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Business

Sportpesa to Close Business in Kenya

Kenya’s giant gaming firm SportPesa says it will be shutting down its operations in Kenya and explore other markets following the government’s decision to impose a 35 percent tax on all gambling companies. The firm sa…

Jul 8, 2017

Business

Kenya's Little Known Billionaires

A recent publication of Kenya’s top taxpayers’ by the Kenya Revenue Authority’s (KRA) has unearthed more than 100 Kenyans who have joined the billionaires club in recent times, even as Kenya continue to grapple with t…

Jul 8, 2017

Business

US in Deal to Train, Hire over 2,000 Kenyans

A recent deal between United States Government and a Kenyan Firm will see more than 2,000 Kenyan youth trained and employed in the Kenyan textile industry. USAid East Africa Trade and Investment Hub (the Hub) and Gene…

Jul 8, 2017

Business

United States Grants Kenya Airways Air Traffic Rights

Kenya Airways (KQ) has made a major stride in its efforts to have direct flights to the United States, after being granted air traffic rights to the United States' airspace. Transport Cabinet Secretary James Macharia…

Jul 8, 2017

Business

Uber Spells Out Strict Guidelines for Kenyan Customers

Global taxi Service Company Uber has spelt out tough guidelines for its customers in Kenyan and the East African, with one risking losing their access to the services, if found breaching the rules. In a statement, the…

Jul 6, 2017

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Business

Barclays Bank Closes Down Seven Branches in Kenya

Barclays Bank Kenya has announced that it will be closing seven branches in the country as a continued plan to optimize its operations. The multinational financial institution said that five branches in Nairobi, one i…

Jul 4, 2017

Business

Kenya Collaborates with US Government on Cyber Security

Kenya will be collaborating with the United States government in the areas of digital economy and cyber security to boost security and protection of information. Information and Communication Technology (ICT) Cabinet…

Jul 2, 2017

Business

China Firms Churn Out 127,000 Jobs for Kenyans

A new report by Global Consultancy firm McKinsey & Company indicates that Chinese firms operating in Kenya have managed to create 127,000 jobs. According to the report that was released on Tuesday, about 396 Chinese c…

Jun 28, 2017

Business

Google Slapped with 2.22 Billion Euro Fine by the European Union

World’s largest internet search engine has been slapped with a 2.22 Billion Euro fine by the European Union (EU) antitrust regulators on its Alphabet unit Google on Tuesday for illegally favoring its shopping service…

Jun 27, 2017

Business

Kenya, Uganda Cement Deal on Standard Gauge Railway Extension to Kampala

Kenya and Uganda have re-affirmed their commitment to having the ongoing construction of the Standard Gauge Railway (SGR) line reach Kampala. In a joint press briefing, Uganda Minister for Works and Transport Monica A…

Jun 25, 2017

Business

Peter Kenneth's Firm Opens New Bank

The Central Bank of Kenya (CBK) has issued a license to Mayfair Bank Limited, an institution that is associated with Nairobi gubernatorial aspirant Peter Kenneth to conduct banking business in Kenya. In a statement, t…

Jun 24, 2017

Business

US Wind Firm in Row over Multi-Billion Shilling Kenyan Wind Power Project

A United States wind firm has moved to court accusing the National Land Commission Chairman Muhammad Swazuri of awarding 3,000 acres of land allocated to the firm by the Lamu County government to a local energy firm…

Jun 23, 2017

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Business

American Cancer Society Helps Kenya Secure Cheap Cancer Drugs

The American Cancer Society (ACS) and Clinton Health Access Initiative (CHAI) have helped Kenya enter into a deal with two global drug manufacturers, Pfizer and Cipla. The deal will see Kenya purchase up to 16 cancer…

Jun 23, 2017

Business

Kenya Denies Presence of Plastic Rice in the Country

The Kenya Bureau of Standards (KEBS) has dismissed claims of the existence of plastic rice in the country. KEBS Managing Director Evans Ongwae says their market surveillance team embarked on efforts to ascertain wheth…

Jun 20, 2017

Business

US Warns Kenya, African Countries

The United States Secretary of Commerce Wilbur Ross has asked Kenya and African countries to fulfill their obligations under the terms of Agoa, a special trade program of considerable benefit to Kenya. The Agoa progra…

Jun 16, 2017

Business

Kenyan Diaspora-backed FEP Group Returns to Profits

A Kenyan local investment group which is partly backed by the Kenyan diaspora community has bounced back to profit on lower costs and a tax credit. Fountain Enterprise Program (FEP) Group announced that it has made a…

Jun 15, 2017

Business

Kenya Airways Gets First Licence for US Direct Flights

Kenya Airways has moved an inch closer to flying direct flights to the United States, after the Department of Transportation (DOT) granted it the first set of licenses. The Airline has received “exemption authority” l…

Jun 14, 2017

Business

Trump-Connected US Lobby Firm to Help Kenya from Losing 66,000 Jobs

The Government of Kenya has explained the reason why it decided to hire Trump-connected US lobbying firm, SPG. The Kenyan Embassy in Washington, DC said that the firm was hired by Kenya to help block a threat to the s…

Jun 13, 2017

Business

Peter Kenneth's Company Gets High International Ratings

Mayfair Insurance, a company related with former Gatanga Member of Parliament and Nairobi gubernatorial contestant, Peter Kenneth, has been rated highly by South African Global Credit Rating (GCR) firm. The positive r…

Jun 12, 2017

Business

US-Based Engineering Firm Opens Africa Office in Nairobi

United States-based engineering and construction firm Bechtel has opened an office in Nairobi that will serve as the region’s infrastructure works headquarters, as foreign investors continue to show their confidence i…

Jun 11, 2017