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Business

Treasury Increases Deputy President Ruto's Wife Rachael Ruto Budget By 700 Per Cent to Sh118 Million
Business

Treasury Increases Deputy President Ruto's Wife Rachael Ruto Budget By 700 Per Cent to Sh118 Million

The office of Deputy President William Ruto's wife, Rachael has received a 700 per cent increase in budget for staff hiring for the next financial year. The Treasury has set aside an additional Sh103.7 million for Rac…

May 26, 2018
Kenya Confident JKIA will be Cleared for Direct Flights to the US
Business

Kenya Confident JKIA will be Cleared for Direct Flights to the US

Transport and Infrastructure Cabinet Secretary James Macharia has expressed optimism that Jomo Kenyatta International Airport (JKIA) will be cleared for nonstop  flights between Nairobi and New York. The CS said the f…

May 23, 2018
US Authorities Begin Final Audit on JKIA to Allow Kenya Airways Operate Nonstop Flights to New York
Business

US Authorities Begin Final Audit on JKIA to Allow Kenya Airways Operate Nonstop Flights to New York

Jomo Kenyatta International Airport (JKIA) is set to undergo a final audit by the American security agencies starting Monday. This audit will determine whether Kenya Airways will be granted authority to operate nonsto…

May 21, 2018
Gov't Slashes Retired President Mwai Kibaki's Staff, Car Maintenance Budget to Sh87 Million
Business

Gov't Slashes Retired President Mwai Kibaki's Staff, Car Maintenance Budget to Sh87 Million

Retired President Mwai Kibaki has had his staff, catering and car maintenance costs for the next financial year trimmed to Sh87 million. The National Treasury cut the budget allocated to the office of former president…

May 20, 2018
Why Failing to Reverse a Wrong M-Pesa Transaction will Land You in Prison for 2 Years, Sh200,000 Fine
Business

Why Failing to Reverse a Wrong M-Pesa Transaction will Land You in Prison for 2 Years, Sh200,000 Fine

Failing to reverse a wrong M-Pesa transaction will attract a fine of up to Sh200,000 or a 2-year prison term or both, the Computer and Cyber Crimes Act, 2018 which was ratified by President Kenyatta on Wednesday state…

May 18, 2018
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Kenyan Treasury to Slap High Income Earners with 35 Per Cent Tax
Business

Kenyan Treasury to Slap High Income Earners with 35 Per Cent Tax

High income earners could be be subjected to taxation of up to 35 percent in a new Bill by the National Treasury. Treasury Cabinet Secretary Henry Rotich in a newly published Income Tax Bill says the move is aimed at…

May 16, 2018
US Company to Construct Sh300 Billion Nairobi-Mombasa Expressway
Business

US Company to Construct Sh300 Billion Nairobi-Mombasa Expressway

American construction company Bechtel Executive is set to begin work on the Sh300 billion Nairobi-Mombasa expressway. The road will be built and owned by a private investor after the Kenyan government declined to take…

May 16, 2018
Government Disposes 400 Tonnes of Contraband Sugar into the Indian Ocean
Business

Government Disposes 400 Tonnes of Contraband Sugar into the Indian Ocean

The government has disposed 400 tonnes of contraband sugar into the Indian Ocean. The destruction of the Sh28 million commodity was supervised by Industrialisation Cabinet Secretary Adan Mohamed and his Tourism counte…

May 12, 2018
Kenyans Warned against Returning Strange International Calls as 'Wangiri Fraud' Returns to Kenya
Business

Kenyans Warned against Returning Strange International Calls as 'Wangiri Fraud' Returns to Kenya

Kenyans have been warned of the resurgence of an international phone calls scam that has seen several unsuspecting people across the world lose millions of shillings worth of credit. In a statement, Communication Auth…

May 10, 2018
Nairobi's Popular Maasai Curio Market Demolished
Business

Nairobi's Popular Maasai Curio Market Demolished

Nairobi's popular curio market, Maasai market located opposite Sarit Center in Westlands has been demolished. The famous market was brought down under heavy police presence on Thursday morning in anticipation of prote…

May 10, 2018
Kenyans Online React after Safaricom Posts Massive Profits
Business

Kenyans Online React after Safaricom Posts Massive Profits

Kenya's telecommunications giant Safaricom on Wednesday announced a Sh55.29 billion profit for the year ending March 31st, a 14.1 percent increase compared to Sh48.4 billion the previous year. The results, largely dri…

May 9, 2018
Safaricom CEO Bob Collymore Announces Return after Six-Month Absence as Telco Posts Sh55 Billion Profit
Business

Safaricom CEO Bob Collymore Announces Return after Six-Month Absence as Telco Posts Sh55 Billion Profit

Safaricom Chief Executive Officer (CEO) Bob Collymore, who has been away on a medical leave for several months has announced his return to the mobile service provider. In a video shared to staff and shareholders on We…

May 9, 2018
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How Kenyan Uber Drivers are Defrauding Unsuspecting Riders
Business

How Kenyan Uber Drivers are Defrauding Unsuspecting Riders

A scheme used by rogue Kenyan drivers working for taxi-hailing service, Uber to overcharge riders has been exposed. The drivers have allegedly been using dummy apps to extend the distance travelled by the customers in…

May 8, 2018
US Company to Acquire 723 Telkom Kenya Communication Towers
Business

US Company to Acquire 723 Telkom Kenya Communication Towers

Kenyan mobile service provider firm, Telkom Kenya is set to hand over 723 of its telecommunication towers to a United States company, American Tower Corporation (ATC) after the two firms signed an agreement for an und…

May 7, 2018
Facebook Set to Launch a Dating Service
Business

Facebook Set to Launch a Dating Service

Facebook, the world's leading social networking site, is set to launch a dating service in what is seen as a bid to challenge other popular dating apps such as Tinder. The firm will unveil features within its app to e…

May 7, 2018
US Withdraws Sh200 Million Aid from a Kenyan Clinic for Defying Trump's Policy on Abortion
Business

US Withdraws Sh200 Million Aid from a Kenyan Clinic for Defying Trump's Policy on Abortion

The United States has cut Sh200 million aid to a Kenyan family planning clinic, Family Health Options Kenya (FHOK), for defying President Trump's policy on abortion, Washington-based National Public Radio (NPR) report…

May 3, 2018
Gov't Announces 100 Per Cent Waiver on HELB Penalties
Business

Gov't Announces 100 Per Cent Waiver on HELB Penalties

The Ministry of Education has announced a 100 per cent waiver on Higher Education Loans Board (HELB) penalties. Speaking during HELB employers' forum in Nairobi on Thursday, Education Cabinet Secretary Amina Mohamed s…

May 3, 2018
Microsoft's First-Ever Software Testing Center in Africa Opened in Nairobi
Business

Microsoft's First-Ever Software Testing Center in Africa Opened in Nairobi

US-based technology company Microsoft has opened a software testing centre in Nairobi, the first in the African continent. Microsoft launched the Nairobi center through a partnership with Techno Brain, a Kenyan Inform…

May 3, 2018
Meet John Ngumi, Kenya's Top Multi-Billion Deal Maker
Business

Meet John Ngumi, Kenya's Top Multi-Billion Deal Maker

There are many Kenyans who are famous for their prowess in striking business deals, but little is known about John Ngumi, a seasoned investment banker behind deals worth billions of shillings. Ngumi, who is currently…

May 1, 2018
President Uhuru Kenyatta Announces 5 Percent of Minimum Wage Increase
Business

President Uhuru Kenyatta Announces 5 Percent of Minimum Wage Increase

President Uhuru Kenyatta has announced a five per cent rise in the minimum wage to cushion workers against inflation. “In recognition of the good work done by our workers and cognizant of the 4.8 per cent rate of infl…

May 1, 2018
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