Business News Archives - Page 2 of 136

Treasury to tap into Taxpayers Money to Clear KES 104B State Loans

October 13, 2021

Breaking News, Briefs, Business News, Featured, Investment

The Treasury has revealed that it will tap into taxpayers money to bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion. The loans pose potent... Read More...

KAA to build Fuel Depot at Kisumu Airport

October 13, 2021

Breaking News, Business News, Featured

The Kenya Airport Authority (KAA) has invited bidders for the construction and management of a 100, 000-litre fuel depot at the Kisumu International Airport. Construction of the depot comes at a time when mo... Read More...

Bayer Partners with Lachlan Kenya to distribute Premium Termiticide

October 12, 2021

Breaking News, Briefs, Business News, Featured, Main Slider

Nairobi, Kenya, October 12, 2021 - Bayer SouthEast Africa through its Environmental Science subdivision has partnered with Lachlan Kenya Limited, a subsidiary of Unifert, to distribute Premise 200SC, a premium ... Read More...

Kilifi Duo Win 2021 Young Scientists Kenya National Science and Technology Exhibitions

October 12, 2021

Breaking News, Briefs, Business News, Featured, Main Slider

Nairobi, Tuesday 12th October 2021... Sabrina Chepkemoi and Marrieta Halima of St. Thomas Girls Secondary School in Kilifi County have been crowned Young Scientists of the Year for the best innovation at the ... Read More...

Centum Shuts Down Shared Services Division

October 12, 2021

Breaking News, Briefs, Business News, Featured

Centum Investment Group has shut down its shared services division as part of its cost-cutting plan. This will further see staff members sent home. Centum chief executive James Mworia told Business Daily ... Read More...

Safaricom to Pay Former Managers Kshs7.2M

October 12, 2021

Breaking News, Business News, Featured

Safaricom has been ordered by the Employment and Labour Relations Court to pay two former Safaricom senior managers Sh7.2 million for wrongful dismissal. Justice James Rika said the termination of Charles ... Read More...

WorldRemit Projects Increased Remittances on Festive Season

October 12, 2021

Breaking News, Business News, Featured, Investment

WorldRemit now projects that Kenyans living and working abroad will send home more money as schools reopen and the approaching December festive season. This is after a slight drop in the month of August. ... Read More...

Absa Auctions Cars Linked to Itare Dam Scandal

October 12, 2021

Breaking News, Briefs, Business News

Absa Bank Kenya has put up for auction over 40 vehicles purchased by a bankrupt Italian firm. The cars were for use in the construction of the controversial Itare Dam in Nakuru over a Sh585 million loan. ... Read More...

EABL to rely on Long Term Borrowings for Liquidity

October 12, 2021

Breaking News, Briefs, Business News

East African Breweries Plc (EABL) will now rely on long-term borrowings to fund its capital expenditure. This move will improve its liquidity. The company has several multi-billion-shilling loans due with... Read More...

World Bank Projects Kenya Economic Growth at 5 Percent

October 8, 2021

Breaking News, Briefs, Business News, Investment

The World Bank now projects Kenya's economic growth for the current financial year to be at five percent from 4.5 percent projected in June. The positive outlook is attributed to improvements in the construc... Read More...