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Business

RwandAir Seeks to Operate Nonstop Flights to the US
Business

RwandAir Seeks to Operate Nonstop Flights to the US

RwandaAir is planning to launch nonstop flights to the United States. If cleared, RwandaAir will compete for passengers with Kenya Airways (KQ), which launched direct flights between Jomo Kenyatta International Airpor…

Feb 8, 2019
Kenya's Ukwala Supermarket to Shut Down over Sh1 Billion Debt
Business

Kenya's Ukwala Supermarket to Shut Down over Sh1 Billion Debt

After accumulating debts amounting to Sh1 billion, Ukwala Supermarket has begun the process of shutting down. The retailer chain has made an application in court seeking permanent closure of its business. “The company…

Feb 7, 2019
Facebook Announces Plans to Open Office in Nairobi
Business

Facebook Announces Plans to Open Office in Nairobi

Facebook has announced plans to open an office in Kenya. The Nairobi office will serve as a content review center, employing several tech-savvy Kenyans. I.T News Africa reports that the California-headquartered giant…

Feb 7, 2019
End of an Era: Kenya's Oldest Supermarket Ebrahim Shuts Down after 75 Years of Operation
Business

End of an Era: Kenya's Oldest Supermarket Ebrahim Shuts Down after 75 Years of Operation

Kenya's oldest and one of the most famous supermarkets, Ebrahim, has shut down. The Business Daily reports that Ebrahim has closed down its only remaining branch on Nairobi's Moi Avenue, bringing to an end its 75 year…

Feb 6, 2019
Car Dealers Write to President Uhuru to Protest Reduction of Age Limit on Imported Second-Hand Vehicles
Business

Car Dealers Write to President Uhuru to Protest Reduction of Age Limit on Imported Second-Hand Vehicles

Car dealers under the Kenya Auto Bazaar Association (KABA) have written to President Kenyatta over the proposed age limit for second-hand imported vehicles. KABA has pleaded with President Kenyatta to scrap the Draft…

Feb 5, 2019
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Gov't Withdraws Permit for Toxic Nuteez Peanut Butter, Two Other Brands
Business

Gov't Withdraws Permit for Toxic Nuteez Peanut Butter, Two Other Brands

The Kenya Bureau of Standards (Kebs) has suspended the permit issued to Nuteez peanut butter manufacturer, Jetlak Foods Ltd. In a statement, the agency has also directed Jetlak to withdraw Nuteez peanut butter brand f…

Feb 4, 2019
Ethiopian Airlines Announces New Flights to New York’s JFK Airport
Business

Ethiopian Airlines Announces New Flights to New York’s JFK Airport

Ethiopian Airlines (ET) is set to launch new flights to New York's JF Kennedy International Airport. The Ethiopia government-owned national carrier says it will fly to JFK Airport thrice a week beginning June 2019. Th…

Feb 4, 2019
Company Withdraws Nuteez Peanut Butter from Kenyan Shelves after Gov't Declared it Unfit for Human Consumption
Business

Company Withdraws Nuteez Peanut Butter from Kenyan Shelves after Gov't Declared it Unfit for Human Consumption

Jetlack Food Limited, the company that makes Nuteez peanut butter, says it has withdrawn the product from Kenyan and Ugandan shelves. This comes days after Kenya's  Ministry of Health declared the food product as unfi…

Feb 3, 2019
French IT Firm Accused of Meddling with Kenya's 2017 Presidential Elections Wins New Sh6 Billion Gov't Tender
Business

French IT Firm Accused of Meddling with Kenya's 2017 Presidential Elections Wins New Sh6 Billion Gov't Tender

A French technology company that was caught up in rigging claims during Kenya's 2017 presidential elections has won a new Sh6 billion government tender.   Business Daily reports that OT Morpho which rebranded to IDEMI…

Feb 3, 2019
Equity Bank Named Kenya's Most Expensive Lender
Business

Equity Bank Named Kenya's Most Expensive Lender

Equity Bank has been ranked as the most expensive lender in Kenya.  A new report on how banks charge for loans shows that borrowers will get loans at the highest cost at Equity Bank than at any other Kenyan lender. Fo…

Feb 1, 2019
KRA Chairman Francis Muthaura Urges Kenya to Ban 'Mitumba'
Business

KRA Chairman Francis Muthaura Urges Kenya to Ban 'Mitumba'

Kenya Revenue Authority (KRA) Chairperson Amb. Francis Muthaura has called for the imposition of a ban on importation of second-hand clothes into Kenya. Muthaura says imposing a ban on importation of mitumba will help…

Jan 27, 2019
NIC Bank Partners with WorldRemit for Digital Money Transfers to Kenya
Business

NIC Bank Partners with WorldRemit for Digital Money Transfers to Kenya

Leading digital money transfer service WorldRemit has joined forces with NIC Bank for digital money transfers to Kenya. Kenyans living in over 50 countries, including the United Kingdom, the United States and Canada…

Jan 24, 2019
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Foreign Companies Vow to Remain in Kenya Despite Tuesday Terror Attack in Nairobi
Business

Foreign Companies Vow to Remain in Kenya Despite Tuesday Terror Attack in Nairobi

International companies with regional headquarters in Nairobi have pledged to remain in Kenya despite Tuesday's terror attack at dusitD2 complex along 14 Riverside Drive in Westlands. The companies say the attack will…

Jan 18, 2019
1 Million Mpesa Subscribers Use Safaricom's Overdraft Service One Week After Launch
Business

1 Million Mpesa Subscribers Use Safaricom's Overdraft Service One Week After Launch

Safaricom CEO Bob Collymore says more than 1 million Mpesa subscribers have used the company's overdraft service that was launched more than a week ago.  Speaking to Reuters, Collymore says the service dubbed Fuliza o…

Jan 18, 2019
Airtel Moves Closer to Buying Out Telkom Kenya
Business

Airtel Moves Closer to Buying Out Telkom Kenya

Bharti Airtel has reportedly initiated discussions aimed at buying out Telkom Kenya. The deal, which is expected to be struck by March 2019, will see Helios Investment, a London-based company that owns 60 percent stak…

Jan 15, 2019
Relief for Kenyan Consumers as Fuel Prices Fall to a 13-Month Low
Business

Relief for Kenyan Consumers as Fuel Prices Fall to a 13-Month Low

The Energy Regulatory Commission (ERC) has announced reduced fuel prices in the latest review that comes as a major relief for consumers. In an announcement made on Monday, the agency has reduced the prices of petrol…

Jan 14, 2019
Nigeria's Aliko Dangote Remains Africa's Richest Man as No Kenyan Makes it to the Forbes Magazine List
Business

Nigeria's Aliko Dangote Remains Africa's Richest Man as No Kenyan Makes it to the Forbes Magazine List

Nigerian billionaire, Aliko Dangote has retained his crown as Africa's richest man even as no Kenyan made it to the top 20 list released by Forbes Magazine. The continent’s rich list features individuals from eight Af…

Jan 12, 2019
Reprieve for Nairobi Motorists as Governor Mike Sonko Slashes CBD Parking Fees to Sh200
Business

Reprieve for Nairobi Motorists as Governor Mike Sonko Slashes CBD Parking Fees to Sh200

Governor Mike Sonko has ordered reduction of Nairobi central business district parking fees to Sh200 starting Monday, January 14th, 2019. Governor Sonko says the slashing of the fees from the current Sh300 is in line…

Jan 11, 2019
Kenyatta Family Makes Sh1.4 Billion Bid to Acquire Jamii Bora Bank
Business

Kenyatta Family Makes Sh1.4 Billion Bid to Acquire Jamii Bora Bank

Commercial Bank of Africa (CBA) has tabled a bid to acquire Jamii Bora Bank in a move that could further expand Kenyatta family's multi-billion-shilling business empire. The Business Daily reports that the Kenyatta fa…

Jan 11, 2019
Safaricom Launches Overdraft Facility for Mpesa Users
Business

Safaricom Launches Overdraft Facility for Mpesa Users

Kenyan giant telecommunications firm, Safaricom has launched an overdraft service for its Mpesa customers. Dubbed Fuliza or Okoa Mpesa, the facility allows Mpesa users to send money or pay for goods and services even…

Jan 9, 2019
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