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Business

Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarked for Auction by KRA
Business

Bishop Margret Wanjiru's Toyota Prado among 568 Vehicles Earmarked for Auction by KRA

The Kenya Revenue Authority (KRA) says it will auction 568 cars that have overstayed at the port of Mombasa after importers failed to pick them. In a gazette notice, KRA says it has given owners of the vehicles 30 day…

Nov 21, 2018
Construction of Sh59 Billion Overpass from JKIA Set to Begin
Business

Construction of Sh59 Billion Overpass from JKIA Set to Begin

Transport and Infrastructure Cabinet Secretary James Macharia says the planned construction of an overpass from the Jomo Kenyatta International Airport (JKIA) will begin soon. Macharia says engineers are putting final…

Nov 20, 2018
Moi International Airport to Undergo Sh7 Billion Facelift
Business

Moi International Airport to Undergo Sh7 Billion Facelift

Moi International Airport (MIA) in Mombasa is set to undergo a major upgrade at a cost of Sh7 billion. Transport Cabinet Secretary James Macharia says the funds will be used to refurbish airside pavements and airfield…

Nov 20, 2018
KRA Misses Tax Collection Target by Sh60 Billion
Business

KRA Misses Tax Collection Target by Sh60 Billion

The Kenya Revenue Authority (KRA) has once again failed to meet its tax collection target in the three months ended September, 2018. Latest data from the National Treasury shows the taxman fell short of the collection…

Nov 19, 2018
Nairobi Ranked Africa's Most Expensive City to Live in
Business

Nairobi Ranked Africa's Most Expensive City to Live in

A newly released survey report has ranked Nairobi as the most expensive city to live in the continent of Africa. The survey, dubbed Cost of Living in Cities around the World: Prices and Earnings 2018, was carried out…

Nov 16, 2018
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Uber Mulls Launching Minibus Service in Nairobi
Business

Uber Mulls Launching Minibus Service in Nairobi

Uber is planning to launch minibus service targeting congested estates in Nairobi. Uber’s East Africa General Manager Loic Amado says the service will be rolled out in Nairobi if the ongoing tests on the product in Eg…

Nov 15, 2018
Kenya Airways Reduces Number of Direct Flights on the Newly-Launched Nairobi-New York Route
Business

Kenya Airways Reduces Number of Direct Flights on the Newly-Launched Nairobi-New York Route

Kenya Airways has reportedly reduced the number of flights flying directly on the newly launched Nairobi-New York route due to low demand  The airline's management attributes the low booking of tickets to effects of w…

Nov 14, 2018
Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Billion
Business

Printing of Kenya's New-Look Currency to Cost Taxpayers Sh15 Billion

The cost of printing new-look Kenya currency has gone up by 50 percent to Sh15 billion from the initial Sh10 billion, Central Bank of Kenya has announced. The increase is as a result of introduction of a new coat of v…

Nov 13, 2018
Telkom Kenya Names Mugo Kibati as Its New CEO
Business

Telkom Kenya Names Mugo Kibati as Its New CEO

Telkom Kenya has appointed Mugo Kibati as its new Chief Executive Officer (CEO). Kibati takes over the position from Aldo Mareuse who has left the telecommunications company to pursue other interests after two years a…

Nov 9, 2018
Kenya Airways to Launch Flights to Other US Destinations including Atlanta and Washington, DC
Business

Kenya Airways to Launch Flights to Other US Destinations including Atlanta and Washington, DC

Kenya Airways plans to launch flights to other destinations in the United States including Atlanta and Washington, DC, the airline's chairman Michael Joseph has announced. Last week,Kenya Airways launched daily direct…

Nov 7, 2018
Africa's Richest Man Aliko Dangote to Buy Kenyan Company
Business

Africa's Richest Man Aliko Dangote to Buy Kenyan Company

Africa’s wealthiest man Aliko Dangote has announced he will be acquiring a Kenyan company. Speaking during an interview with Bloomberg, the tycoon refused to reveal the identity of the company but notes that the firm…

Nov 7, 2018
MPesa Users to Make Transactions through Western Union in New Deal
Business

MPesa Users to Make Transactions through Western Union in New Deal

Safaricom has signed a payments deal with United States financial services company Western Union. The deal will allow MPesa users to send and receive cash at any Western Union outlets across the globe. Under the agree…

Nov 6, 2018
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Immigration's Among Several Kenya Gov't Websites Shutdown By Microsoft
Business

Immigration's Among Several Kenya Gov't Websites Shutdown By Microsoft

Kenya's Immigration Department's website (www.immigration.go.ke) is among several government websites that have been shutdown by Microsoft over alleged unsettled debts. Other ministries affected by the shutdown includ…

Nov 6, 2018
BBC Launches Africa Headquarters in Nairobi
Business

BBC Launches Africa Headquarters in Nairobi

British Broadcasting Corporation (BBC) has officially launched its East African Bureau in Nairobi. The bureau is the largest BBC studio outside the United Kingdom and will double up as the company's Africa headquarter…

Nov 6, 2018
Safaricom to Launch an Overdraft Facility for Mpesa Users
Business

Safaricom to Launch an Overdraft Facility for Mpesa Users

Kenya's leading mobile service provider Safaricom is set to launch an overdraft facility for its Mpesa customers. Dubbed Fuliza, the facility will allow Mpesa users to send money or pay for goods and services even whe…

Nov 4, 2018
Safaricom Announces Sh31.5 Billion Half Year Profit
Business

Safaricom Announces Sh31.5 Billion Half Year Profit

Safaricom has announced a Sh31.5  billion net profit in the half-year ending September 30th, 2018. M-Pesa revenues grew by 18.2 percent, raking in Sh35.5 billion while mobile data revenues hit Sh19.45 billion, a 10.2…

Nov 3, 2018
President Uhuru Administration to Sell 26 State-owned Companies
Business

President Uhuru Administration to Sell 26 State-owned Companies

President Kenyatta's administration is set to sell 26 state-owned companies in order to raise funds for the current budget. The Star reports that the move has already received approval from the Kenya's Privatisation C…

Nov 3, 2018
Kenyan Gov't Suspends Ban Imposed on Chinese Fish
Business

Kenyan Gov't Suspends Ban Imposed on Chinese Fish

The government has suspended the ban imposed on the importation of Chinese fish into the country. Susan Imende, the Director-General of the Kenya Fisheries Service says the ban that was scheduled to take effect on Jan…

Nov 2, 2018
China Withdraws Threat of Imposing Trade Sanctions on Kenya over Ban on Chinese Fish
Business

China Withdraws Threat of Imposing Trade Sanctions on Kenya over Ban on Chinese Fish

China has withdrawn its earlier threat of engaging in a “trade war” with Kenya over the government's decision to impose a ban on Chinese fish. On Tuesday, Chinese Ambassador to Kenya Li Xuhang warned that his country…

Nov 1, 2018
Uganda Denies Pulling Out of SGR Deal with Kenya
Business

Uganda Denies Pulling Out of SGR Deal with Kenya

Uganda has refuted reports that it has pulled out of the deal for the construction of a Standard Gauge Railway (SGR) line linking the country with Kenya. Monica Azuba, Uganda's Minister of Works and Transport, says he…

Nov 1, 2018
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