An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
Africa remains the biggest driver of Kenya Airways’ #ticker:KQ revenue, highlighting the important role that the regional countries play in keeping the carrier afloat. Industry data indicates that the airline earned Sh38 billion in revenue from its operations in Africa last year, which was a significant rise from the Sh27 billion that was realised in […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Kenya Airways The company said it was able to reduce its annual net loss by implementing various cost containment measures. Recall that the COVID-19 pandemic had taken a serious toll on the African aviation industry, resulting in a collective loss of $10.21 billion in 2020 and $8.6 billion in 2021, respectively. However, Kenya Airways’ financial […]
Kenya Airways Boeing 777-300ER Kenya Airways (KQ, Nairobi Jomo Kenyatta ) and South African Airways (SA, Johannesburg O.R. Tambo ) are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year, Bloomberg reports. The campaign will see events staged in Africa, London, […]
Airlines – the end of golden days or “the beginning of our third epoch”? 12/04/2022, by Yeoh Siew Hoon, in Corporate Travel, Destination Marketing, Distribution, Featured, Regions, Sectors “Traumatised, shocked and stunned, but we will get over it,” says Emirates’ Sir Tim Clark SO on the one hand, you have Peter Harbison, executive chairman, CAPA […]
Treasury CS Ukur Yatani read the Budget 2022/23 on Thursday, April 7, 2022, at the National Assembly. File Mr. Speaker, it is once again an immense privilege for me to present to this August House and to the people of the Republic of Kenya the Budget Statement that highlights the budget policies and the revenue […]
The standard gauge railway (SGR) passenger service from Nairobi to Mombasa is fully booked on the eve of Good Friday, forcing holidaymakers to seek expensive alternatives like road and air travel to the Coast. The bookings register shows that the trains to Mombasa are fully booked on April 14, ahead of the Easter celebrations. The […]
The leading telecommunications company, Safaricom , has been ranked top in the 2022 List of Top Companies in Kenya. Equity Bank and Kenya Airways come in second and third, with KCB Group coming in fourth. This is the first of what’s expected to be an annual ranking, and will be running alongside similar lists of […]
Kenya’s Finance Minister Ukur Yatani presents the Government Budget for the 2022/23 fiscal year inside the Parliament buildings in Nairobi, Kenya April 7, 2022. REUTERS/Monicah Mwangi Kenya’s latest budget has not quenched the thirst for borrowing to finance infrastructure, and proposes a contentious way to arbitrate tax disputes. Kenya is projecting slower, but significant growth […]
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