Author: Jack Oduor

Kenya Airways losses for FY2023 have majorly stemmed from FX fluctuations. Despite the heightened operating costs, Kenya Airways achieved an operating profit of $79.4 million. International Air Transport Association (IATA) predicts full recovery of the aviation industry from the Covid-19 crisis in 2024. Kenya Airways net losses for the trading period ending December 2023 have dropped to $171.6 million (KES22.7 billion) majorly attributed to the forex exchange losses suffered during the review period. The latest result is a 41 percent reduction from the $289.6million (KES38.3 billion) reported in 2022 in what the airline attributes to continuing efforts aimed at navigating…

fsu football jersey detroit lions jersey OSU Jerseys asu football jersey custom football jerseys custom football jerseys ohio state jersey fsu football jersey ohio state jersey micah parsons jersey ohio state jersey custom made football jerseys Florida state seminars jerseys asu football jersey Ohio State Team Jersey Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa. The investment, split between CFAO Kenya and Mobility54, will help accelerate the scale-up of BasiGo’s manufacturing and delivery of electric buses in Kenya and Rwanda. CFAO Group…

Kenya and Tanzania are working together to reintroduce the 2011 Anti-Counterfeiting Bill that collapsed at the East African Legislative Assembly. This law envisaged the region working under the East African Customs Act on Anti counterfeits regulations. The renewed partnership opens avenues for law enforcement agencies to develop innovative approaches and strategies in the fight against counterfeits. The East African region is planning to set a common standard on goods across the block in the latest push against counterfeiting with Kenya and Tanzania leading the line. The latest push follows an earlier attempt under the 2011 Anti-Counterfeiting Bill that collapsed at…

Ecobank’s new appointments have combined the commercial and the consumer businesses under the leadership of Anup Suri. Martin Miruka joins Ecobank as the Group Executive for Transformation, Enablement, and Customer Experience. Abena Osei-Poku was appointed as the Regional Executive for Anglophone West Africa. Pan-African lender Ecobank has appointed key senior executives to bolster its leadership team and spearhead the implementing its new Growth, Transformation, and Returns (GTR) strategy. Ecobank’s new appointments are crucial when the lender aims to solidify its position as a preferred bank and a pioneer in providing responsive, innovative, and cost-effective financial solutions across Africa. The latest…

Cyber security spending in Kenya is still low with half of state entities exposed to malicious attackers. Cyber Security Spending is projected to reach $8.4 billion in 2027. Banks will account for 85.6% of the financial services sector’s total spending on security products. The increasing online threats to businesses across the region will see companies and government increase their cyber security spending to excess of $6.2 billion this year, new industry insights have shown. Spending on security products and services in the Middle East and Africa (MEA), excluding Israel, will grow 10.3 per cent in 2024, reaching $6.2 billion, according…

Zambia-Tanzania Trade Route expansion enjoys the support of senior government, diplomatic, and development sector officials.  The Nakonde/Tunduma border is one of the busiest entry/exit points for cargo in and out of Zambia. The design reviews for Nakonde OSBP were finalised over the last year The Government of Zambia and TradeMark Africa (TMA) have entered into a Partner Support Agreement (PSA) to upgrade the Nakonde One Stop Border Post, a key Zambia-Tanzania Trade Route. Funded by the UK government, the $7.7 million (ZMK 197 million) project will improve the flow of goods and people along the Dar es Salaam Corridor, promising to streamline…

An estimated $5.7 trillion is required to close the infrastructure investment gap in South Africa by 2050. Of the energy sector projects, 25 are under construction under Bid Window 5 of REIPPP. Access to clean water and sanitation is a basic human right, yet many communities in South Africa lack reliable access to these essential services. South Africa needs an estimated $5.7 trillion To bridge the shortfall in infrastructure investment by 2050. This deficit spans several sectors, including underdeveloped transportation systems, inadequate energy provisions, scarce access to potable water and sanitation services, and a shortage of affordable housing. These issues…

Cash transfer service M-PESA is eyeing a chunk of the remittances to Ethiopia which are estimated at $5 billion annually. Last year, the World Bank stated that the remittances flow to countries in sub-Saharan Africa reached $54 billion. Through a new M-PESA-Onafriq agreement, friends and relatives from 40 countries will now be able to send money directly to Safaricom Ethiopia M-PESA subscribers. Safaricom Ethiopia is betting on remittances to grow cash transfer service M-PESA uptake in Ethiopia following an agreement with one of Africa’s largest digital payments network Onafriq. Through the deal, friends and relatives from 40 countries where Onafriq has…

Climate emergency has been a new concern in businesses across the markets  From those polled 87 per cent of respondents agreed to some extent that they were concerned about physical climate risks 72 per cent of corporates surveyed had experienced an extreme weather event in the last five years Nearly four out of every five businesses in many of the countries most vulnerable to the impacts of the climate emergency are already suffering the consequences of a rapidly changing environment.   The startling finding is contained in British International Investment’s third annual Emerging Economies Climate Report – a survey of…

At least eight West African States have been thrown into significant internet connectivity issues. Telcos say repairs could span from weeks to months, depending on the damage location The impact of such cable failures worsens as networks attempt to route around the damage, potentially reducing the capacity available to other countries. Nearly a dozen West African states are currently experiencing internet outages occasioned by damage to multiple undersea telecommunication cables. Reports say that this has caused a widespread connectivity outage in parts of the continent, with operators and Internet monitoring groups cautioning that the situation might require several weeks or…