The top shareholders in NIC, CBA banks merger

The merged CBA and NIC bank will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information...

Kenya Private sector introduces new methods to strengthen their security

Kenya’s private sector has enhanced their investment in security by adopting a myriad of measures that include training staff on what to do in...

Kajiado shuts Tata depot as Sh17bn dispute escalates

The dispute over Sh17 billion unpaid land rates between Tata Chemicals Magadi and the Kajiado County Government has taken a new twist after the...

Chicken Inn owner opens Sh70m Nairobi eatery in diversification

Zimbabwe’s largest fast-food restaurant operator, Simbisa Brands, has opened a new Sh70 million outlet in Nairobi as it diversifies its growing Kenya portfolio. The restaurant,...

City Hall pay-rise strike starts today

More than 15,000 City Hall workers are expected to go on strike today as dispute escalates over delayed salary increments in a move set...

Telkom holds on to its fibre network

Telkom Kenya hived off its fibre network business in the ongoing merger with Airtel to give the government a secure communication system, sources familiar...

KRA starts crackdown on Treasury bond tax cheats

The Central Bank of Kenya has notified all buyers of Treasury debt papers to submit their PIN and contact details afresh for forwarding to...

Two KQ Aircraft Collide at Jomo Kenyatta Airstrip

Kenya Airways has confirmed an incident in which two of its aircraft Embraer 190 collided.No injuries were reported. KQ also clarified that the planes involved...

Japan firm to help Kenya boost its blood bank

A Japanese blood bank firm has partnered with the Kenya National Blood Transfusion Service (KNBTS) with an eye on corporate Kenya and other adults...

Safaricom lends Sh6.2bn in one month on ‘Fuliza’

Safaricom customers have borrowed Sh6.2 billion in one month on the Fuliza overdraft service, revealing a huge pent-up demand for instant, micro-loans in the...

Betting, sports sites dominate Kenya’s 2018 Google searches

Betting and sports-related sites dominated the top internet search queries in Kenya in 2018, a new report showed, pointing to a gambling craze in...

Safaricom eyes parking fee contracts with Kaps deal

Telecommunications firm Safaricom has joined the growing list of firms eyeing lucrative contracts to digitise revenue collection at malls and hospitals after unveiling a...

Safaricom releases monthly bundles for all customers to use for data and calls

Today (Friday), Safaricom has released a  new monthly bundles that will see customers purchase discounted data and calling rates in one package. The bundles offer...

Shock as Top university has a Sh.1.6 Billion pension Dept

According to the Vice-chancellor of University of Nairobi Peter Mbithi, he says that the Institution is groaning under huge debts, among them Sh1.6 billion...

Ukay Centre owner seeks Sh2.3bn over demolition

The owner of Ukay Centre has sued for Sh2.3 billion following the demolition of the mall in August last year. Kental Enterprises Ltd, the company...

Retirees’ cash at risk as NSSF makes costly blunders

The sunset years of millions of employees is at risk following investment blunder by the very agency meant to safeguard and grow their nest...

Wife of KRA employee loses Sh19.6m in anti-graft purge

The State is now free to seize Sh19.6 million belonging to the wife of a Kenya Revenue Authority (KRA) employee after the High Court...

Bank bulk transfers flat as mobile money rises

The growth in the volume of bulk cash transfers through banks fell flat last year as alternative payment methods such as mobile money continued...

City Hall seeks e-revenue platform, JamboPay exits

City Hall is set to change its electronic revenue platform as it moves to retire the Local Authority Integrated Financial Operations Management System (Laifoms)...

Equity Bank ranked the most expensive lender

Equity Bank, Kenya’s largest retail lender by customers, has been ranked the country’s most expensive bank. This indicates the Nairobi Securities Exchange-listed firm’s huge pricing power...

Eveready books Sh116 million loss

Eveready East Africa has registered an after-tax loss of Sh116.4 million for the full-year ended September 2018, down from a profit of Sh267 million even...

EAC leaders head for Arusha talks amid growing trade war

East African presidents are expected to meet Friday in Arusha for the 20th Summit of the EAC Heads of States, an event they cancelled...

Inside the re-opened dusitD2 Hotel complex

Inside one of the re-opened dusitD2 Hotel restaurants in Nairobi’s 14 Riverside business complex, it is easy to forget the hail of bullets and...

Tourism CS identifies 10 National parks to be rebranded to boost tourism in the...

Yesterday(Thursday) evening The cabinet Secretary for Tourism Najib Balala has identified ten national parks that will be rebranded to attract more tourists. He again went ...

Local Celebrities and social media influencers experience launch of Quick Mart’s first 24-hour branch...

Local Celebrities and social media influencers were among the first customers to experience the Fast rising retailer Quick Mart Supermarkets first 24-hour outlet opening....

Kenya Airways Gazes At Managing JKIA For 30 Years

Kenya Airways #ticker:KQ has proposed the formation of a subsidiary dedicated to managing operations at the Jomo Kenyatta International Airport (JKIA) for a concession...

Taxman is set by April to block all tax cheats

According to the taxman,starting April this year all Individuals and firms that fail to file domestic tax returns may be locked out of import...

Fly 540 Flight To Dar On Break

Fly 540 has stopped flights to Dar es Salaam, barely two years after it resumed operations on the route, highlighting intensified competition in the...

M-Pesa Fuliza garnered 1Million Users after 8 days after its Launch

A new feature on M-Pesa labelled Fuliza has now granted users access an overdraft facility has garnered one million users eight days after its...

KRA determined to raise Sh6.1 trillion by 2021

Today, The Kenya Revenue Authority set a goal for raising Sh6.1 trillion in core revenues by 2021 through Exchequer revenues, Road Maintenance Levy Fund,...

India’s Bharti Airtel in talks to buy Telkom Kenya

India’s Bharti Airtel is in talks to buy Telkom Kenya, the country's smallest telecoms operator, to create a stronger challenger to market leader Safaricom,...

China’s tax cuts spell doom for local manufacturers

The Chinese government's move to cut taxes will further open the floodgates for cheap imports into Kenya, dealing a blow to local manufacturers. The three-year...

Stanbic gets Interpol help to seize vehicles

Stanbic Bank Limited has obtained a court order authorising Interpol and the Kenya Police to search, seize and repatriate 32 vehicles that were used...

Kenyan Budget Increased To Ksh321.5 Billion

The Treasury has raised its borrowing target for the financial year ending June 2019 by Sh78 billion in the wake of below-par revenue collection...

Starting July,Age limit for second hand car imports set to drop from eight to...

Earlier today, Trade secretary Peter Munya gave orders to the Kenya Bureau of Standards (KEBS) to draft legal amendments lowering the age limit and...

Fish Import From China Will Not Stop

The National Treasury has defended the importation of fish from China for local consumption, saying the Kenyan fishing industry does not produce enough to...

Government expenditure set to increase by 15% in 2018-2019

According to analysts at Sanlam Investments,they say that the government expenditure is projected to increase by 15 percent in the 2018/19 budget. In their 2018...

NCPB Gives Millers Two Day To Move Out

Millers using National Cereals and Produce Board (NCPB) depots to store maize have protested an order for them to vacate the premises. Agriculture CS...

Jamii Bora Bank Gets A New Boss

Jamii Bora Bank boss Sam Kimani is set to leave the tier III lender next month after seven years at the helm. Mr Kimani...

Agency warns on non-remittance of pension dues

The Retirement Benefits Authority (RBA) says it will enforce penalties against laggard employers found culpable of not remitting or delaying remitting workers’ pension deductions. The...

Safaricom rolls out M-Pesa overdraft facility to all its users

M-Pesa users can now send money or pay for goods and services when they have insufficient balance in their accounts after Safaricom #ticker:SCOM rolled...

KTDA issues tea farmers smartcards with eye on efficiency

Kenya Tea Development Agency (KTDA) has launched a smart card for farmers to curb theft and weight falsification as it promotes transparency in factories. KTDA...

Over Sh22 billion deals have occurred in the Kenya Financial services sector

According to the Cytonn Annual Market, Over Sh22 billion acquisition deals occurred in Kenya’s financial services sector. The deals saw some international private equity funds...

Dubai school takes over Hillcrest for Sh2.6 billion

Private equity firm Fanisi Capital has signed an agreement to sell Hillcrest International Schools to Dubai-based GEMS Education for Sh2.6 billion, marking the latest...

Creditors to determine Deacons fate at January 22 meeting

Creditors of fashion retailer Deacons East Africa are set to meet on January 22 to consider and vote for or against options to revive...

Meru accused of inflating cooking gas price 300pc

Meru County health department inflated the price of refilling a 13-kg gas cylinder by about 300 per cent in the 2016/17 financial year, audit...

Kenya Re to build on Upper Hill land

Listed Kenya Reinsurance is seeking expert advice on the planned development of its prime plot in Nairobi’s top commercial hub, Upper Hill. In the...

Mr Price books Sh91m loss on Kenya business

South African fashion retailer Mr Price suffered a loss of Sh91 million in its Kenyan operation in the five months ended September, largely attributable...

US beats Pakistan to second largest buyer of Kenya goods after deal

Kenya’s exports to the US hit a fresh record in the three months ended September 2018 after Washington and Nairobi signed trade deals late...

Local flight fares fall as holiday ends

Domestic flight fares have fallen by up to 75 per cent after the end of Christmas season on reduced demand. Those travelling between Kisumu and...

Puzzle of grand but poorly executed State projects

Several multi-billion-shilling government projects have slammed into costly headwinds putting into question their planning and feasibility before roll out. The setbacks that rock initiatives midway...

2019 outlook: Kenya to vie for UN security position

Kenya is set to contest for a non-permanent membership slot of the United Nations Security Council scheduled for mid-2019. Winning the slot will enhance Kenya’s...

2019 outlook: Emmanuel Macron set for Nairobi visit

French President Emmanuel Macron makes first visit in Kenya for an environment conference set for March in a meet that will also seek to...

First batch of Sh1.6bn high capacity buses arrives from SA this month

Transport secretary James Macharia has, yet again, changed tune on the planned acquisition of high-capacity buses from local assemblers, instead opting to buy 64...

Renault Trucks taps CMC Motors Group to Distribute its Heavy Commercial Trucks

CMC Motors Group has entered into partnership with French automotive manufacturer Renault Trucks to expand its footprint within the heavy commercial truck segment, to...

Probox cars set to get PSV licences in matatus regulation

A law review is on the cards for Toyota Probox and Toyota Sienta to operate as public service vehicles and ease their regulation. Transport Principal...

KRA says iTax system technical hitch resolved

The taxman says a technical hitch affecting its automated tax payment service dubbed iTax has been fixed. Many taxpayers who own rental houses had earlier...

FastJet ‘not qualified’ to operate in Tanzania, State says

The Tanzania Civil Aviation Authority (TCAA) has announced that Fastjet Tanzania has lost its qualifications to operate in the country due to frequent cancellation...

Christmas mood hits bonds trade

Secondary market trading of the fixed-income securities plunged by a third last week as market players predicted further drop this week on the back...

Imperial depositors have to open KCB accounts for payout

Imperial Bank depositors will now have to open accounts with Kenya Commercial Bank (KCB) ahead of next week’s partial payment of their money stuck...

Mombasa soars as more international direct flights land

As the peak season gathers momentum, Mombasa is looking to have unprecedented number of tourists, thanks to the increased number of direct international airlines...

How banks used Sh32bn reserves to boost profits

Seven of Kenya’s top banks tapped into Sh32.3 billion worth of capital reserves to absorb the impact of mounting loan defaults and report robust...

Gulf Bank in deal to finance women in mining industry

Gulf African Bank has signed a deal to finance women in the mining industry. The lender is partnering with the Association of Women in Energy...

Kiamaiko abattoir set to be moved

Nairobi County’s famous Kiamaiko goat slaughterhouse faces relocation after City MCAs faulted its hygienic condition. This follows a damning report by the Nairobi Assembly Environment...

Kasarani church group to buy Sh2.8bn Uchumi land

Five top officials of a church in Roysambu, Jesus Winners Ministry, are set to be the new owners of Uchumi’s multibillion-shilling Kasarani land. The private...

KQ Somali flights finally take off

National Carrier Kenya Airways is finally set to start direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to Somali capital Mogadishu today after...

Moi airport’s solar system seeks to reduce plane emissions

Moi International Airport became the first airport in East Africa to install a solar system to power machines meant for reduction of carbon emissions...

Cytonn sues over 35-storey Kilimani tower’s approval

Investment group Cytonn has sued Nairobi City County for cancelling an approval for the construction of a multi-storey tower in Nairobi’s Kilimani area following...

Kenyans abroad mull creating mutual fund for investments

Kenyans working and living abroad are mulling over the creation of a collective investment scheme (CIS) as a special investment vehicle. Kenya Diaspora Alliance (KDA)...

Airline set to launch Nairobi-Kitale flights

Cargo chartered airline Airworks is set to launch daily passenger flights from Nairobi’s Wilson Airport to Kitale via Eldoret, stepping up competition for passengers...

KPA faces payouts worth billions in suits over loss of cargo containers

The Kenya Ports Authority (KPA) is on the spot over mysterious loss of containers at the Port of Mombasa in what points to a...

Maize farmers to wait longer for NCPB pay

Maize farmers will have to wait longer before they start selling their crop to National Cereals and Produce Board (NCPB) as the Treasury is...

Imperial Bank clients to get Sh20.3bn more in KCB deal

The Central Bank of Kenya (CBK) has reached a deal with KCB Group #ticker:KCB to carve out part of assets and liabilities from under-receivership...

Uhuru raps State agencies for frustrating SMEs

President Uhuru Kenyatta has sounded a warning to national and county regulatory bodies that he says are a hindrance to business in the country...

Farmers to get e-vouchers for cheap fertiliser

Farmers will next year use e-vouchers to buy subsidised fertiliser from private agro-vet shops in a bid to curb corruption and offer growers quality...

Toyota controls 57pc share of all vehicle sales in Kenya

Japan’s Toyota Motor Corporation controls 57.3 per cent of all motor vehicles sales in Kenya, according to new official data which shows automakers’ market...

Toshiba’s go Africa program registers 400% growth in market share.

TOSHIBA GULF FZ (TGFZ), full own subsidiary of Toshiba Corporation, one of the world’s leading storage device manufacturer, ton Tuesday said that its go...

New bug prompts earlier end to Google+ social network

Google said Monday it will close the consumer version of its online social network sooner than originally planned due to the discovery of a...

Centum owned Sabis School injects Sh1bn for expansion

Centum-owned Sabis International School in Runda has said it will invest $10 million (about Sh1 billion) for expansion. The Runda based elite school which welcomed...

CRBs oppose plans to list varsity defaulters

The University of Nairobi’s attempts to forward the names of defaulting students to credit reference bureaus will be opposed, the bureaus warn. The university Monday...

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...