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Business

Residents Loot Stock as Nakumatt is Evicted from Mall
Business

Residents Loot Stock as Nakumatt is Evicted from Mall

It was double woes for struggling retail chain Nakumatt after residents looted its stock following its eviction from Nanyuki Mall on Tuesday. Police were forced to shoot in the air to scatter a crowd of area residents…

Jan 3, 2018
Inaugural SGR Cargo Train Ferries 104 Containers from Mombasa to Nairobi
Business

Inaugural SGR Cargo Train Ferries 104 Containers from Mombasa to Nairobi

A maiden Standard Gauge Railway (SGR) cargo train on Monday evening arrived at the ultra-modern inland container depot in Nairobi carrying 104 containers. President Kenyatta said the SGR cargo service will significant…

Jan 2, 2018
Government to Issue PSV Drivers with Smart Driving Licences
Business

Government to Issue PSV Drivers with Smart Driving Licences

The government through Ministry of Transport has announced it will start issuing digital driving licences to public service vehicles (PSV) drivers in a bid to curb the increased road carnage that has claimed more than…

Jan 1, 2018
US Travel Magazine Names Kenya's Angama Mara as World's Best Safari Lodge
Business

US Travel Magazine Names Kenya's Angama Mara as World's Best Safari Lodge

Kenya’s Angama Mara has been named as the world’s best safari lodge for year 2017 by a United States travel Magazine. Jetsetter, a magazine linked to the TripAdvisor travel portal, placed Angama Mara at the top of its…

Dec 28, 2017
Government to Halt Provision of Sh90 Subsidized Unga at the End of December
Business

Government to Halt Provision of Sh90 Subsidized Unga at the End of December

The maize flour subsidy program is set to halt an the end of this month, with the government upbeat that maize imports as well as harvest from this year’s season will maintain the price of unga at current rates. Agric…

Dec 21, 2017
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50 People Extradited Back to China from Kenya Jailed for Up to 15 Years
Business

50 People Extradited Back to China from Kenya Jailed for Up to 15 Years

50 people, including 22 from self-ruled Taiwan extradited back to China from Kenya over telecoms fraud were on Thursday sentenced for up to 15 years by a Beijing court. However, Taiwanese government has castigated Chi…

Dec 21, 2017
Canadian Immigration Minister Pays a Courtesy on President Uhuru, Pledges to Strengthen Ties with Kenya
Business

Canadian Immigration Minister Pays a Courtesy on President Uhuru, Pledges to Strengthen Ties with Kenya

President Kenyatta has on Wednesday held discussions with Canadian Immigration, Refugees and Citizenship Minister Ahmed Hussen, who paid him a courtesy call at his Harambee House office in Nairobi. During the talks, H…

Dec 20, 2017
McDonald's Says its Not Opening Outlet in Nairobi
Business

McDonald's Says its Not Opening Outlet in Nairobi

World's leading fast-food chain, McDonald’s has refuted reports that there were plans to open its first outlet in the Kenyan capital, Nairobi. Earlier reports said that the US-based chain was planning to open a restau…

Dec 20, 2017
President Uhuru's Kin Loses Ownership of Sh3 Billion Shilling 443-Acre Land
Business

President Uhuru's Kin Loses Ownership of Sh3 Billion Shilling 443-Acre Land

President Kenyatta’s cousin Ngengi Muigai has lost the ownership of 443 acres of land estimated to be worth more than Sh3 billion. This is after he lost an appeal seeking to bar Kenya Commercial Bank (KCB) from auctio…

Dec 17, 2017
Kenyans to Export Products to American Market in New US-Kenya Deal
Business

Kenyans to Export Products to American Market in New US-Kenya Deal

Kenya has inked a deal with the United States that will allow more than 2,0000 small businesses in counties of Nairobi, Mombasa and Vihiga sell their products to the expansive American market by December 2018. A Memor…

Dec 17, 2017
Mike Sonko Riding On My Projects, Former Nairobi Governor Evans Kidero Says
Business

Mike Sonko Riding On My Projects, Former Nairobi Governor Evans Kidero Says

Former Nairobi County Governor Dr. Evans Kidero has accused his successor Mike Sonko of taking credit for projects he initiated before leaving office. Kidero claims that Governor Sonko is taking credit for programmes…

Dec 17, 2017
Kenya Scoops World's Leading Safari Destination Award
Business

Kenya Scoops World's Leading Safari Destination Award

Kenya has been named the world’s leading safari destination by the World Travel Awards for the fourth time, after scooping the same prize in 2013, 2015 and 2016. Kenya garnered the highest votes to scoop the coveted a…

Dec 13, 2017
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20 Feared Dead in a Multiple Car Accident at Sachangwan Blackspot in Nakuru
Business

20 Feared Dead in a Multiple Car Accident at Sachangwan Blackspot in Nakuru

At least 20 people are feared dead following a multiple-vehicle crash on Tuesday afternoon at the dreaded Sachangwan area along Nakuru-Eldoret highway. Eye witnesses said that a truck driver headed to Nakuru was being…

Dec 12, 2017
McDonald's to Open it's First Restaurant in Nairobi
Business

McDonald's to Open it's First Restaurant in Nairobi

US giant fast food restaurant chain McDonald’s is set to enter the Kenyan market as it continues to extend its wings across the world. The restaurant will be launching its first store in the country in the next six mo…

Dec 11, 2017
Safaricom Speaks about CEO Bob Collymore's Exit
Business

Safaricom Speaks about CEO Bob Collymore's Exit

Safaricom has refuted claims that its ailing Chief Executive Office Bob Collymore has been fired. Speaking to press, Safaricom Foundation Chairman Joseph Ogutu dismissed the claims, noting that Collymore has been in t…

Dec 10, 2017
I Would Like to Die in Kenya, Former Safaricom CEO Michael Joseph Says
Business

I Would Like to Die in Kenya, Former Safaricom CEO Michael Joseph Says

Former Safaricom CEO Michael Joseph says he would love to die in Kenya. Joseph, who headed Safaricom before handing over to his successor Bob Collymore has disclosed intricate information of his personal and professio…

Nov 29, 2017
Detectives Seize Part of Sh50 Million Stolen from Thika's KCB Bank Through Underground Tunnel
Business

Detectives Seize Part of Sh50 Million Stolen from Thika's KCB Bank Through Underground Tunnel

Police detectives have recovered Sh17 million out of the Sh50 million stolen from a Kenya Commercial Bank branch in Thika last week after robbers dug an underground tunnel to reach the bank's strong-room. The recovery…

Nov 27, 2017
US Now Trails South Africa in Exports to Kenya
Business

US Now Trails South Africa in Exports to Kenya

South Africa's exports to Kenya in the first eight months of 2017 hit Sh42.7 billion, an increase of Sh11 billion over the same period the previous year. The 34 percent increase means that the continent's most industr…

Nov 25, 2017
Kenya to Roll-Out New Generation Currency By May 2018
Business

Kenya to Roll-Out New Generation Currency By May 2018

The Central Bank of Kenya (CBK) has confirmed that new generation currency notes will be rolled out before the end of May, 2018. Addressing the press on Friday, CBK governor Patrick Njoroge said: “We are moving ahead…

Nov 25, 2017
Safaricom Share Price Jumps to a New Record High
Business

Safaricom Share Price Jumps to a New Record High

Safaricom share price hit a new record high on Wednesday, after it jumped 5.6 per cent to Sh28.25 per share. The rapid increase was prompted by the return of foreign investors to the Nairobi Securities Exchange (NSE)…

Nov 22, 2017
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