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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.

Safaricom Crowned Kenya’s Top Taxpayer After Forking Out Ksh98B in 2020

In FY20, Safaricom paid Kes98 billion in duties and taxes, in addition to Kes20 billion in dividends to the Government of Kenya. Over the same period, Safaricom sustained more than one million jobs directly and indirectly and spent Kes58 billion with local suppliers.

Women Owned SMEs to Reap Big From Equity’s Newly Signed SME...

Women-owned and led SMEs and the youth can access the funds through the Equitel menu, Equity branches, Eazzy Banking app, and through the USSD code by dialing *247#.

Inspired by Uber Drivers, M-Pesa Agents Want Perks & Recognition as...

Forced to review its relationship with over 70,000 drivers in the UK, Uber announced on Tuesday March 16 that its drivers in the country would be reclassified as workers -  entitled to minimum wage, vacation time, and a pension. In UK employment law, the "worker" classification affords benefits only falling short of the "employee" classification.

Why Hotels Are Doomed for the Next 3 Years

The Corona Virus outbreak particularly imposed major losses in the hotel industry following stringent measures such as lockdown rules and travel bans. This resulted in thousands of cancelled vacations and closed hotels in the first half of 2020. 

Eveready Taps Sameer Executive as Acting Managing Director

Masaki joins the loss-making battery manufacturer from Sameer Group, where he was the Finance Manager. He will perform as Acting MD pending the appointment of a substantive Managing Director by the board.

Auctioneers’ Desperate Search for Buyers in Newspapers Reveals Kenyans’ Struggles

A keen look at the auction notices tells a deeper story. Auctioneers are struggling to find buyers leaving them stuck with re-possessed properties, with harsh economic times meaning that fewer Kenyans are willing or able to acquire the repossessed vehicles, land, buildings and office equipment

Carrefour Expands in Uganda With New Naalya Store

Commenting on the launch, Franck Moreau, Country Manager of Carrefour Uganda and Kenya at Majid Al Futtaim Retail explained that Carrefour’s underlying aim is to offer Ugandan shoppers the best products and widest range at the most affordable price.

Rubis App Eases Pain of Hiked Fuel Prices

Users of the application will be able to easily perform different functions through such as locate any RUBiS station countrywide, purchase K-gas and accessories for home delivery, purchase airtime, pay utility bills and make purchases at RUBiS Express and Brioche.

Irreplaceable CEO? Lancet Appoints 3 People to Take Over from Kalebi

Kalebi's official title was Group Managing Director, CEO and Chief Consultant Pathologist - highlighting the different roles he took on at the organization. The roles will now be split between Mwende Musunga as Group CEO, Matthieu Goge as Group Managing Director and Dr. Charles Wahome as Chief Consultant Pathologist.

KTDA to Pay Tea Farmers 5 More Shillings

The inquiry will look into the alleged statutory and regulatory compliance breaches allegedly committed by KTDA and its directors, including potential price and auction manipulation, abuse of dominance, insider trading, wastefulness and breach of directors' fiduciary duties.