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Business

Kenya Tourism Board Officials Conduct Roadshow in US, Canada to Sell Kenya as a Tourist Destination
Business

Kenya Tourism Board Officials Conduct Roadshow in US, Canada to Sell Kenya as a Tourist Destination

Kenya Tourism Board (KTB) officials have conducted a series of visits to different cities in the United States and Canada in a bid to sell Kenya as a tourism hub. During the one-week tour to the two North American cou…

Mar 20, 2018
Gov't Increases SGR Passenger Train Fare Between Nairobi and Mombasa
Business

Gov't Increases SGR Passenger Train Fare Between Nairobi and Mombasa

Kenyans traveling between Nairobi and Mombasa using the Standard Gauge Railway (SGR) passenger train will pay Sh300 more beginning next month in revised charges. Passengers on the economy class will be charged Sh1,000…

Mar 20, 2018
Facebook Suspends Account of Data Mining Firm Linked to Uhuru, Trump Campaigns
Business

Facebook Suspends Account of Data Mining Firm Linked to Uhuru, Trump Campaigns

A social media account belonging to a data mining company associated with President Kenyatta and his US counterpart Donald Trump's presidential campaigns has been suspended by Facebook. In a statement on Friday, Faceb…

Mar 17, 2018
US Firm Launches First Laundromats in Kenya
Business

US Firm Launches First Laundromats in Kenya

A United States firm, Alliance Laundry Systems has launched the first-ever laundromats in Kenya. The commercial laundry company is targeting entrepreneurs from urban centres in Kenya and will give them a full laundrom…

Mar 16, 2018
Coca-Cola Admits its Dasani Bottled Water Brand Contain Traces of Micro-Plastics
Business

Coca-Cola Admits its Dasani Bottled Water Brand Contain Traces of Micro-Plastics

Global soft drinks manufacturer Coca-Cola has admitted that one of their brands, Dasani water is contaminated with micro-plastics. The giant firm's admission comes a day after the release of a study showing that Dasan…

Mar 16, 2018
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Mombasa-Based Firm Builds East Africa's First Modern Sh10 Million Boat
Business

Mombasa-Based Firm Builds East Africa's First Modern Sh10 Million Boat

A Kenyan-based firm has manufactured a modern boat, the first one of its kind to be made in the East African region. The locally manufactured vessel was assembled by Mombasa-based Associated Vehicle Assemblers (AVA)…

Mar 15, 2018
Missing Sh21 Billion Places Former Nairobi Governor Evans Kidero on the Spot
Business

Missing Sh21 Billion Places Former Nairobi Governor Evans Kidero on the Spot

An audit report by KPMG has put former Nairobi Governor Evans Kidero on the spot over missing Sh21 billion. The report indicates that Sh21.89 billion was not accounted for in the handover report by Kidero when current…

Mar 12, 2018
Kenya Dismisses US Alarm over Unsustainable Chinese Loans
Business

Kenya Dismisses US Alarm over Unsustainable Chinese Loans

Kenya has reacted to concerns by the United States that Chinese loans were pushing African countries, including Kenya into unsustainable debt, that has weakened their ability to generate employment opportunities for j…

Mar 9, 2018
180 Kenyans Turned into Dollar Millionaires in 2017
Business

180 Kenyans Turned into Dollar Millionaires in 2017

180 Kenyans defied last year's sluggish economy to enter the exclusive club of dollar millionaires. This effectively increased the number of individuals with a net-worth of more than Sh500 million to 1,290. A new repo…

Mar 9, 2018
Hard Times for Kenyans as Gov't Seeks to End Access to Cheap Loans
Business

Hard Times for Kenyans as Gov't Seeks to End Access to Cheap Loans

Kenyans could soon pay higher interest rates for loans taken from commercial banks following new plans to reverse a law that capped the rates at 14 percent. This follows pressure on Kenya by the International Monetary…

Mar 9, 2018
Nairobi among World Cities Marked for Sh800-Per-Minute Flying Cars
Business

Nairobi among World Cities Marked for Sh800-Per-Minute Flying Cars

Nairobi has been identified as one of the cities where the ambitious flying cars plan will be launched. McFly.aero, the firm behind the ambitious project said plans are underway to set up the infrastructure for air ta…

Mar 8, 2018
10 Super Rich Kenyans Cumulatively Own More than Sh500 Billion - Report
Business

10 Super Rich Kenyans Cumulatively Own More than Sh500 Billion - Report

A new report that highlights the number of highly wealthy individuals in the country indicates that ten Kenyans are cumulatively worth more than Sh500 billion. The yearly wealth report released by Knight Frank and CFC…

Mar 8, 2018
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I Never Said Government was Broke, Treasury Cabinet Secretary Henry Rotich Says
Business

I Never Said Government was Broke, Treasury Cabinet Secretary Henry Rotich Says

National Treasury Cabinet Secretary Henry Rotich has clarified Wednesday reports that quoted him saying that the government was broke. Speaking on Thursday during the 'Girls Matter' event at the Kenyatta International…

Mar 8, 2018
Controversial Kenya Traffic Police Department Dissolved
Business

Controversial Kenya Traffic Police Department Dissolved

Inspector General of Police Joseph Boinnet has introduced major changes in the National Police Service (NPS) which will dissolve the controversial Traffic Police Department. In the new changes by Boinnet, the roles of…

Mar 8, 2018
Gov't Has Run Out of Cash, National Treasury Cabinet Secretary Henry Rotich Says
Business

Gov't Has Run Out of Cash, National Treasury Cabinet Secretary Henry Rotich Says

National Treasury Cabinet Secretary Henry Rotich has admitted that the government has run out of cash. Appearing before Senate Budgetary Committee on Wednesday, Rotich said the government has not been able to raise en…

Mar 7, 2018
JKIA Scoops Best Improved Airport Award
Business

JKIA Scoops Best Improved Airport Award

Jomo Kenyatta International Airport (JKIA) has been named as the the best improved airport in the Africa continent by the Airports Council International (ACI). The global Airports body said JKIA won the award followin…

Mar 7, 2018
Kenya Bans Importation of Meat from South Africa after Outbreak of Deadly Listeria Disease
Business

Kenya Bans Importation of Meat from South Africa after Outbreak of Deadly Listeria Disease

Kenya has banned the importation of meat from South African following the outbreak of a deadly bacterial disease Listeria linked to factories in the country. The ban, announced by the Kenya Public Health department fo…

Mar 6, 2018
Tussle for Sh500 Million Estate between Kisumu Governor Anyang' Nyong'o and His Nephews Drags On
Business

Tussle for Sh500 Million Estate between Kisumu Governor Anyang' Nyong'o and His Nephews Drags On

Kisumu governor Anyang' Nyong’o has picked a new fight with his nephews over the sharing of the multi-million property left behind by his late father. In a response to a case where two of his nephews sued him over the…

Mar 6, 2018
World Bank Pumps Billions into Kenyan Private Firms
Business

World Bank Pumps Billions into Kenyan Private Firms

International Finance Corporation (IFC), a private sector lending branch of World Bank has pumped Sh17.7 billion worth of investment in two Kenyan firms in the first two months of 2018. The move signals the increasing…

Mar 5, 2018
Troubled Nakumatt to Lay Off 800 Employees
Business

Troubled Nakumatt to Lay Off 800 Employees

More than 800 people are set to lose their jobs in the latest layoff plan by troubled Kenyan supermarket chain, Nakumatt. The retailer's court-appointed administrator, Peter Kahi, said the layoff is part of the rescue…

Mar 1, 2018
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