KPA plans Sh50m cruise terminal at Mombasa port to woo tourists

The terminal will provide a place for visitors to relax on arrival and before departure.Last year only two cruise ships docked at the port while this year only one cruise arrived in March.KPA in collaboration with the Kenya Tourism Board would promote the port at international markets to woo more holidaymakers…[...]

Kenya Re picks advisory firm boss as new chairman

Kenya Re has appointed David Kibet, the head of Nairobi-based DGMB Financial Services to chair its board. NeliusWanjiruKariuki, who has chaired the Kenya Re board since 2007, retired last week.DGMB Financial Services, the advisory firm that MrKibet heads, does consultancy work in accounting, taxation and strategic corporate financial management, according to its website…[...]

Fifth airline launches flights to Turkana

The bombardier aircraft has a capacity of 50 passengers. Skyward Express has set a prices of Sh7,500 for a one-way ticket from Nairobi’s Wilson Airport to Eldoret and Eldoret to Lodwar with direct flights from Wilson to Lodwar costing Sh13,500. A fifth airline has launched flights to Lodwar, targeting increasing passenger numbers to the oil-rich Turkana region…[...]

Railways retirees’ union denies Sh3.5bn loss

The Association of Kenya Railways Retirees (Akerare) has dismissed reports by a rival group that Sh3.5 billion in retiree funds has been lost.The association board was responding to comments by the Kenya Railways Staff Retirements Benefits Scheme, which accused the managing trustee of losing billions of shillings through mismanagement…[...]

Kibo Capital exits Uganda healthcare sector

Kibo had increased its stake to 40 per cent from 24.5 per cent in late 2014 after buying additional stock from its peer TBL Mirror Fund. Part of the 40 per cent stake has been sold to Fortis Healthcare Ltd, an Indian hospital chain with investments in Singapore.Private equity firm KiboCapital Partners has exited the Uganda healthcare industry after selling its stake in International Medical Group (IMG) for an undisclosed amount…[...]

Airtel re-affirms commitment to Kenya with Sh19b investment plan

Airtel Kenya has reaffirmed its commitment to Kenya with the announcement of an ambitious investment programmetotalling Sh19 billion over the next three years. The investment ensures that the company delivers on its stated commitment to offer the most reliable and best quality network, products and services in the market…[...]