Economy

HF Group plans to raise Ksh.6 billion through a rights issue approved by the Capital Markets Authority (CMA). The rights issue will allow the company to offer up to 1,499,995,255 new ordinary shares at Ksh.4.00 each. Shareholders can purchase two new shares for every existing share they own, with the …

Kenyan taxpayers contributed Ksh.14.3 billion in 2023 for the government’s extravagant acquisition and maintenance of new vehicles, according to a newly drafted policy. This disclosure has sparked concerns about the government’s contradictory messaging, especially as it has been advocating for austerity measures in light of the country’s economic challenges. The …

The National Assembly’s Health Committee has given the green light to Safaricom’s KSh 104.8 billion Integrated Information Technology System (IITS) for Universal Healthcare. This initiative aims to digitize Kenya’s healthcare system and had previously faced criticism over its procurement process and Safaricom’s involvement. However, after a thorough review, the committee …

Nairobi, September 26, 2024 – Operations at Jomo Kenyatta International Airport (JKIA) were temporarily disrupted on Thursday morning following a supply disruption of Jet A-1 fuel. The disruption affected several flights and caused delays, inconveniencing passengers and airline operations.   In a statement, the Kenya Airports Authority (KAA) confirmed that …

Kenya Airways (KQ) incurred losses of at least Sh80 million during recent demonstrations against the government’s agreement with Adani Company concerning the takeover of Jomo Kenyatta International Airport (JKIA). CEO Allan Kilavuka disclosed on Monday that the strike caused significant flight disruptions, leading to substantial financial losses for the airline. …

Safaricom has announced a significant update to its M-Pesa airtime purchase options, reducing the minimum amount from Sh5 to Sh1. This new policy, which was unveiled on Monday, allows users to buy airtime for as little as Sh1. A recent check by the Star confirms that this change has already …

Environment Cabinet Secretary Aden Duale has commended Quiver Lounge Kilimani for its decision to cease playing music at its venue. Duale views this move as a positive step towards reducing noise pollution and promoting a safer, healthier environment. He pointed out that the action aligns with Section 4 (1) of …

Directline Assurance has immediately ceased issuing new insurance policies. The company announced that all future transactions must be conducted through its original shareholders and labeled a CR12 document, which lists different shareholders, as fraudulent and improperly acquired. Directline has decided to halt its insurance operations and stated that, effective September …

On Tuesday night, long queues formed at Jomo Kenyatta International Airport (JKIA) as aviation workers began their strike. This industrial action follows a notice issued by the Kenya Aviation Workers Union (KAWU) on August 12, 2024, which opposed the proposed leasing of Kenya’s main airport to the Indian conglomerate Adani …

The High Court has issued a stay order blocking the government from proceeding with the lease agreement for the development of additional facilities at Jomo Kenyatta International Airport (JKIA). Justice John Chigiti granted the stay on Monday in response to a judicial review application filed by the Law Society of …