A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The Nairobi Securities Exchange (NSE) will introduce day trading from next month to deepen capital markets, where turnover and trading activity has remained flat in recent years. The NSE said on Tuesday it had received approval from the Capital Markets Authority (CMA) […]
A KQ Dreamliner aircraft. FILE PHOTO | NMG Kenya signed the deal with the US on February 5, 2020 proposing to revise an earlier agreement inked in Washington DC on June 8, 2008. The pact will also allow national airlines such as Kenya Airways to access US routes and the American carriers to access the […]
A KQ Dreamliner aircraft. FILE PHOTO | NMG Kenya Airways has the most expensive tickets among airlines operating in Africa, charging more on average than carriers such as Ethiopian Airlines, South African Airways and Air France. The finding shows the national carrier risks losing market share to cheaper rivals like Ethiopian Airlines and new entrants, […]
President Uhuru Kenyatta. He unveiled a Ksh25 billion ($225,123,817) economic stimulus package to jump-start the economy, create jobs, and pacify his political base ahead of the 2022 General Election. FILE PHOTO | NMG Kenya’s President Uhuru Kenyatta Wednesday unveiled a Ksh25 billion ($225 million) economic stimulus package to jump-start the economy, create jobs, and pacify […]
A Kenya Airways plane. FILE PHOTO | NMG Passengers flying Kenya Airways to the United Kingdom can now connect to 26 cities in the UK and Europe after the national carrier signed a code-share agreement with British Airways. The partnership will boost business travel and tourism between African destinations and Europe. The move will give […]
Protecting small borrowers from the impact of Corvid-19 is a good thing. Businesses can only thrive in a stable environment and where changes in the law are predictable. In April last year, the government suspended listing of a category of borrowers for six months and set the minimum threshold for negative credit information to CRBs […]
KQ to add more flights to the UK route after Kenya was removed from England’s red list. PHOTO | FILE | NMG The announcement comes three weeks after British Airways resumed flights on the Nairobi-London route, setting the stage for fare competition between the two carriers. Kenya Airways is banking on scaling up frequencies to […]
Stanbic Holdings has announced the appointment of Mr. Joseph Muganda as an Independent Non-Executive Director on the Board effective 12th October, 2021. Joe Muganda holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting and Financial Management from the University of Buckingham (UK). He has previously worked as the Managing Director […]
According to Orbit Securities’ weekly market report for a period ending October 8, 2021, a total of 3,589,772 shares were traded on the bourse during the course of the week as compared to 686,039 shares traded in the previous week. “CRDB was this week’s top mover, accounting for 54.856 percent of the turnover,” the report […]
Dyer and Blair chairman Jimnah Mbaru. FILE PHOTO | NMG MTN Uganda has picked Kenyan investment bank, Dyer and Blair, to assist with its initial public offering (IPO) guaranteeing the firm, owned by billionaire businessman Jimnah Mbaru hefty fees. The $250 million (Ush895.56 billion) IPO opened on Monday. Investors can apply for shares through SBG […]
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