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Business

Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plastics Ban
Business

Company Sues Gov't Over Sh2 Billion Loss it Incurred After Plastics Ban

A plastic bags manufacturer has taken the government to court seeking Sh2 billion as compensation for losses it incurred following last year's ban on plastic carrier bags. In the affidavits filed in court, Hi-Plast Li…

Mar 1, 2018
Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi's Traffic Congestion
Business

Kenya to Have Colombia-Like Bus Rapid Transit System to End Nairobi's Traffic Congestion

Kenya plans to employ a model similar to Colombia’s bus rapid transit in Bogota to end Nairobi's traffic jam menace. This will see special lanes for high-capacity buses constructed in latest efforts to decongest roads…

Feb 27, 2018
Kenya Bets On US Direct Flights Plan to Boost Tourism
Business

Kenya Bets On US Direct Flights Plan to Boost Tourism

Kenya has expressed optimism that the United States direct flights plan will boost the country's tourism industry. Kenya Airways (KQ) is set to fly its maiden direct flight to the US on October 28th, effectively cutti…

Feb 25, 2018
CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million Defaulted Loan
Business

CBK Sells Cyrus Jirongo's 103-Acre Farm to Recover Sh495 Million Defaulted Loan

The Central Bank of Kenya (CBK) has sold 103-acre land belonging to former presidential aspirant Cyrus Jirongo for Sh53 million in an attempt to recover a loan he owes collapsed Dubai Bank. At the time of its collapse…

Feb 24, 2018
Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion School in Nairobi's Runda Estate
Business

Billionaire Businessman Chris Kirubi's Firm to Build Sh2 Billion School in Nairobi's Runda Estate

A firm associated with Kenyan billionaire business mogul Chris Kirubi is planning to build a 'super' school in Nairobi's Runda estate at a cost of Sh2 billion. Investment company Centum Ltd has signed a deal with Beir…

Feb 24, 2018
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Kenyan Drivers to Be Issued With Smart Driving Licences Starting in April
Business

Kenyan Drivers to Be Issued With Smart Driving Licences Starting in April

The National Transport and Safety Authority (NTSA) has announced that it will begin issuing drivers' with the much awaited Smart Driving Licenses in April this year. The digital licenses are set to have an electronic…

Feb 23, 2018
US Fast-Food Chain Hardee's to Open New Restaurant in Kenya
Business

US Fast-Food Chain Hardee's to Open New Restaurant in Kenya

United States fast-food restaurant Hardee’s will in March open its third branch in Kenya. The new outlet will be located at Two Rivers Mall; its launch coming only a month after it unveiled its second outlet in the co…

Feb 22, 2018
Nairobi's Burma Market Closed Down Indefinitely by NEMA
Business

Nairobi's Burma Market Closed Down Indefinitely by NEMA

Traders at Nairobi's Burma market will have to bear the brunt of government's crackdown on use of plastic bags after the National Environment Management Authority (Nema) ordered for its shutdown. The environment watch…

Feb 22, 2018
Google Approves Use of M-Pesa to Purchase Apps on Play Store
Business

Google Approves Use of M-Pesa to Purchase Apps on Play Store

Kenyans will now be able to purchase apps from the play store using M-Pesa after Google approved the use of the mobile money platform to make payments. The payment option, which was approved on Monday, makes Google Pl…

Feb 22, 2018
Kenya Secures Sh203 Billion in New Eurobond Issue
Business

Kenya Secures Sh203 Billion in New Eurobond Issue

The National Treasury has announced that Kenya has secured $2 billion (Sh203billion) in a new Eurobond issue. Treasury Cabinet Secretary Henry Rotich in a statement on Thursday said the issue was oversubscribed seven…

Feb 22, 2018
CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land Over Sh495 Million Debt
Business

CBK to Auction Former Presidential Aspirant Cyrus Jirongo's Land Over Sh495 Million Debt

The Central Bank of Kenya (CBK) has put a farm belonging to former Presidential aspirant Cyrus Jirongo on sale over Sh495 million debt owed to Dubai Bank. CBK said it will auction the former Lugari MP's property in a…

Feb 21, 2018
Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets From the US
Business

Kenya Risks Losing Deal to Acquire Sh43 Billion Military Fighter Jets From the US

The plan by Kenya to purchase Sh43 billion military aircraft from the United States hangs in the balance after government failed to reach a binding agreement with the vendors within the set time frame. The US Governme…

Feb 14, 2018
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US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Expressway
Business

US Firm to Begin Construction Work on Sh230 Billion Nairobi-Mombasa Expressway

American firm Bechtel International is set to begin construction work on Nairobi-Mombasa Expressway at the end of this year. Kenya National Highway Authority (KeNHA) Communication director Charles Njogu on Thursday sa…

Feb 8, 2018
Kenyans to Ride on Electric Trains by 2020 in New Deal
Business

Kenyans to Ride on Electric Trains by 2020 in New Deal

Kenyans could find themselves riding on an electric train from Nairobi to Mombasa in two years time. This follows a deal signed between Kenya Electricity Transmission Company (KETRACO) and China Electric Power Equipme…

Feb 6, 2018
Kenya Fails to Lift US Trade in AGOA Program
Business

Kenya Fails to Lift US Trade in AGOA Program

Kenya has been forced to rethink its strategies after its attempt to promote the duty-free export of coffee, tea, cut flowers, food ingredients and home décor in the last six years failed to deliver desired results of…

Feb 5, 2018
Nairobi Governor Sonko Collects Sh1.63 Billion in Revenue in January
Business

Nairobi Governor Sonko Collects Sh1.63 Billion in Revenue in January

The Nairobi county government collected Sh1.63 billion in taxes in the month of January, Governor Mike Sonko has revealed. In documents he shared on the internet, the Governor indicated that revenue collection at the…

Feb 3, 2018
SGR Train Ticket Prices for Economy Class Between Nairobi and Mombasa to Rise to Sh1,200
Business

SGR Train Ticket Prices for Economy Class Between Nairobi and Mombasa to Rise to Sh1,200

Ticket prices for standard gauge railway's Madaraka Express train trip between Nairobi and Mombasa are set to be revised upwards in the next two months. This means that the promotional Sh700 fare that Kenyans have bee…

Feb 2, 2018
Ban on Shisha, Closure of Nightclubs Hurting Kenya's Economy, Tourism CS Najib Balala Says
Business

Ban on Shisha, Closure of Nightclubs Hurting Kenya's Economy, Tourism CS Najib Balala Says

Tourism Cabinet Secretary Najib Balala has faulted the banning of shisha and the closure of nightclubs by the government, saying that the move will hurt the economy of the country. Balala said the ban of shisha impose…

Jan 30, 2018
Kenya to Conduct Eurobond Roadshow in the US, Britain
Business

Kenya to Conduct Eurobond Roadshow in the US, Britain

Kenya says it plans to launch an investor roadshow in mid next month in a bid to promote a planned Eurobond issue. Speaking on the sidelines of the World Economic Forum in Davos, Switzerland on Friday, Central Bank of…

Jan 26, 2018
Government's New Plan to Transform JKIA ahead of US Direct Flights Plan
Business

Government's New Plan to Transform JKIA ahead of US Direct Flights Plan

The government has embarked on a plan to transform Jomo Kenyatta International Airport (JKIA) into a world-class facility as Kenya Airways prepares to fly its maiden direct flight to the United States later this year…

Jan 26, 2018
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