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Italian Billionaire Briatore To Sell Sh500 Million Malindi Resort

Italian billionaire and ex-Formula One boss Flavio Briatore has said he is seeking a buyer for one of his exclusive luxury beach hotels in Malindi amid low tourist numbers.   Mr Briatore, through his hotel manager Philip Chai, said the move to sell the Lion in the Sun resort was occasioned by dwindling holidaymakers over […]

Kenya is set to replace the current ‘analogue’ travel documents with the new electronic passport come September 1 in a move aimed at curbing forgery and easing clearance at international airports. This means that holders of old generation passports will be locked out of the new system soon as they will only remain active for […]

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Kwale County will introduce a new road construction method in a move that could radically cut cost of infrastructure development in Kenya. The method, technically known as Engineered Material Arresting System (EMAS), involves use of cement additives and sand, a relatively cheaper option than the current tar and ballast technology. It will be piloted at […]

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Kenya now finds itself in a tricky diplomatic situation following refusal by Tanzania to sign the comprehensive Economic Partnership Agreement (EPA) between East African Community (EAC) and the European Union. This means the country faces the prospect of paying heavily for exports to Europe if EAC fails to beat the October 1 deadline. Exporters to […]

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Kenyans abroad made record monthly remittances in May consolidating the inflows’ position as the highest foreign exchange source ahead of tea, official data showed yesterday. Monthly data released by the Central Bank of Kenya (CBK) showed that diaspora remittances reached $161.50 million (Sh16.78 billion) in May, a growth of 10.04 per cent compared to $146.76 […]

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