Latest Business news in Kenya and political news from Kenya

SportPesa Licensed to Operate by the BCLB

"We are in receipt of our licence BCLB no. 0000448 valid up to June 30th, 2023," SportPesa noted in new communication seen by Business Today. SportPesa was among at least 97 firms which, as of July 1st, had failed to have their licenses renewed by the BCLB.

Karauri Addresses Alleged Kenyatta Family SportPesa Grab

Itumbi had claimed that the company's operational license had been awarded to a member of the Kenyatta family in what he described as 'a clear théft of intellectual property'. Besides the post by Itumbi, unverified reports have been widely circulated across social media claiming that the Kenyatta family was involved in a plot to take over key SportPesa assets.

NMG Half-Year Profit Slides to Ksh247 Million

NMG attributed the decline in profitability to factors including a 'drastic' rise in the global prices of newsprint paper, disclosing that the costs were up over 100% compared to the previous year. The company also cited the weakening of the Kenyan shilling against the dollar driving up the cost of imported raw materials.

Joanne Mwangi-Yelbert Appointed New KTB Chairperson

President Uhuru Kenyatta appointed Ms Joanne Mwangi-Yelbert as Chairperson of the Kenya Tourism Board (KTB)for a three-year term via gazette notice dated July 5,...

End of the NMS Era as Sakaja Takes Over City Hall

The four core functions of the county which the NMS took over are health services, transport services, physical planning and development and public works, utilities and ancillary services.

CNBM Ranked 196th on Fortune Global 500 List 2022

While pursuing high-quality development, CNBM will stick to its core concept of “making use of resources to serve the construction” practice its corporate responsibility of “creating a wonderful world with materials”, and strive to offer more high-quality products and services.

The Real Housewives of Nairobi: Global TV Franchise Comes to Kenya

The shows will be produced as part of the licensing partnership between NBC Universal Formats and MultiChoice Group - the African entertainment giant behind pay TV services DsTV and GoTV as well as streaming platform Showmax.  NBCUniversal Formats is the International Sales division for all Formats created within the production and broadcast divisions of NBCUniversal.

Inside President-elect Ruto’s Multi-Billion Shilling Business Empire

He has built a massive empire spanning sectors including hospitality, real estate, agriculture and insurance. He has also previously disclosed assets including stocks in various Nairobi Securities Exchange (NSE)-listed firms and land parcels.

President-Elect William Samoei Ruto It Is

Ruto received 50.49% of the vote, a total of 7,176,141 votes, defeating Azimio la Umoja Candidate Raila Amolo Odinga - a former Prime Minister and veteran opposition leader who was making his fifth stab at the Presidency. Odinga received 6,942,930 votes representing 48.5% of the vote.

KU Sends Home Vice-Chancellor Prof. Wainaina

An internal memo from acting Vice-Chancellor Waceke Wanjohi informed staff and students of Wainaina's dismissal. It further told them to disregard any directives from the former Vice-Chancellor.