DECEMBER 9, 2022
BusinessNews

Kenya Airways Records First Operating Profit in Seven Years

Kenya Airways celebrates a significant milestone as it reports its first operating profit in seven years, marking a turnaround in its financial performance. Despite challenges posed by the Covid-19 pandemic, the airline saw a surg...

BusinessNews

Kenya Lifts Sanctions on Tanzania: Advancing Barrier-Free Trade Relations

Kenya announces the lifting of 56 sanctions on Tanzania, marking progress in fostering barrier-free trade between the two nations. Learn about the key agreements reached, including the resumption of tea exports and harmonization o...

Business

EABL Pledges KShs 190 Million for Water Tower Restoration in Kenya

Learn about EABL's commitment of KShs 190 million for the restoration of water towers in Kenya to combat climate change, reduce carbon emissions, and alleviate water scarcity, in alignment with national conservation strategies and...

BusinessNews

Losses and Significant Concerns as Kenyan Shilling Recovers Against the Dollar

Explore the recent appreciation of the Kenyan shilling against the dollar and its implications on diaspora remittances, Central Bank policies, and overall economic stability. Learn about factors contributing to the shilling's stre...

BusinessGreeneye

Small Plot, Big Returns: Profitable Farming Businesses on Limited Land in Africa

Explore the fertile grounds of Kenya's agricultural landscape and discover a wealth of lucrative opportunities in lettuce farming, mushroom cultivation, dania cultivation, garlic farming, fish farming, poultry farming, and passion...

wingustore
Business

Best online platforms for selling products in Africa Kenya. 

Discover the explosive growth of Kenya's e-commerce market, set to reach $6.8 billion by 2025. Driven by increased internet access, a growing middle class, and mobile tech advancements, Kenya's digital shopping landscape is evolvi...

BusinessNews

Motorists Welcome Relief as Prices of Super Petrol and Diesel Drop by Ksh.7 and Ksh.5 Respectively

EPRA announces a reduction in fuel prices for Super Petrol, Diesel, and Kerosene in its latest monthly review. Effective from March 15th to April 14, 2024, the new prices reflect changes in global oil markets and include VAT as pe...

BusinessNews

KQ to Boost New York Flight Frequency to Nine Weekly Trips for the Summer Season

Kenya Airways announces an increase in weekly flights to New York City, from seven to nine, during the summer season. This expansion aims to meet rising travel demand, boost tourism, and provide travelers with enhanced options. Pa...

BusinessNews

Airbnb prohibits the use of indoor surveillance cameras in short-term rentals

Airbnb announces a ban on indoor surveillance cameras in rental properties worldwide, prioritizing guest privacy. The policy change comes amid safety concerns, prompting regulatory reviews in Nairobi and urging property registrati...

BusinessNews

Government initiates sale of Sunset Hotel and four other State-owned hotels in a privatisation deal worth Sh671 million

The government of Kenya has initiated the sale of its ownership stake in five hotels, including Kenya Safari Lodges, Mt Elgon Lodge Limited, Golf Hotel Limited, Sunset Hotel, and Kabarnet Hotel. The Privatisation Authority has cal...

BusinessNews

Kenya Revenue Authority (KRA) and Kenya Breweries Entangled in a Ksh 12 Billion Tax Dispute

Kenya Breweries Limited (KBL) and the Kenya Revenue Authority (KRA) are entangled in a tax dispute, with KBL owing KRA Sh12.037 billion by the end of the 2022/23 financial year. The dispute involves tax abandonment under President...

BusinessNews

Kenya and South Korea collaborate to generate employment opportunities at Konza

Kenya and the Republic of Korea collaborate in the third year of the Economic Innovation Partnership Programme (EIPP) at Konza Technopolis. Focused on innovation and economic growth, the initiative supports Kenya's Vision 2030 goa...

BusinessNews

Disagreement Arises Between State and Transporters Regarding EAC Vehicle Load Regulation

A dispute emerges between transporters, shippers, and the government over the enforcement of the East African Community Vehicle Load Control Act, 2016, limiting the height of vehicles. Kenya's National Highways Authority is implem...

Business

Uber Introduces High-End Service for Kenyan Market

Explore the future of the taxi industry in Kenya as Uber introduces its premium offering, Uber Comfort. While luxury cars like SUVs and high-end brands may not be in immediate demand, Uber aims to cater to discerning passengers wi...

Business

Ali Kiba’s Media Empire: Crown Media Unveiling and Artist Collaboration Philosophy

Explore Tanzanian icon Ali Kiba's foray into the media world with the launch of Crown Media, featuring Crown TV and Crown FM. Delve into his personal journey, the transformative role of media, and Alikiba's unique artist collabora...

central bank
Business

Kenya’s Central Bank Expands Digital Credit Landscape with 19 New Licenses

Explore the latest development as the Central Bank of Kenya grants licenses to 19 additional digital credit service providers, intensifying competition in the industry. Learn about the regulatory collaboration, consumer protection...

Business

Universal Music Group Acquires Majority Stake in Mavin Global: Key Move in Afrobeats Scene

Learn about Universal Music Group's acquisition of a majority stake in Mavin Global, a leading Nigerian record label founded by Don Jazzy. Explore the strategic partnership, its implications for the Afrobeats scene, and the vision...

Business

Quickmart inaugurates its 60th branch in Narok town

Explore the latest addition to Kenya's retail landscape as Quickmart opens its 60th store in Narok town. Chief Marketing Officer Betty Wamaitha emphasizes the commitment to providing a unique shopping experience, high-quality prod...

BusinessNews

Kenyans abroad remitted a historic amount of Sh60 billion in January

In January 2024, Kenyans in the diaspora utilized the DhowCSD platform for local bond investments, resulting in a record-breaking remittance of $412.4 million (Sh60.15 billion). This marked a 10.7% increase from December 2023 and ...

BusinessNews

Kenyan shilling sees its most significant daily increase in 12 years.

The Kenyan shilling's recent surge against the US dollar, driven by increased investor confidence following a successful Eurobond settlement, marks its strongest performance in 12 years. This appreciation is set to impact import e...



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