Kenya’s low-cost regional airline Jambojet will prioritize local routes for the time being as it looks to consolidate business within the country before expanding internationally. The airline had to suspend some of its international flights during COVID and has no immediate plans of deploying its aircraft to overseas destinations on a large scale. Focus on […]
US Dollars. PHOTO| FILE Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. Bank statements provided by a European investigator revealed a cross-continental operation […]
Nairobi — The International Monetary Fund (IMF) staff has reached an agreement to advance Sh28 billion loan to Kenya as part of the 38-month IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF)financed program. The agreement is the third review of the economic policies program which took place between March 31 and April 22. […]
Kenya Airport Authority (KAA) has awarded a tender for the construction fuel depot at Kisumu International Airport to Vivo Energy Kenya. The proposed location is at the airside at the former Total aviation Fuel Depot. According to Kisumu International Airport manager Selina Gor, this will be the only depot that will be based within an […]
African airlines have continued to post growth in passenger numbers as more countries open up their economy after years of Covid-19 restrictions that negatively impacted the aviation sector. Data from both the International Air Transport Association (IATA) and African Airline Association (Afraa) indicates that the regional carriers’ performance improved by 70 percent in February and […]
Kenya Airport Authority (KAA) has awarded a tender for the construction fuel depot at Kisumu International Airport to Vivo Energy Kenya. The proposed location is at the airside at the former Total aviation Fuel Depot. According to Kisumu International Airport manager Selina Gor, this will be the only depot that will be based within an […]
Safaricom #ticker:SCOM took the top spot of the best 25 companies to work for in Kenya in the just-released LinkedIn 2022 Top Companies Ranking. Linkedin unveiled its 2022 top companies list that ranks the 25 best workplaces for professionals to grow their careers. The 25 companies were ranked using Linkedin company data and ratings based […]
Kenya Airways Plc and South African Airways are planning a series of investor roadshows to help find a financial backer for a combined airline group they aim to create next year. The campaign to attract a majority investor for a holding company to be modeled on British Airways and Iberia owner IAG SA is likely […]
Kenya Airways’ #ticker:KQ customers lost Sh4.48 billion last year after they failed to show up for their flights, leaving them with expired tickets. The value of the expired tickets have been disclosed in the airline’s latest annual report. KQ, as the carrier is known by its international code, books revenue from ticket sales whether customers […]
Planes at the Moi International Airport. PHOTO | JEFF ANGOTE | NMG The cost of air tickets for domestic routes has fallen by more than half after the Easter holiday ended, giving relief to travellers who had been stranded when charges more than doubled. A one-way ticket that was costing as high as Sh17,000 on […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.