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Business

Gov't Gives Kenyan Gamblers 48 Hours to Withdraw Funds from Betting Companies' Wallets
Business

Gov't Gives Kenyan Gamblers 48 Hours to Withdraw Funds from Betting Companies' Wallets

The government has given millions of sports’ gamblers in Kenya 48 hours to withdraw funds deposited in betting companies’ wallets or lose them.   This means gamblers have until Friday night to withdraw the cash follow…

Jul 12, 2019
Late Kenyan Billionaire Njenga Karume’s Jacaranda Hotel Put on Auction over Sh257 Million Debt
Business

Late Kenyan Billionaire Njenga Karume’s Jacaranda Hotel Put on Auction over Sh257 Million Debt

The late Kenyan billionaire Njenga Karume’s Jacaranda Hotel in Nairobi's Westlands area is set to be auctioned over Sh257.6 million debt. The four-star hotel has been put up for auction to recover the huge debt owed t…

Jul 10, 2019
US Lender in Court Battle with Kenyan Sacco over Sh36 Million Loan
Business

US Lender in Court Battle with Kenyan Sacco over Sh36 Million Loan

A US investment company filed a lawsuit against a Kenyan farmers' co-operative society over failure to service a loan that has now accumulated to Sh36.6 million. Root Capital Incorporated, an investment company based…

Jul 9, 2019
US Coffeehouse Chain Starbucks Speaks Out on Opening Shop in Nairobi
Business

US Coffeehouse Chain Starbucks Speaks Out on Opening Shop in Nairobi

US coffeehouse chain Starbucks has refuted reports appearing in a section of local media claiming that it was planning to enter the Kenyan market. A representative of Taste Holdings, the brand’s South Africa-based fra…

Jul 9, 2019
Michael Joseph Defends His Appointment as Safaricom Interim CEO
Business

Michael Joseph Defends His Appointment as Safaricom Interim CEO

Safaricom interim CEO Michael Joseph has defended the decision by the company's board to appoint him to the position following the death of Bob Collymore. This comes after questions were raised on why the board did no…

Jul 3, 2019
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Safaricom to Close All Shops Countrywide in Honor of Late CEO Bob Collymore
Business

Safaricom to Close All Shops Countrywide in Honor of Late CEO Bob Collymore

Safaricom has announced that all shops across the country will close for four hours on Thursday in honor of their late CEO Bob Collymore. The telecommunications company said the outlets will remain closed from 10:30 a…

Jul 3, 2019
Martha Karua Faults Appointment of Michael Joseph as Safaricom Interim CEO
Business

Martha Karua Faults Appointment of Michael Joseph as Safaricom Interim CEO

Kenyan politician Martha Karua has criticized the appointment of Michael Joseph as Safaricom's interim CEO. Joseph was picked by Safaricom Board to serve in the position on an acting capacity following the death of Bo…

Jul 2, 2019
Safaricom Apologizes after Erroneously Sending ‘Threatening’ Message to Subscribers
Business

Safaricom Apologizes after Erroneously Sending ‘Threatening’ Message to Subscribers

Safaricom has apologized to its subscribers after erroneously sending a threatening message on Saturday morning. Several Safaricom subscribers were left in shock after receiving a message from the mobile service provi…

Jun 29, 2019
1.3 Million Kenyans Risk Huge Fines for Failing to File Tax Returns before Sunday Deadline
Business

1.3 Million Kenyans Risk Huge Fines for Failing to File Tax Returns before Sunday Deadline

More than one million Kenyans are yet to file their tax returns with Kenya Revenue Authority (KRA) four days before Sunday’s June 30th deadline. KRA told Business Daily that 1.3 million taxpayers were yet to file thei…

Jun 27, 2019
Kenyan Businessman Files Sh115 Trillion Lawsuit against Safaricom
Business

Kenyan Businessman Files Sh115 Trillion Lawsuit against Safaricom

Kenyan businessman Benedict Kabugi Ndung’u has filed a lawsuit against telecommunications company Safaricom. Ndung’u accuses the giant mobile service provider company of breach of privacy in handling data for its mill…

Jun 26, 2019
Username Investments CEO Receives the Prestigious 2019 African Business Personality Award
Business

Username Investments CEO Receives the Prestigious 2019 African Business Personality Award

Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business Personality Award at the Voice Achievers Award. The prestigious award seeks to recognize outstanding men and women who have…

Jun 24, 2019
We Are Only Accepting Old Kenyan Currency, US Embassy in Nairobi Tells Visa Applicants
Business

We Are Only Accepting Old Kenyan Currency, US Embassy in Nairobi Tells Visa Applicants

The United States Embassy in Nairobi has told visa applicants that the Embassy is only accepting old Kenyan currency notes at the moment. In a statement on Tuesday, the Embassy said they are still developing procedure…

Jun 18, 2019
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Ethiopian Airlines Launches Three Weekly Flights to New York's JFK Airport
Business

Ethiopian Airlines Launches Three Weekly Flights to New York's JFK Airport

Ethiopian Airlines has launched three weekly flights to New York's John F Kennedy (JFK) International Airport. The airline said the new flights to New York will make stopovers in Abidjan, Ivory Coast (West Africa). Et…

Jun 12, 2019
Billionaire Chris Kirubi to Pocket Sh230 Million in Dividends from Centum
Business

Billionaire Chris Kirubi to Pocket Sh230 Million in Dividends from Centum

Kenyan billionaire businessman Chris Kirubi is set to receive $2.3 million (about Sh230 million) in dividends from Centum Investment. This comes after the listed private equity company announced a profit of Sh4.44 bil…

Jun 12, 2019
Central Bank Defends Presence of Kenyatta's Image on New Banknotes
Business

Central Bank Defends Presence of Kenyatta's Image on New Banknotes

The Central Bank of Kenya (CBK) has defended the presence of Jomo Kenyatta's image on the new generation banknotes. In its response to a case filed by activist Okiya Omtatah, the CBK dismissed the petitioner's claims…

Jun 12, 2019
12 Luxury Vehicles Stolen from the UK Seized in Kenya by KRA Officers
Business

12 Luxury Vehicles Stolen from the UK Seized in Kenya by KRA Officers

12 luxury vehicles smuggled into Kenya from the United Kingdom have been impounded at the Mombasa port. The Business Daily reports that the high-end cars worth millions of shillings were seized by officers from the Ke…

Jun 11, 2019
Former Kiambu Governor Kabogo to Sue Safaricom, Telcos over Internet Data Expiry
Business

Former Kiambu Governor Kabogo to Sue Safaricom, Telcos over Internet Data Expiry

Former Kiambu Governor William Kabogo is set to sue Safaricom and other Kenyan telecommunications companies over internet data expiry date. Kabogo accused the mobile service providers of exploiting Kenyans, arguing th…

Jun 11, 2019
Burger King to Spend Sh270 Million to Open New Branches in Kenya
Business

Burger King to Spend Sh270 Million to Open New Branches in Kenya

United States-based fast food chain Burger King has revealed plans to spend more than Sh270 million annually to open new branches in Kenya. This is part of the restaurant's plan to expand its footprint in the Kenyan m…

Jun 4, 2019
Gov't to Acquire 32 Nairobi BRT Buses from Local Manufacturers
Business

Gov't to Acquire 32 Nairobi BRT Buses from Local Manufacturers

Kenya's Ministry of Transport has reduced the number of high-capacity buses it was set to import from South Africa from 64 to 32. The ministry had earlier made orders for 64 buses meant for the Nairobi's bus transit t…

Jun 3, 2019
Nairobi Named Africa's Leading Business Travel Destination
Business

Nairobi Named Africa's Leading Business Travel Destination

Nairobi has been named Africa’s leading business travel destination at this year’s 26th Annual World Travel Award (WTA). The Kenyan capital emerged the winner after beating other popular African cities including Cairo…

Jun 3, 2019
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