Public officials charged with corruption offences stemming from American-funded projects and investments in Kenya will be…
Category: Business News in Kenya
Safaricom reveals plan to set up smartphone factory
Safaricom has revealed that it is setting up a factory in Kenya, which will assemble between…
Why Total and Africa Oil abandoned Kenya’s oil project
Two joint partners in Kenya’s quest for oil in Turkana have quit the project, exerting new…
Banks’ debt freeze on Nock cripples plan to import fuel stocks
Commercial banks’ decision to suspend credit lines to the National Oil Corporation of Kenya (Nock) has…
KRA lays ground for fresh clampdown on tax reliefs
Tax reliefs and incentives cost the Kenyan government Sh620.5 billion in revenues in the five years…
Shilling hits historic low as fuel deal fails to stop slide
A government-backed deal to import fuel on credit has failed to stop the depreciation of the…
Kenya, Uganda source for funds to revive SGR project
Kenya and Uganda will seek an alternative financier for Standard Gauge Railway (SGR) project to connect…
Holland firm to offer corporate debt guarantees
Holland-based fund manager Cardano Development has announced plans to establish a corporate debt guarantee company in…
Murang’a Creameries sinks Sh1.5bn dream
The Sh300 million Murang’a County Creameries (MCC) that was the hallmark of former governor Mwangi wa…
Sri Lankan Browns buys multinational tea firm James Finlay
Sri Lankan firm Browns Investment Plc has bought an undisclosed stake in multinational tea firm James…