Relief as Jambojet to Resume Flights to 5 Local Destinations
Low-cost carrier, Jambojet, has announced plans to resume flights to five local destinations with effect from 15th July 2020. For a start, the airline will operate 4 weekly flights to [...]
Jan- May Horticulture Earnings Significantly Improve
Horticulture exports earnings hit KSh72 billion between January and May 2020, up from KSh65 billion for the same period last year, translating to an 11% increase. Benjamin Tito, head of [...]Integrity Index Released by British Chamber of Commerce Kenya
The British Chamber of Commerce Kenya (BCCK) has released its inaugural Integrity Index which features a selection of companies based in Kenya, that have a track record in working with [...]Kenya's Current Account Deficit Narrows to 5.2% in May
Kenya’s current account deficit narrowed to 5.2 percent of GDP in the 12 months to May 2020 compared to 5.6 percent of GDP in the 12 months to April according [...]
Safaricom Loses Petition to Limit Free Mobile Money Transactions
Safaricom lost a petition to limit free transactions between two people, in a bid to protect revenues. The Telco wanted to cap the free transactions at five, to limit incidences [...]IM Shareholders Approve KSh 2.55 Final Dividend
IM Holdings shareholders approved a first and final dividend of KSh 2.55 per share during the recent Annual General Meeting (AGM) held on 26th June. The group paid the dividends [...]WPP Scangroup to Pay KSh8 Special Dividend
WPP Scangroup will pay a special interim dividend of Ksh8.00 for every ordinary share held to shareholders on the company register at close of business on 28 July 2020. Reuben [...]CBK Floats KSh 60 Billion Treasury Bonds
The Central Bank of Kenya(CBK) has invited investors to bid for KSh 60 Billion worth of Treasury Bonds. The proceeds will be used for budgetary support. All bids must be [...]
CMA Introduces Transitional Rules at Nairobi Coffee Exchange(NCE)
The Capital Markets Authority(CMA) has moved to institute a transitional payment system as it takes over the oversight role at the Nairobi Coffee Exchange(NCE). The Authority has directed that existing [...]Madaraka Express to Resume Passenger Services
Kenya Railways is set to resume Madaraka Express passenger services on the Standard Gauge Railway (SGR). This follows President Uhuru Kenyatta's announcement on the easing of restrictions on movement in [...]State Clears KSh 185 Million KPCU Debt
The Government has cleared the KSh 185 million debt that was owed to KCB Group by coffee miller New Kenya Planters Co-operative Union(KPCU). The move lifts KPCU out of receivership [...]Domestic Flights Will Not Block Middle Seats KCAA
Kenya Civil Aviation Authority (KCAA) has exempted domestic flights from leaving the middle seat open after they resume passenger flights later this month. According to KCAA director-general, Gilbert Kibe, flying [...]
