Kenya Airways 787 Dreamliner plane at Moi International Airport in Mombasa. FILE PHOTO | NMG Under the programme, Boeing team will take over the management of all the repairs and overhaul processes of the Kenya Airways that is a subject of state takeover. The agreement was signed on Wednesday at the 2022 MRO Middle East […]
Tag: XUGA_NMG
NSE sheds Sh92bn in a day as Russia invades Ukraine
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
Paint firms lose bid to block new taxes on raw materials
Justice James Makau. PHOTO | FILE | NATION MEDIA GROUP The High Court has dismissed a petition by manufacturers to quash new taxes imposed by the government on raw materials used in the production of paints. Justice James Makau ruled that levying of tax cannot be said to be a breach of the right to […]
Egypt vows to look after stranded Russians, Ukrainians
Lufthansa airplanes in Hamburg, Germany. The airline has suspended flights to Ukraine. PHOTO | FILE | NATION MEDIA GROUP Tourists from countries where air travel has been disrupted would be able to "stay in the hotels where they are in Egypt until their safe return home," the tourism ministry said. The sector has been battered […]
NSE sheds Sh92bn in a day as Russia invades Ukraine
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
Questions as ‘New Vision’ stocks fall 80pc
Traders at the Uganda Securities Exchange. Shares of New Vision Publishing Company closed more than 81 percent down on February 10. PHOTO | FILE | NMG New Vision and Uganda capital markets regulators have failed to provide answers for the plunge of the share price, which eroded investors’ wealth. New Vision could report weaker-than-expected revenue […]
Kenya Airways signs service deal with Boeing
Kenya Airways 787 Dreamliner plane at Moi International Airport in Mombasa. FILE PHOTO | NMG Under the programme, Boeing team will take over the management of all the repairs and overhaul processes of the Kenya Airways that is a subject of state takeover. The agreement was signed on Wednesday at the 2022 MRO Middle East […]
Kenya Airways says it is fast-tracking South African Airways partnership
Kenya Airways and South African Airlines signed a Strategic Partnership Framework in South Africa last November, in a move that will see the two carriers eventually form a Pan-African carrier. PHOTO | FILE | NMG Troubled Kenya Airways says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it […]
Blackout fears as Kenya Power staff plan strike
Electricity House which is the Kenya Power head offices in a Picture taken on May 30, 2018. PHOTO | EVANS HABIL | NMG Kenya Power’s workers have threatened to go on strike in a dispute over the firm’s plans to lay off 20 percent of its employees or nearly 2,000 staff, most of them ageing. […]
Pay-for-use leasing deal saves KQ Sh4.7 billion
Kenya Airways CEO Allan Kilavuka. FILE PHOTO | NMG Kenya Airways saved $45 million (Sh4.7 billion) in fees after it changed the lease terms on its aircraft fleet, opting for hourly rates in place of fixed costs. Kenya Airways Chief Executive Allan Kilavuka said the airline reached a deal with the lessors in 2021 to […]