BUSINESS NEWS

Kenya Airways has submitted a formal bid to the Kenya Airports Authority (KAA) seeking approval to take over management of Nairobi's Jomo Kenyatta International Airport (JKIA). KAA managing director Jonny Andersen says the agency will review the application and grant Kenya Airways the request if it…

Kenyans transacted a record Sh2 trillion through mobile money transfer platforms in a period of three months. In a report, the Communications Authority of Kenya (CA) says Kenya's mobile cash transaction value hit above Sh2 trillion between the month of July and September 2018. Within the period…

Chinese fish being sold in the Kenyan market have been found to contain toxic compounds that are harmful to human health. A laboratory test commissioned by The East African Newspaper has revealed that samples of fish imported from the Asian country are contaminated with heavy metals, hence unsafe…

Kenyan retail chain, Nakumatt has announced re-opening of Nakumatt Mega branch on Nairobi's Uhuru Highway. The retailer, which is currently under administration, exited the space in September and space was occupied by Ivory Lifestyle clothing store. The Nakumatt Mega branch is set to be the…

The National Environmental Management Authority (Nema) has issued a notice for the closure of Nairobi's popular goat slaughterhouse, Kiamaiko. The Star reports that the agency has issued a one-year notice to traders to vacate the famous market, saying that it doesn't meet the set environment and…

Kenyan online shoppers can now pay for products purchased from Amazon using the Kenyan shilling, the giant American electronic commerce company has announced. The Washington-headquartered firm says that shoppers who choose to use Kenyan shillings to pay for items purchased will not be required to…

The Central Bank of Kenya (CBK) on Friday unveiled Kenya's new-look coins that conform to 2010 constitutional requirements. The new generation currency coins were launched by President Kenyatta at CBK headquarters in Nairobi. “The new coins, which are now legal tender, were issued today via a…

Two rich Kenyan families, the Kenyattas and the Ndegwas are set to form Kenya's third largest bank following the announcement of a possible merger of Commercial Bank of Africa (CBA) and National Industrial Credit Bank (NIC). If successful, the merger will create the third-largest lender by assets…

Transport and Infrastructure Cabinet Secretary James Macharia has announced plans by the government to ban 14-seater matatus from Kenyan roads. Macharia says the government has procured 11 commuter trains and 64 high-capacity buses as part of plans to phase out the 14-seater Public Service Vehicles…

Passengers flying Kenya Airways' flights are now allowed to choose their preferred seats in Economy Class, the national carrier has announced. Kenya Airways says the new product aims at improving the guests’ travel experience and will allow travelers reserve a seat with an extended legroom for a…