40Kenya Airways, Kenya’s flag carrier, jointly signed a Strategic Partnership Agreement with South African Airways (SAA) on November 25, concluding an important milestone to jointly launch a pan-African airline group by 2023. The partnership follows the Memorandum of Cooperation (MoC) that both companies signed 2 months ago in search of promoting the exchange of knowledge, […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
•International tourism spending expected to rise from $790 million (Sh88.2 billion) in 2021 and hit a high of $2.5 billion (Sh279.3 billion) in 2025. •This comes after the country lost more than Sh110 billion in tourism earnings last year as the pandemic brought the industry to its knees. Ukraine tourists arrive in Mombasa for holiday/ […]
Kenya Airways Fleet Kenya Airways (KQ, Nairobi Jomo Kenyatta ) is in discussion with the country’s treasury over the settlement of the airline’s USD250 million debt accrued during the pandemic, says Chief Executive Officer Allan Kilavuka. In an interview with Bloomberg, he said that wiping out the liabilities, including debt to aircraft lessors and suppliers, […]
Kenya Airways and Ethiopian Airlines planes at Kamuzu International Airport in Malawi. FILE PHOTO | COURTESY In the meantime, RwandAir has signed a codeshare agreement with Qatar Airways that allows the Kigali-based airline to use the Qatari carrier’s huge network to bring competition right to the doorsteps of ET and KQ. The falling fortunes of […]
A Kenya Airways Boeing 787 landing in London. (Photo: AirlineGeeks | William Derrickson) Kenya Airways and South African Airways this week signed a strategic partnership framework that may be the pathway to co-starting a Pan-African airline group by 2023. This follows the September signing of a memorandum of cooperation between the two national carriers. This […]
South African Airways (SAA) and Kenya Airways have signed a strategic partnership framework which marks a milestone in the two companies’ plans to form a pan-African airline by 2023. This after the two airlines signed a memorandum of cooperation in September to share knowledge, expertise and technology moving forward. The latest strategic partnership framework was […]
The Government has created a Huduma Whitebox one-stop shop website to encourage Kenyans with innovations to share and sell their ideas and innovations for support and promotion. The website, whitebox.go.ke created by the Ministry of ICT, Innovation and Youth Affairs will also help innovators with good innovations receive facilities for start-ups. Chief Administrative Secretary (CAS) […]
Nairobi — Kenya Airways in conjunction with the Kenya Tourism Board (KTB) has branded two aircrafts with pictures of the last remaining white rhinos, elephant tuskers, and lions in a move aimed at increasing Kenya’s visibility as a travel destination locally and internationally. Kenya Airways Chief Executive Officer (CEO), Allan Kivuka said the two planes, […]
(file photo). As East Africa’s leading carriers Ethiopian Airlines and Kenya Airways grapple with financial and politically instigated crises, regional carriers Air Tanzania, Uganda Airlines and RwandAir have laid out plans to eat the big boys’ lunch. This came to light at the just-concluded 2021 Dubai Air Show, where Uganda Airlines and Air Tanzania signed […]
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