A recent report by the Financial Transparency Coalition (FTC) indicated that Kenya has channeled a mere one per cent of Covid related bailout funds to SMEs, despite having a credit guarantee scheme and on lending funds by banks. George Onyango with fellow jua kali artisans at his Kamukunji workshop, Nairobi /JACK OWUOR Majority of small […]
PRESS RELEASE PUBLICATION OF THE RESULTS OF THE DIASPORA REMITTANCES SURVEY The Central Bank of Kenya (CBK) announces the publication of the results of the first- ever Diaspora Remittances Survey . The Survey was conducted from March to May 2021, aimed at collecting valuable information on remittance inflows to Kenya, with the objective of boosting […]
The Covid-19 pandemic caused distressing times for banks all over the world. And in Africa, the story isn’t any less concerning. The continent as a whole went through its deepest recession in at least half a century. In aggregate, GDP in South Africa, Nigeria, Morocco and Kenya — Africa’s four most important banking centres — […]
The Argentinian low-cost carrier Flybondi is set to receive its fifth and sixth aircraft, allowing the carrier to recover and outgrow its pre-pandemic capacity levels. Additionally, Flybondi has restarted its international connectivity, flying to Brazil and Uruguay from Buenos Aires. Flybondi is looking to have a fleet of ten aircraft in Argentina. Photo: Flybondi New […]
A Kenyan passport. FILE PHOTO | NMG The Immigration Department has remained mum as the deadline for phasing out the old passport lapsed two weeks into the New Year, creating confusion among travellers and airlines. The government had in February last year extended the deadline by 10 months, which was to end in December 2021, […]
A Virgin Atlantic 787-9 departing London Heathrow. (Photo: AirlineGeeks | William Derrickson) Transatlantic flights are certainly always in season and are considered the backbone business for long-haul airlines, as passengers are always looking for a quick, direct flight or a connecting flight to their favorite destination. Thus, several airlines have consistently made the effort to […]
CAPA News Briefs CAPA publishes more than 1,000 global News Briefs every week, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other […]
The Tourism ministry has raised concerns over increasing delays in e-visa processing, citing it as a major hindrance to rising tourist numbers as it seeks new markets in Russia and Latin America. Tourism Cabinet secretary Najib Balala says his ministry has received complaints from travellers visiting Kenya, claiming that the authorisation process takes a month. […]
Jubilee Insurance CEO Julius Kipng’etich addresses a gathering at Aga Khan University Hospital in Nairobi on May 8, 2019 [Denish Ochieng, Standard] Insurance payments to customers abandoning policies hit Sh10.45 billion in the nine months to September last year on coronavirus-induced economic hardships. The latest data from the Insurance Regulatory Authority (IRA) shows the value […]
Nairobi News website. PHOTO: Wangu Kanuri Nairobi News is among the most reliable English websites in Kenya. A poll conducted by Reuters Institute for the study of Journalism shows that the entertainment website owned by the Nation Media Group (NMG) is ranked seventh overall and accessed by 27 percent of available readers who log in […]
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