After less than a two-hour drive from Nairobi, we are met by a sea of purple…
Category: Business News in Kenya
Treasury CS Ukur Yatani to unveil Ksh3.6 trillion budget on Thursday
As the country prepares to unveil its Ksh.3.6 trillion budget on Thursday this week, the country’s…
Kenyans against the wall as State loads high taxes on fuel products
Fuel appears to be the cash cow that gives without relenting to the government. Petroleum products have been a…
App taxis face tough times as costs soar
It is Monday morning. Most investors in the digital application taxi business are eagerly waiting for a notification…
Safaricom pays $850m (92 billion) telecom licence fee to begin operating in Ethiopia
Safaricom consortium has paid the $850 million( KShs. 92 billion at current exchange rates) licence fee…
World Bank injects Ksh.2.5 billion to Mombasa LPG project
The World Bank private financing arm, the International Finance Corporation (IFC), will inject Ksh.2.5 billion towards…
Devki Group drops bid to lease Mumias Sugar Company
Devki Group of Companies has withdrawn its bid to lease the troubled Mumias Sugar Company. In…
Backyard Shoez apologizes for ‘sub-standard’ products
Kenyan shoe brand Backyard Shoez has been forced to apologize after a series of complaints from…
Equity denies receiving State’s missing Sh493m
The fate of Sh654.3 million the State says it lent Equity Bank is unknown after the…
After Safaricom, Kenyan lenders angle for Ethiopia’s 120m market
Safaricom’s grand entry into Ethiopia has bolstered hopes of Kenyan banks gaining a foothold in the country’s market of 120 million people…