Aga Khan Hospital gets accreditation for its laboratory services

The Aga Khan University Hospital has been accredited by the Accreditation Committee of the College of American Pathologists (CAP) for its laboratory services. The facility...

Why Kenya Konza technocity failed to take off

It was touted as Kenya’s dream technocity that would create 200,000 jobs and make the country a model for other African countries in technological...

World Bank to fund registry of home goods as collateral for loans

The World Bank has announced funding for creation of an electronic registry that will allow use of household goods, live animals and office equipment...

Kenyattas, Ndegwas create 3rd largest bank in merger

Commercial Bank of Africa’s (CBA) announcement that it had opened talks with rival NIC Group for a possible merger, if successful, will create...

UK tycoon seeks piece of Kenya’s betting billions

Africa focused betting firm, BetLion, has sought a license to open shop in Kenya as it seeks a piece of the gaming billions of...

KFC stores hit 21 after Village Market launch

US-based fast foods chain Kentucky Fried Chicken (KFC) has opened a branch at the Village Market in Nairobi, raising the number of its outlets...

Isuzu says has capacity to make 30 mass transit buses monthly

Isuzu East Africa will assemble up to 30 high-capacity vehicles a month for the planned bus rapid transit system (BRT) in Nairobi, the latest...

Safaricom eyes huge capital savings with new base stations

Safaricom is testing new network coverage technology known as Tubestar Base Stations that could help to cut up to three quarters of land area...

Brookside to pay for milk based on quality

Brookside Dairy will start paying farmers based on milk quality as it seeks produce that allows it to manufacture more premium products like ghee...

Shell opens Kenya’s biggest station in Lavington worth Sh200m

Oil marketer Vivo Energy, which trades in Kenya under the Shell brand name, has opened a Sh200 million station in Lavington which it describes...

Nairobi County Government tells all Taxi app providers to start paying fees

Through the Nairobi County Government , all Taxi app service providers such as Uber,Taxify and Little Cab among others will now start remitting taxes...

Petrol dealers reject KPC’s December audit deadline

Oil marketers have opposed the December deadline the Kenya Pipeline Company (KPC) issued to conduct an independent forensic audit following the loss of Sh1.2...

HF at below par value after slide into losses

Mortgage lender HF Group’s stock has fallen to a 15-yearlow at the NSE as the slide into losses weighs down on investor sentiment. The...

Rotich raises domestic borrowing by Sh100bn

Treasury will borrow Sh100 billion more from the domestic market in the next financial year as it cuts new foreign loans in a shift...

Oil dealers point finger at illegal foreign dealers at airports

Kenya Airports Authority (KAA) has sharply differed with oil marketing companies (OMCs) over alleged presence of foreign brokers who have taken control of the...

Rich Kenyans lined up for Sh51m US citizenship deal

An American PE firm is in the country scouting for wealthy Kenyans to invest their way into an American citizenship through the US immigrant...

Qatar pulls out of Opec oil producers’ cartel

Qatar has announced it is pulling out of the Opec oil producers' cartel, just days before the group meets in Vienna. The Gulf state, which...

Cannabis firm confirms investment talks with Marlboro maker

Altria, the maker of Marlboro cigarettes, is in talks with a Canadian cannabis producer over a potential investment in the firm. Canada's Cronos Group confirmed...

YouTube top earners: The seven-year-old making $22m

A seven-year-old boy who reviews toys has been revealed as YouTube's highest-earning star, raking in $22m (£17.3m). The estimate by Forbes magazine found that Ryan...

Trump’s China car tariffs claim sows confusion

A proposed cut by China to tariffs on US car imports created confusion in Washington, a day after it was announced by US President...

Plan to make Kenya food secure unveiled

The government has launched a plan to make Kenya food secure, hoping to halve poverty levels by 2025. The plan includes increased mechanisation in agriculture...

CMA to pay whistleblowers up to Sh5m

The Capital Markets Authority (CMA) will reward whistle-blowers who report market malpractices with up to Sh5 million if proposals contained in the CMA Amendment...

Bamburi Cement say that the results will be announced in the first quarter of...

Bamburi Cement has issued a profit warning saying that they expect their 2018 full year earnings to decrease by more than 25 per cent. In...

Trump says China agreed to reduce tariffs on US car imports

Beijing will "reduce and remove" the 40% tariffs it places on US cars imported into China, US President Donald Trump has said. China has not...

Nairobians Trek to Work Ban Take Effect

Do you work in Nairobi’s Central Business District and use public transport to reach your work station? And does your commute involve taking a connecting...

Four more arrested in Sh70 million saccos fraud

Four more suspects were on Thursday arrested in connection with electronic fraud targeting the IT systems of several Kenyan saccos. The Directorate of Criminal Investigations...

HF sinks into Sh332m loss as UBA profit up three-fold to Sh52.2m

Mortgage financier HF Group sunk into a Sh332 million net loss in the nine months ended September, weighed down by reduced lending and loan...

Kenya Power breaches terms of Sh60bn loans

Kenya Power #ticker:KPLC has breached the terms attached to Sh59.96 billion worth of its short-term and long-term loans, signalling a biting cash crunch at...

M-Pesa to send cash direct to China’s WeChat users

Safaricom’s #ticker:SCOM M-Pesa users are now able to send money instantly to users of China’s largest payment and social media application, WeChat. The partnership between...

Ex-KenolKobil staff want Sh200m shares pay

Oil marketer KenolKobil #ticker:KENO is embroiled in a Sh200 million dispute with nine former employees, who are questioning the status of their shares in...

I&M bank’s 9-month profit grows 18pc

NSE-listed #ticker:NSE bank I&M Holdings #ticker:I&M has reported 18 per cent growth in net profit for the nine months ended September to Sh5.85 billion...

Bank deposits at CBK fall short in tight market liquidity

Cash deposited by commercial banks at the Central Bank of Kenya (CBK) vaults last week saw a shortfall of Sh15 billion relative to the...

US hearing gadgets firm opens Nairobi offices

US firm Starkey Hearing Technologies has opened offices in Nairobi to serve as the continent’s hub. The Minnesota-headquartered multinational’s first offices in Africa will house...

MKU ventures into real estate with upmarket residence in Mombasa

Kenya’s largest private university by student population, MKU, has ventured into the real estate and hospitality market with the opening of a multimillion-shilling mixed-use...

“Take advantage of the investments and business opportunities that our blue economy has to...

It is now reported that the Country (Kenya) is seeking Sh143 billion ($1.4 billion) worth of investments in bankable projects in blue economy sectors. Speaking...

Uhuru to take action on ocean dumping

President Uhuru Kenyatta has promised to take action against dumping of waste in lakes and oceans. Speaking during the Sustainable Blue Economy Conference in Nairobi...

KETRACO seeks approval for electric SGR line

The Kenya Electricity Transmission Company (KETRACO) has sought approval from the environmental watchdog to electrify the standard gauge railway (SGR) line between Mombasa and...

Kenya Power records a 63.7% decline in profit to Sh1.92 B in it’s Financial...

Kenya Power has posted a 63.7 percent decline in net profit to Sh1.92 billion in the financial year ended June 2018 on higher costs. Despite...

Kenya Power profit plunges 63.7 pc to Sh1.9 billion on higher costs

Kenya Power has posted a 63.7 percent decline in net profit to Sh1.92 billion in the financial year ended June 2018 on higher costs. Despite...

KCAA probes 3 airlines for lifting miraa on unlicensed aeroplanes

The Kenya Civil Aviation Authority (KCAA) is investigating three local airlines for operating miraa (khat) cargo business on the Nairobi-Somalia route. This comes barely a...

74% of salaried Kenyans earn less than Sh50,000

Three-quarters of all Kenyans working in the formal sector are on a monthly salary of below Sh50,000, the latest wage distribution data shows. The Kenya...

Uganda first expansion destination for Kenyan SMEs

Uganda is the most preferred investment destination by Kenyan small and medium enterprises looking to expand outside the country, a new report says. The 2018...

StanChart nine month net profit rises to Sh6.3bn

Standard Chartered Kenya’s net profit for the nine months ended September rose by a third to Sh6.3 billion on higher revenue from government securities,...

Jameson whisky released in Sh700m tax dispute

The Kenya Revenue Authority (KRA) has been ordered to release detained imports of the popular Jameson Whisky following a disagreement with its importers over...

UBA bank boss departs under cloud of bad loans

Isaac Mwige, the chief executive of UBA Kenya, has left the bank after four years on the job, the local subsidiary of Lagos-based lender...

KenGen slaps Kenya Power with Sh1bn fine for payment delays

Kenya Electricity Generating Company (KenGen) has slapped Kenya Power with a Sh1 billion penalty for flouting a 40-day window limit for paying debts owed...

Safaricom to Give Customers Back All Mobile Data They Use on Friday and Saturday

 Safaricom  has today announced the “Asante Data Sunday” promotion in which customers will get back all the data they use on Friday 23rd and...

Safaricom finally puts to end money deduction claims

Safaricom came out to clarify on claims it has been deducting money from its subscribers’ M-Pesa wallet when buying airtime and data bundles for...

HUAWEI LAUNCHES HIAI 2.0, COMMITS TO CREATING THE ULTIMATE AI APP EXPERIENCE

At the third Huawei Eco-connect Europe conference, Huawei launched HiAI 2.0, an open platform designed to facilitate the development of On-Device artificial intelligence (AI). The...

Regulation Of Electricity Prices In Remote Areas

The energy regulator is planning to set up a fund to cushion operators of mini-grids from high costs as part of regulations to encourage...

Flight to Somalia postponed over some additional insurance rules

Officials have said that Somalia’s demand for additional insurance for Kenya Airways’  direct flights to Mogadishu recently forced the Kenyan carrier to postpone to December...

Top Local Airlines tell of oil-marketers to stop pressurizing tenders

Top airlines in the country have called on the National Assembly Committee on Energy to dismiss a petition in which two leading oil marketers...

Sister Company to google partners up with Telkom to test balloon-powered internet

Project Loon together with Telkom have secured the regulatory approval to test balloon-powered internet. Loon has begun importing and installing ground infrastructure in Kenya with initial...

President Magufuli Orders Army To Buy All Cashew Nuts

Tanzanian President John Magufuli has ordered the army to buy up the entire country's crop of cashew nuts after private companies refused to pay...

Government borrows Sh50 Million from Central Bank

Through a notification,The government has borrowed Sh50 billion from the central bank. The money is to finance infrastructure projects in 2018/19 fiscal year which...

Gikomba Market in Blaze Again

Several stalls at Gikomba market, Nairobi were razed when a fire broke out early Wednesday morning. Reports reaching the Standard Digital desk say there...

Motorists prepare for crackdown starting Monday

Motorists, matatu crews and passengers could from next week face stiff penalties as the Governmen implements the ‘Michuki rules’. The traffic laws, introduced by...

Good news for M-Pesa users as it partners up with Western Union

Good news as now M-Pesa users will now be able to send money abroad directly from their phone after Safaricom has partnered with global...

World’s largest silk company seeks to open shops in the country to provide employment

The world’s largest producer of silk, Guangdong Silk-Tex Group, has announced its plans to set up shop in the country. Top officials of the government-owned company...

Kenya Airways makes history as it lands in New York, USA .

On Sunday Kenya Airways plane Boeing 787-8 Dreamliner left the Jomo Kenyatta International Airport (JKIA) for New York City in a historic Kenya Airways...

ARM company approves on the sale of it’s partners so as to reduce...

Today (Tuesday) the Creditors of Kenya's ARM Cement administrator said that the company voted on the approval of the sale of one of its...

Haji orders probe over missing report on faulty transformers

The trial of former Kenya Power senior managers, among them former managing director Ben Chumo and his successor Dr Ken Tarus, may not proceed...

Good news for Young Entrepreneurs around the country

Over 300 young men and women by today will receive small business loans under the Kenya Bankers Association YBIZNA entrepreneur competition. The youth, who are...

17 illegal immigrants at the JKIA

Kenya on Sunday repatriated 17 Somali nationals who caused disturbance at Jomo Kenyatta International Airport when they were denied clearance to travel to Uganda. The...

Uchumi Supermarket locked up due to unpaid bills

It is reported that Uchumi Supermarket management has not been able to access their headquarters at Industrial Area since October 2. This follows a move...

Equitel in double digit growth driven by mobile payments

Equitel has recorded double digit growth in both the value and number of mobile money commerce transactions, according to the latest data from the...

Around 200 companies reach the finals of the CIO100 awards

As the CIO 100 awards in approaching, is reported that around 200 regional companies have reached the finals of the competition which had around...

Major boost from china imports from African countries due to US trade war

According to the senior executive of Standard Chartered in China, they say that China will have a major boost from its imports from African...

The Second Urban dialogue starts today

The second urban dialogue which sets to deliver about affordable housing agenda is expected to kick off in Nairobi today. The two-day forum brings together...

The 27th Kenya Homes Expo officially begins today

The 27th Kenya Homes Expo begins today as discussions are ongoing about the expo which begins from the 11th to 14th Oct this week. The...

Big News as Kenya is ranked as number 5 in list for wealthiest countries...

According to the AfrAsia Bank Africa Wealth Report they claim that Kenya is in the top 10 list for wealthiest countries in Africa. Kenya was...

Japanese Car Giant recalls that it has over 2.4 million hybrid cars

Today Japanese Car Company Toyota it has recalled that it had more than 2.4 million hybrid cars over a fault that could cause crashes...

Airtel Kenya distributes water tanks in schools in support of the Ngulia’s Project

The Airtel Team donated two water tanks to two schools around the Tsavo West National Park in Mtito Andei. The gesture was supporting the Ngulia’s...