Terminal 1A at Jomo Kenyatta International Airport. FILE PHOTO | NMG Nairobian are the verge of experiencing flying taxis after the national carrier and Brazilian aircraft manufacturer Embraer signed an agreement that would spearhead this innovation in the market. The taxis are expected to cut travel time from the Jomo Kenyatta International Airport (JKIA) to […]
A concept render of Embraer’s X eVOTL. Similar vehicles may soon be flying across Nairobi. Image sourced from Embraer. The East African country takes another step closer to Wakanda with this new item of Afrofuturist news. Kenya Airways has signed an agreement with Brazilian aircraft manufacturer Embraer to launch flying taxis in the capital city […]
KCAA director-general Gilbert Kibe. FILE PHOTO | NMG The Kenya Civil Aviation Authority (KCAA) is set to audit the economic impact of the Covid-19 pandemic on the industry as it draws a recovery plan for the affected. The regulator is presently hiring a consultant to conduct a Covid-19 pandemic impact research to guide its policy […]
[ Courtesy ] The court has ordered Dyer and Blair Investment Bank to sell shares belonging to suspects in a Sh1 billion air ticket fraud. After the sale of shares, High Court Judge David Majanja ordered that the proceeds be transferred to Mercantile Insurance Company which is said to have lost Sh1 billion through the […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
World World Bank and partners announce new global fund for cybersecurity On 16 August 2021, the World Bank announced the launch of a new Cybersecurity Multi-Donor Trust Fund under the broader Digital Development Partnership (DDP) umbrella programme. The new fund aims to better define and systematically roll out the cybersecurity development agenda, helping to ensure […]
The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. A compilation of data from the country’s 17 most valuable companies by Financial Standard shows that the CEOs collectively pocketed Sh1.84 billion in perks last year even as the pandemic […]
Revenue generated from cargo and passenger services on the standard gauge railway (SGR) rose by 33 percent in the six months to June, lifted by a rebounding economy, official statistics show. Data by the Kenya National Bureau of Statistics (KNBS) shows that the passenger and cargo trains generated Sh7.936 billion in the period, up from […]
A Kenya Airways aircraft at JKIA. FILE PHOTO | NMG Kenya Airways will wait longer to resume scheduled flights on the Indian routes after the civil aviation regulator extended restrictions on the route for another 30 days. The national carrier had planned to restart the Indian route, which is one of the most lucrative destinations […]
This story originally appeared on StockNews While a surge in domestic leisure travel helped Delta Air Lines (DAL) turn a profit in the second quarter, investors continue to be worried about its growth prospects due to the rapid spread of the COVID-19 Delta variant. As a result, the stock’s price has declined by more than […]
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