Uganda Securities Exchange (XUGA)
An Emirates Airlines plane. Kenya and UAE have been embroiled in a feud over a mutual flight ban. PHOTO | FILE | NMG Kenya says it will consider allowing Emirati aircraft only after negotiations with the United Arab Emirates (UAE) to reopen their airspace on Kenyan flights. The two countries have been embroiled in a […]
An Emirates Airlines plane. FILE PHOTO | NMG Travellers from Dubai will be allowed into the country from today after Kenya lifted a ban it had imposed on all inbound and transit passenger flights from the Middle East nation two weeks ago. The move come days after Kenya’s Foreign Affairs Cabinet Secretary Raychelle Omamo said […]
Long distance trucks on the Eldoret-Webuye highway, joining the long queue from Malaba border before proceeding to Uganda. PHOTO | JARED NYATAYA | NMG Kenya and Uganda have introduced new measures to expedite the clearance of goods still stuck at Malaba border posts after weeks of protests by truck drivers over Covid-19 testing. Although the […]
With financial woes compounded by Covid-19 economic hardships, it is likely many more airlines will go under. Two of the continent’s biggest carriers – South African Airways and Kenya Airways – are under financial stress. Africa has 357 airlines, the top 10 of which carried more than 60 percent of traffic. This reflects the fact […]
A recent report by the Financial Transparency Coalition (FTC) indicated that Kenya has channeled a mere one per cent of Covid related bailout funds to SMEs, despite having a credit guarantee scheme and on lending funds by banks. George Onyango with fellow jua kali artisans at his Kamukunji workshop, Nairobi /JACK OWUOR Majority of small […]
PRESS RELEASE PUBLICATION OF THE RESULTS OF THE DIASPORA REMITTANCES SURVEY The Central Bank of Kenya (CBK) announces the publication of the results of the first- ever Diaspora Remittances Survey . The Survey was conducted from March to May 2021, aimed at collecting valuable information on remittance inflows to Kenya, with the objective of boosting […]
The Covid-19 pandemic caused distressing times for banks all over the world. And in Africa, the story isn’t any less concerning. The continent as a whole went through its deepest recession in at least half a century. In aggregate, GDP in South Africa, Nigeria, Morocco and Kenya — Africa’s four most important banking centres — […]
The Argentinian low-cost carrier Flybondi is set to receive its fifth and sixth aircraft, allowing the carrier to recover and outgrow its pre-pandemic capacity levels. Additionally, Flybondi has restarted its international connectivity, flying to Brazil and Uruguay from Buenos Aires. Flybondi is looking to have a fleet of ten aircraft in Argentina. Photo: Flybondi New […]
A Kenyan passport. FILE PHOTO | NMG The Immigration Department has remained mum as the deadline for phasing out the old passport lapsed two weeks into the New Year, creating confusion among travellers and airlines. The government had in February last year extended the deadline by 10 months, which was to end in December 2021, […]
A Virgin Atlantic 787-9 departing London Heathrow. (Photo: AirlineGeeks | William Derrickson) Transatlantic flights are certainly always in season and are considered the backbone business for long-haul airlines, as passengers are always looking for a quick, direct flight or a connecting flight to their favorite destination. Thus, several airlines have consistently made the effort to […]
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