Tuesday, July 1, 2025
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Why Atlas closed down

The following feature was first published in the Business Daily. The extent to which Kenya’s nascent oil industry has unravelled emerged on Tuesday as logistics...

Atlas shuts down Kenyan businesses

Oil and gas logistics firm Atlas Development has announced it is winding down its Kenyan operations even as the holding firm remains listed on...

Car, water, beer, fuel prices up shoot up as new taxes takes effect

Kenyans will from Tuesday pay more for beer, juices, water, second-hand cars and motorcycles after the Treasury set the date for application of new...

IFC reduces investment in Stanlib REIT after poor market performance

The International Finance Corporation (IFC) reduced investment in Kenya’s first Real Estate Investment Trust (Reit) to avoid breaching its rules after poor market response...

Kenya Airways now unable to pay its employees

Employees of troubled national carrier Kenya Airways face an uncertain Christmas after the airline said it was unable to pay their November salaries due...

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