Monday’s Morning Brief – Nov 24

US oil firm Camac suspends Lamu exploration

Camac Energy, a Houston based oil explorer, has suspended carrying out seismic surveys in Lamu after concerns were raised over the effect of the operations on the Arabuko-Sokoke forest in the area. [...]

Local contractors take 40% of SGR fund

Local firms are angling for opportunities set aside for Kenyan companies as Chinese contractor China Road and Bridge Corporation (CRBC) embarks on the construction of the Standard Gauge Railway (SGR). Among the firms that have inked a deal with the contractor are Bamburi Cement, Athi River Mining Cement [...]

Safaricom, Tusker rated top brands in East Africa

Telecommunications giant Safaricom and East African Breweries’ flagship beer Tusker have been rated as East Africa's most valuable and most admired brands for 2014, respectively. This year’s Brand Africa survey that ranked the 100 most valuable and most admired brands in Africa rated [...]

Orange back to drawing board as buyout bid flops

Viettel Group, the Vietnamese firm that wanted to acquire a 70% stake in Telkom Kenya, said it is no longer keen on buying the stake. Viettel is said to have dropped its bid for a controlling stake in the Kenyan firm after the government refused to give in to some of its demands. [...]

Kenya Airways halts flights to New Delhi

In an effort to optimize its operations, Kenya Airways will stop direct flights from Nairobi to New Delhi, effective today. Kenya Airways continues to fly daily to Mumbai directly from its Nairobi hub and will partner with Jet Airways for the onward connection to New Delhi. [...]

More on Kenya Airways

Kenya Airways boosts traffic to key destinations

Kenya Airways has boosted the frequency of its flights to Luanda in Angola, Dubai in the United Arab Emirates and Dar-es-Salaam in Tanzania as it optimizes its operations. Kenya Airways will now fly 35 times a week to Dar-es-Salaam, up from 28 times that it previously did. It will also fly to Dubai 10 times every week, up from the previous 7 times, and 3 times weekly to Luanda, where it had flown twice. [...]

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