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Business

US Fast-Food Chain Burger King Opens New Outlet in Nairobi
Business

US Fast-Food Chain Burger King Opens New Outlet in Nairobi

United States fast-food chain Burger King has launched its fifth outlet in the Kenyan capital, Nairobi. The opening of the new branch in Lavington is part of the franchise's plan to expand its footprint in the Kenyan…

Jun 2, 2019
KQ Sheds Light on Why Passengers are Prevented from Switching Seats on Half-Empty Flights
Business

KQ Sheds Light on Why Passengers are Prevented from Switching Seats on Half-Empty Flights

Kenya Airways (KQ) has shed light on why passengers aboard a half-empty flight are not allowed to switch seats. KQ was responding to a British customer who asked why travelers aboard a London-bound KQ flight were prev…

May 31, 2019
Kenya Secures Sh75 Billion Loan from World Bank
Business

Kenya Secures Sh75 Billion Loan from World Bank

The World Bank has approved Kenya's request for a loan of Sh75 billion to support the 2019/2020 budget. In a statement, the World Bank said the money will support the government's Big Four Agenda which prioritizes uni…

May 30, 2019
Kenya Requests Sh75 Billion Loan from World Bank
Business

Kenya Requests Sh75 Billion Loan from World Bank

The Kenyan government has written to the World Bank requesting for a new loan of Sh75 billion. The Business Daily reports that Kenya has described the loan as "Inclusive Growth and Fiscal Management Development Policy…

May 28, 2019
Sebastian Mikosz to Resign as Kenya Airways CEO
Business

Sebastian Mikosz to Resign as Kenya Airways CEO

Kenya Airways CEO Sebastian Mikosz is set to step down from his position at the end of this year. In an internal memo to the national carrier's staff, Mikosz, who was appointed to the position in June 2017, cited "per…

May 24, 2019
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Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from British Company Vodafone
Business

Safaricom Tables Sh1.3 Billion Bid to Acquire Mpesa Rights from British Company Vodafone

Safaricom and its parent company, Vodacom have revealed plans to acquire the intellectual property rights of M-pesa service from British telecommunications firm Vodafone. Speaking to Reuters on Thursday, Safaricom CEO…

May 24, 2019
CEO Bob Collymore to Extend His Stay at Safaricom
Business

CEO Bob Collymore to Extend His Stay at Safaricom

Safaricom CEO Bob Collymore has announced he will extend his stay at the giant telecommunications company beyond his current term. Speaking to journalists on the sidelines of a meeting on Thursday, Collymore said he w…

May 23, 2019
Google Cuts Business Ties with Phone Maker Huawei as US-China Trade War Heightens
Business

Google Cuts Business Ties with Phone Maker Huawei as US-China Trade War Heightens

Alphabet Inc’s Google has cut business ties with Chinese phone manufacturer Huawei in what could be a major blow to the giant telecommunications firm. The move means new designs of Huawei smartphones will not be able…

May 20, 2019
Kenya Bans Importation of Used Car Spare Parts
Business

Kenya Bans Importation of Used Car Spare Parts

The Kenya Bureau of Standards (Kebs) has banned the importation of used car spare parts into the country. In a notice on Monday, the State agency says the ban affects 17 categories of second-hand automobile spare part…

May 20, 2019
Windows, Old Android Smartphone Owners will No Longer Access WhatsApp
Business

Windows, Old Android Smartphone Owners will No Longer Access WhatsApp

Individuals using smartphones running on Windows operating systems will not be able to access the messaging app, WhatsApp after December 31st, 2019. In a notice on its mobile device support blog, WhatsApp says it will…

May 18, 2019
Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow in the US, UK
Business

Kenya Secures Third Sh210 Billion Eurobond After Successful Roadshow in the US, UK

Kenya has issued a new Eurobond worth Sh210 billion ($2.1 billion), the country's third in a period of five years. The loan has been secured following a successful roadshow in the United States and the United Kingdom…

May 16, 2019
South Africa Leapfrogs the US to Become Kenya's Second Largest Foreign Investor
Business

South Africa Leapfrogs the US to Become Kenya's Second Largest Foreign Investor

South Africa has overtaken the United States to become Kenya's second largest foreign investor. South Africa leapfrogged the US to second place following a number of multi-billion shilling deals recently inked by SA f…

May 16, 2019
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Central Bank of Kenya Accused of Overvaluing Kenya Shilling by 30 Percent
Business

Central Bank of Kenya Accused of Overvaluing Kenya Shilling by 30 Percent

Central Bank of Kenya (CBK) has been accused of manipulating the shilling and overvaluing it by up to 30 percent. The claims have been made by Amana Capital in its latest report dubbed ‘Kenya’s Economic Puzzle - Putti…

May 8, 2019
Safaricom Posts a Record Sh63.4 Billion Profit Buoyed by Mpesa Earnings
Business

Safaricom Posts a Record Sh63.4 Billion Profit Buoyed by Mpesa Earnings

Kenya's giant telecommunications company Safaricom has announced a record profit of Sh63.4 billion in the financial year ending March 31st, 2019. This represents a 14.7 percent increase from the Sh45.1 billion recorde…

May 3, 2019
Safaricom Speaks Out on CEO Bob Collymore's Departure
Business

Safaricom Speaks Out on CEO Bob Collymore's Departure

Safaricom has appeared to confirm reports of CEO Bob Collymore's departure from the company. On Monday, a section of local and international media reported that Collymore would step down from his position in August th…

Apr 30, 2019
Kenya Airways Announces Sh7.6 Billion Loss
Business

Kenya Airways Announces Sh7.6 Billion Loss

National airline Kenya Airways has announced a net loss of Sh7.6 billion for the year ending December 31st, 2018. This is an increase from the Sh6.4 billion loss posted in the nine-month period between April 1st and D…

Apr 30, 2019
Safaricom CEO Bob Collymore to Exit the Company After 9-Year Reign
Business

Safaricom CEO Bob Collymore to Exit the Company After 9-Year Reign

Safaricom CEO Bob Collymore is reportedly set to leave the telecommunications company before the end of this year. Reuters reports that Collymore, 61, plans to step down in August over health reasons but the company h…

Apr 29, 2019
Former Kenya Airways CEO Titus Naikuni Lands Plum Job in South Africa
Business

Former Kenya Airways CEO Titus Naikuni Lands Plum Job in South Africa

Former Kenya Airways Chief Executive Officer Titus Naikuni has been appointed as Tata Chemicals' Director in South Africa. Naikuni, who currently serves as the technical advisor to Tata Chemicals Magadi Ltd. CEO will…

Apr 28, 2019
Cabinet Approves Construction of Sh60 Billion Flyover Linking JKIA to Nairobi CBD
Business

Cabinet Approves Construction of Sh60 Billion Flyover Linking JKIA to Nairobi CBD

The cabinet has approved a plan to construct an expressway linking Jomo Kenyatta International Airport (JKIA) to Nairobi central business district and Westlands.  The 28-kilometer highway bridge is expected to tackle…

Apr 23, 2019
Kenya Airways Activates Codeshare with Delta Airlines
Business

Kenya Airways Activates Codeshare with Delta Airlines

Kenya Airways has activated its codeshare agreement with Delta Airlines, paving the way for seamless travel in the US and Canada. The codeshare gives KQ's business and leisure travelers an opportunity to enjoy greater…

Apr 16, 2019
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