Stock traders at the Nairobi Securities Exchange. FILE PHOTO | NMG Profit taking led by foreign investors at the Nairobi Securities Exchange (NSE) last week weighed down the market, shaving Sh96.1 billion and pushing the main indices into the red. Market analysis by Standard Investment Bank (SIB) showed that foreign investors made net sales worth […]

A Kenya Airways plane. FILE PHOTO | NMG The Kenya Airways’s plans for direct flight to Tel-Aviv have been boosted after Israeli national carrier was given the green light to fly over Sudan airspace on Saturday. KQ was to start nonstop flights between Kenya and Israel last year but the plans were dealt a blow […]

Cash strapped Muga Developers Ltd, associated with Peter Kiarie Muraya and Susan Wacheke Muraya’s Suraya properties has been placed under receivership. In a notice published in the local dailies, Messrs Muniu Thoithi and George Weru were appointed joint receivers and managers of Muga Developers by Equity Bank. “Following the appointment, receivers are conducting the affairs […]

Shares, banking and financing attracted the highest share of the N31.96 trillion ($87.96 billion) worth of investment inflows into Nigeria in six years. The Central Bank of Nigeria’s (CBN) guidelines show that capital importation can be done through an authorised dealer; which is usually a commercial bank, or through a debt-equity scheme of the Federal […]

Errant hospital executives should face the full force of the law. FILE PHOTO | NMG The decision by the Association of Kenya Insurers (AKI) —the industry’s ’ lobby — to review the pricing of bills at a number of private hospitals is not only welcome but also timely. The move comes in the wake of […]

(Updates Air New Zealand) Feb 18 (Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Below are details (in alphabetical order): AIRLINES THAT HAVE CANCELLED ALL CHINA FLIGHTS * American Airlines – extends suspension of China and Hong Kong flights through April 24 from March 27 earlier * […]

(Reuters) – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Below are details (in alphabetical order): AIRLINES THAT HAVE CANCELLED ALL CHINA FLIGHTS -American Airlines – extends suspension of China and Hong Kong flights through April 24 from March 27 earlier -Air France – Said on Feb.6 it would […]

The recent signing of an amendment to the US-Kenya Air Transport Agreement could increase exports to the American market. This is, however, only if Kenya Airways and the government, which is the airline’s main shareholder, play their respective roles with diligence. Specifically, the amendment allows American all-cargo airlines to fly between Kenya and a third […]

F oreign airlines have begun normal flight operations to Lagos following harmattan haze that led to diversion and cancellation of flights for five days consecutively. Among airlines that landed at the Murtala Muhammed International Airport, Lagos were British Airways’ flight 075 from London, Royal Air Maroc, Virgin Atlantic, Kenya Airways, Ethiopian Airlines and Turkish Airlines […]

Real estate is probably the single largest investments in the portfolio of every family across the globe. Most middle class families invest the maximum amount of money in their residential homes. In many parts of the world, this belief has been reinforced by the fact that houses have exponentially risen in value. When venturing into […]