Business

Chairman, of Budget and Appropriations Committee, National Assembly Ndindi Nyoro  stated that Kenya’s economy is experiencing consistent growth, with the GDP expanding by over 5.5% last year and expected to surpass 5.7% this year. This growth positions Kenya at the 28th spot among the world’s fastest-growing economies. Nyoro highlighted the …

Kenya’s national carrier, Kenya Airways, is optimistic about securing an equity investor by the year’s end. Allan Kilavuka, the airline’s CEO, has noted significant interest from potential investors. In an exclusive interview with a local media, Kilavuka expressed confidence that the infusion of capital could revive the airline’s profitability. ALSO …

Electricity losses at Kenya Power have surpassed the threshold set by the Energy and Petroleum Regulatory Authority (EPRA), highlighting ongoing challenges faced by the utility company. The elevated losses, attributed to illegal connections and inefficiencies in transmission systems, are anticipated to impact the company’s revenue stream significantly. Recent data reveals …

Media personality Betty Kyalo recently shared her challenges navigating the business landscape in Kenya, following the distressing situation she faced with her Flair by Betty salon. Kyalo revealed that her salon faced auction due to rent arrears, shedding light on the harsh realities many businesses encounter amidst economic hardships. In …

The inflation rate in March hit a two-year low of 5.7 percent, a significant drop from February’s 6.3 percent and January’s 6.9 percent, primarily driven by reduced prices of food items, fuel, and electricity. According to the Kenya National Bureau of Statistics (KNBS), price adjustments in essential categories such as …

The National Transport and Safety Authority (NTSA) has taken action to suspend the operating licenses of two transport companies due to non-compliance with speed regulations mandated by law. In an announcement made by Director General George Njao, Bungoma Line Safari Ltd and Smart Highways Sacco Ltd have been found in …

Kenya Airways (KQ) and Precision Air are seeking an extension of a special waiver granted two years ago, allowing them to collaborate and share revenues on routes covered by a joint venture agreement. The Competition Authority of Kenya (CAK), in its latest report covering the financial year ending June 2023, …

In Karatina town, Nyeri, five prominent hotels have been closed as part of an intensified crackdown on alcoholism. The closures come just a day after President William Ruto’s visit to the county, where he reiterated the government’s commitment to eradicating alcohol and substance abuse. READ ALSO: Why Shanzu Court Declared Shisha …

The government has reported a substantial surge in visitor arrivals since the implementation of the visa waiver policy, according to Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi. Mudavadi revealed that the volume of visitors between January and March nearly doubled compared to the same …

MultiChoice Kenya Limited, the pay television service provider, has announced an increase in DStv subscription rates by up to six percent, marking the third adjustment in a year. This move impacts households and businesses, adding strain to entertainment budgets. Effective April 1, the DStv Premium package will witness the most …