Kenyan pensioners protest in Nairobi last November. Pension funds have been heavily exposed to equities leading to massive losses. PHOTO | FILE | NATION MEDIA GROUP Kenyan retirees lost over Ksh35 billion ($350 million) to falling stock prices and soaring inflation as the Covid-19 pandemic wreaked havoc on the country’s economy in the past three […]
A petrol station worker fuels a vehicle on Kimathi Street in Nairobi on July 14, 2019. PHOTO | FILE | NATION MEDIA GROUP In Mombasa, a litre of petrol will go for Sh80.85, diesel Sh75.88 and kerosene will retail at Sh77.29. These prices will be enjoyed until June 14, when the next review is due. […]
An earthmover parked at the Athi River Mining plant in Kaloleni, Kenya. PHOTO | FILE | NATION MEDIA GROUP Mobile money and data have emerged as the lifeline in revenue growth for African-focused telecoms operators Vodacom Group and Airtel Africa across markets characterised by stiff competition and challenging regulatory regimes. The two telcos this week […]
A Kenya Airways plane. The national carrier will carry passengers on a Boeing 787 Dreamliner aircraft, which has the capacity for up to 335 passengers in a three-class seating configuration, the airline said. PHOTO | FILE | NATION MEDIA GROUP The chartered flights will only be available for Kenyans who test negative for Covid-19. The […]
A Kenya Airways plane at JKIA. PHOTO | FILE | NATION MEDIA GROUP KQ has now realised that its overreliance on passenger services is its undoing. The national carrier has thus been compelled to think harder to broaden its revenue streams in a bid to cushion itself against such global crises as the current Coronavirus. […]
Planes parked on the tarmac of the JKIA. PHOTO | FILE Nation Media Group A looming recession, jitters flying, new Covid-19 flying requirements, and the unpredictability of the coronavirus pandemic are some of the hurdles national carrier Kenya Airways will have to contend with when it gets back to the skies. The airline, which is […]
Vision Group CEO, Robert Kabushenga who earlier suspended some publications has now announced salary deduction due to coronavirus crisis (PHOTO/File). KAMPALA – Media giants Vision Group Uganda and Nation Media Group (NMG) Kenya have announced massive salary cuts as a result of registering low business due to the coronavirus pandemic. Vision Group owns New Vision, […]
National Treasury Cabinet Secretary Ukur Yatani launches the Economic Survey 2020 at Treasury Building, in Nairobi, on April 28, 2020. PHOTO | EVANS HABIL | NATION MEDIA GROUP Kenya is seeking Sh275 billion in loans from the World Bank, the European Union (EU) and the International Monetary Fund (IMF) to plug the gap in revenue […]
The Nairobi Securities Exchange. Inclusion means their shares have greater visibility among foreign investors. PHOTO | FILE | NATION MEDIA GROUP Co-operative Bank and British American Tobacco have been added to the MSCI Frontier Markets Index, which tracks performance of blue-chip stocks in the country. They join Safaricom, Equity Bank and Kenya Breweries Limited, which […]
Inside Crown Paints Kenya showroom in Industrial area, Nairobi. The warehouse is filling with paint faster than the orders are streaming in. PHOTO | DENNIS ONSONGO | NATION MEDIA GROUP Rakesh Rao, the chief executive officer at Crown Paints, cuts the image of a man carrying the whole world on his shoulders. You would expect […]
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