Court allows detention of 38 KRA staff

Thirty-eight ​Kenya Revenue Authority employees who were locked up for 14 days have filed an application at the High Court challenging their detention. On Monday,...

KCB Bank Rolls out Initiative to Drive Savings

KCB Bank Kenya has kicked off a financial literacy initiative to drive up savings in the country. known as WekaWeka, the KCB M-PESA campaign...

KRA Demands Sh14 Billion from SportPesa

Kenya Revenue Authority, KRA is demanding Sh14 billion in tax arrears from leading sports betting and gaming company SportPesa. The taxman claims Pevans East...

Toyota Kenya launches fifth generation Rav4

Toyota Kenya on Thursday introduced the fifth generation RAV4 in the Kenyan market. The new Robust Accurate Vehicle with 4 Wheel Drive (RAV4) model brings a new era...

SAMSUNG AND UNIVERSAL PICTURES ANNOUNCE HDR10+ CONTENT COLLABORATION

Samsung Electronics and Universal Pictures Home Entertainment (UPHE) have announced plans to bring to market titles mastered with HDR10+; the next generation of video...

41 PEOPLE KILLED IN RUSSIAN PLANE CRUSH

Forty-one people were killed on Sunday including two children after a Russian Aeroflot passenger plane burst into flames at Sheremetyevo airport in Moscow. The...

SAFARICOM RAKE IN KSH63.4B IN PROFIT

Safaricom has raked in Sh63.4 billion in net profit for the year ended March 2019, recording a 14.7 per cent increase.  In the results...

SAFARICOM ANNOUNCES DOUBLE AIRTIME FOR ITS CUSTOMERS

Safaricom customers are set to enjoy double talk-time to all networks over the next three months in a promotion dubbed “Tunukiwa Kredo dabo dabo ”....

JUBILEE HOLDING PRE-TAX PROFIT HIT 5.16B

BY CORRESPONDENT: Jubilee Holdings Limited has recorded a pre-tax profit of Sh5.16 billion in compared to Sh5.14 billion the previous year. This is an...

Amazon set to cut delivery times for customers

Today, Amazon has promised to cut delivery times for customers of its Prime service. The Amazon Prime is a subscription service that offers free delivery...

Rate of Fuel consumption drops to its lowest level

The Rate of Fuel consumption has dropped to its lowest level in three years due to increased taxes, pointing to slowed activity in the...

Samsung receives global Environmental Protection award

Samsung Electronics has received the highest honour environmental protection award ,ENERGY STAR, for continued efforts in sustainability for the sixth year. The ENERGY STAR...

Introduce Tax Incentives to Promote Clean Energy Use; Urges Mars Wrigley

Leading manufacturer and marketer of confectionery, Mars Wrigley, has called on the government to extent special tax incentives to manufacturers who invest in renewable...

Coke Studio Africa 2019 To Fly Kenyan Fans To Santorini, Greece

The Coca-Cola System in Kenya, has launched a National Consumer Promotion dubbed “Dunda Majuu na Coke Studio” to reward loyal consumers with a trip...

SACCOTech Forum officially launched in Kenya

The inaugural SACCOTech Forum bringing together over 150 Heads of ICT, CIOs, CEOs and top line managers from deposit-taking SACCOs, took place in Nairobi...

Gikomba In Blaze Again This Morning

A section of Gikomba Market in Nairobi was Wednesday burnt down in a fire incident once again.Fire engines rushed to the scene after the...

Telkom and Airtel Now Command Half the Number of Safaricom’s Mobile Subscriptions

The Communications Authority of Kenya (CA) has released the second quarter sector statistics for the financial year 2018/2019, that is from October to December...

Trouble as Kenya Power faces graft allegations

Through reports, it is now believed that the Kenya Power managers are facing graft allegations in which there were offered over Ksh200 million to...
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KCB Bank Kenya Taps More Payment Options in Link up with UnionPay

KCB Bank Kenya in partnership with Union Pay, one of the world's leading payment service providers have yet again enhanced the payment options for...

Facebook CEO wants government to be active in regulating the internet

According to Facebook CEO Mark Zuckerberg requested the governments to play a “more active role” in regulating the internet, urging more countries to adopt...

Air France launches customer reward campaign

Air France customers flying out of Nairobi to Europe and North America will enjoy 30% off their fares thanks to the airlines' latest promotion...

Imperial Bank client sues CBK at Arusha court

The hearing of a case in which a customer of the collapsed Imperial Bank has sued the Central Bank of Kenya (CBK) for loss...

Stima Sacco to open three new outlets

Stima Sacco is set to open three more branches in the central, coastal and western Kenya regions in the next three years in its...

KQ sticks to Boeing plan despite Ethiopia crash

Kenya Airways will not cancel its orders for the Boeing 737-800 Max jets that have been grounded globally after suffering two fatal crashes in...

Co-op Bank CEO Muriuki to earn Sh103m dividend

Gideon Muriuki, the Co-operative Bank chief executive, will earn Sh103 million as dividend from the lender, cementing his position as the best paid executive...

Porsche, BMW fail to make sales for 2 months in luxury car slowdown

Luxury car market was hit by a slowdown in the first two months of the year that saw top brands Porsche and BMW fail...

Court gives lands team more time in clan case

The hearing of a Sh2.6 billion compensation claim by the Kogony clan airport expansion land has been adjourned to July 23. In a petition filed...

Kisumu Airport Closes Down For Runway Expansion

Kisumu International Airport will be closed on Tuesday for runway expansion by the Kenya Airports Authority (KAA). As a result, Kenya Airways announced a change...

6,000 cars stuck at port as logbooks shortage bites

An estimated 6,000 second-hand cars are stuck at the Mombasa port after the taxman issued a new directive requiring that no imported vehicle should...

Safaricom takes M-Pesa overdraft service global

Safaricom #ticker:SCOM has announced plans to take its M-Pesa overdraft service, Fuliza, to seven new African countries as the telco seeks to tap into...

Is Nairobi becoming hub for fake foreign cash printing firms?

The large sums of fake foreign currency seized by the police in recent months have raised concerns on whether Nairobi could be turning into...

Food experts warn over fertiliser shortage

Planting Kenya’s staple food crop, maize, without fertiliser is a recipe for hunger, agriculture experts have warned. This, even as the Treasury and the Ministry...

Kenya sets eyes on Chinese consumers for avocado exports

Avocado produce from Kenya might soon land in China, thanks to an initiative being spearheaded by the Ministry of Agriculture. Kenya Plant Health Inspectorate Service...

How Jumia lost millions in cyber fraud, robbery

E-commerce platform Jumia Kenya has revealed that it lost at least Sh118 million in the last two years due to consumer cyber fraud and...

Broadways to pay widow Sh1.4m for husband death

Thika-based confectionery firm, Broadways Bakery, has been directed by a court to pay a Nyeri widow Sh1.4 million as damages following her husband’s death...

Logistics firm Glovo ramps up Kenya presence

Spanish delivery firm Glovo has on boarded 150 partners to strengthen its clientele base as it looks to edge out its main rivals Uber...

Petrol price up to Sh101 after three month drop

The energy sector regulator has increased prices of super petrol, diesel and kerosene, reversing three months of consecutive fuel price cuts. In a price review...

French firms reap from Macron tour

Three French companies signed business deals worth Sh226 billion (two billion euros) during President Emmanuel Macron’s two-day visit to Kenya, making them the biggest...

Shock as the Uptake of cement in real estate drops from 5.96M to 5.49M

According to the Kenya National Bureau of Statistics (KNBS), they have stated Cement uptake dipped to 5.49 million tonnes in 2018 from 5.78 million tonnes...

Toi Market Goes Out In Flames On Tuesday Morning

Police are investigating the cause of a fire incident that burnt down the registry section of ministry of mining in Nairobi. The cause of the...

StanChart branch closure signals banking job losses

Standard Chartered Bank Kenya (StanChart)will shut down its Malindi branch at the end of April. The lender announced this in a notice that did not...

Retirement Benefits Authority puts rogue pension schemes on notice

The Retirement Benefits Authority (RBA) has warned pension funds against failure to remit member contributions and file returns in accordance with the law, adding...

SK Macharia loses Sh155m land row bankruptcy suit

Royal Media Services chairman S.K. Macharia has lost a three decade battle to stop a businessman from declaring him bankrupt over a Sh500,000 debt...

French firms in Kenya facing crisis as President Macron seeks answers

President Emmanuel Macron is set to start a two-day State visit to Kenya this week at a time French companies in the country are...

Inflation seen muted in the coming months

The rise in cost of living is expected to moderate further in coming months due to continued fall in food prices that should cancel...

Danish fund acquires Sh1.2 billion shares in Sidian Bank

Sidian Bank has signed a Sh1.2 billion capital injection with Investment Fund for Developing Countries (IFU), a Danish private equity, in a deal that...

306 more Kenyans rise to millionaires rank in a year

An estimated 306 Kenyans rose to the rank of dollar millionaires last year, defying economic headwinds to grow their net worth above Sh100 million...

Cheap imports as shilling hits 3½-year high to dollar

The shilling gained further ground on the dollar on Thursday to hit a three-and-a-half year high, setting the stage for cheaper imports of goods...

Mobius investor, Playfair Capital, raises Sh3bn for start-ups

Playfair Capital, the UK venture capital firm — whose founding partner Federico Pirzio-Biroli is an early-stage investor in Kenya’s Mobius Motors — has raised...

Planes operating from Nairobi’s JKIA seek fuel in regional’ airports

Airlines operating from the Jomo Kenyatta International Airport (JKIA) in Nairobi were Thursday forced to divert to regional airports for fuelling as stocks of...

Flights grounded At The JKIA Over Workers Strike

Flights have been disrupted at Jomo Kenyatta International Airport in Nairobi after aviation workers went on strike. The striking staff, who downed their tools in...

NSSF pay deduction set for rise to Sh1,080 per month

The National Social Security Fund (NSSF) says it is in out-of-court talks with workers’ unions, aiming to unlock a dispute that could see retirement...

Ouko warns KBC risks fine over Sh6.7m tax default

Kenya Broadcasting Corporation (KBC) failed to remit taxes worth Sh6.7 million to the Kenya Revenue Authority (KRA) in the year to June 2018. Auditor-General Edward...

Bata opens first red concept city store

The Bata Shoe Company has unveiled its first red concept store in Africa at The Karen Hub in a move that the firm hopes...

Davis & Shirtliff opens four new offices in expansion plan

Energy and water solutions provider Davis & Shirtliff (D&S) is eyeing further expansion of its network across the country with the recent opening of...

The Two River Ferris wheel launched by President Uhuru Kenyatta

Centum Investments Thursday launched Kenya’s largest observation wheel at Two Rivers Mall, the latest addition to the facility that features various amenities including theme...

Kenya Participate At the Meetings Africa Fair In South Africa

The Kenyatta International Convention Centre (KICC) is among the 338 exhibitors participating at the annual international, Meetings Africa in Johannesburg, South Africa. The three-day...

MultiChoice Launches MyDStv Mobile Self-service App

MultiChoice, Africa’s leading video entertainment provider, has unveiled an exciting, new mobile app called MyDStv that will put the power of self-service in customers’...

Analysts say only Equitel can help Airtel-Telkom challenge M-Pesa

Airtel-Telkom will only stand a chance against Safaricom’s mobile money service M-Pesa if the merged entity pairs up with Equity Bank’s Equitel money. This is according...

Equity gets Sh10bn IFC loan for onward lending

Equity Bank is set to take a $100 million (Sh10 billion) long-term loan from the International Finance Corporation (IFC) to shore up the capital...

Geothermal power firm gets Sh1.3bn grant for six wells

Geothermal Development Company (GDC) is set to receive Sh1.3 billion grant from the Geothermal Risk Mitigation Facility (GRMF) to drill six wells in Baringo...

Railways bans SGR ticket rescheduling in fraud crackdown

Passengers travelling on the standard gauge railway (SGR) train between Nairobi and Mombasa will no longer be allowed to reschedule travel times as the...

Kenya in spat with Iran over Sh4bn tea exports

Kenya has protested against a price cap that the Iranian government has imposed on tea exports to the country, putting the Sh4 billion market...

Rice shortage looms as rivers dry up in Mwea

An acute shortage of rice is looming in the country as low water levels hit the giant Mwea Irrigation Scheme in Kirinyaga County. Rivers which...

Three Kenyan start-ups bag enterprise award

Three Kenyan startups were Thursday crowned the continent's top winners for an award that recognises entrepreneurs making social impact through their work. Lakeview Fisheries and...

Treasury reopens M-Akiba bond sale

The National Treasury has said it will re-open the sale of the mobile-based infrastructure bond M-Akiba on Monday, hoping to attract more takers after...

Treasury rejects Sh3.9bn IEBC bills

The Treasury has rejected a request of Sh3.9 billion that the electoral agency has put forward for pending bills arising from the last General...

Brookside, Co-op Bank to start dairy training

Brookside Dairy has partnered with Co-operative Bank’s capacity-building arm, the Co-op Consultancy and Insurance Agency, to train officials of societies in the sector on corporate...

Posta, US firm sign doorstep delivery deal

The Postal Corporation of Kenya (PCK) has inked a deal with American logistics firm Seagate to enable Kenyans to ship purchases from international e-commerce...

Sasini taps Security Group’s Kenya MD Martin Ochien’g as its chief executive

Listed plantations firm Sasini Plc has tapped Security Group Africa (SGA) Kenya’s managing director Martin Ochien’g to oversee its operations, overlooking long-serving group financial...

Revealed: Chris Kirubi earned Sh700m from Bic deal

Billionaire businessman Chris Kirubi earned Sh714 million (€6.3 million) from last year’s sale of BiC brands East Africa franchise to French conglomerate Société BIC. The...

Safaricom promotion to create 100 ‘millionaires’ in three months

Safaricom has launched a multimillion-shilling campaign, which will see the firm reward more than 100 subscribers with Sh1 million cash prizes each. The Sh250 million promotion,...

Airtel, Telkom merger points to price war

The planned Airtel-Telkom merger is likely to trigger a tariff war in the telecommunications sector as the new entity is likely to opt for...

State wants city couple’s luxury cars, cash seized in drugs probe

The Assets Recovery Agency (ARA) wants a suspected drug-trafficking couple to forfeit its cash, luxury cars and prime land to the government. The State agency...

KRA demands Sh10.3bn tax on SportPesa winners

Betting company SportPesa is locked in a bitter legal dispute with the Kenya Revenue Authority (KRA), which is demanding Sh10.3 billion in taxes dating...

New customs technology blamed for JKIA cargo delays

Kenya Revenue Authority’s (KRA) recently installed cargo clearance system has come into sharp focus as delays hit imports shipped in via the Jomo Kenyatta...

Miraa lobby jittery over Kenya-Somali border row as exports fall

A miraa (khat) traders' lobby in Kenya has raised concern over the reliability of the Somalia market, even as the current diplomatic tiff between...

Inter-Continental Hotel might Get Audited Over Debt

The luxury InterContinental Hotel in the heart of Nairobi is broke, according to a document seen by the media. The strategically located five-star hotel overlooking...

Toyota, NIC Bank ink truck financing deal

NIC Bank and Toyota Kenya have entered into an assets deal that will see enterprises access 80 percent financing when purchasing Hino trucks from...

Java opens second Kigali eatery in Sh1bn expansion

Restaurant chain Java House Africa has opened another branch in Kigali, its second in Rwanda, as the firm intensifies its billion-shilling growth plan for...

Tullow starts search for Kenya oil buyers

British oil exploration company Tullow has started the search for buyers of Kenya’s small-scale crude petroleum exports ahead of the first shipment expected in...

It’s finished: Ebrahim Supermarket owner throws in the towel

It’s a Monday morning at the Ebrahim Electronics shop next to Sarova Stanley Hotel. Ebrahim Nurali, the founder of Ebrahim Supermarket, sits pensively at...

Korean Sh10bn Konza university to open in 2021

South Korea will spend Sh10 billion to set up Kenya’s first graduates-only information technology university on a 22-acre plot at Konza Technopolis, Machakos. The institute,...

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...