Faizal Ahmed
62 Articles
Kenya Airways reports more than double half-year loss to Ksh.21.7B
The airline said the losses were exacerbated by the fluctuation of the Kenyan shilling against the dollar, costing it an estimated Ksh.15 billion in Forex losses.On the upside, the airline has reported an operating profit for the first time in six years.
Gov't makes u-turn, reinstates fuel subsidy
The return of the subsidy was revealed in this months fuel price review by the Energy, Petroleum and Regulatory Authority (EPRA) which indicated a compensation component for the oil marketing companies.
Eastleigh's Business Bay mall takes shape ahead of official opening
The Business Bay Square mall sits on 6.4 acres of land and has over 2000 retail outlets.
Nairobi Expressway records over 60K users in one year, plans underway for CBD exit
The operator says they have so far registered over 120,000 Electronic toll users, with plans in place to construct an exit into the CBD.The road has however not been without its challenges, specifically the vandalism of critical infrastructure.
Gov't to spend Ksh.25 billion on completion of Isiolo slaughterhouse
The government received Ksh.42 billion from the Afriexim Bank together with the African Finance Cooperation to fund the project.The government terms the facility as a game changer as it will export meat directly to international markets.
KRA records Ksh.2.16 trillion in revenue collection marking 6.7% growth
According to a statement by KRA, the revenue performance was affected by the slowed domestic economic growth in 2022 which went down to 4.8 percent from 7.6 percent in 2021.
30-member Saudi delegation in Kenya to explore investment opportunities
The projects will fall under the Energy, Agriculture, ICT, Telecommunications, Financial Services, Transport, Infrastructure, Tourism, Water, Blue Economy and Mining sectors.Some of the visiting companies included Saudi Exim Bank, Saudi Fund for Development, Tadawul, Red Sea Gateway Terminal, Seera...
Insurance claims paid jump to Ksh.39.1 billion in Q1 - Report
IRA's January - March 2023 Claims Report indicates the industry paid about 2.4 million claims, a 14.2 % increase compared to the same period previous year that had 2.1 million claims.
Kenyans to pay more for vehicles purchased locally
This is after the East African Community council of ministers approved an application by Kenya to raise duty on motor vehicles under the common external tariff.
Petrol prices hit Ksh.195 as EPRA defies court order suspending Finance Act
The increase in fuel prices is expected to have a significant impact on the cost of living in the country with the rate of inflation expected to go up as a result of this.Critical sectors such as manufacturing , transport and distribution will be affected with the increase in fuel prices....