IMF asks Kenya to limit support to struggling State corporations

By Kepha Muiruri,

The International Monetary Fund (IMF) has asked the National Treasury to limit its support to struggling State owned enterprises (SOEs) as part of new...

International Monetary Fund (IMF) , National Treasury , State corporations.

Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B

By PSCU,

President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill

Michael Joseph: Kenya Airways nationalization is not the answer anymore

By Kepha Muiruri,

Kenya Airways (KQ) Board Chairman Michael Joseph says the proposed nationalization of the carrier is not the only way out for the struggling airline w...

Kenya Airways (KQ) , Michael Joseph , parliament

KQ reports Ksh.36.2B loss, the largest in Kenya’s corporate history

By Kepha Muiruri,

Kenya Airways (KQ) has reported a near three times loss expansion to Ksh.36.2 billion in the year ended December 31, 2020. This is the largest loss...

Allan Kilavuka , COVID-19 , Kenya Airways (KQ)

Supplementary budget pushes up borrowing by Ksh.125.7 billion

By Kepha Muiruri,

The first 2020-21 supplementary budget estimates approved by the National Assembly will push up borrowing by a further Ksh.125.7 billion increasing Ke...

borrowing , Kenya's debt distress , National Treasury

China’s fleet now larger than US Navy

By CNN,

In 2018, Chinese President Xi Jinping donned military fatigues and boarded a People's Liberation Army Navy destroyer in the South China Sea. Spread...

china

KQ poised for Ksh.10B bailout by state

By Citizen Reporter,

The details of the additional cash injection into the national carrier-KQ- are contained in the supplementary budget tabled in the national assembly a...

kq

Airlines ban alcohol on planes in response to COVID-19

By CNN,

Alcohol sales may have boomed during lockdown, but our return to air travel will be an altogether more sobering experience. Airlines including Eas...

airlines , alcohol , COVID-19

Budget day: Yatani’s budget of pain

By Kepha Muiruri,

In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...

2020/2021 budget , CS Ukur Yatani , National Treaasury

Covid-19: Europe’s leading global airline is losing $1 million an hour and needs a bailout

By CNN,

Lufthansa is locked in crunch talks with the German government on the terms of a rescue deal, as it fights to avoid bankruptcy while keeping state inf...

Lufthansa

OPINION: Stimulus plan is needed to help Kenya bounce back from coronavirus

By Joseph Bonyo,

At the beginning of the year, a key conversation was on how the Kenyan economy would turn out in 2020. The fears then were around  poor performance ...

coronavirus

Coronavirus: Facebook, LG Electronics and Standard Chartered restrict travel to China

By Reuters,

Facebook Inc and other global companies including LG Electronics Inc and Standard Chartered Plc are restricting travel to China. This as the death ...

coronavirus

China warns of countermeasures if U.S. puts missiles on its ‘doorstep’

By Reuters,

China threatened countermeasures on Tuesday if the United States deploys intermediate-range, ground-based missiles in Asia and warned U.S. allies of r...

china , Missiles , United States

Jambojet licensed to operate in 7 more countries

By Nigel Wafula,

Jambojet Kenya has acquired a three-year licence deal which allows the company to operate in seven more regional destinations. The Kenya Civil  Av...

Jambojet

SAS pilots go on strike, stranding thousands of passengers

By Reuters,

SAS pilots in Norway, Sweden and Denmark went on strike on Friday as wage talks broke down, triggering queues at airports as the carrier canceled arou...

SAS pilots go on strike

Suspicion and strife strain Ethiopian plane crash probe

By Reuters,

At the headquarters of the Ethiopian Civil Aviation Authority, a paper sign balanced above room 107 and a threadbare square of carpet welcome a stream...

Ethiopia plane crash

Indonesia airline cancels 49-jet Boeing Deal

By VOA,

Indonesia’s national carrier Garuda has told Boeing it will cancel a multibillion-dollar order for 49 Boeing 737 Max 8 jets after two fatal crashes ...

Indonesia

Global Boeing fears grow, families await Ethiopia crash remains

By Reuters,

Singapore, Australia, Malaysia and Oman became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian...

Australia , Boeing 737 MAX , Malaysia , Oman , Singapore

Singapore, Australia, China, Indonesia ground Boeing’s 737 MAX 8 as concerns mount

By Reuters,

Singapore and Australia suspended operations of all Boeing 737 MAX aircraft in and out of their airports on Tuesday, and Indonesia and China grounded ...

Australia , Boeing 737 MAX , china , Indonesia , Singapore

Crisis may be easing, but nuclear threat still hangs over India and Pakistan

By CNN,

Tensions on the border between India and Pakistan last week pushed the two nuclear-powered South Asian adversaries closer to conflict than at any poin...