Kenya Airways’ KAA Debt Rise to KES 4.6 Billion
Kenya Airways (KQ) owes the Kenya Airports Authority (KAA) KES 4.62 billion, with the airport use debt increasing by KES 377.55 million in the last year. According to Auditor General [...]
Sameer Africa Appoints John Mugo as Managing Director
John Mugo has been appointed as the new managing director of Sameer Africa, effective January 1. Mr Mugo will succeed Peter Gitonga, who has been serving in an acting capacity [...]National Treasury Cuts Kenya Power's Bailout by 75%
The National Treasury has cut Kenya Power's bailout this financial year by 75%, on the back of improving revenue and the expiry of the 15% tariff cut that will ease [...]KQ to Get an Additional KES 35 Billion in State Bailout
Kenya Airways (KQ) will get an additional State bailout of KES 34.9 billion to help the airline repay debts including to aircraft lessors. In a letter to International Monetary Fund [...]Producer Inflation Rises to its Highest Points Since 2019
A sharp rise in producer inflation, which measures the price movement of manufactured goods before they are shipped to retailers, has reached a three-year high as players deal with supply [...]Mukuru Clean Stoves, Awarded $1.2 Million Earthshot Prize for 2022
Mukuru Clean Stoves, the clean energy startup that provides alternative energy sources to low-income earners in Kenya's informal settlements, has won the second-annual Earth shot Prize, taking home £1 million [...]AfDB Loans $72 Million for Building 35MW Geothermal Plant in Menengai
Globeleq has received a loan of $72 million from a consortium of financiers led by the African Development Bank (AfDB) to put up the 35-megawatt power plant at Menengai. The [...]GDC on Spot over Unused Equipment Worth KES 4.4 Billion
AuditorGeneral Nancy Gathungu has flagged procurement deals at Geothermal Development Company (GDC) that have left it stuck with unutilised supplies worth billions of shillings. In her recent report, Gathungu has [...]IMF Calls for Privatisation of KQ Kenya Power
The International Monetary Fund (IMF) wants a speedy privatisation of Kenya Airways and Kenya Power among others as part of its loan conditions to Kenya. Kenya has also been under [...]IM Gives KES 2 Billion Green Loans to SMEs for Three Years
Since 2019, IM Bank has disbursed over KES 2 billion in loans to Micro, Small, and Medium Enterprises (MSMEs) through its green energy funding scheme, accounting for more than 33% [...]Treasury Sets Ruto's First Budget at KES 3.6 Trillion as Govt Looks into Higher Tax Collections
The Treasury has set President William Ruto’s first budget at KES 3.64 trillion as Kenya’s fifth Head of State builds his economic legacy that promises to create jobs for millions [...]
KQ Expands Codeshare Agreement with Saudi Arabian Airlines
National carrier Kenya Airways (KQ) and Saudi Arabian Airlines (SV), the national carrier of the Kingdom of Saudi Arabia, have expanded their codeshare agreement to include the recently announced Mombasa-Dubai [...]
