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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Postal Corporation of Kenya Inks Co-operation Deal With Somaliland Postal Services

The Postal Corporation of Kenya (PCK) has signed a Memorandum of Understanding (MoU) with the Somaliland Postal Services to explore cooperation in the areas...

Family Bank Profit Before Tax Jumps To Sh1.1B

 Family Bank has recorded a Ksh1.05 billion Profit Before Tax for the first three months of 2022, marking a 43.7% growth in earnings up...

Last Minute Alcohol Policy Change Throws World Cup In Disarray

Alcohol had initially been permitted to be served in "in select areas within stadiums", despite its sale being strictly controlled in the Muslim country, but that reprieve was withdrawn just two days to the tournament.

Shelter Afrique Launches Housing Affordability Calculator

Pan- African housing development financier Shelter Afrique, through its research and policy formulation arm, Centre of Excellence (CoE), has launched a ‘Housing Affordability Calculator’...

Equity Diaspora Remittance Cash Hits Ksh383.5 Billion In 2021

Equity Group grew the volume of diaspora remittances it processed by 39 percent in 2021 compared to the corresponding period in 2020, leveraging on the growing popularity of...

Hundreds to Descend on Nairobi for Digital Rights Forum

The organization’s Partnerships and Engagements Manager, Ms. Thobekile Matimbe said the forum is a critical platform where conversations on digital policy in Africa are shaped, policy directions debated, and partnerships forged for action.

Eldoret Businessman Charged With Evading Ksh65 Million Tax

An Eldoret-based company and its director have been charged before Eldoret Law courts with counts relating to fraudulent evasion of payment of taxes amounting...

New Company Takes Over Airtel Money Operations In Kenya

Airtel Kenya has announced the separation and transfer of the Airtel Money business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited, a...

Longhorn Joins Long List of Kenyan Companies Entering DRC

“We are confident that the entry to DRC will give us access to a market of over 20 million learners which will have a significant impact on improving our shareholder returns in the future,’’ stated Longhorn Chief Executive Maxwell Wahome.

Travel Recovery Rebuilding Airlines’ Profitability

Strong pent-up demand, the lifting of travel restrictions in most markets, low unemployment in most countries, and expanded personal savings are fueling a resurgence in demand that will see passenger numbers reach 83% of pre-pandemic levels in 2022.