Business

Forever 21 to close up to 350 stores worldwide

Forever 21 to close up to 350 stores worldwide

Global fast-fashion retailer Forever 21 said it was filing for voluntary bankruptcy Sunday, the latest US brick-and-mortar chain to embark…
Kenya’s Forex Reserves dip further

Kenya’s Forex Reserves dip further

Kenya’s foreign currency reserves fell further last week past the 9 billion US dollars mark. According to latest weekly update…
Uchumi granted 30 days to engage banks over Ksh2.8 billion debt

Uchumi granted 30 days to engage banks over Ksh2.8 billion debt

The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement…
Kenya, Cote d’Ivoire rated top on Trade20 index globally

Kenya, Cote d’Ivoire rated top on Trade20 index globally

Kenya and Cote d’Ivoire have emerged top globally on the Trade20 index having most rapidly improved their trade growth potential…
Safaricom outshines Airtel Kenya in new customer subscriptions

Safaricom outshines Airtel Kenya in new customer subscriptions

Giant telco Safaricom has re-asserted itself as the supreme operator outpacing arch rival Airtel in growing its customer base between…
Betin fires its entire workforce, shuts down operations in Kenya

Betin fires its entire workforce, shuts down operations in Kenya

Betting firm Betin has fired its entire staff over what it termed as unconducive regulations by the Kenyan government for…
Blue Economy key to Kenya’s development, says President Kenyatta

Blue Economy key to Kenya’s development, says President Kenyatta

PSCU…President Uhuru Kenyatta has said Kenya is prioritizing the implementation of sustainable blue economy programs because of the sector’s potential…
SportPesa shuts down operations in Kenya

SportPesa shuts down operations in Kenya

Sportppesa has put to a halt its operation in Kenya after long months of protracted legal battle with the government…
CBK approves CBA, NIC merger effective October 1

CBK approves CBA, NIC merger effective October 1

The Central Bank of Kenya (CBK) has approved the merger of Commercial Bank of Africa (CBA) and NIC Group PLC…
Kenya re-admitted to the World Rally Championship, welcomed by president Kenyatta

Kenya re-admitted to the World Rally Championship, welcomed by president Kenyatta

President Uhuru Kenyatta welcomed International Automobile Federation (FIA) decision to reinstate the Kenya Safari Rally into World Race Championship. This…
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