Business

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Business highlights – May 2, 2018

Airports see increase in passenger numbers The Kenya National Bureau of Statistics has noted that the number of international passengers in transit at the country’s airports increase by 3.5% from

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Afternoon business highlights – May 1, 2018

Deacons East Africa posts Ksh823.2 million loss Deacons East Africa has posted an operating loss before taxation of Ksh823.2 million for the FY ended December 2017 versus a loss of

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Business highlights – May 1, 2018

Buildexpo Africa slated for Thursday The largest construction expo in Kenya is scheduled for this weekend and has attracted exhibitors from more than 40 countries.The expo dubbed Buildexpo Africa will

IGAD commissions development of regional infrastructure master plan

The journey towards achieving the formulation of an infrastructure strategic framework, and its concomitant financing strategy, for the IGAD region started today with the signing of a contract to undertake

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Afternoon business highlights – April 30, 2018

Local startup secures Ksh860 million investment for regional expansion Africa’s Talking, a Kenya-based tech startup, has closed an $8.6 million (Ksh860 million) equity investment from the International Finance Corporation, Orange

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Business highlights – April 30, 2018

Kenya’s MGT to receive Ksh4.8 billion from International Finance Corporation  Mombasa Gas Terminal Limited (MGT) is set to receive Ksh4.8 billion from the International Finance Corporation (IFC) to construct a liquefied

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Afternoon business highlights

Sh6 bn set aside for MPs, Senators trips The legislature has set aside sh6 billion for domestic and foreign travel expenses in the coming financial year. Senators will consume sh1.5

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Morning business highlights

Finlay to close Kericho farms At least 2000 jobs are at risk following the announcement by horticultural giant James Finlay that it would close Kericho flower farms. The firm attributes

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Afternoon business highlights – April 26, 2018

Tourism sector netted Ksh120 billion despite election jitters The tourism sector showed resilience in 2017 despite a prolonged electioneering period and travel advisories issued by some countries. According to the

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Business highlights – April 26, 2018

Government spending on roads to hit Ksh198.4 billion The National Government’s spending on roads is expected to increase by 14.2% to Ksh198.4 billion in 2017/2018 from Ksh173.7 billion in 2016/2017.