NAIROBI, Kenya Feb 25-Unga Group PLC has issued a profit warning for the first six months of the year ended December 31 2021 forecasting a 25 per cent dip in profits compared to the prior year. The Nairobi Securities Exchange-listed company said its half-year profit is likely to drop on the back of increased costs […]
NAIROBI – February 28, 2022 – Boeing and Kenya Airways PLC (KQ) have announced the signing of a Memorandum of Understanding (MOU) for landing gear exchange services. The announcement was made at the 2022 MRO Middle East exhibition, which is the leading aviation industry event for Maintenance, Repair, and Overhaul in the region. With the […]
Patricia Ithau is the new Scangroup CEO [Fidelis Kabunyi, Standard] Marketing firm WPP Scangroup has replaced long-serving Chief Executive Bharat Thakar, who resigned in March 2021 amid a gross misconduct probe. Veteran marketing and business leader Patricia Ithau (pictured) has been appointed as CEO from March 14. She is no stranger to Scangroup, having served […]
FILE FILE IMAGE: Kenya Airways planes at JKIA. Image: Douglas Okiddy Boeing and Kenya Airways PLC have signed a memorandum of understanding for landing gear exchange services. The announcement was made at the 2022 MRO Middle East exhibition, which is the leading aviation industry event for maintenance, repair and overhaul in the region. According to […]
Kenya Airways #ticker:KQ will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of the airline’s diversification through its new subsidiary Fahari Aviation. The electric vertical take-off and landing (eVTOL) aircraft is a new technology that uses electricity to hover, take off, and land vertically, making it easier […]
Delta Air Lines has withdrawn its codeshare service operated in conjunction with the Russian national carrier, Aeroflot, effective immediately. The US carrier is the first airline to end its partnership with Russia’s state carrier following the Russian invasion in Ukraine. Could more follow? Delta ends Aeroflot’s codeshare agreement Effective immediately, Delta Air Lines has finished […]
British American Tobacco (BAT) office in Nairobi. British American Tobacco (BAT) Kenya has proposed to pay its shareholders a dividend of Ksh50 ($0.44) per share after its net profit surged by 18 percent for the year ended December 31, 2021. PHOTO | FILE Cigarette maker British American Tobacco Kenya (BAT) has won an eight-year legal […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
Justice James Makau. PHOTO | FILE | NATION MEDIA GROUP The High Court has dismissed a petition by manufacturers to quash new taxes imposed by the government on raw materials used in the production of paints. Justice James Makau ruled that levying of tax cannot be said to be a breach of the right to […]
Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
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