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Business news highlights

State warns of surge in fake coronavirus related products

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Corrupt and greedy business operatives are taking advantage of the coronavirus (Covid-19) pandemic to flood the country with counterfeit masks, sanitisers and soaps which...

Insurers eye share of Sh1.3bn livestock insurance cover

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Insurers are bidding for Sh1.26 billion livestock cover as the State seeks to protect arid and semi-arid area (ASAL) farmers from the negative impacts...

Maasai Mara hotels and camps woo local tourists with lower prices

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Hotels, tented camps and travel agents have significantly lowered prices amid the Covid-19 pandemic, causing a gush of local tourists to the Maasai Mara Game...

InterContinental Hotel to Close its Operations in Kenya

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InterContinental Hotels Corporation Limited is considering the permanent closure of the InterContinental Nairobi (the Hotel) and winding up all its operations in Kenya, citing...

Parliament votes on former MPs Sh100,000 a month lifetime pay

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MPs who retired between 1984 and 2001 are set to receive a monthly pension of Sh100,000 for life under revised changes to the National...

Shoprite lays off 115, shuts second Kenya store in four months

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Africa’s largest supermarket chain Shoprite Holdings will lay off 115 workers and close its second branch in Kenya in less than five months, citing...

Railways retirees fail to stop sale of assets

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Members of the Kenya Railways Retirement Benefits Scheme have lost a bid to stop their trustees from disposing part of their multi-billion shilling asset...

Kenya records highest Covid-19 recoveries

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Kenya announced Tuesday that 587 people had recovered from Covid-19, the highest number of recoveries in the country since it recorded its first positive...