Tourism stakeholders at the Coast have welcomed the reduction of fares by local airlines saying this would increase domestic travel and boost the industry . They said the discounted fares for tourist destinations and the introduction of night passenger train by the Standard Gauge Railway (SGR) would significantly increase the number of domestic travellers. A […]
IN the coming week, we still prospect that the market will remain vibrant going forward specifically on the banking sector and Cement sector as we have seen the previous week’s top counters coming from those sectors. The market will remain active during the week and mainly from the top local active counters. JATU Plc share […]
Some employees of the troubled Tuskys Supermarket chain in Nakuru have called for the establishment of an independent regulator to monitor growth and control expansion of retail outlets in Kenya. Tuskys Nakuru Branch manager Mr. Samuel Ikonya said thousands of lives have been ruined after the collapse of retail enterprises in Kenya due to the […]
COMESA Business Council Chairman Marday Venkatasamy. PHOTO | COURTESY Highlight: Intra-COMESA trade, 2019 USD22.1 billion – Total intra- COMESA trade. USD10.9 billion – Total intra- COMESA exports. USD11.2 billion – Total intra- COMESA imports. On 20th and 21st January 2021, Kigali will host a high-level public-private dialogue on the development of a low value retail […]
NSE trading floor. FILE PHOTO | NMG A record number of profit warnings by commercial banks has left their shareholders at risk of missing dividends worth over Sh33 billion after the lenders were forced to cut or suspend the payments to conserve cash in the wake of the Covid-19 crisis. An unprecedented six of the […]
NAIROBI — Kenya Airways plans further pay cuts for employees of as much as 30% after the airline was hit by the coronavirus pandemic that has caused a slump in air travel, an internal memo showed on Friday. The cuts follow those made in March last year following Kenya’s first confirmed COVID-19 case, which prompted […]
Kenya Airways and Air France KLM Group have agreed to mutually terminate their Africa-Europe joint venture partnership from 1 September, 2021, the airlines said in Nairobi on Monday. The airlines had previously suspended the Joint Venture cooperation for the calendar year 2020 mainly due to the coronavirus (COVID-19) pandemic and subsequent unpredictability of return to […]
Kenya Airways Boeing 737-800 © Tis Meyer (PlanePics.org) Kenya Airways (KQ, Nairobi Jomo Kenyatta ) and other Kenyan airlines will, by end of March 2021, commence direct flights between Nairobi Jomo Kenyatta and Hargeisa , the capital of Somaliland, the breakaway region of Somalia seeking international recognition. In a move that has angered Mogadishu, Kenya […]
Here are analysts’ top stocks to buy in the first quarter. The S&P 500 closed out 2020 at all-time highs on optimism surrounding additional government stimulus measures and a potential global economic rebound in 2021. Investors are mostly looking past horrible 2020 earnings numbers and focusing on the path forward for the economy, but there […]
(Ecofin Agency) – Equity Bank Kenya will obtain a loan portfolio guarantee of $50 million from the Dutch Development Finance Fund (FMO) to support SMEs in Kenya. This risk-sharing facility will be provided under the Nasira program, launched by the Dutch agency with the support of the European Union. Commenting on the deal, Linda Broekhuizen, […]
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