Kenya Airways Boeing 787-8 Kenya Airways (KQ, Nairobi Jomo Kenyatta ) has been granted waivers and deferrals on unpaid interest on KES25 billion shillings (USD217 million) worth of loans from the Kenyan government, advanced in the past two years to enable the airline to sustain operations during and after the COVID-19 pandemic. According to the […]
Nairobi — The International Monetary Fund (IMF) staff has reached an agreement to advance Sh28 billion loan to Kenya as part of the 38-month IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF)financed program. The agreement is the third review of the economic policies program which took place between March 31 and April 22. […]
US Dollars. PHOTO| FILE Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, setting off alarm bells in Europe and at the global police agency Interpol over possible money laundering. Bank statements provided by a European investigator revealed a cross-continental operation […]
Africa remains the biggest driver of Kenya Airways’ #ticker:KQ revenue, highlighting the important role that the regional countries play in keeping the carrier afloat. Industry data indicates that the airline earned Sh38 billion in revenue from its operations in Africa last year, which was a significant rise from the Sh27 billion that was realised in […]
Travelers stranded after closure of Entebbe international Airport runway By Ritah Kemigisa The Uganda Civil Aviation Authority has assured passengers who missed flights yesterday that they will not pay more money for tickets. The airport was temporarily shut down yesterday after a RwandAir aircraft skidded off the runway blocking traffic. Speaking to KFM, the authority […]
Kenya Airways Boeing 787-8 Kenya Airways (KQ, Nairobi Jomo Kenyatta ) has been granted waivers and deferrals on unpaid interest on KES25 billion shillings (USD217 million) worth of loans from the Kenyan government, advanced in the past two years to enable the airline to sustain operations during and after the COVID-19 pandemic. According to the […]
Passengers board an airplane at Jomo Kenyatta International Airport (JKIA) during the launch of Jambojet’s direct flight to the Eastern DRC city of Goma on September 10, 2021. PHOTO | LUCY WANJIRU | NMG Local airlines are increasing frequency on the Kisumu route ahead of next month’s Africities summit. The ninth edition of the meeting […]
Planes at the Moi International Airport. PHOTO | JEFF ANGOTE | NMG The cost of air tickets for domestic routes has fallen by more than half after the Easter holiday ended, giving relief to travellers who had been stranded when charges more than doubled. A one-way ticket that was costing as high as Sh17,000 on […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG Air transport plays a key role in many economies. In Kenya, the Vision 2030 blueprint aims at positioning the country as a transport hub in the region. With the African Continental Free Trade Area pact in […]
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