BUSINESS NEWS

Kenya Airways (KQ) has temporarily suspended flights to some of its European routes, citing new COVID-19 regulations. The airline announced it will not fly to Charles de Gaulle Airport in Paris, France, and the Schipol Airport in the Netherlands for the entire month of February. “The temporary…

Kenya Airways (KQ) has announced a fresh round of pay cuts affecting employees earning Sh45,000 and above. The workers will have their salaries trimmed by up to 30 percent in a move aimed at keeping the national airline afloat amid the financial woes occasioned by the COVID-19 pandemic. KQ CEO…

The Kenyan tourism sector, which is reeling from the effects of the COVID-19 pandemic, over the weekend received a major boost. This was after nearly 200 foreign tourists landed at Moi International Airport (MIA) in Mombasa on Saturday aboard a chartered flight. The Boeing 737-800 plane arrived at…

Kenya’s Equity Group has made history by becoming the first bank in Eastern and Central Africa to pass the Sh1 trillion balance sheet mark. The milestone was achieved following the successful migration of DR Congo’s Banque Commerciale Du Congo (BCDC) to Equity’s core banking platform. Equity has…

Safaricom has announced the reduction of MPesa transaction charges by as much as 45 percent.  The move is in line with the Central Bank of Kenya (CBK) directive requiring mobile money operators to submit new tariff structures that meet new principles such as transparency, fairness, and…

Kenya Airways (KQ) and Air France KLM Group have agreed to mutually terminate their Africa-Europe partnership. The airlines’ joint venture on seven routes between Europe and Africa will cease on September 1st, 2021. “This development allows Kenya Airways to offer additional options and convenience…

Kenya Railways has slashed by half the fare of the new express rail service to Jomo Kenyatta International Airport (JKIA) from Nairobi CBD. During the launch of the new service on December 7th, the agency announced commuters would be charged Sh500 for the 20-minute trip.  But in a move aimed…

The government has given car dealers until December 31st, 2020, to import vehicles registered in 2013. Kenya Bureau of Standards (KEBS) managing-director Bernard Njiraini said the Certificate of Roadworthiness issued for motor vehicles whose year of first registration is 2013 will be invalid in the…

Kenya and the United Kingdom on Tuesday finalized the signing of a strategic Economic Partnership Agreement (EPA). The post-Brexit trade pact was signed in London by Kenya’s Trade Cabinet Secretary Betty Maina and British International Trade Minister Ranil Jayawardena. Under the agreement,…

Kenya Airways (KQ) has announced it will offer discounts on ticket prices as it resumes directs flights to and from the US on Sunday. Through Twitter on Sunday, the national carrier said travelers who book flight tickets before December 10th will enjoy discounted prices. “Welcome back to the Big…