Airline Industry on Road to Recovery as IATA Publishes Positive Forecasts for 2022
The International Air Transport Association (IATA) has announced an upgrade to its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. [...]
Uganda Airlines Receives Landing Rights at Guangzhou
Uganda Airlines has received landing rights at Guangzhou Baiyun International Airport located in southern China. The public relations manager of Uganda Airlines, Shakira Rahim says this is the first-ever direct [...]Amazon to Expand to Africa in 2023
Amazon is planning to expand into five countries across Africa, Europe, and South America, while maintaining its base in the United States according to reports by the Business Insider. The [...]Cosmetics Giant, Revlon Files for Bankruptcy in the US
Cosmetics maker Revlon has filed for Chapter 11 bankruptcy in the US, as it says supply chain disruptions have driven up the cost of raw materials for its products. The [...]NSE Pointing to a Bear Market-Where Are the Opportunities?
The NSE( Nairobi Securities Exchange) Equities Market is sliding into a bear one if figures from the bourse are anything to go by. For instance, the NSE performance report for [...]
Microsoft to Invest in Kenya’s Agritech
Microsoft says it is committing to working with Kenya’s Ministry of Agriculture through a platform that will digitize agriculture in Kenya. Microsoft Kenya Acting Country Manager Kunle Awosika said the [...]Google Offers Scholarships to Enable Kenyan firms Go Online
Google, the USA-based multinational technology company, is offering 1,000 scholarships to small retailers in Kenya to enable them to shift their business to online platforms and sell their wares and [...]KQ Expands Codeshare Agreement with Delta Airlines
Kenya Airways (KQ) has expanded its codeshare agreement with and Delta Airlines, seeking to offer customers seamless travel to a total of 44 cities in Africa, the United States, and [...]Qatar Airways Reports Record profit in the global airline industry
Qatar Airways Group has announced a record net profit of US$ 1.54 billion for the fiscal year 2021/22, representing a 200 per cent above its highest annual historical profit. The [...]Kenya Seeks More Flight Destinations with Deals with 8 Countries
The Ministry of Transport has tabled bilateral air service agreements between Kenya and eight countries that will see Kenya Airways (KQ) expand its flights destinations to new markets. The Transport [...]Namibia Hikes Key Interest Rate to 4.75% to Temper Inflation
Namibia’s central bank increased its key interest rate by the biggest margin since 2007 to safeguard its currency peg with South Africa’s rand and stymie inflation. The monetary policy committee increased the [...]
Coca-Cola to Delay Public Listing Until 2023
Coca-Cola Co. delayed the planned initial public offering of part of its stake in an African bottler of its products, saying a rescheduled listing would depend on improved market conditions. The [...]
