Kenya Airways and Ethiopian Airlines planes at Kamuzu International airport in Malawi. PHOTO | COURTESY African airlines are expected to record $4.1 billion (UShs15.2 trillion) loss this year on the back of expensive fuel that is eroding the gains made by a recovering business. Africa Airlines Association (AFRAA)
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Paul Kagame at the Commonwealth summit last month. His comments come a fortnight after hosting international leaders/ AFP The president of Rwanda, Paul Kagame, has called for a political solution to the crisis in the eastern Democratic Republic of Congo. In an interview with the state broadcaster, he said
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The Bank of Uganda (BoU) has informed the public that WorldRemit Money Transfer (U) Limited voluntarily ceased to carry on money remittance business in Uganda. “The public is notified that the closure of WorldRemit Money Transfer (U) Limited as a company will not affect WorldRemit money remittance product offered by several supervised financial
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Imported second-hand cars at the port of Mombasa on April 8, 2022. PHOTO | WACHIRA MWANGI | NMG Used car prices in Kenya have jumped by up to 30 percent over the past three months on weak shilling, scarcity of vehicles and rising shipping costs, pushing low-range types such as
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Asokon Lomulin inside her hut at Kamekwi village. PHOTO | JARED NYATAYA Thousands of families faced with starvation in parts of the North Rift region in Kenya are in urgent need of relief supplies and access to health care as a humanitarian agency issues alert over the deteriorating food situation in the
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Cabinet secretary for labor Simon Chelugui. PHOTO | LUCY WANJIRU | NMG Kenya is seeking to safeguard its migrant workers from abuses in the Middle East countries by establishing safe houses there. Labour Cabinet Secretary Simon Chelugui on Tuesday said Sh70 million has been set aside to build safe houses
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A National Oil branded petrol station. FILE PHOTO | NMG State-owned National Oil Corporation of Kenya will from August start shipping fuel from Saudi Arabia at lower prices than the global rates in the latest push by the government to lower pump prices. This is through a government-to-government deal that
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Under the beating Tanzanian sun, Lossim Lazzaro nervously looks over his farm. He slowly pours livestock manure on his crops, in a last-ditch attempt to help them grow. Mr Lazzaro owns five acres of land and was once a successful tomato farmer in the northern Arusha region. But now, like
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The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into losses as the leading crypto Bitcoin struggles to stay above the key level of KSh2.3 million ($20,000). The crypto market, known for its wild price swings, has shed more
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To maximize tax collection, Uganda Revenue Authority (URA) has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy, including Facebook. Collection of VAT from these companies is starting effective 1st July 2022 and will focus on all electronic service providers. Others
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