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Business

Facebook Deepens User Data Mining in Kenya
Business

Facebook Deepens User Data Mining in Kenya

It has now emerged that Facebook is collecting additional citizen data beyond its users using the Wi-Fi Express program the company unveiled last year in Kenya, Tanzania, Nigeria, India, and Indonesia, the Business Da…

Apr 10, 2018
Safaricom Signs Deal Allowing Direct Mpesa-PayPal Cash Transactions
Business

Safaricom Signs Deal Allowing Direct Mpesa-PayPal Cash Transactions

Safaricom has signed a deal with global online cash transfer platform PayPal. The partnership paves the way for direct transfer of funds between M-Pesa and PayPal accounts. Users in Kenya will be able to link their Pa…

Apr 9, 2018
Gov't Puts Ekeza Sacco Under Liquidation
Business

Gov't Puts Ekeza Sacco Under Liquidation

In a bid to save thousands of Kenyans from losing billions of money invested in Ekeza Sacco, the government has taken over the Cooperative Society. The government said the Sacco will be liquidated and the cash returne…

Apr 9, 2018
Africa’s Richest Billionaire Aliko Dangote Says Corruption Stopped Him from Investing Sh100 Billion in Kenya
Business

Africa’s Richest Billionaire Aliko Dangote Says Corruption Stopped Him from Investing Sh100 Billion in Kenya

Africa’s richest man Aliko Dangote has revealed why he decided to abandon plans to expand his vast business empire to Kenya. The Nigerian, who spoke to renowned Kenyan media personality Jeff Koinange, said that some i…

Apr 7, 2018
Gov't to Deploy 50 Additional NYS Buses to Ferry Nairobi Commuters During Rush Hours
Business

Gov't to Deploy 50 Additional NYS Buses to Ferry Nairobi Commuters During Rush Hours

The government has announced it will deploy more National Youth Service (NYS) buses in the ongoing public transport plan to ease traffic in Nairobi. NYS Director Richard Ndumbai has said 50 additional buses will be ro…

Apr 6, 2018
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Stima Sacco Announces 14 Percent Dividend Payout, 12 Percent Rebate after Growth in Profits
Business

Stima Sacco Announces 14 Percent Dividend Payout, 12 Percent Rebate after Growth in Profits

Members of the Stima Sacco are set to receive a 14 per cent dividend and a 12 per cent rebate on their shareholder contributions. The total payout totals Sh1.98 billion in 2017, an increase from Sh1.16 billion in the…

Apr 5, 2018
Kenyan Businessman Charged with Tax Evasion Amounting to Sh15 Billion
Business

Kenyan Businessman Charged with Tax Evasion Amounting to Sh15 Billion

Businessman Keval Kumar was on Thursday arraigned before Makadara Chief Magistrates Court where he was charged for evading tax totaling to Sh15 billion. Kumar is alleged to have defrauded or aided in defrauding Sh2,45…

Apr 5, 2018
Ban on Charcoal Spoiling the Party for Nyama Choma Lovers in Kenya
Business

Ban on Charcoal Spoiling the Party for Nyama Choma Lovers in Kenya

Kenyan traders have began to feel the pinch following the recent announcement of one month ban on charcoal burning by the government. Businesses that have been affected most are meat roasting joints in Nairobi and sur…

Apr 5, 2018
Nairobi Residents Loot Sh200 Million of Nakumatt's Stock after Dramatic Eviction
Business

Nairobi Residents Loot Sh200 Million of Nakumatt's Stock after Dramatic Eviction

Struggling Kenyan retail chain Nakumatt is counting losses of up to Sh200 million after its stock was looted by residents following a controversial eviction from one of its outlets in Nairobi. Auctioneers led by the N…

Apr 2, 2018
Sonko's Administration Nets a One-Day Record Sh120 Million in Revenue on Thursday
Business

Sonko's Administration Nets a One-Day Record Sh120 Million in Revenue on Thursday

The Nairobi County Government on Thursday  netted a record daily revenue of Sh120 million through the online Jambo Pay system. Governor Mike Sonko said his administration has set a target of collecting Sh1.6 billion i…

Mar 30, 2018
Russian Who Swindled Millions of Shillings from Kenyans Passes Away
Business

Russian Who Swindled Millions of Shillings from Kenyans Passes Away

Sergey Mavrodi, a convicted Russian fraudster who operated a web-based pyramid scheme that swindled millions of shillings from Kenyans has passed away in Moscow. Mavrodi reportedly succumbed to a heart attack in the R…

Mar 29, 2018
Kenya Airways to Launch a Special Economy Class for its Customers
Business

Kenya Airways to Launch a Special Economy Class for its Customers

Kenya Airways (KQ) has revealed plans of launching a special Economy class for clients flying on its flights. The airline said the special category will be more spacious and comfortable compared to the ordinary Econom…

Mar 26, 2018
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Safaricom Announces Disruption of Key Services Including International Calls
Business

Safaricom Announces Disruption of Key Services Including International Calls

Kenya's giant mobile service provider Safaricom has announced a major disruption of its key services to pave way for system maintenance. The system upgrade will see some of its crucial services including; airtime top…

Mar 26, 2018
10 Richest, 10 Poorest Counties in Kenya
Business

10 Richest, 10 Poorest Counties in Kenya

A new report released by the Kenya National Bureau of Statistics (KNBS) has ranked the richest and poorest counties in Kenya. In the report, Nairobi has been ranked as the county with the lowest share of poor populati…

Mar 24, 2018
Governor Mike Sonko in Fresh Bid to Ban Matatus from Nairobi CBD
Business

Governor Mike Sonko in Fresh Bid to Ban Matatus from Nairobi CBD

The Nairobi County Government is set to launch a fresh bid to ban public service vehicles (PSVs) from entering the central business district. This is one of the means that Governor Mike Sonko's administration plans to…

Mar 24, 2018
Kenya Airways Recalls Leased Dreamliner Aircraft to be Used for Maiden US Nonstop Flights
Business

Kenya Airways Recalls Leased Dreamliner Aircraft to be Used for Maiden US Nonstop Flights

Kenya Airways (KQ) continues to make preparations for the launch of the much anticipated direct flights to the United States. In its latest move, the airline has recalled two Dreamliner planes that had been leased out…

Mar 24, 2018
Retired President Mwai Kibaki Regains Control of Multi-Million Shilling Company
Business

Retired President Mwai Kibaki Regains Control of Multi-Million Shilling Company

Retired President Mwai Kibaki has regained the control of a multi-million shilling company established in the 1970s. Kibaki and seven other directors had been stripped off the powers to manage Mathingira Wholesalers C…

Mar 22, 2018
Uber Seeks Government License to Test Flying Taxis in Kenya
Business

Uber Seeks Government License to Test Flying Taxis in Kenya

US-based technology firms Facebook and Uber are seeking to test drone activities in Kenya following government move to legalize the use of Unmanned Aerial Vehicles (UAVs). The two companies have written to the Kenya C…

Mar 21, 2018
Kenya Airways Registers Sh6.1 Billion Loss
Business

Kenya Airways Registers Sh6.1 Billion Loss

Kenya Airways has announced a Sh6.1 billion net loss for the nine month period running to December 2017, even as it continues to restructure its operations. The airline's Chief Executive Officer Sebastian Mikosz blame…

Mar 21, 2018
US Firm Lobbies for Sh300 Billion Nairobi-Mombasa Expressway Contract
Business

US Firm Lobbies for Sh300 Billion Nairobi-Mombasa Expressway Contract

US construction company Bechtel is eyeing Sh300 billion contract to build an expressway between Nairobi and Mombasa. Bechtel has told the National Treasury that the superhighway, whose construction is expected to star…

Mar 20, 2018
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