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Business

Completion of Standard Gauge Railway Phase II in Limbo as Chinese Bank Cuts Sh32 Billion Funding
Business

Completion of Standard Gauge Railway Phase II in Limbo as Chinese Bank Cuts Sh32 Billion Funding

The completion of phase II of the Standard Gauge Railway now hangs in the balance after the financier, China Exim Bank cut the funding by Sh42 billion, citing the obstruction of the project by numerous court cases. Su…

Apr 30, 2018
Kenyan Delegation Markets Upcoming Nonstop Flights in the US
Business

Kenyan Delegation Markets Upcoming Nonstop Flights in the US

A delegation of Kenyan officials traveled to the United States to market Kenya as a tourist destination as well as the upcoming nonstop flights between Nairobi and New York. The team, led by Kenya Airways Chief Execut…

Apr 27, 2018
SGR Passenger Train Madaraka Express Nets Sh530 Million in Six Months
Business

SGR Passenger Train Madaraka Express Nets Sh530 Million in Six Months

The Standard Gauge Railway's commuter train, Madaraka Express netted Sh530 million from passenger travel in 2017, pushing Kenya Railways' net profit to Sh700 million.  This was up from the Sh134 million generated in 2…

Apr 27, 2018
Kenya's Best Paying Sectors Named
Business

Kenya's Best Paying Sectors Named

The Economic Survey 2018 has named financial services as the best paying sector in Kenya last year. The survey, which was released on Wednesday shows that employees in the water supply, sewerage and waste management e…

Apr 26, 2018
Kenyan Car Maker Mobius Receives Sh500 Million from US Gov't to Build Factory
Business

Kenyan Car Maker Mobius Receives Sh500 Million from US Gov't to Build Factory

The United States has issued a Sh500 million loan to Kenyan car manufacturer, Mobius to enable it build a new plant. Mobius said the loan by the US government’s development finance institution Overseas Private Investm…

Apr 26, 2018
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JKIA Set for a Key Security Audit by US Authorities in Nonstop Flights Plan
Business

JKIA Set for a Key Security Audit by US Authorities in Nonstop Flights Plan

United States airport authorities will next month carry out a security audit on Jomo Kenyatta International Airport (JKIA) in a scrutiny that will have a bearing on nonstop flights plan between Nairobi and New York. I…

Apr 25, 2018
Kenyan Tech Start-ups Selected for Google Training Program
Business

Kenyan Tech Start-ups Selected for Google Training Program

Two Kenyan technology startups Pezesha and Flex Pay have made it to the list of firms that will benefit from a program by global technology company Google. The two have been picked for Google Launchpad Accelerator Afr…

Apr 24, 2018
From Sh5 Fee to Assets Worth Billions: The Success Story of a Kericho-Based Sacco
Business

From Sh5 Fee to Assets Worth Billions: The Success Story of a Kericho-Based Sacco

Over the years, Imarisha Cooperative Savings & Credit Society Limited has grown to become one of the most successful Saccos in the country. The Kericho-based savings and credit society was started in 1978 under the na…

Apr 24, 2018
Nairobi's Famous Kiamaiko Slaughterhouse Shut Down By Environment Watchdog
Business

Nairobi's Famous Kiamaiko Slaughterhouse Shut Down By Environment Watchdog

Traders at the famous Kiamaiko slaughterhouse in Nairobi will have to bear the brunt after it were shutdown by the environment agency. On Monday, the National Environmental Management Agency (Nema) announced it had cl…

Apr 24, 2018
'Hustler' DP William Ruto Returns to Kambi Ya Kuku Where He Once Sold Chicken to Motorists, Launches Chicken Auction
Business

'Hustler' DP William Ruto Returns to Kambi Ya Kuku Where He Once Sold Chicken to Motorists, Launches Chicken Auction

Deputy President William Ruto on Saturday launched a chicken auction at Kamagut, Uasin Gishu county, the place where he spent his youthful years hawking chicken to motorists. Speaking at Kambi Kuku during the launch o…

Apr 21, 2018
President Uhuru Woos Investors in London
Business

President Uhuru Woos Investors in London

President Uhuru Kenyatta has promised to expedite the process of setting up of an arbitration centre in Nairobi in a bid to attract investors who lament of delays in the Judiciary. On the sidelines of the Commonwealth…

Apr 20, 2018
Nairobi Governor Mike Sonko Gets Sh15.8 Billion Lion's Share of County Cash
Business

Nairobi Governor Mike Sonko Gets Sh15.8 Billion Lion's Share of County Cash

Nairobi County has for a fifth year in a row received the lion's share of the Sh314 billion shareable revenue allocated to the 47 counties for the 2018/19 fiscal year. Nairobi has been allocated Sh15.8 billion, an inc…

Apr 19, 2018
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Nairobi Governor Mike Sonko to Fly Out 300 Hawkers, Boda-Boda Operators for a Bench-marking Tour Abroad
Business

Nairobi Governor Mike Sonko to Fly Out 300 Hawkers, Boda-Boda Operators for a Bench-marking Tour Abroad

The Nairobi County Government has announced plans to fly out 300 hawkers, boda boda and matatu operators to Rwanda for a bench marking tour on how to manage their operations in an orderly manner. Speaking to the press…

Apr 19, 2018
We've Learnt Our Lessons: President Uhuru Endorses Plans to End Cheap Loans for Kenyans
Business

We've Learnt Our Lessons: President Uhuru Endorses Plans to End Cheap Loans for Kenyans

Plans to review the interest rates cap law has received a backing from President Kenyatta, who admitted that the policy has failed to achieve its intention of increasing credit access to traders. Speaking at the Chath…

Apr 18, 2018
President Uhuru Rings the Bell to Open Shares Trading at London Stock Exchange
Business

President Uhuru Rings the Bell to Open Shares Trading at London Stock Exchange

President Uhuru was on Tuesday privileged to open trading at the London Stock Exchange by ringing the bell to mark the beginning of the day's business. Flanked by Cabinet Secretary for Industry, Trade and Cooperatives…

Apr 18, 2018
Best Companies to Work for in Kenya
Business

Best Companies to Work for in Kenya

Safaricom has been named as the best company to work for in Kenya in a new report compiled by recruitment firm Brighter Monday. In its report, Brighter Monday ranked the top 100 best companies to work for in the count…

Apr 13, 2018
Safaricom CEO Bob Collymore Eyes Return after Improved Health Status
Business

Safaricom CEO Bob Collymore Eyes Return after Improved Health Status

Safaricom Chief Executive Officer Bob Collymore has given an update about his health status. In a five-minute video uploaded to the mobile service provider's intranet, Collymore said he is responding positively to tre…

Apr 12, 2018
Court Rules that Muratina Isn't an Illicit Liquor
Business

Court Rules that Muratina Isn't an Illicit Liquor

The court has ruled that brewing and consuming muratina during traditional ceremonies is not illegal. In a ruling, Kikuyu Principal Magistrate D N Musyoka said that muratina is part of the Kikuyu traditional customs a…

Apr 12, 2018
Kenya Edges Closer to Direct Flights to the US
Business

Kenya Edges Closer to Direct Flights to the US

Kenya Airways (KQ) is edging closer to nonstop flights to the United States following recent inspection of facilities by American officials. Last month, officials from the US security department met Kenya Aviation Aut…

Apr 11, 2018
Outrage as Parking Fees at JKIA are Hiked
Business

Outrage as Parking Fees at JKIA are Hiked

Parking fees for motorists dropping and picking up travellers at the Jomo Kenyatta International Airport (JKIA) have been reviewed upwards, a move that has sparked outrage from Kenyans.  The airport, through its parki…

Apr 11, 2018
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