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Business news highlights

Hilton Hotel shuts CBD operations after 53-year stint

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Business Daily | by Brian Ngugi Nairobi’s iconic Hilton Hotel will close its doors indefinitely in December and lay off an unspecified number of workers,...
jomo kenyatta international airport, foreign travel, domestic travel

Airport workers plan strike over pay deal

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Business Daily | by Bonface Otieno A workers' lobby has issued a strike notice in protest against Kenya Airport Authority's failure to conclude and implement a...

Importers lose bid to register car number plates in yards

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Business Daily | by Philip Muyanga Importers of used cars have lost a court bid to stop a requirement that their vehicles be assigned registration...

Hyundai dealer to assemble locally

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Business Daily | by Elizabeth Kivuva Caetano, the local franchise holder of Hyundai and Renault cars, plans to start assembling the vehicles in the country...
safaricom plc

StanChart reveals Sh46bn loan for Safaricom Ethiopia licence

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Business Daily | by Victor Juma Standard Chartered Bank Kenya was one of the major banks that lent Safaricom a total of $400 million (Sh46.3...

StanChart spends Sh214m on retrenchment of staff

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Business Daily | by Edna Mwenda Standard Chartered Bank Kenya spent Sh214 million to lay off staff in the year ended December when it parted...

Kenya fourth in Africa’s dollar millionaires rank

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Business Daily | by Gerald Andae and Victor Juma Kenya has been ranked fourth in terms of the number of dollar millionaires, according to a...

Flour price rises to record Sh148 on maize shortage

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Business Daily | by Gerald Andae Consumers will pay more for the staple maize flour as the price of the commodity hits an all-time high...