The African Import and Export Bank (Afrexim Bank) wants to pump money into Kenyan firms in various sectors as the Pan-African lender eyes an increased role in the Kenyan economy. Afrexim, which finances and promotes African trade, says it will work with both government and private sector to bankroll various projects in need of funding. […]
Airlines, including national carrier Kenya Airways, face fresh uncertainty ahead of the peak festive season following a surge in Covid-19 infections on key service routes such as Europe and Southern Africa. The discovery of a new Covid variant in South Africa earlier this week has triggered massive disruptions in the global airline industry as more […]
Flower firms are competing for forward booking to get space guarantee for their produce on Kenya Airways as demand for roses in Europe soars in the wake of limited freight capacity. There has been a high demand for flowers in Europe amid low capacity at the Jomo Kenyatta International Airport as flights are yet to […]
Kenya Airways (KQ) and South African Airways (SAA) have moved closer to establishing an African airline in 2023. This is after the two carriers signed a Strategic Partnership Framework in South Africa Wednesday, in a move which will see the two carriers eventually form a Pan-African carrier. The signing happened on the back of an […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
South Africa’s Cyril Ramaphosa and Kenya’s Uhuru Kenyatta during a past event. Kenya’s president is scheduled to visit South Africa. PHOTO | PSCU The two countries’ economies contracted after being pummelled by the impact of the coronavirus crisis that hit key sectors like tourism. The two heads of state will also address the South Africa-Kenya […]
Kenya Airways Fleet Kenya Airways (KQ, Nairobi Jomo Kenyatta ) is in discussion with the country’s treasury over the settlement of the airline’s USD250 million debt accrued during the pandemic, says Chief Executive Officer Allan Kilavuka. In an interview with Bloomberg, he said that wiping out the liabilities, including debt to aircraft lessors and suppliers, […]
The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the telco one of the biggest corporate borrowers alongside other firms such as KenGen, Kenya Airways and Kenya Power. Safaricom noted that it held cash and cash equivalents of Sh26.4 billion in the review period, placing its net debt at Sh50.5 billion. […]
An Embraer SA 190 passenger aircraft, operated by Kenya Airways Ltd., stands on the tarmac during a reopening ceremony at Jomo Kenyatta International Airport in Nairobi, Kenya, on Wednesday, July 15, 2020. Kenya Airways Plc started a three-month round of job cuts as lawmakers debate a bill to nationalize the carrier and its losses mount […]
Dubai — Boeing has announced a partnership with Kenya Airways to support its recently launched, Fahari Innovation Hub. The announcement ceremony took place at the Dubai Airshow 2021, with KuljitGhata-Aura, President of Boeing Middle East, Turkey and Africa, and Allan Kilavuka, Group Managing Director and CEO of Kenya Airways, in attendance. Launched in July 2021, […]
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