Kenya US FTA Talks to Kick Off on July 7
Trade talks between Kenya and the US on the Free Trade Agreement (FTA) will begin on July 7th, building up to the signing of the agreement. Speaking on the forum [...]
Jambojet Seeks Approval to Expand Cargo Destinations
Low-cost carrier, Jambojet, is seeking approval to expand its cargo destinations, as well as operate direct flights between cities in Kenya without stopping at its hub in Nairobi. If approved, [...]Delta Airlines Warns 2,500 Pilots of Possible Furloughs
Delta Airlines plans to send warning notices to more than 2,500 pilots about potential furloughs. The carrier and the labor union have reached an agreement for an early retirement option, [...]Kenya to Lift Inter-county Lockdown, Resume Domestic Flights President Kenyatta
Kenya's President, Uhuru Kenyatta has hinted at the lifting of the lockdown in Nairobi and Mombasa counties that has been in effect since April 7th. This was in response to [...]Prices Stagnate at Weekly Mombasa Tea Auction
The weekly Mombasa Tea Auction held on the 22nd and 23rd June 2020 recorded 12.9 million kilograms offered for sale. The amount of tea on offer recorded an increase from 10.2 million [...]COVID-19 Could Cost Kenya Airways KSh50 Billion Revenue by December
Kenya Airways (KQ) management estimates that the airline could lose up to KSh50 billion by the end of the year. Speaking during yesterday's 44th Annual General Meeting, CEO Allan Kilavuka [...]Stock Market Weekly Market Report
The Equity Market closed the week with 146 Million shares valued at KSh2.7Billion against 133Million shares valued at KSh3.2Billion transacted the previous week. The NSE 20 share index was down [...]
Kathryne Maundu appointed company secretary at BAT Kenya
The Board of Directors at British American Tobacco(BAT) Kenya has appointed Kathryne Maundu as the firm's company secretary effective 27th June, 2020. She replaces Waeni Ngea who has resigned effective [...]Kenya's Central Bank Projects Strong Post Virus Economic Recovery
The Central Bank of Kenya (CBK) projects Kenya's economy to begin making a strong post-pandemic recovery during the second quarter of this year, running between May and August 2020. The [...]COVID-19 Delays the Nationalization of Kenya Airways
The schedule of nationalizing Kenya Airways(KQ), has been pushed by over two months, owing to disruptive effects of COVID-19 pandemic on the global aviation business. Parliament is expected to restart [...]Kenya's Central Bank Retains Key Rate at 7 Percent
Kenya's monetary policy committee retained the key lending rate at 7 percent during yesterday's meeting. The team said that mitigation measures deployed since March have been having the desired outcome. [...]
Daily Markets Report
Market Turnover at the Nairobi Securities Exchange( NSE) retreated to KSh 696 Million at the end of trading today. This is a decline from KSh 1.1 Billion recorded yesterday. The [...]
