Kenya Airways has suspended all of its international flights effective March 25. In a statement on Sunday, East Africa’s giant airline said all international flights will be put to a stop except for cargo flights which will remain operational to offer emergency services. “Today (Sunday) the Government of Kenya has
The Digital Lenders Association of Kenya (DLAK) has come up with a raft of measures that will be undertaken to address impending adverse economic effects of Coronavirus (COVID-19) pandemic to millions of customers with digital loans. The following key measures have been formulated to protect borrowers
Travel to and throughout Kenya has rapidly dropped in recent days, driven by concerns about the spread of the novel coronavirus (COVID-19). Kenya Airways has been suspending flights to countries which have been hard hit with COVID-19, the latest being Italy with reported 300 deaths
Elevated demand of the U.S. dollar coupled with a decrease in tourism numbers and export earnings has seen the Kenyan shilling fall to a four-year low of Ksh. 105.987 at the close of market on Friday. The shilling has been on a steady fall since Kenya registered
The Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge has released Ksh7.4billion to the Government's Consolidated Fund to support the government in the fight against Coronavirus (COVID-19). The money was gained from the mop-up of the old Ksh. 1000 banknotes during the demonetization process which
The Kenyan shilling fell to a new four-and-a-half-year low on Friday, extending its weakening streak due to persistent worries about the impact of the coronavirus pandemic on export earnings. At 0623 GMT, commercial banks quoted the shilling at 105.70/90 per dollar, a fresh low since late 2015, and down from
Cabinet Secretary for Tourism and Wildlife, Najib Balala, held talks on Thursday with the United Nations World Travel Organization (UNWTO) executive council and other global tourism leaders. The meeting was aimed at coordinating the efforts of the tourism sector globally and collaborating in the light of the effects of the COVID-19
Cabinet Secretary for Health Mutahi Kagwe urged Public Transport Services(PSV) operators to reduce the number of passengers they ferry on a daily basis to help in the fight against coronavirus. Kagwe challenged the PSV operators to take up the initiative as one of the measures which
The African Airlines Association (AFRAA) is urging African governments to consider compensation of inevitable losses, alleviating operating costs, and subsidisation of the African airlines in a bid to assure the industry’s viability. A statement by the association said, “The coronavirus (Covid-19) is taking a toll on the
East African Breweries Limited (EABL) has issued a precautionary statement to its shareholders over its intentions to purchase 30 percent shares in Serengeti Breweries limited. The statement was issued on Friday for a proposed acquisition of the additional shares in Serengeti. The regional beer maker had
