Kenya Airways (KQ) plane at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways (KQ) tops in Sh38.35 billion bailout unveiled yesterday to support struggling state-owned enterprises. Treasury is seeking parliamentary clearance to support KQ, Kenya Power and universities such as the University of Nairobi, which have been facing cash flow problems. If approved by Parliament, […]
The transaction reeks of a botched money laundering deal. I refer to the investigation by Parliament of a money transfer transaction between the power producer, Lake Turkana Wind Power (LTWP) and Kenya Power and Lighting Company that was flagged by a Standard Chartered Bank branch in Frankfurt as being suspicious. So far, the information before […]
Kenyan Airways planes are parked at the Jomo Kenyatta International Airport in Nairobi, Kenya, 24 March 2020. REUTERS/Baz Ratner The East African aviation industry, like its counterparts globally, is having a tumultuous pandemic period. Revenue losses and reduced passenger numbers due to Covid-19 travel restrictions as well as uncertainty have hit the aviation sector hard, […]
Kenya Airways Dreamliner at Kenya Airways Headquarters, Nairobi on November 25, 2021 Kenya Airways has appointed Global GSA as its passenger general sales agent for the Italian market. Pursuant to the agreement, from February 1, 2022, Global GSA will manage all the commercial activities in Italy on behalf of Kenya Airways. This includes the support […]
Kenya Airways (KQ) has cut the number of direct flights linking Nairobi to the US city of New York. The national carrier told Business Daily that it has reduced the frequency of trips on the route from five to three per week due to low passenger demand. The demand for direct flights to John F. […]
Kenya Airways The government’s bailout fund for the airline is contained in a supplementary budget that was recently sent to the country’s lawmakers. Meanwhile, in order to get the bailout fund, the airline would have to ensure that "certain restructuring milestones" are actualised. The company’s Chairman, Michael Joseph, confirmed this condition to Bloomberg. Kenya Airways, […]
Centum’s #ticker:CTUM real estate arm is seeking to raise Sh17 billion in equity investment from Luxembourg-based private equity firm GEM Global Yield, with the fund effectively underwriting the planned listing of the property developer. Centum Real Estate said on Tuesday that it will control the timing and the size of drawdowns from the fund which […]
Unga Group Plc Chief Executive Officer Joseph Choge. PHOTO | DIANA NGILA | NMG Unga Group Plc has received regulatory approvals to form animal feed joint ventures in Kenya and Uganda with Dutch multinational Nutreco International. Subsidiaries of the Nairobi Securities Exchange-listed firm will own the joint ventures on a 50/50 basis with Nutreco. Kenya-based […]
Graham Villiers-Tuthillis the Marketing & Innovations Director for East African Breweries Limited, part of Diageo PLC. He is also a Non-Executive Board member of Serengeti Breweries Limited. Tuthill started at Diageo straight from campus and has been there for 15 years. He’s been based in Nairobi since 2018. Asa globally experienced business leader, he shared […]
Ashley Awuor tees off on the 14th hole at Royal Nairobi Golf Club during Kenya Ladies Golf Union Chairman (Sarah Hoare) Prize 2022, January 29, 2022. With a sterling score of 73 gross points, Ashley Awuor claimed the Kenya Ladies Golf Union (KLGU) Chairman (Sarah Hoare) prize at Royal Nairobi Golf Club, over the weekend. […]
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