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Business

114 posts

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ICT Innovation Exhibition For Youth

Mombasa and other coastal counties will host the third edition of Pwani Innovation Week (PIW) to create a widespread culture of innovation in the region.The inn...

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Chaos At A Coffee Farmers’ Meeting In Embu

Chaos on Friday erupted at Murue Farmers’ Cooperative Society in Embu, as rival coffee farmers groups engaged each other in a meeting called to chat the way for...

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KPA Obtains 1.9 Billion Tugboat For Marine Emergencies

Kenya Ports Authority has acquired a shilling 1.9 billion multipurpose salvage Tugboat to undertake rescue marine operations during emergencies.The Authority ha...

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Muranga Coffee Factories To get New Coffee Drying Beds

Coffee factories within Murang’a County are set to get new coffee drying beds within a period of eight months.Irungu Nyakera Foundation in partnership with Keny...

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Apple Hits Ksh. 300 Trillion Market Value

The Apple company will continue launching the best products on the market as it becomes the first company in the world to hit $3 trillion in market capitalizati...

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Nairobi -Kisumu Train Services commences

Kenya Railway has announced the commencement of the newly rebuilt Railway line en route Nairobi-Kisumu from Friday 17th December.Kenyans planning to travel fro...

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World Bank Backs services sector to lift Kenya's Economy

The World Bank is now backing up the service sector which is expected to increase economic growth in Kenya between 2022 and 2023.World Bank Country Director for...

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Kenya named an entrepreneurship hub for Africa

International chamber of commerce (ICC) Deputy Director for Global Partnerships and Development, Gabriel Petrus has announced that, Kenya will be an entrepreneu...

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KPA 18 MILLION US DOLLAR PROJECT

Mombasa port has received 18 million US dollars from the UK government to help enhance the smooth flow of goods and promote more business around the port.The U...

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Truckers claim SGR favored in cargo allocation

Road transporters have accused the state of being in favor of Standard Gauge Railway in Cargo allocation at the Mombasa port and now want the government to give...

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Meta launches tool for SMEs

Meta has announced that it is rolling out a tool to help Small and Medium Enterprises (SMEs) grow their businesses online.The tool dubbed 'Facebook Business Coa...

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"All Eyes on You" KRA to Social Media Tax Cheats

The taxman is eyeing rich Kenyans with a lavish lifestyle on social media but paying little or no tax. The Kenya Revenue Authority (KRA) Commissioner-General Gi...

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Market decline for pig farmers

Farmers in the country fear production of pork could face further decline due to increased costs on animal feeds.Data from the Kenya National Bureau of Statisti...

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New Economic Growth As Kenyans Transact Ksh3.068 Trillion On Mobile Money In Eight Months

Kenyans transacted Ksh3.068 trillion on mobile money between January and August 2020, amid Covid-19 pandemic. The amount reflects a seven percent growth compare...

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KENGEN to Build Commercial Data Centre in Efforts to Increase Revenue Streams

Kenya Electricity Generating Company (KENGEN) has embarked on a plan to set up a commercial data centre that will house servers, network and storage for interna...

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National Oil Unable To Account For Fuel Worth Ksh2.3 Billion

Cartels stole fuel worth Ksh2.3 billion in 2018 belonging to the National Oil Corporation of Kenya (Nock) thanks to the corporation’s poor record keeping, Audit...

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NCBA Bank To Retrench A Section Of Its Employees As Going Gets Tough

Less than a year since the NIC and CBA banks merged to form the NCBA bank, the new entity has announced plans to retrench a number of employees due to difficult...

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KRA Seeks to Collect KSh 5 Billion in Digital Taxes within Six Months

The Kenya Revenue Authority (KRA) is looking to collect Sh 5 billion in taxes from digital transactions within the next six months.Commissioner general Githii M...

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Giant Telco Safaricom PLC Records Ksh33 Billion Profit In Half a Year

Safaricom has recorded a Ksh33 billion profit in half-year financial results to September 2020, a six percent drop as compared to the same period last year.Publ...

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Connectivity In Narok At 84.9% As Last Mile Lights Up Rural Homes

Some 6,993 homes in Narok county have been connected to the power grid through the Last Mile connectivity programme since April 2016 when the first phase of the...