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Business

SportPesa to Expand Its Operations to Brazil
Business

SportPesa to Expand Its Operations to Brazil

Kenyan giant betting company SportPesa has revealed plans to expand its operations to South America. The gaming firm is now eyeing a share of the Sh1.44 trillion gambling market in Brazil after the South American nati…

Dec 30, 2018
Kenya Airways Submits Formal Bid to Take Over JKIA Operations
Business

Kenya Airways Submits Formal Bid to Take Over JKIA Operations

Kenya Airways has submitted a formal bid to the Kenya Airports Authority (KAA) seeking approval to take over management of Nairobi's Jomo Kenyatta International Airport (JKIA). KAA managing director Jonny Andersen say…

Dec 22, 2018
Several Kenyan Saccos Lose Millions of Shillings to Cyber Criminals
Business

Several Kenyan Saccos Lose Millions of Shillings to Cyber Criminals

Kenyan Savings and Credit Cooperative Societies (SACCOs) have been urged to remain alert in the wake of increased cyber attacks targeting financial institutions. Reports indicate that several Saccos have lost millions…

Dec 20, 2018
Kenyans Transact a Record Sh2 Trillion Through Mobile Cash Platforms
Business

Kenyans Transact a Record Sh2 Trillion Through Mobile Cash Platforms

Kenyans transacted a record Sh2 trillion through mobile money transfer platforms in a period of three months. In a report, the Communications Authority of Kenya (CA) says Kenya's mobile cash transaction value hit abov…

Dec 19, 2018
Lab Tests Find Chinese Fish in Kenyan Market Contain Toxic Metals Including Mercury
Business

Lab Tests Find Chinese Fish in Kenyan Market Contain Toxic Metals Including Mercury

Chinese fish being sold in the Kenyan market have been found to contain toxic compounds that are harmful to human health. A laboratory test commissioned by The East African Newspaper has revealed that samples of fish…

Dec 17, 2018
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Nakumatt Re-opens Mega Branch on Nairobi's Uhuru Highway
Business

Nakumatt Re-opens Mega Branch on Nairobi's Uhuru Highway

Kenyan retail chain, Nakumatt has announced re-opening of Nakumatt Mega branch on Nairobi's Uhuru Highway. The retailer, which is currently under administration, exited the space in September and space was occupied by…

Dec 16, 2018
Nema to Shutdown Nairobi's Famous Kiamaiko Slaughterhouse
Business

Nema to Shutdown Nairobi's Famous Kiamaiko Slaughterhouse

The National Environmental Management Authority (Nema) has issued a notice for the closure of Nairobi's popular goat slaughterhouse, Kiamaiko. The Star reports that the agency has issued a one-year notice to traders t…

Dec 12, 2018
Amazon Allows Online Shoppers to Use Kenyan Shillings to Pay for Items
Business

Amazon Allows Online Shoppers to Use Kenyan Shillings to Pay for Items

Kenyan online shoppers can now pay for products purchased from Amazon using the Kenyan shilling, the giant American electronic commerce company has announced. The Washington-headquartered firm says that shoppers who c…

Dec 11, 2018
President Kenyatta Launches Kenya's New-Look Currency Coins
Business

President Kenyatta Launches Kenya's New-Look Currency Coins

The Central Bank of Kenya (CBK) on Friday unveiled Kenya's new-look coins that conform to 2010 constitutional requirements. The new generation currency coins were launched by President Kenyatta at CBK headquarters in…

Dec 11, 2018
Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger
Business

Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger

Two rich Kenyan families, the Kenyattas and the Ndegwas are set to form Kenya's third largest bank following the announcement of a possible merger of Commercial Bank of Africa (CBA) and National Industrial Credit Bank…

Dec 8, 2018
Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roads
Business

Gov't Announces Plans to Remove 14-Seater Matatus from Kenyan Roads

Transport and Infrastructure Cabinet Secretary James Macharia has announced plans by the government to ban 14-seater matatus from Kenyan roads. Macharia says the government has procured 11 commuter trains and 64 high-…

Dec 7, 2018
Kenya Airways to Allow Travellers Reserve their Preferred Seats in Economy Class
Business

Kenya Airways to Allow Travellers Reserve their Preferred Seats in Economy Class

Passengers flying Kenya Airways' flights are now allowed to choose their preferred seats in Economy Class, the national carrier has announced. Kenya Airways says the new product aims at improving the guests’ travel ex…

Dec 4, 2018
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12 Kenyan Enterprises Get Sh200 Million Google Funding
Business

12 Kenyan Enterprises Get Sh200 Million Google Funding

12 Kenyan non-profit enterprises are set to receive Sh200 million grant funding from Google. The 12 Kenyan firms beat more than 1,000 other nonprofits and social enterprises who were fighting to get the fund and train…

Nov 30, 2018
CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling
Business

CBK Dismisses IMF’s Allegations of Overvaluing Kenya Shilling

The Central Bank of Kenya (CBK) has refuted reports by the International Monetary Fund (IMF) claiming that the country has overvalued the shilling in a bid to make it remain strong against the United States dollar. Wh…

Nov 29, 2018
Deputy President William Ruto's Sh600 Million Beach Hotel in Mombasa Gets Clearance
Business

Deputy President William Ruto's Sh600 Million Beach Hotel in Mombasa Gets Clearance

The National Environment Management Authority (Nema) has cleared Deputy President William Ruto's Sh600 million beach hotel that is under construction near the Indian Ocean in Mombasa. Stephen Wambua, the Nema boss in…

Nov 28, 2018
Kenya at High Risk of Losing Key Assets to China over Debt, Global Ratings Firm Moody's Warns
Business

Kenya at High Risk of Losing Key Assets to China over Debt, Global Ratings Firm Moody's Warns

Moody’s Investor Service has warned that Kenya could lose some of its key assets to China over piling debt. In its newly-unveiled report, Moody’s, a global credit rating firm with headquarters in the US, says Kenya is…

Nov 27, 2018
Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2017
Business

Kenya Purchased Military Weapons worth Sh14.6 Billion from the US in 2017

The United States sold military weapons worth Sh14.6 billion to Kenya in 2017. Latest data from the US government shows that this is highest arms purchase by Kenya in the last 10 years. The purchase also places Kenya…

Nov 27, 2018
Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway
Business

Gov't Spends Sh1.5 Million Daily to Maintain Thika Superhighway

The government spends more than Sh1.5 million daily to maintain Thika Superhighway, records from the Kenya National Highways Authority (KeNHA) show. This makes the highway built during President Mwai Kibaki's administ…

Nov 27, 2018
Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Expensive Road Ever
Business

Sh2.7 Billion Per Kilometer Mombasa Bypass Named Kenya's Most Expensive Road Ever

A new report compiled by the Kenya National Highways Authority (KeNHA) has named some of the most expensive roads in the country. In the document, KeNHA lists Dongo Kundu Bypass in Mombasa as the most expensive road i…

Nov 22, 2018
Uber Launches Boda-Boda Service for Commuters in Nairobi
Business

Uber Launches Boda-Boda Service for Commuters in Nairobi

Uber has launched a Boda-Boda service that will allow commuters in Nairobi to hail motorbikes using the Uber app. The new product, dubbed uberBODA, adds to Uber's growing number of services in Kenya, which include ube…

Nov 22, 2018
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