Carbacid Half-Year Profit Grows by 70%
Carbacid has recorded a 70% increase in the half year net profit to reach KSh178.7 million from KSh105.3 million posted in a similar period last year. The firm which is [...]
Jambojet Plans to Fly to Somalia Halted
Jambojet's plan to fly to Somalia has been stalled after Somali authorities denied the carrier morning landing slots. Somalia authorities argued that there is high traffic during that time. The [...]
KQ Sees Prospects of Direct Flights to Tel Aviv
Kenya Airways (KQ) is finally seeing the possibility of scheduling direct flights from Nairobi to Tel Aviv, Israel. This is after Sudan gave the Israeli national carrier, El Al, permission [...]Former Kenya Re Boss Sentenced to 2 Years in Jail
The High Court has upheld the ruling that former Kenya Re executive, Jackson Githaka, serves two years in jail or pay a fine of KSh15.1 million for fraudulent acquisition of [...]Daily Global Markets Wrap Up
Apple (AAPL) has issued a profit warning saying it does not expect to meet its revenue guidance for Q1 amid the coronavirus outbreak with total mainland confirmed cases at 73,335, [...]New Deal to Boost Mombasa Cruise Ship Tourism
A memorandum of understanding signed last week will boost cruise ship tourism at the port of Mombasa. Kenya has held meetings with Vanilla Islands, a consortium of island nations including [...]
Clearing Firms Reject New Verification Fee
Clearing and forwarding firms at the Nairobi Inland Container Depot (ICD) have protested against the new verification fee that Kenya Ports Authority (KPA) is imposing on them. The Star reports [...]Government Devises Methods to Revive Coffee Sector
The government has devised new ways to revive the ailing coffee sector, among them the establishment of a coffee research institution. This comes as a wake-up call, seeing that statistics [...]Longhorn Revenue Up 4%, Net Profit Remains Flat
The book publisher and marketer, Longhorn posted a 4% increase in revenue to KSh725 million in the half year period that ended on 31st December 2019. Despite the jump in [...]US-Kenya Trade Deal Threatens Regional Pact
The new US-Kenya trade deal threatens and undermines the existing continent-wide commerce pact. President Uhuru visited Washington at the end of January in a bid to cement an agreement between [...]Safaricom Targets Additional 2 Million Customers with New Prefix Numbers
Safaricom announces the introduction of sim cards with the 0110 and 0111 prefixes available to customers across the country. In addition, the telco says that customers will have the freedom [...]Flutterwave CEO Olugbenga Agboola (GB) Talks Africa's Payments Landscape
We recently hosted Mr Olugbenga Agboola, aka GB, the CEO of San Francisco and Lagos-based fintech startupFlutterwave to talk about Africa's payments landscape. We talked about the regulatory challenges across [...]
