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Business

Kenya Abandons Plans to Electrify Standard Gauge Railway
Business

Kenya Abandons Plans to Electrify Standard Gauge Railway

Kenya has dropped an earlier plan to electrify the newly constructed Standard Gauge Railway (SGR) line between Mombasa and Nairobi due to its high cost and the country's irregular power supply. In a statement, Kenya R…

Jan 26, 2018
President Uhuru's Cousin Loses 25-Year Court Tussle for Sh3 Billion Coffee Estate
Business

President Uhuru's Cousin Loses 25-Year Court Tussle for Sh3 Billion Coffee Estate

President Kenyatta's cousin, Ngengi Muigai has lost a 25-year court tussle for a 443-acre coffee estate in Kiambu county auctioned by Kenya Commercial Bank (KCB) about 10 years ago. The businessman was dealt a blow on…

Jan 25, 2018
Two Passenger Airlines Grounded at JKIA for Engaging in Illegal Operations
Business

Two Passenger Airlines Grounded at JKIA for Engaging in Illegal Operations

Authorities at Jomo Kenyatta International Airport (JKIA) on Thursday grounded two passenger airlines for reportedly engaging in illegal activities. Speaking at JKIA on Thursday, Transport Cabinet Secretary James Mach…

Jan 25, 2018
Kenya Revenue Authority Hunts for Tax Defaulters, to Fine them Sh20,000
Business

Kenya Revenue Authority Hunts for Tax Defaulters, to Fine them Sh20,000

The Kenya Revenue Authority (KRA) plans to launch an operation targeting workers and businessmen who have declined to file tax returns, with culprits facing a Sh20,000 fine. Treasury said the tax collector will hunt f…

Jan 24, 2018
How Two Maize Importer Families Pocketed Billions from Hungry Kenyans
Business

How Two Maize Importer Families Pocketed Billions from Hungry Kenyans

It has now emerged two families were the largest beneficiaries of the government subsidy on maize launched in mid 2017 following a shortage of the commodity that left Kenyans in 'hunger'. The Standard reports that two…

Jan 21, 2018
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Kenyans to Start Sending, Receiving Money Across All Mobile Networks in Real Time
Business

Kenyans to Start Sending, Receiving Money Across All Mobile Networks in Real Time

Kenyans could soon be able to send or receive money across networks in real time. The Information Communication and Technology Ministry has said that mobile money operators Safaricom and Airtel will from next week lau…

Jan 20, 2018
Hackers Steal Sh29 Million from National Bank of Kenya
Business

Hackers Steal Sh29 Million from National Bank of Kenya

National Bank of Kenya (NBK) has confirmed that fraudsters made away with Sh29 million in a suspected a hacking incident on Wednesday. In a statement to the media, the banking institution confirmed its systems had bee…

Jan 20, 2018
Hundreds of Kenyans in Agony after British Company they Invested in Goes 'Missing'
Business

Hundreds of Kenyans in Agony after British Company they Invested in Goes 'Missing'

Hundreds of Kenyans who invested their money in a United Kingdom firm are now living in fear after the company allegedly went 'missing.' The investors, who purchased shares of Atlas African Industries said they are un…

Jan 17, 2018
Kenya Airways Targets US Government-Funded Travelers after Deal with Delta Airlines
Business

Kenya Airways Targets US Government-Funded Travelers after Deal with Delta Airlines

Kenya Airways hopes it will woo United States government-funded travelers once it signs a code-sharing deal with American carrier Delta Airlines. Last week, Kenya Airways started selling advance tickets for its maiden…

Jan 16, 2018
Central Bank of Kenya Governor Patrick Njoroge Named Best Banker in Africa
Business

Central Bank of Kenya Governor Patrick Njoroge Named Best Banker in Africa

The Financial Times Group has awarded Central Bank of Kenya (CBK) Governor Patrick Njoroge with the Central Banker of the Year Award in Africa. The African Financial magazine said the accolade was given to Njoroge in…

Jan 16, 2018
Kenya Airways' Market Value Increases By Sh10 Billion after News of Direct Flights to the US
Business

Kenya Airways' Market Value Increases By Sh10 Billion after News of Direct Flights to the US

Following news that Kenya Airways will begin its direct flights plan to the United States in October, the national carrier's stock increased by Sh9.7 billion, an 11 percent rise to Sh98.3 billion. On Thursday, the air…

Jan 15, 2018
Nakumatt CEO Atul Shah Opens Up on Why the Retail Chain 'Collapsed'
Business

Nakumatt CEO Atul Shah Opens Up on Why the Retail Chain 'Collapsed'

Nakumatt Chief Executive Officer(Ceo), Atul Shah has opened up on why the giant retail chain has experienced tough economic times over the last several months. Speaking to Business Daily, Shah linked Nakumatt's econom…

Jan 15, 2018
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US Direct Flights Plan to Create 150 Jobs at Kenya Airways
Business

US Direct Flights Plan to Create 150 Jobs at Kenya Airways

Kenya Airways says its direct flights plan to the United States will see more than 150 new jobs created in additional to other economic benefits. The airline on Thursday began selling advance tickets to passengers for…

Jan 12, 2018
US Travel Magazine Ranks Nairobi as Third Best World Destination for 2018
Business

US Travel Magazine Ranks Nairobi as Third Best World Destination for 2018

A United States travel and restaurant magazine, Trip advisor has ranked Kenyan capital city, Nairobi among top 10 world destinations for 2018. Popularly referred to as the green city in the sun, the Kenyan capital was…

Jan 12, 2018
Four Night Clubs in Nairobi – Kiza, Space, B-Club & Jiweke - Closed Down by Nema Over Noise Pollution
Business

Four Night Clubs in Nairobi – Kiza, Space, B-Club & Jiweke - Closed Down by Nema Over Noise Pollution

Four nights clubs located in Nairobi have been closed down by the National Environmental Management Authority (Nema) over noise pollution. The four -Kiza Lounge, Space Lounge Bar and Grill, Jiweke Tavern and B-Club -…

Jan 11, 2018
Kenya Airways Announces Ticket Prices for its Direct Flight to the US
Business

Kenya Airways Announces Ticket Prices for its Direct Flight to the US

Kenya Airways has from Thursday (today) began selling advance tickets for its inaugural direct flight to the United States slated for October 28th. The airline's Chief Executive Officer Sebastian Mikosz on Thursday an…

Jan 11, 2018
Kenya Airways Begins Selling Advance Tickets for its Maiden Direct Flight to the US
Business

Kenya Airways Begins Selling Advance Tickets for its Maiden Direct Flight to the US

Kenya Airways (KQ) will from Thursday start selling advance tickets for the airline's inaugural direct flight to the United States. KQ has confirmed that daily direct flights between Nairobi and New York will commence…

Jan 10, 2018
Maize Flour Prices Shoot Up as Government Subsidy Ends
Business

Maize Flour Prices Shoot Up as Government Subsidy Ends

The price of maize flour has increased to an average of Sh115 for a two kilogramme packet following the end of subsidy introduced by government mid last year. Major supermarkets in the country including Naivas, Uchumi…

Jan 8, 2018
US Pledges More Funds to Support Devolution in Kenya
Business

US Pledges More Funds to Support Devolution in Kenya

The United States has pledged more funds to support devolution in Kenya. Speaking when he met Senate Speaker Ken Lusaka and leader of Majority Kipchumba Murkomen at Parliament buildings on Thursday, Ambassador Robert…

Jan 5, 2018
Agency Drops Plans to Split M-Pesa from Safaricom
Business

Agency Drops Plans to Split M-Pesa from Safaricom

The decision by Communications Authority (CA) to drop an earlier controversial proposal to split Safaricom from its mobile money service, M-pesa has been met with opposition. Safaricom's rival Airtel, which is the cou…

Jan 4, 2018
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