National Treasury Cabinet Secretary Ukur Yatani State corporations defied the ravaging effects of Covid-19 to post accumulated profits of Sh37.3 billion in the financial year 2020-21. This was in the wake of reforms by the National Treasury and pressure from the International Monetary Fund, which has been pushing for the merger of some of the […]
National Assembly Speaker Justin Muturi has lauded relations between Kenya and Nigeria saying they have enhanced trade relations between the two Countries. Muturi who is in Abuja for the 51st Conference of the Commonwealth Parliamentary Association, Africa Region, took some time off Friday afternoon to visit the Kenyan High Commission in Nigeria. Accompanied by Narok […]
National carrier Kenya Airways has deployed a larger capacity aircraft to Mombasa on weekends following high demand from passengers, coming as a boost to the airline that has been grappling with low numbers. The airline will on Saturday and Sunday use the high capacity Boeing 737 on the coastal route, an upgrade from the Embraer […]
A British Airways Boeing 777 at London Heathrow. (Photo: AirlineGeeks | William Derrickson) Connectivity is considered to be the very heart of an airline’s success because what more could passengers ask for besides convenient and seamless connections to wherever they wish to go. Whilst it might currently seem impossible for any airline to fly to […]
A file photo of planes at the Jomo Kenyatta International Airport in Nairobi. /Jack Owuor The African Airlines Association (AFRAA) is pursuing solutions to bridge the gender and age gap in the travel industry. According to the association, women numbers are still low while at the same time the pool for future professionals for the […]
Peter Skerritt is the founder of Peter Skerritt & Associates, a financial markets training company specialising in financial risk and derivatives. As the chart below shows, and cash-squeezed South African motorists know all too well, the oil price has more than doubled over the past 12 months, recently reaching highs not witnessed for several years. […]
Kenya Airways Plc is counting on the government to settle $250 million in liabilities racked up during coronavirus groundings as it gears up to around two-thirds of normal capacity next year. Discussions on the matter are underway with the National Treasury, which has previously guaranteed $750 million of Kenya Airways debt, Chief Executive Officer Allan […]
A Jambojet plane at the Kisumu International Airport. FILE PHOTO | TONNY OMONDI | NMG Jambojet managing director Ndegwa Karanja said with the stringent Covid-19 travel regulations in the two East African nations, the carrier does not have plans to resume flights in those destinations soon. Uganda demands that all passengers going to Entebbe must […]
Kenya Airways has been operating three flights to Ethiopia every week but it has added four more frequencies to cater for high demand as countries repatriate their citizens from Addis Ababa. PHOTO | FILE | NMG Kenya Airways has increased scheduled flights to Ethiopia from three to seven a week as high demand for passengers […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom’s #ticker:SCOM bank borrowings rose to a record Sh76.9 billion in the half-year ended September as the telco raised funds to pay for its Ethiopian licence besides investing in its operations. The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the […]
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