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Business

Farmers to Reap Big from Kenya-US Direct Flights
Business

Farmers to Reap Big from Kenya-US Direct Flights

Kenyan farmers are set to reap big from the Kenya-US direct flights after national carrier Kenya Airways edge closer to flying a maiden direct flight to the US. KQ received a boost in the bid to achieve the milestone…

Sep 13, 2017
Centum's James Mworia Sets New Record of Highest Paid Kenyan CEO with Sh31 Million Monthly Pay
Business

Centum's James Mworia Sets New Record of Highest Paid Kenyan CEO with Sh31 Million Monthly Pay

Centum Investment’s James Mworia has set a new record for highest paid Chief Executive Officer (CEO) in Kenya. A pay rise of 5.1 per cent has seen Mworia take home Sh375.6 million in the year ended March compared to S…

Sep 13, 2017
US Firm Ranks Kenya Top Country in Digital, Financial Inclusion
Business

US Firm Ranks Kenya Top Country in Digital, Financial Inclusion

For the third consecutive year, a US-based public institution survey has ranked Kenya the top country in financial and digital inclusion, thanks to the country's wide adoption of mobile money in the local economy. Bro…

Sep 12, 2017
Top US University Ranks Kenya in Elite List of Digital Economies
Business

Top US University Ranks Kenya in Elite List of Digital Economies

A new survey conducted in 60 developed and developing countries by a top US University has ranked Kenya the fourth-fastest growing digital economy in the world. In its Digital Planet 2017 report, Tufts University’s Fl…

Sep 11, 2017
Afreximbank Courts Kenya's High Net Worth Individuals with Sh31 Billion Shareholding Deal
Business

Afreximbank Courts Kenya's High Net Worth Individuals with Sh31 Billion Shareholding Deal

African Export and Import Bank (Afreximbank) is courting high-net worth individuals Nairobi to purchase into its Depository Receipts (DRs) with an attempt raise up to Sh30.97 billion by September 22nd. The trade finan…

Sep 7, 2017
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US Agency Gives Kenya's Sh43 Billion Arms Deal a Clean Bill of Health
Business

US Agency Gives Kenya's Sh43 Billion Arms Deal a Clean Bill of Health

A United States watchdog agency has given Kenya's pending $418 million (Sh 43 billion) purchase of combat aircraft, the biggest weapons deal in the US history, a clean bill of health, saying that it conforms with US l…

Sep 7, 2017
KRA De-Activates Thousands of Non-compliant PIN Numbers
Business

KRA De-Activates Thousands of Non-compliant PIN Numbers

Thousands of employees in both public and private sectors could miss out on their September salaries after Kenya Revenue Authority (KRA) deactivated their Personal Identification Numbers (PINs). Those who have been af…

Sep 7, 2017
Why Love for Quick Cash by Kenyans is Overshadowing Normal Investment
Business

Why Love for Quick Cash by Kenyans is Overshadowing Normal Investment

An investigative report by the Standard has exposed how love for quick money by Kenyans has overshadowed normal 'traditional' ways of acquiring wealth. A normal morning at the Nairobi city centre, Kenyans are rushing…

Sep 6, 2017
Anne Waiguru Inks Deal for Sh5 Billion Industrial Hubs in Kirinyaga
Business

Anne Waiguru Inks Deal for Sh5 Billion Industrial Hubs in Kirinyaga

Kirinyaga Governor Anne Waiguru has inked a deal with private partners that will see construction of 10 industrial hubs worth Sh5 billion for value addition of agricultural produce. In the deal, Kirinyaga county will…

Sep 6, 2017
Memo to Kenyans in Diaspora: KRA Gives Non-Compliant Taxpayers 30 Days to File Returns
Business

Memo to Kenyans in Diaspora: KRA Gives Non-Compliant Taxpayers 30 Days to File Returns

The Kenya Revenue Authority (KRA) has announced a 30-day grace period for taxpayers to update their tax status, failure to which they will face penalties. KRA had earlier threatened it would deactivate personal identi…

Sep 4, 2017
Safaricom Announces 15-Hour MPesa Outage
Business

Safaricom Announces 15-Hour MPesa Outage

Kenya's giant telecommunication firm Safaricom mobile money service M-Pesa will halt its services for the better part of next weekend when the company upgrades the system. The operator said it will be upgrading the sy…

Sep 4, 2017
Nairobi Securities Exchange Loses Sh50 Billion in 10 Minutes Following Supreme Court Ruling
Business

Nairobi Securities Exchange Loses Sh50 Billion in 10 Minutes Following Supreme Court Ruling

About Sh50 billion was lost in 10 minutes on Friday after trading at Nairobi Security Exchange (NSE) was halted following Supreme Court verdict that nullified President Uhuru Kenyatta’s victory. It is reported that th…

Sep 2, 2017
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Communications Authority Slaps Sh270 Million Fine on Safaricom over Poor Calls Service
Business

Communications Authority Slaps Sh270 Million Fine on Safaricom over Poor Calls Service

The Communications Authority (CA) has slapped three mobile service operators with a collective fine of Sh311.6 million for poor service. Tne authority said that Safaricom, Airtel and Telkom Kenya failed to meet the qu…

Aug 28, 2017
Memo to Kenyans in Diaspora: KRA to Deactivate Idle PINs on August 31st
Business

Memo to Kenyans in Diaspora: KRA to Deactivate Idle PINs on August 31st

The Kenya Revenue Authority has announced that it will deactivate all PIN accounts which are yet to be registered on its iTax system on August 31st. Million of Kenyans will likely lose their accounts, meaning they wil…

Aug 28, 2017
Facebook Cuts Down Charges on Kenya Wifi Hotspots by 35 Percent
Business

Facebook Cuts Down Charges on Kenya Wifi Hotspots by 35 Percent

US technology giant Facebook has cut down the charges on Internet services in Kenya by an average of 35 per cent, only six months after launch. The new move by the giant global firm steps up competition for major tele…

Aug 28, 2017
Safaricom Announces 4-Hour M-Pesa Outage
Business

Safaricom Announces 4-Hour M-Pesa Outage

Kenya's giant telecommunication firm Safaricom has notified its MPesa mobile money transfer service customers that it will switch off the service for four hours on Sunday. A statement from Safaricom Chief Executive Of…

Aug 26, 2017
US Energy Firm Enters Kenya in Solar Power Supply Deal
Business

US Energy Firm Enters Kenya in Solar Power Supply Deal

US firm CrossBoundary Energy has entered into a partnership with British-based Solarcentury to roll out a program that aims to install cheaper solar electricity systems in Kenya. The deal between the two firms will se…

Aug 24, 2017
Ousted One-Term MPs Set to Each Walk Away with Sh18.8 Million Pension Payoff
Business

Ousted One-Term MPs Set to Each Walk Away with Sh18.8 Million Pension Payoff

Kenyans are set to bear the a heavy burden of sh 18.8 million pension payoff for each of the 196 one-term MPs who were sent packing in the August 8th General Election. Cumulatively, the former MPs, who comprise of sen…

Aug 23, 2017
Facebook Switches on 600 Wi-Fi Hotspots in Kenyan Towns
Business

Facebook Switches on 600 Wi-Fi Hotspots in Kenyan Towns

Facebook has switched on its low-cost Internet in more than 600 hotspots across the country since the launch of the service in March, the US tech giant has disclosed. Surf Kenya, Facebook’s local partner, says it has…

Aug 22, 2017
US Trade Agency Contracts Kenyan Firm in Multi-Billion Electricity Plan
Business

US Trade Agency Contracts Kenyan Firm in Multi-Billion Electricity Plan

A Kenyan firm has been chosen by a United States trade agency to carry out a feasibility study on a US-funded multi-billion green energy project to develop five river-based hydroelectric power plants in Kenya. In a st…

Aug 18, 2017
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