Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The move is the latest restriction on global travel by UAE aimed […]
Tag: XNAI_KQ
Treasury to tap Central Bank’s IMF dollar reserves for budget
The Treasury will borrow up to Sh41.8 billion from the dollar reserves the Central Bank of Kenya (CBK) received from the International Monetary Fund (IMF) in form of special drawing rights (SDR) in August. The government told the IMF that it wants to utilise part of the funds locally and would borrow half of the […]
UAE extends ban on air travellers from Kenya
United Arab Emirates (UAE) has extended the ban on Kenyan travelling to its territory indefinitely, restricting inbound flights from Nairobi and a host of other African countries. In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The Dubai Civil Aviation […]
Kenya Airways converted two 787 Dreamliners to carry cargo. Here’s why
Nairobi (CNN Business)While passenger air travel has plummeted during the pandemic, demand for air cargo has surged. With e-commerce up and trucks often unable to cross borders, air freight became a global lifeline transporting medical supplies and personal protective equipment, as well as all kinds of everyday products. According to the International Air Transport Association, […]
Flights to Dubai suspended, Cranes call off trip
FILE PHOTO: No more flights from Entebbe to Dubai. FUFA calls off trip to Dubai after flights from Uganda put on red list Entebbe, Uganda | THE INDEPENDENT | The Federation of Uganda’s Football Associations (FUFA) has called off the Uganda Cranes’ trip to the United Arab Emirates. The team was slated to travel tomorrow […]
UAE extends ban on air travellers from Kenya
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The move is the latest restriction on global travel by UAE aimed […]
Kenya Airways Strikes Codeshare Deal With Italian Carrier, Ita Airways
Nairobi — National Airline, Kenya Airways (KQ) and Italy’s new flag carrier, ITA Airways, have announced a codeshare agreement providing passengers with seamless connections from the KQ network to destinations across Europe. Under the new agreement, travellers will be able to connect to ITA Airways network across Europe and reach some of Italy’s most picturesque […]
Private interests go for broke- overrun IMF call for prudence
DEBT: Graph showing Kenya’s surging debt. Image: COURTESY While Kenyans are off resting over the Christmas break, National Treasury mandarins are burning the midnight oil, putting in play a final onslaught on public coffers. The exchequer is going for broke as it desperately seeks to fill a yawning budget gap fuelled by corruption leaden legacy […]
Treasury to tap Central Bank’s IMF dollar reserves for budget
The Treasury will borrow up to Sh41.8 billion from the dollar reserves the Central Bank of Kenya (CBK) received from the International Monetary Fund (IMF) in form of special drawing rights (SDR) in August. The government told the IMF that it wants to utilise part of the funds locally and would borrow half of the […]
State plans Sh146bn KQ bailout, drops takeover
The Treasury will offer Kenya Airways #ticker:KQ a further Sh146.9 billion bailout amid delayed recovery from a travel slump following Covid-19 in financial support that will see the State drop the plan to nationalise the airline. Treasury Secretary Ukur Yatani has said the government will take over Sh93.4 billion of national carrier Kenya Airways’ debt […]