Economy

Money matter – Finance

Dollar stands tall, inches closer to its 16-month high

November 12, 2018

  SINGAPORE The dollar built on last week’s gains and rose towards a 16-month high on Monday as traders expect the US Federal Reserve to keep tightening monetary policy. The Fed has reaffirmed its plan to raise interest rates by 25 basis points in December, followed by two more potential rate hikes by mid-2019 on […]

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Safaricom takes M-Pesa global with Western Union

November 6, 2018

  Safaricom on Tuesday unveiled a new service on its M-Pesa mobile financial services platform that will allow users to send money around the world in a partnership with Western Union. Started as a simple money transfer service 11 years ago to fill a gap in Kenya’s formal banking network, M-Pesa has evolved into a […]

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Turkana wind project to earn firm billions

November 3, 2018

Firm stands to make Sh11 b annually Wind farm to sell electricity to Kenya Power at half the price but on meeting tough conditions Newly installed Turkana wind farm offers to sell electricity to Kenya Power at half-price but with tough conditions that could undercut other producers Lake Turkana Wind Power project (LTWP) will now […]

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SGR: Uganda lags behind, blames land conflicts

October 30, 2018

Much as the two sister countries have made significant strides in the project, Uganda has failed to realise its earlier plan of starting in June 2015. INFRASTRUCTURE JINJA – The kickoff for the construction of the $12.8b Standard Gauge Railway (SGR) has hit a snag due to land conflicts in some areas, where the railway […]

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Kenya Airways plane finally touches down in New York

October 29, 2018

KQ left JKIA at 11.20pm. The maiden Kenya Airways direct flight from Nairobi to New York ended shortly after 2pm on Monday, with a touchdown at John F. Kennedy International Airport (JFK). The Kenya Airways (KQ) Boeing 787-8 Dreamliner left the Jomo Kenyatta International Airport (JKIA) for the US in a historic flight in Kenya’s […]

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New Kenya-US direct flight to boost trade by 25 per cent

October 28, 2018

  Kenya Airways (KQ) will this evening commence nonstop flights to the United States, which completes a process that has been in the works for more than 10 years. In February, upon assessment, testing and auditing, JKIA was granted category one status by the US Federal Aviation Administration (FAA) to commence direct flights from Nairobi […]

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