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Business

Kenyans Lose Jobs as Nairobi’s Mayfair Hotel Closes
Business

Kenyans Lose Jobs as Nairobi’s Mayfair Hotel Closes

Dozens of Kenyans have lost their jobs after Tsogo Sun, a South African hospitality group, announced the closure of Nairobi’s Southern Sun Mayfair Hotel. The four-star hotel, which has been in operation in Kenya since…

Jan 10, 2020
Uhuru to Open the Refurbished Kisumu Port
Business

Uhuru to Open the Refurbished Kisumu Port

President Kenyatta is next week scheduled to officially open the refurbished Kisumu port. Uhuru will commission the facility that was renovated at a cost of KSh3 billion on Tuesday, according to Kisumu Governor Prof…

Jan 9, 2020
End of an Era: Kenyan Giant Retail Chain Nakumatt Dissolved
Business

End of an Era: Kenyan Giant Retail Chain Nakumatt Dissolved

The curtains have finally fallen on Nakumatt after creditors on Tuesday voted to dissolve the former giant Kenyan retail chain. The liquidation process was approved during a meeting between Peter Kahi, the court-appoi…

Jan 8, 2020
Microsoft Picks Kendi Ntwiga Nderitu as Country Manager for Kenya
Business

Microsoft Picks Kendi Ntwiga Nderitu as Country Manager for Kenya

United States technology company, Microsoft has appointed Kenyan Kendi Ntwiga Nderitu as the Country Manager for its operations in Kenya. In a statement, Microsoft described Kendi as a highly disciplined and IT-driven…

Jan 7, 2020
Court Declines to Stop Planned Auction of Njenga Karume’s Jacaranda Hotel in Nairobi
Business

Court Declines to Stop Planned Auction of Njenga Karume’s Jacaranda Hotel in Nairobi

The High Court on Tuesday declined to stop the planned auction of Nairobi’s Jacaranda Hotel, which is owned by the late Kenyan cabinet minister Njenga Karume. Justice Wilfrida Okwany ordered the hotel to pay Guaranty…

Jan 7, 2020
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Njenga Karume's Jacaranda Hotel in Nairobi to be Auctioned This Month over Unpaid Loan
Business

Njenga Karume's Jacaranda Hotel in Nairobi to be Auctioned This Month over Unpaid Loan

Popular Jacaranda Hotel in Nairobi’s Westlands area is set to be auctioned later this month over a defaulted loan amounting to over KSh250 million. The high-end hotel, owned by the family of the late powerful Kenyan c…

Jan 6, 2020
Court Freezes Bank Accounts of Isabel dos Santos, Africa’s Richest Woman
Business

Court Freezes Bank Accounts of Isabel dos Santos, Africa’s Richest Woman

An Angolan court has ordered the freeze of all bank accounts belonging to Africa’s richest woman, Isabel dos Santos in an attempt to recover the money she reportedly owes the government.      Also frozen are all bank…

Jan 4, 2020
US Loses its Place as Largest Buyer of Kenya's Specialty Coffee
Business

US Loses its Place as Largest Buyer of Kenya's Specialty Coffee

The United States has lost its place as the largest buyer of Kenya’s specialty coffee.  The US, which topped in both quantities and prices offered in the 2017/2018 season, was overtaken by Belgium and Germany, accordi…

Dec 30, 2019
Allan Kilavuka Appointed as Kenya Airways Interim CEO
Business

Allan Kilavuka Appointed as Kenya Airways Interim CEO

Allan Kilavuka has been appointed as the interim CEO of Kenya Airways (KQ) to replace Sebastian Mikosz who exits the airline at the end of this month. In a statement on Monday, the KQ Board said Kilavuka, who is the c…

Dec 16, 2019
Rwanda's New $1.3 Billion Airport to Dwarf JKIA
Business

Rwanda's New $1.3 Billion Airport to Dwarf JKIA

Qatar Airways is set to take part in the redesign of Bugesera International Airport in Kigali following a deal with the Rwandan Government. Qatar Airways reportedly agreed to take up a 60 percent stake in the new airp…

Dec 11, 2019
US-Based Company Varian Opens Cancer Center in Nairobi
Business

US-Based Company Varian Opens Cancer Center in Nairobi

Varian, a US-based radiation oncology treatments and software maker has entered the Kenyan market. The move comes amid the rising population of cancer patients in the country with many preferring to seek treatment abr…

Dec 2, 2019
BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses
Business

BBI Proposes 7-Year Tax Holiday for Kenyan Startup Businesses

The recently launched Building Bridges Initiative (BBI) report has proposed tax exemptions for startup businesses in the country. The report, which was launched by President Kenyatta on Wednesday, recommends a seven-y…

Nov 29, 2019
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KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats
Business

KRA to Hire 1,000 Spies to Smoke out Wealthy Tax Cheats

Kenya Revenue Authority (KRA) has been allocated an additional Sh2 billion to hire 1,000 intelligence and enforcement officers to spy on and arrest wealthy tax evaders. The National Assembly Budget and Appropriations…

Nov 28, 2019
79,982: The Number of Kenyans Earning over Sh100,000 Per Month
Business

79,982: The Number of Kenyans Earning over Sh100,000 Per Month

A new report by the Kenya National Bureau of Statistics (KNBS) shows that only 79,982 employed Kenyans earn a monthly salary of Sh100,000 and above. This represents an increase of 3,178 (4.1 percent) compared to 2018…

Nov 20, 2019
Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos
Business

Bill Gates Reclaims World’s Richest Man Title from Jeff Bezos

Microsoft co-founder Bill Gates on Friday reclaimed his world's richest person title from his Amazon counterpart Jeff Bezos, who has held the position for the past two years. Gates’ resurgence is partly attributed to…

Nov 17, 2019
Gov’t to Buyout Troubled Kenya Airways
Business

Gov’t to Buyout Troubled Kenya Airways

The national government is set to buyout the loss-making Kenya Airways (KQ). This was revealed by Transport Principal Secretary Esther Koimett while appearing before a Parliament committee on Thursday The government w…

Nov 15, 2019
Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph Says
Business

Sh45 Billion Needed to Rescue Kenya Airways, Chairman Michael Joseph Says

Kenya Airways needs at least Sh45 billion to return to profitability, the airline’s Chairman Michael Joseph has said. Speaking during an interview with Citizen TV’s Jeff Koinange in New York, Joseph hit out at the gov…

Nov 14, 2019
Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market
Business

Kenyan Farmers Cry Foul as US Chicken Imports Flood Kenyan Market

Kenyan poultry farmers and traders have lamented the influx of imported products from the United States as well as Brazil. Lobby groups representing poultry farmers and traders expressed fears that last week’s US Trad…

Nov 14, 2019
US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ Direct Flights
Business

US Cements its Position as Kenya’s Top Source of Tourists thanks to KQ Direct Flights

The United States has maintained its place as Kenya’s top source of tourists, according to the latest data from the Tourism Research Institute (TRI). The latest TRI data shows that arrivals from the US grew by 8.4 per…

Nov 11, 2019
Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi During Meeting with Uhuru
Business

Amazon Executives Reveal Plans to Set Up Edge Location in Nairobi During Meeting with Uhuru

President Kenyatta on Friday held a meeting with visiting executives of Amazon Web Services (AWS) at State House, Nairobi. AWS is an enterprise of the United States e-commerce giant, Amazon that offers cloud computing…

Nov 8, 2019
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