Category: East Africa

Protesters in Ethiopia damaged almost a dozen mostly foreign-owned factories and flower farms and destroyed scores of vehicles this week, adding economic casualties to a rising death toll in a wave of unrest over land grabs and rights. The violence has cast a shadow over a nation where a state-led industrial drive has created one…

The Treasury’s decision to cut funding to various government departments in the current fiscal year is illegal, the Commission on Administrative Justice (the Ombudsman) has said, insisting that such moves are in breach of the Constitution and must be reversed. The advisory came in the wake of the Treasury’s July 12, 2016 circular that outlined…

National carrier Kenya Airways has announced that its net loss for the six months to September stands at Sh5 billion, a 58.3 per cent improvement from the Sh12 billion that the airline reported in a similar period last year. KQ, as the airline is known by its international code, says its operating profit during the…

The Carlson Rezidor Hotel Group has set February 2017 as the opening date for its second outlet in Nairobi which has suffered multiple false starts blamed on building delays. Park Inn by Radisson Nairobi was initially planned to welcome its first guests in the fourth quarter of 2013, but the date has been postponed several…

Up to Sh695 million of the National Youth Service (NYS) cash was channelled to individuals and companies from Guaranty Trust Bank (GT) to a number of banks, according to a paper trail the lender tabled before a parliamentary committee. Lawmakers who sat through the Monday afternoon closed-door session of the Public Accounts Committee (PAC) indicated…

A Nairobi resident has moved to court seeking to have the new law that regulates interest rates on bank loans suspended. Mr Boniface Oduor has sued the Central Bank of Kenya, the Kenya Bankers Association and the Attorney General challenging the Banking Act which was signed into law by President Uhuru Kenyatta in August. Mr…

Kenya’s rush to start exporting crude oil in the middle of an election year could cost the country more than Sh4 billion loss, a civil society group said yesterday. The Kenya Civil Society Platform on Oil and Gas described the plan as questionable given the costs involved and the prevailing global crude prices. The lobby…

Kenya Airways’ (KQ) pilots have issued a seven-day strike notice, stating that they will cripple operations at the airline if its chief executive Mbuvi Ngunze and chairman Ambassador Dennis Awori do not resign for alleged mismanagement. The Kenya Airline Pilots Association (Kalpa), a body made up of about 450 pilots, says their members will down…

Electronics manufacturer Samsung has changed gears in its strategy for the Kenyan market with the launch of an entry level smartphone. Samsung on Thursday officially launched the Z series device in Kenya, available for sale through Safaricom and its dealer network. The device, retailing for Sh5,999, is targeting first time smartphone owners who are making…