BUSINESS NEWS
Kenya Airways Launches Historic Direct Flights from Nairobi to London’s Gatwick Airport
In a significant move to strengthen travel and trade ties between East Africa and the United Kingdom, Kenya Airways (KQ) has officially launched direct...
Moja EV And GreenMax Capital Group launch electric car financing scheme for Uber drivers
GreenMax Capital Group has collaborated with Moja EV to initiate a pilot program for financing electric vehicles (EVs) aimed at Uber drivers.
Backed by concessional...
Report: Full-time employment declines in Kenya as business ownership grows by 7%
A recent report has indicated a 7% rise in business ownership in Kenya for 2025, while full-time employment as the main source of income...
G4S and Ola Energy are the latest companies in Kenya to announce job cuts.
Ola Energy, an oil marketing company, has revealed plans to reduce its workforce in Kenya as part of a restructuring initiative aimed at enhancing...
Absa Bank Sets Standard as Top Employer for Fourth Straight Year
Absa Bank Kenya has once again been recognized as Africa’s leading employer by the esteemed Top Employer Institute, marking the fourth consecutive year of...
US Postal Service Implements Parcel Ban on China Shipments
The United States Postal Service (USPS) has announced that it will no longer accept packages from mainland China and Hong Kong until further notice.
According...
KPLC posts Sh9.9bn half-year net profit
Kenya Power has announced a net profit of Sh9.9 billion for the six months ending December 2024, marking a significant rebound in profitability since...
Kenyas Economic Outlook Brightens as Moodys Upgrades Credit Rating To Positive
Moody's, the global ratings agency, upgraded Kenya's outlook from "negative" to "positive" on Friday, highlighting a potential reduction in liquidity risks and an improvement...
Kenya Cracks Down on Cryptocurrency Regulation, Requires Local Offices
Kenya is introducing a series of regulations that mandate cryptocurrency firms operating within its borders to establish local offices as part of the government's...
The End of Era: CMC Motors Group Closes Doors in Kenya, Uganda and Tanzania
CMC Motors Group has declared its intention to cease operations in Kenya, Tanzania, and Uganda, marking the conclusion of over four decades of business...
