Top 30 Under 30 List

A 28-year-old Kenyan woman has made it to the 2020 Forbes Africa top 30 under 30 list released this month. Ogutu Okudo, who is the founder and CEO of Women in Energy & Extractives Africa, was recognized for her immens…

Apr 7, 2020
Peter Ndegwa Officially Takes Over as the New Safaricom CEO
Business

Peter Ndegwa Officially Takes Over as the New Safaricom CEO

Peter Ndegwa on Wednesday, April 1st, officially took over as the new CEO of Safaricom following his appointment last year. Ndegwa was appointed to the position in October last year to replace former CEO Bob Collymore…

Apr 1, 2020
Kenyan Tycoon Chris Kirubi to Buy Sh2.7 Billion Worth of Shares in Centum
Business

Kenyan Tycoon Chris Kirubi to Buy Sh2.7 Billion Worth of Shares in Centum

Kenyan billionaire businessman Chris Kirubi is set to spend Sh2.7 billion to acquire 133 million more shares in Centum Investment Company. This will raise the tycoon’s stake in Centum Investment from the current 30 pe…

Mar 26, 2020
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Kenya Suspends Importation of Second-Hand Clothes Due to Covid-19 Pandemic
Business

Kenya Suspends Importation of Second-Hand Clothes Due to Covid-19 Pandemic

Kenya has suspended the importation of second-hand clothes, locally known as ‘mitumba’, due to the global coronavirus outbreak. In a statement on Wednesday, the Ministry of Trade, Industry, and Cooperatives said the m…

Mar 25, 2020
US, Kenyan Companies Invited to Make Views on the Proposed US-Kenya Trade Deal
Business

US, Kenyan Companies Invited to Make Views on the Proposed US-Kenya Trade Deal

President Trump’s administration has invited American and Kenyan companies to submit their views on the proposed free trade agreement between the US and Kenya. This comes as the two countries prepare to open formal ne…

Mar 24, 2020
20 FREE One-Way Kenya Airways Tickets from JFK to JKIA for Travel on Tuesday, March 24th
Business

20 FREE One-Way Kenya Airways Tickets from JFK to JKIA for Travel on Tuesday, March 24th

Need to travel from the US to Kenya right away? Kenya Airways has a total of twenty (20) complimentary one-way tickets from JFK International Airport in New York to JKIA International Airport in Nairobi for travel on…

Mar 23, 2020
Kenyans to Enjoy High-Speed Internet as Gov't Allows Google Loon to Fly Balloons over Kenyan Airspace
Business

Kenyans to Enjoy High-Speed Internet as Gov't Allows Google Loon to Fly Balloons over Kenyan Airspace

Kenyans are set to enjoy high-speed and affordable internet courtesy of Google Loon in partnership with Telkom Kenya. This comes after the Kenya Civil Aviation Authority (KCAA) signed an agreement with Google Loon, al…

Mar 23, 2020
Kenya Airways Staff to Take Huge Pay Cuts as Coronavirus Bites
Business

Kenya Airways Staff to Take Huge Pay Cuts as Coronavirus Bites

Kenya Airways has announced its top officials, including the CEO, will take huge pay cuts effective April 1st as the airline fights to stay afloat in the wake of coronavirus pandemic. KQ CEO Allan Kilavuka in a letter…

Mar 21, 2020
Trump Informs US Congress of Plans to Commence Trade Talks with Kenya
Business

Trump Informs US Congress of Plans to Commence Trade Talks with Kenya

The start of talks on a free trade agreement between Kenya and the United States is inching closer after President Trump sent a notification to the Congress regarding the matter. Trump revealed the intention to open n…

Mar 19, 2020
Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By 12 Months
Business

Relief for Kenyan Borrowers as Banks Agree to Extend Loan Repayment By 12 Months

Following the coronavirus outbreak, commercial banks operating in Kenya have agreed to prolong repayment of personal loans by up to 12 months. Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge on Wednesday said…

Mar 18, 2020
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Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below Sh1,000
Business

Covid-19: Safaricom Waives M-Pesa Transaction Fees for Amounts Below Sh1,000

Safaricom has waived all M-Pesa transaction charges for amounts below Sh1,000 in the wake of coronavirus outbreak. In a statement on Monday, Safaricom acting CEO Michael Joseph said all person-to-person transactions b…

Mar 16, 2020
KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9 Billion in Unpaid Taxes
Business

KRA Freezes Keroche Breweries Bank Accounts as it Seeks to Recover Sh9 Billion in Unpaid Taxes

The tax dispute pitting Kenya Revenue Authority (KRA) against Keroche Breweries Limited has taken a new twist. This comes after KRA reportedly froze the brewer’s bank accounts in an attempt to recover unpaid taxes tot…

Mar 12, 2020
Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent
Business

Shock as Goldenscape Greenhouses Fails to Pay Investors, Goes Silent

Kenyans who invested with Goldenscape Greenhouses fear they have lost their money after the agribusiness company failed to pay them and went silent. Investors were initially set to receive payments in November last ye…

Mar 6, 2020
Optiven Foundation Partners with Fusion Capital to Fund Needy Students in 20 Counties
Business

Optiven Foundation Partners with Fusion Capital to Fund Needy Students in 20 Counties

Optiven Foundation has today partnered with private equity firm Fusion Capital to empower over 8, 000 needy students from twenty counties across Kenya. Under this new partnership, Fusion Capital has injected Kshs2 mil…

Mar 5, 2020
Central Bank of Kenya Moves to Buy $400 Million in US Currency
Business

Central Bank of Kenya Moves to Buy $400 Million in US Currency

Central Bank of Kenya (CBK) has revealed plans to buy $400 million US dollar currency in a bid to grow the country’s foreign currency reserves above normal levels. CBK wrote to the CEOs of local commercial banks expre…

Mar 4, 2020
42 Kenyans Are Worth over $30 Million, Says Report
Business

42 Kenyans Are Worth over $30 Million, Says Report

There are 42 Kenyans with a net worth of over $30 million (Sh3 billion), according to the 2020 Knight Frank's global wealth report. The report released on Wednesday shows that Kenya has the fourth-largest number of in…

Mar 4, 2020
Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain
Business

Kenya Inks Deal to Buy 15 Second-Hand Commuter Trains from Spain

Kenya has inked a deal for the acquisition of 15 second-hand commuter trains from Spain for about Sh1.5 billion. The agreement was signed on Monday in Mallorca, Spain by Kenya Railways Managing Director Philip Mainga…

Mar 3, 2020
US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi Shop
Business

US Company Exits Kenya, Moves to Zambia 5 Months After Opening Nairobi Shop

Barely five months after entering into the Kenyan market, US company Corteva Agriscience has closed its shop in Nairobi and shifted base to Zambia. Corteva, a New York Stock Exchange-listed agricultural chemical and s…

Mar 2, 2020
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