A delay by the government to disburse the Sh20 billion bailout package to Kenya Airways (KQ) #ticker:KQ has forced the national carrier back to pay cuts. Kenya Airways CEO Allan Kilavuka says that the money has not hit its account a month since it was allocated in the supplementary budget by the Treasury for the […]
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Women in finance lobby NFNV picks new leaders for Kenya
NFNV Kenya Board of Trustees chairperson Caroline Armstrong-Ogwapit. FILE PHOTO | NMG Women in finance network organisation New Faces New Voices Trust in Kenya (NFNV) has appointed Caroline Armstrong-Ogwapit as the new chairperson of its Board of Trustees as it seeks to strengthen it banking and public sector ties. Ms Armstrong-Ogwapit boasts 25-year banking with […]
Kenya Airways Sees Russia’s Invasion Inflating Air Ticket Costs
An Embraer SA 190 passenger aircraft, operated by Kenya Airways Ltd., stands on the tarmac during a reopening ceremony at Jomo Kenyatta International Airport in Nairobi, Kenya, on Wednesday, July 15, 2020. Kenya Airways Plc started a three-month round of job cuts as lawmakers debate a bill to nationalize the carrier and its losses mount […]
Kenya Airways eyes 2025 air taxi launch in UAM diversification
African national flag carrier Kenya Airways says it will continue diversifying its activity and income sources by rolling out air taxi services in 2025 – part of its efforts to develop next-generation urban air mobility (UAM) operations. Kenya Airways CEO Allan Kilavuka said the company plans on testing air taxi flights in 2025, and hopes […]
South African airlines buyout will not affect KQ deal, says Joseph
The takeover of South African Airways (SAA) by a new buyer will not affect the plan to form a Pan-African Airline with Kenya Airways #ticker:KQ . Kenya Airways (KQ) chairman Michael Joseph said Takatso Consortium, which is acquiring a 51 percent stake in the ailing South African carrier, has been involved in all the steps […]
Ethiopia Airlines to buy five Boeing cargo planes
Ethiopian Airlines will purchase five 777-8 freighters after reaching a deal with the US plane maker Boeing as it seeks to ramp up its cargo services. The move is expected to tighten freight competition between the Addis-based carrier and Kenya Airways #ticker:KQ . The Ethiopian carrier has reached a preliminary deal with the Boeing for […]
Kenya Airways Partners With the Magical Kenya Open as Official Airline Partner
Nairobi — National carrier, Kenya Airways, has announced a partnership with Kenya Open Golf Limited as the official airline partner during this year’s edition of the Magical Kenya Open Championship. The partnership will see the carrier fly in all the Professional Golfers Association (PGA) officials who will be supervising and managing the tournament. The airline […]
Kenya Airways making inroads in slum tourism
Full moon is seen behind a Kenya Airways (KQ) tail of the plane on March 27, 2020 at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways made a spectacular fly-past over the Mathare Valley last weekend, prompting speculation that slum tourism was finally here. The Kenya Open Golf tourney, which was underway at the neighbouring […]
Kenya Airways suspends planned flights to Italy and Cameroon, gives reason
Kenya Airways suspends planned flights to Rome and Cameroon, gives reason The airline blamed the suspension on low passenger demand, due to the impact of the pandemic. In the meantime, the airline said it will keep serving Italy through other European destinations such as London and Amsterdam. Recall that Kenya Airways had, in October last […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]