Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (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 traded at […]
Tag: XNAI_KQ
Kenya Airways targets 2025 for eVTOL testing
Eve Air Mobility eVTOL Kenya Airways (KQ, Nairobi Jomo Kenyatta ) aims to start testing electric vertical take-off and landing (eVTOL) aircraft from 2025 through its new subsidiary Fahari Aviation ( Nairobi Jomo Kenyatta ), according to Chief Executive Officer Allan Kilavuka. Speaking to Business Daily Africa, he said: “We are working on a future, […]
Video: Kenya Airways pilots skillfully land planes in Europe amid raging Storm Eunice
Two Kenyan pilots have made the country proud after successfully completing trips to Europe – landing planes in airports amid the raging Storm Eunice. Kenya Airways Captain Ruth Karauri on Friday, February 18 employed her school training to execute a near-perfect cross-landing at London’s Heathrow Airport. Flying a KQ Boeing 787 on Friday, Karauri managed […]
Kenya Airways aiming to expedite SAA partnership: Chairman
CAPA News Briefs CAPA publishes more than 1,000 global News Briefs every week, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other […]
In defence of Kenya Airways bailout
It is worth noting that as the world is gingerly moving out of the pandemic, we need to take the opportunity to see how it impacted various industries and economies. Among those that were affected first is the airline Industry. When Covid-19 struck in 2020, virtually every country imposed travel restrictions that practically stalled logistics. […]
Kenya Airways Sees Russia’s Invasion Inflating Air Ticket Costs
Kenya Airways projects its revenue will climb by more than 50% this year. Kenya Airways Plc said Russia’s invasion of Ukraine will result in airlines increasing ticket prices after crude oil surged , while uncertainty may reduce demand for travel. “We have started seeing many of the airlines taking action on this to ensure that […]
Kenya Airways targets 2025 for eVTOL testing
Eve Air Mobility eVTOL Kenya Airways (KQ, Nairobi Jomo Kenyatta ) aims to start testing electric vertical take-off and landing (eVTOL) aircraft from 2025 through its new subsidiary Fahari Aviation ( Nairobi Jomo Kenyatta ), according to Chief Executive Officer Allan Kilavuka. Speaking to Business Daily Africa, he said: “We are working on a future, […]
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 […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (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 traded at […]
South Africa to start e-visa facility for Indian tourists
The South African Tourism on Monday said it is eyeing 64 per cent year-on-year growth in arrivals from India in 2022, capitalising on strong consumer demand in the country through various marketing initiatives including roadshows. India continues to be one of the top-three focus markets for South Africa , which has outlined a strategic road […]