Rwanda’s leading Cement manufacturer CIMERWA has received approval from the Capital Markets Authority and the Rwanda Stock Exchange to list its shares on the local bourse on August 3rd 2020. Out of the listed shares constituting 703,219,520 shares (100%), a free float of 344,575,560 shares (49%) will be available for trading to the investor community […]
Kenya Rugby League Federation (KRLF) president Richard Nyakwaka exchange signed partnership documents with Homeboyz Entertainment CEO Mike Rabar during partnership launch in Nairobi on July 31, 2020. PHOTO | SILA KIPLAGAT | NATION MEDIA GROUP Kenya Rugby League Federation (KRLF) and Homeboyz Entertainment Limited have entered into a 10-year commercial and strategic partnership that will […]
Michael Joseph (left) will take over as board chairman following the retirement of Nicholas Nga’ng’a (right). PHOTO | FILE | NATION MEDIA GROUP Announcing the appointment, Safaricom CEO Peter Ndegwa said Mr Joseph takes over from August 1, 2020. There is probably no one who understands Safaricom better than Mr Joseph, who has served the […]
Kenya Airways planes parked at JKIA. PHOTO | FILE | NATION MEDIA GROUP Kenya Airways will be forced to inspect afresh the engines of its 10 Boeing 737 New Generation aircraft after the US aviation regulator warned that they could stall mid-air after being grounded for months. The Federal Aviation Authority (FAA) said the Boeing […]
Kenya Airways cabin crew usher passengers into an aeroplane at JKIA, Nairobi, following the resumption of domestic flights on July 15. PHOTO | FILE | NATION MEDIA GROUP With the second anniversary of the launch of direct flights between Nairobi and New York quickly approaching, the recent decision by Kenya Airways to cancel them could […]
A Kenya Airways plane in flight. PHOTO | FILE | NATION MEDIA GROUP Kenya Airways has announced that it will be making some adjustments on some of its routes by either stopping, cutting on frequencies or suspending flights altogether. Experts have warned that the number of passengers will remain subdued as flights the world over […]
Like human beings, companies have their lifespan. Some may look like they will be around forever, but then some unforseen change comes about, and unable to cope, they die. Others shut down within hours or days of being born. While some stay on life support for an unusually long time, others make a surprise recovery. […]
Delivery trucks outside the Kenya Breweries plant in Nairobi on July 23, waiting to be loaded with alcoholic beverages. PHOTO | FILE | NATION MEDIA GROUP Trucks are still at its Nairobi plant. Crates piling up at its storage yards as expired liquor from the field is ferried back to its depots. In Kisumu, its […]
Kenya Airways planes parked at JKIA. PHOTO | FILE | NATION MEDIA GROUP They opposed any move by the airline to reduce staff, instead urging for measures to expand its network and preserve Nairobi as an economic hub for the East African region. Kenya Airways top management has, however, termed its decision as “right-sizing” the […]
Kenya Airways planes parked at JKIA. PHOTO | FILE | NATION MEDIA GROUP The Federal Aviation Authority (FAA) said the Boeing 737NG aircraft that have been idle since the outbreak of Covid-19 could form corrosion on the air check valves. This anomaly that can lead to stalling of the two engines when the airplane is […]
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