BUSINESS NEWS

Kenya Airways has announced it will launch direct cargo flights to the United States on December 1st. Kenya Airways Chief Executive Officer Sebastian Mikosz said the airline is still waiting for further approvals from customs, agriculture and medical authorities for it to commence direct cargo…

A city businesswoman has launched an online taxi hailing service in Nairobi exclusively for female customers. Entrepreneur Mehnaz Sarwar has unveiled an online taxi application dubbed An Nisa, which will only recruit women drivers and carry females only. The move comes amid rising concerns over…

Kenya Airways (KQ) has received an authorization letter allowing it to commence direct flights to the United States. The letter was officially presented by the outgoing American Ambassador to Kenya Robert Godec on Thursday in a ceremony attended by Transport Cabinet Secretary James Macharia among…

Kenyans of Indian descent have returned more than 13 billion shillings that was hidden in foreign accounts. The affluent Kenyans are taking advantage of the tax amnesty on assets stashed abroad announced by Treasury Cabinet Secretary Henry Rotich last year and extended earlier this year. The Times…

Ekeza Savings and Credit Cooperative Society will know its fate in three months time, Commissioner of Co-operatives Mary Mungai says. Ms Mungai said a verdict will be given after liquidators complete their work even as her agency prepares refunds to members who had saved Sh50,000 and below. She…

United Arab Emirates (UAE) has been named the fastest growng destination for Kenyan travellers in the last 12 months. An analysis carried out by Travelport - one of the world's leading travel commerce platforms -  showed that the UAE recorded the highest increase of flight bookings from Kenyan…

The number of wealthy Kenyans investing outside the country has increased, with most of them putting their cash in foreign-backed mutual funds. Paul Njoki, the head of Standard Chartered Bank's wealth management in Kenya and East Africa says rich Kenyans now prefer investing abroad due to the risks…

The Chinese government has reportedly declined to finance the construction of Standard Gauge Railway (SGR) line from Naivasha to Kisumu until Kenya proves its viability. China is reported to have faulted the project after the Kenyan delegation presented a blueprint of the project during the just-…

United States billionaire Bill Gates is seeking to link all Kenyan banks and mobile cash platforms through a single software platform. Through the Bill and Melinda Gates Foundation, Gates is seeking Central Bank of Kenya's (CBK) approval to launch a free software that will connect the banks thus…

President Uhuru Kenyatta has urged China to fund 50 percent of the cost of extending the Standard Gauge Railway (SGR) from Naivasha to Kisumu. During bilateral talks with Chinese President Xi Jinping on Tuesday, Kenyatta sought to have the cost of the 270-kilometre line between Naivasha and Kisumu…