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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.

KenGen Bags Ksh709M Djibouti Contract

The deal worth Ksh709,822, 630 (USD 6,452,933) was signed in Djibouti with Office Djiboutien De Development De lenergie Geothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG) in a ceremony attended by Energy Cabinet Secretary Charles Keter, Djibouti Minister for Energy, Yonis Ali Guedi and KenGen CEO Rebecca Miano among other high-ranking officials.

Standard Group’s External Auditor Resigns Amid Management Shake-up

The disclosure came as the firm continues to effect major changes to its management team and structure.

Safaricom to Pay Out Ksh18B in First Ever Interim Dividend

Explaining the decision, Safaricom stated: “This is in recognition of the company’s solid half-year performance and to support our shareholders during these difficult economic times occasioned by the Covid-19 pandemic.”

Skyward Express Launches Ksh3950 Nairobi-Malindi Flights

The airline will operate its state of the art Dash8 q100 with a seating capacity of 37 passengers. Skyward Express fares from Nairobi, Wilson Airport to Malindi, Malindi Airport will start from KES 3,950 (including taxes).

Kenya Power to Install Solar Panels as Consumers’ Shift Threatens...

Many consumers have sought to install solar to avoid high power costs by KPLC as well as constant black-outs. Now, the state-owned firm is keen on getting a piece of the pie.

Safaricom, Airtel, Telkom Join Forces to Launch New Portal

The authority together with the telecommunication companies Safaricom, Airtel, Telkom Kenya, Jamii Telecommunication Ltd and the Global System for Mobile Communications (GSMA), launched the interactive portal with the aim of creating a safer online environment especially for children.

Absa Plots Ksh1.6B Tech Investment as Bank Celebrates One Year in...

Among other things, the bank plans on introducing an instant loan top-up service allowing borrowers to take on more debt at the touch of a button provided they meet certain requirements.

Inside Betty Kyallo’s Ksh800-a-Haircut Barber Shop [VIDEO]

She had revealed how she chose to open a barber shop after noticing that men made up almost 60 per cent of her ardent following.

1,364 Sent Home at Sasini Despite Annual Profit Jump

Of the company's agricultural operations, tea was the hardest hit in terms of job cuts.

World Logistics Passport Cuts Traders’ Shipping Costs by 25%

The WLP creates opportunities for business across Africa, Asia, Central, and South America to improve existing trading routes and develop new ones.