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Tag Archives: Corporate

Kenya Woos Top US Cruise Line in a Bid to Attract American Tourists to the Country

Kenya Woos Top US Cruise Line in a Bid to Attract American Tourists to the Country

Kenya has embarked on a campaign to woe a California-based operator of luxury cruise ships, Princess Cruises to consider making Mombasa a home port for its vessels in a move aimed at tapping tourists from United States. In a campaign led by Tourism Cabinet Cecretary Najib Balala, a series of …

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Equity Group net profit falls to Sh16.54 billion on rising loan defaults

Equity Group managing director James Mwangi

Kenya’s largest lender by market value said on Wednesday that profit after taxation reduced to Sh16.54 billion from Sh17.33 billion in 2015. Group managing director James Mwangi attributed this to poor performance in the building and construction, trade and logistics sectors. The poor performance in the sectors was largely impacted …

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MPs allocate Sh1.5bn for Malindi Airport expansion in 2017/18 financial year

Malindi Airport will be allocated Sh1.5 billion in the 2017/2018 financial year for the facility’s expansion to international standards, the Parliamentary Committee on Transport said on Friday. The committee said the airport got Sh438 million in this financial year that ends in June. Kenya Airports Authority has projected the grand …

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Kenya Receives Sh43 Million Seized from UK Firm at Centre of ‘Chickengate’

Kenya has finally received Sh43.74 million seized from a British firm that bribed electoral and examinations council officials to win tenders. Documents tabled in Parliament last week revealed that London wired the money to Nairobi and it has been included in the supplementary budget tabled being reviewed in the National …

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Kenyans to fly directly to US as JKIA attains Category One status

Kenyans will now be able to fly direct to the United States after the US government granted JKIA Category One status. “This is a major milestone in the growth and development of civil aviation in Kenya, East Africa and the rest of Africa,” read a statement from the Kenya Airports …

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Kenyans Abroad Register 10 Saccos for Investments

Kenyans in the diaspora have registered 10 savings and credit co-operative societies (saccos) to promote investments and savings culture among themselves. Industry, Trade and Co-operatives secretary Adan Mohamed said yesterday the Kenyans abroad are looking to use the saccos to pool funds for investment back home, after years of individuals …

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