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Business

Kenya Earns Sh51.85 Billion from Exports to the US
Business

Kenya Earns Sh51.85 Billion from Exports to the US

Kenya earned Sh51.85 billion from exports to the United States in 2019, according to data by the Central Bank of Kenya (CBK). This represents a growth by Sh4.51 billion (9.53 percent) from the previous year, making it…

Mar 1, 2020
Allan Kilavuka Named as New Kenya Airways CEO
Business

Allan Kilavuka Named as New Kenya Airways CEO

Jambojet CEO Allan Kilavuka has been confirmed as the new Chief Executive Officer of Kenya Airways. The appointment of Kilavuka, who has been serving as the airline’s CEO in an acting capacity since December 16th, 201…

Feb 27, 2020
Kenya Lifts Ban on Wheat Imports from the US
Business

Kenya Lifts Ban on Wheat Imports from the US

After a 12-year ban, Kenya has opened doors for wheat imports from three US states. In a statement on Wednesday, the US Department of Agriculture (USDA) said the prohibition was lifted following an agreement between K…

Feb 27, 2020
Kenyan Companies Back the Proposed US-Kenya Free Trade Pact
Business

Kenyan Companies Back the Proposed US-Kenya Free Trade Pact

Kenyan companies have thrown their weight behind the proposed free trade agreement between Kenya and the United States. Through their lobby, Kenya Private Sector Alliance (Kepsa), the Kenyan companies said the agreeme…

Feb 22, 2020
Safaricom Rolls Out New Mobile Numbers with 0110 and 0111 Prefixes
Business

Safaricom Rolls Out New Mobile Numbers with 0110 and 0111 Prefixes

Kenya’s giant mobile operator Safaricom on Tuesday announced the rollout of SIM cards with new 0110 and 0111 prefixes. The introduction of the new prefixes comes after the phasing out of the vintage 07xx prefix. Safar…

Feb 18, 2020
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Safaricom to Launch Kenya's First 5G Network
Business

Safaricom to Launch Kenya's First 5G Network

Safaricom has revealed plans to launch Kenya’s first fifth-generation (5G) mobile internet services before the end of this year as it looks to capitalize on the increasing mobile internet use among Kenyans. Acting Saf…

Feb 13, 2020
Google Abandons Plan to Buy Stake in Lake Turkana Wind Farm
Business

Google Abandons Plan to Buy Stake in Lake Turkana Wind Farm

United States technology company, Google has abandoned plans to acquire a stake in Kenya’s Lake Turkana Wind Power (LTWP). Google had submitted a bid to buy a 12.5 percent stake in LTWP but ended the quest over delays…

Feb 11, 2020
Uhuru Meets Trump at the White House
Business

Uhuru Meets Trump at the White House

President Kenyatta on Thursday held a meeting with US President Trump at the White House in Washington, DC. During the meeting, the two leaders agreed to initiate negotiations on a free trade agreement between Kenya a…

Feb 7, 2020
Kenya Signs New Air Transport Agreement with the US
Business

Kenya Signs New Air Transport Agreement with the US

Kenya and the United States have signed a new Air Transport Agreement that will grant all-cargo airliners from the two nations express rights. In a statement on Wednesday, the US government said the agreement that was…

Feb 6, 2020
Trump to Host President Uhuru at the White House
Business

Trump to Host President Uhuru at the White House

US President Donald Trump will on Thursday host Kenyan President Kenyatta at the White House in Washington, DC. The two leaders will advance the discussions that begun when Kenyatta last visited the White House in Aug…

Feb 6, 2020
Uhuru to Hold Talks with Trump in Washington, DC
Business

Uhuru to Hold Talks with Trump in Washington, DC

President Kenyatta is this week scheduled to hold talks with his United States counterpart Donald Trump in Washington, DC. The meeting between the two leaders comes as Kenya and the US prepare to start negotiations on…

Feb 4, 2020
Gov’t Bans the Sale of 17 Maize Flour Brands
Business

Gov’t Bans the Sale of 17 Maize Flour Brands

The Kenya Bureau of Standards (KEBS) on Thursday banned the sale of 17 maize flour brands. In a statement, KEBS said the affected maize meal brands were found to contain high levels of aflatoxin, making them unsafe fo…

Jan 30, 2020
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Kenya Airways Announces Plan to Lay Off Workers
Business

Kenya Airways Announces Plan to Lay Off Workers

Kenya Airways has announced plans to lay off some of its workers in what the management terms as a restructuring move. In an internal memo addressed to staff members, Kenya Airways acting CEO Allan Kilavuka indicated…

Jan 29, 2020
Kenya to Negotiate Free Trade Agreement with the US
Business

Kenya to Negotiate Free Trade Agreement with the US

Officials from Kenya are early next month set to meet with their United States counterparts to negotiate on a Free Trade Agreement (FTA) between the two nations. Kenya, alongside Morocco, is set to be the first countr…

Jan 29, 2020
Kenya to Issue Sh150 Billion Infrastructure Bond
Business

Kenya to Issue Sh150 Billion Infrastructure Bond

The government, through the Kenya Roads Board (KRB), is set to issue a KSh150 bond to enable it to finance various infrastructure projects across the country. The money will be used to fund the development, maintenanc…

Jan 27, 2020
US Billionaire Investor Exits Kenya, Sells 3,700 Acre Farm in Siaya County
Business

US Billionaire Investor Exits Kenya, Sells 3,700 Acre Farm in Siaya County

American tycoon Calvin Burgess has reportedly sold out his multi-billion-shilling farm in Kenya following what he termed as frustration by politicians. Burgess allegedly sold the 3,700-acre Dominion Farms in Siaya Cou…

Jan 26, 2020
Kenya Risks Losing KSh3 Billion US Funding over Graft
Business

Kenya Risks Losing KSh3 Billion US Funding over Graft

Kenya is at risk of missing out on early access to a United States multi-million-dollar development program due to high corruption rates. The country was ranked 137 out of 180 countries in the latest Transparency Inte…

Jan 26, 2020
26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company
Business

26-Year-Old Woman Launches Kenya’s First Digital Car Insurance Company

In a move that could revolutionize Kenya’s insurance industry, a 26-year-old Kenyan woman has launched the country’s first digital car insurance company. Jihan Abass, the founder and CEO of Griffin Insurance, on Frida…

Jan 25, 2020
Michael Joseph Sells All His Safaricom 1.17 Million Shares
Business

Michael Joseph Sells All His Safaricom 1.17 Million Shares

Acting Safaricom CEO Michael Joseph has disclosed he sold off his entire shares in the giant telecommunications operator. Joseph, who is Safaricom’s founding Chief Executive, owned 1.17 million shares in the mobile se…

Jan 19, 2020
Ethiopian Airlines to Build $5 Billion Mega Airport
Business

Ethiopian Airlines to Build $5 Billion Mega Airport

Ethiopian Airlines has revealed plans to build a mega airport at a cost of USD5 billion (KSh500 billion). The construction of the modern facility will commence later this year in Bishoftu, a town located 39 kilometers…

Jan 16, 2020
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