Pilots seek government intervention to save carrier from collapse Pilots in the country now want national carrier Kenya Airways saved from possible collapse. Through their association, the Kenya Airline Pilots Association (Kalpa), the pilots also accused the airline’s management of mistreating them. Association general-secretary Captain Ronald…

Olympia in yet another subsidiary shut down Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm. Olympia Capital is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles,…

Exchange rate slide pushes shilling past 95 units mark The shilling on Tuesday crossed the 95 units to the US dollar level, continuing a losing streak with forex traders predicting a further drop to 98 units to the dollar by end of year. A weaker currency and its effect…