fbpx

Pilots association protests detention of two Kenyan pilots in South Sudan

A pilots association has protested the detention of two Kenyan pilots in South Sudan after their plane was involved in an accident. The Kenya Airline Pilots Association (KALPA) said that it was concerned by the continued detention of two Kenyan Pilots following an accident involving a Cessna Caravan aircraft, 5Y …

Market remains unscathed, as turnover rises to Sh1.2billion

Daily Market report: Jan 30, 2018 The Nairobi Securities Exchange (NSE) defied a highly polarized political day in Nairobi to post growth in the daily trading. There was a mixed performance on the course during Tuesday’s trading on a day that was packed with political action following the controversial swearing of opposition leader …

JP Morgan Chase to open operations in Kenya

The Central Bank of Kenya (CBK) on Friday welcomed the enthusiastic interest shown by international financial institutions in Kenya. The regulator said several institutions have outlined plans to set up, or expand, operations in Kenya, also as a natural hub for serving the African continent. This week, Mr. Jamie Dimon, Chairman, and …

The hidden baggage of the IMF loan

The government paid Sh273 million in interest for the standby loan to the International Monetary Fund by June last year. According to CBK this was almost double the Sh138 million in interest payment for the loan that has never been disbursed. In February 2015 after Kenya’s entry into the commercial …

Effects of the American government shutdown

22/01/2018 RE: General Notice Due to a lapse in U.S. Government appropriations and in accordance with an instruction from Washington, the American Resource Center at the U.S. Embassy in Nairobi is closed until further notice. We appreciate your understanding. US Embassy American Center Nairobi

Why we should care about Global Inequality

When betting is a business activity and petty crime is rampant enough to require setting up an ‘anti-mugging’ unit then the level of poverty is telling. The Kenyan capital is already crawling with uniformed police since the tense election last year but will now require clandestine anti-mugging unit ‘disguised as …

Ruto bombshell to SportPesa: Paying tax is not negotiable!

After more than six months of lobbying and threats, the Kenyan government has finally answered Sport Pesa – the biggest betting firm in the country. Deputy President William Ruto chose a sporting awards event – the Sports Personality of the Year Awards (SOYA) — to tell Sport Pesa that the …