BUSINESS NEWS
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16 airlines have signed agreements with the United Nations (UN) for the distribution of COVID-19 vaccines around the world.
Only two airlines from Africa made it to the list but national carrier Kenya Airways (KQ) is not one of them. The two include Ethiopian Airlines and Nairobi-based Astral…
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Kenya is set to receive a loan of $2.4 billion (Sh262.68 billion) from the International Monetary Fund (IMF) to support the country’s second phase of COVID-19 response.
On Tuesday, IMF announced it reached an agreement with Kenya on a 38-month program, with disbursement expected to start in the…
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Kenya Airways (KQ) has reduced the number of direct flights to the US to once a week, citing low demand.
The airline has been operating two weekly flights since November last year when it resumed flights between the Jomo Kenyatta International Airport (JKIA) in Nairobi and JFK Airport in New York…
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A close ally of US President Joe Biden has expressed support for the proposed free trade agreement (FTA) between Kenya and the US.
Congressman Richard Neal exuded confidence that the negotiations for the trade pact between the two countries, which started under the Trump administration, will be…
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The US Chamber of Commerce has urged President Joe Biden’s administration to fast-track the ongoing negotiations for a free trade agreement between the US and Kenya.
The discussions commenced in July 2020, with a view of crafting a comprehensive agreement that will act as a model for similar pacts…
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Kenya’s KCB Group has filed a formal application seeking to acquire two banks in Tanzania and Rwanda for Sh4.4 billion ($40 million).
The application was made to the regional competition body—Comesa Competition Commission, which has since started collecting views from interested parties…
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Kenya Airways (KQ) has temporarily suspended flights to some of its European routes, citing new COVID-19 regulations.
The airline announced it will not fly to Charles de Gaulle Airport in Paris, France, and the Schipol Airport in the Netherlands for the entire month of February.
“The temporary…
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Kenya Airways (KQ) has announced a fresh round of pay cuts affecting employees earning Sh45,000 and above.
The workers will have their salaries trimmed by up to 30 percent in a move aimed at keeping the national airline afloat amid the financial woes occasioned by the COVID-19 pandemic.
KQ CEO…
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The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the weekend received a major boost.
This was after nearly 200 foreign tourists landed at Moi International Airport (MIA) in Mombasa on Saturday aboard a chartered flight.
The Boeing 737-800 plane arrived at…
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Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to pass the Sh1 trillion balance sheet mark.
The milestone was achieved following the successful migration of DR Congo’s Banque Commerciale Du Congo (BCDC) to Equity’s core banking platform.
Equity has…
