BUSINESS

KenGen Revives Plan to Produce Power From Nairobi Dumpsite
KenGen on Tuesday, November 24 reiterated its commitment to generate power from Nairobi’s biggest dumpsite in Dandora as part of
Kenya Takes Another Emergency Loan For Covid-19 Response
International Monetary Fund (IMF) has approved Kenya's request for a three-and half-year emergency loan to address the next phase of
Court Orders Liquidation of AMACO Insurance
The High Court has ordered the liquidation of Africa Merchant Assurance Company Ltd (AMACO). In her ruling, Justice Margaret Muigai
Gov’t Clears SportPesa to Resume Operation
The Betting Control and Licensing Board has cleared betting company SportPesa to resume operation under Milestone Games Limited Company. In
Company Fires 719 Employees Amid Tough Economic Times
Kericho-based tea factory, James Finlay Tea, on Friday, November 20 announced that it will be laying off over 700 employees
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Tuju Escapes Auction Over Ksh1.6B Debt
Jubilee Secretary-General Raphael Tuju can temporary breath a sign of relief after the Court of Appeal on Friday, November 20
All M-Shwari Service to be Unavailable For Two Days
All M-Shwari services will be unavailable for two days beginning Friday, November 20 to Sunday, November 21, NCBA has announced.
Waiguru Faces Eviction From Luxurious Kitusuru Home Over Ksh44.5M Rent
Kirinyaga Governor Anne Waiguru is facing eviction from her Kitisuru home in Nairobi over a Ksh44.5 million rent. This after
Relief for Sportpesa as Court Lifts Ban
Kenya's giant betting firm Sportpesa can now breathe a sigh of relief after the High Court lifted a preservation order
Telkom Kenya Reviews Its Data Bundles Offering
Telkom Kenya has reviewed its daily, monthly and unlimited home plan data bundles for its pre-paid customers. Telkom Kenya Marketing
SafeBoda Exits Kenya, Leaves Customers With Unused Credits
Boda Boda service company, SafeBoda has announced that it is quitting Kenyan market effect Friday, November 27. In a statement
New Prices of Petrol, Diesel and Kerosene Across Kenyan Towns as Cost Drops
Motorists across the country can now breath a sigh of relief after the Energy and Petroleum Regulatory Authority (EPRA) on
Four Companies Apply to Import Covid-19 Drug
A total of four foreign pharmaceutical companies have tendered their application to the Kenya Pharmacy and Poisons Board (PPB) to
Badi Bans Display, Sale of Flowers on CBD Walkways
Nairobi Metropolitan Services (NMS) Director General Major Mohamed Badi on Friday, November 13, banned florists from displaying and selling flowers
Effects of Covid-19 Pandemic Felt as Equity Bank Announces Reduced Profit
Days after Safaricom announced a drop in net profit for the third quarter, Equity Bank has followed suit. And with
Standard Chartered Bank Fires 200 Employees
Standard Chartered Bank Kenya has laid off over 200 employees as Covid-19 continues to hit hard businesses and livelihood. Employees
Bad News for Guinness Lovers as Company Recalls New Products After Fears of Contamination
A new alcohol-free Guinness product line is being recalled across because of potentially unsafe 'microbiological contamination' . The company said
Safaricom Posts Rare M-Pesa Revenue Drop
Safaricom has registered a six per cent drop in its half-year profit to Sh33.07 billion as compared to last year.
Kenyans to Receive Ksh2 Million Reward For Reporting Tax Crimes
Kenya Revenue Authority (KRA) to reward whistle blowers of tax crimes Ksh2 million. This is after President Uhuru Kenyatta on
Safaricom Launches Advertising Platform For Small Businesses
Safaricom has launched a new Skiza Advertising platform for the Small and Medium Enterprises (SMEs) to advertise their services. To
EPRA Denies Approving 20% Electricity Bill Hike
The Energy Petroleum and Regulatory Authority (EPRA) on Thursday, November 5, denied approving Kenya power's application to raise power prices.
DCI Investigating SportPesa Over Suspected Fraud
Directorate of Criminal Investigations (DCI) is now investigating giant betting company SportPesa over suspected fraud. In an application filed at
Gov’t Risks Losing Ksh360B in Stalled Projects Due to Political Differences
Kenya risks losing over Ksh360 billion in stalled projects across the country due to political differences. The auditor-general Nancy Gathungu
Joy for Gamblers as SpotPesa Resume Operations in Kenya
Just a year after quitting the Kenyan market, giant betting company Sportpesa has announced its return to the country. Through