Co-op joins queue of banks expecting significant profit hits

By Kepha Muiruri,

The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...

Co-operative Bank of Kenya , profit warnings

World Bank sees strong growth for Kenya in 2021

By Kepha Muiruri,

The World Bank Group expects Kenya to lead the Sub-Saharan region out of the economic shackles of 2020 in the New Year. In its early predictions fo...

debt , Kenya's GDP , World Bank Group

Hotels back to square one as holiday wrap cuts domestic tourism

By Kepha Muiruri,

Local hotels are effectively scheduled for a reset as the end of the Christmas festivities cut off domestic tourism. Kenyans travelling domesticall...

2020 review: Millions mark end of the year in economic despair

By Kepha Muiruri,

Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase �...

coronavirs , economy , tax

SGR passenger train service from Nairobi to Mombasa fully booked

By Faizal Ahmed,

The Standard Gauge Railway (SGR) passenger train service from Nairobi to Mombasa is fully booked until December 27, 2020 as travelers flock the coasta...

festive season , Madaraka Express train , SGR

CS Balala ties up tourism recovery to vaccine hopes

By Kepha Muiruri,

Tourism Cabinet Secretary Najib Balala has tied up the recovery of the industry to the eventual approval and rollout of a vaccine to pin down the spre...

COVID-19 , CS Najob Balala , Tourism in Kenya

Kenya is Africa’s leading tourist destination: World Travel Awards

By Citizen Reporter,

Kenya has been named Africa’s leading tourist destination, 2020 by the World Travel Awards (WTA). The announcement was made during the inaugural ...

tourist destination , World Travel Awards

Bar, hotel owners confident of staying in business as COVID-19 restrictions loom

By Kepha Muiruri,

Bar and hotel owners are confident of remaining in operation even as the return of COVID-19 related restrictions looms on the back of increased infect...

bars , coronavirus , COVID-19 , lockdown , PERAK

Kenyan economy shrinks for the first time since September 2008

By Kepha Muiruri,

The Kenyan economy contracted for the first time since the third quarter of 2008 as second quarter growth dropped to a negative 5.7 per cent from a po...

COVID-19 , Kenya's economy , recession

KQ pilots push for the recompositing of proposed aviation board

By Kepha Muiruri,

Kenya Airways (KQ) pilots represented by the Kenya Airline Pilots Association (KALPA) have called for the recompositing of the proposed Kenya Aviation...

Kenya Airline Pilot Association (KALPA) , Kenya Airways (KQ) , The National Aviation Management Bill

Govt Ksh.56.6B economic rescue package ineffective: Budget Office

By Kepha Muiruri,

The Parliament Budget Office (PBO) has cast doubt into the effectiveness of the recently approved Ksh.56.6B economic stimulus package. In its lates...

Kazi Mtaani , Post Covid-19 Economic Stimulus Package (PC-ESP)

Kenya’s unemployment rate doubles as 1.7M lose jobs between April and June-KNBS

By Kepha Muiruri,

Kenya’s unemployment rate grew two times between April and June as 1,716,604 Kenyans lost jobs in the period. According to the just released quar...

coronavirus , COVID-19 , KNBS , unemployment

Money in circulation grows by Ksh.203 billion in four months

By Kepha Muiruri,

Money in supply within the Kenyan economy has defied the shocks of the COVID-19 pandemic expanding by Ksh.203 billion or an equivalent 30.7 per cent. ...

Central Bank of Kenya (CBK) , COVID-19 , money in circulation

Iconic InterContinental hotel mulls permanent closure, to fire all staff

By Kepha Muiruri,

InterContinental Hotels Corporation Limited Kenya is considering winding up its local operations which would end the closure of the Iconic InterContin...

COVID-19 , hospitality in Kenya , InterContinental Nairobi

60 percent of local hotels open doors as international travel resumes

By Kepha Muiruri,

Six hotels out every 10 in Kenya are now open to business following the resumption of international flights. According to the Central Bank of Kenya...

COVID-19 , Hotels , international flights

China, Zimbabwe among 11 countries to be allowed air travel to Kenya starting August 1

By Citizen Reporter,

The Government has announced that international flights will resume starting August 1 with China and Zimbabwe among countries allowed air travel to Ke...

air travel , china , coronavirus

Local firms’ foresee an economic rebound on further restrictions ease

By Kepha Muiruri,

Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy

Who is affected by Trump’s new rules on work visas?

By VOA,

U.S. President Donald Trump suspended the entry of certain foreign workers on Monday until the end of the year, a move the White House said would help...

Trump , U.S. visa , work visas

Hemingways re-opens Nairobi, Watamu Properties after two-month hiatus

By Kepha Muiruri,

Hotel chain Hemingways has re-opened its Nairobi and Watu Properties after a two-month hiatus forced upon by the COVID-19 pandemic. The re-opening ...

COVID-19 , Hemingways

Government waives airline landing fees in industry turn-around boost

By Kepha Muiruri,

The government has lifted landing fees charged to airlines as part of incentives to support the industry’s turnaround as it emerges from depths of C...

airlines , COVID-19 , Ministry of Tourism