KQ risks Sh14bn refunds for unused flight tickets

KQ risks Sh14bn refunds for unused flight tickets

Kenya Airways risks paying Sh13.9 billion in refunds to customers for unused tickets bought last year, mainly due to cancelled flights in the wake of the Covid-19 pandemic. This could see the national carrier revise its revenue downwards, according to disclosures made by the company’s external auditor PricewaterhouseCoopers (PwC) for its financial year ended December. […]

Equity bank secures $100 million to expand in East and Central Africa

Equity bank secures $100 million to expand in East and Central Africa

FILE PHOTO: Equity Group Managing Director and CEO Dr James Mwangi. Eyeing expansion across region. Equity Group Holdings plans Trans-Africa expansion with $100 Million (Ksh 11 Billion) loan from the African Development Bank (AfDB) AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and […]

Kenya: NSE Blue Chips Bleed in Fresh Lockdown, Curfew

Kenya: NSE Blue Chips Bleed in Fresh Lockdown, Curfew

Nairobi Securities Exchange (NSE) stocks posted the largest weekly loss since the start of the year as investors reacted to fresh lockdown and longer curfew hours introduced to stem the spread of Covid-19 infections. The market capitalisation reduced by Sh89.38 billion, closing Thursday trading at Sh2.468 trillion as Safaricom, East Africa Breweries Limited (EABL) and […]