Kenya’s tea earnings to likely fall in 2016, regulator says
Kenya’s tea earnings to likely fall in 2016, regulator says Kenya is the world’s leading exporter of black tea with the commodity being a major foreign exchange earner. The Agricultural, Fisheries and Food Authority (AFFA) said total output fell 10 per cent to 399.21 million kg…
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms The pilots on January 20 gave KQ’s chief executive and directors a week to quit failure to which they would commence unspecified action. KQ’s chief executive officer Mbuvi Ngunze on Monday said…
Longhorn, Home Afrika biggest gainers at NSE
Longhorn, Home Afrika biggest gainers at NSE The small cap counters of Longhorn and Home Afrika were the top gainers at the Nairobi Securities Exchange (NSE) last week, bucking the market trend that saw 42 out of the 61 actively traded stocks record share price declines.
Equity brokerage arm gains most in 2015
Equity brokerage arm gains most in 2015 Equity Investment Bank’s partnership with UK’s Exotix Partners helped push it up the ladder in 2015, leaving it among market leaders with strong foreign trading desks. EIB had 4.49 per cent market share in 2014, ranking the firm eighth among the 19 brokers…
Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
Total, Shell and Kenol cede more market share to small dealers
Total, Shell and Kenol cede more market share to small dealers Kenya’s top-three oil marketing companies saw their combined market share in Kenya drop in the nine months ended September, benefiting smaller rivals such as Gulf and Nock. In the nine months ended September, Total saw…
Express Kenya CEO Hector Diniz edges closer to owning 71 per cent of its shares
Express Kenya CEO Hector Diniz edges closer to owning 71 per cent of its shares Hector Diniz is set to control 70.9 per cent of listed firm Express Kenya, where he is CEO, if a plan to convert a Sh60 million debt owed to his companies…
Airtel sets flat roaming tariff for16 African countries
Airtel sets flat roaming tariff for16 African countries Airtel has introduced a flat rate tariff for its Kenya subscribers travelling to 16 countries in Africa in which it has presence, reducing the cost of making roaming calls by between 85 and 32.4 per cent. Airtel’s customers…
KRA sues Airtel for Sh531 million fifteen-year claim
KRA sues Airtel for Sh531 million fifteen-year claim The Kenya Revenue Authority (KRA) is pursuing Airtel Kenya for Sh531 million taxes it claims the telco owes from its first two years of operation in Kenya. KRA says the amount arose from Airtel’s $55 million (Sh5.6 billion)…
Airtel’s Sh2.1bn licence renewal fee splits CA board
Airtel’s Sh2.1bn licence renewal fee splits CA board Telecommunications firm Airtel’s quest to get its frequency licence renewed without paying the required Sh2.1 billion fee has split the Communication Authority Kenya (CA) board, adding a new dimension to the seven months battle to get Kenya’s second-largest operator…
1
