Author: Korir Issa

Regional low-cost airline Jambojet plans to focus on the domestic routes and give a pause on expansions. The airline says this is meant to consolidate its business within the country. It currently operates passenger aircraft to its eight destinations within Kenya; Nairobi, Mombasa, Eldoret, Kisumu, Mombasa, Malindi, Ukunda,  and Lamu. It also operates flights from Mombasa to Lamu, Eldoret, and Kisumu. In March, it said its 44 percent domestic market share, having flown 4.9 million passengers since its inception in 2014. “No additional for the year, the rest (routes) are long-term of two to three years, for now, we are…

Diaspora remittances in the first quarter of 2022 grew by 23.5 percent to Ksh.118.4 billion ($1.024 billion) according to the Central Bank of Kenya (CBK). Dollar flows from Kenyans living and working abroad rose from Ksh 95.9 billion ($829.4 million) over a similar period in 2021. March remittances surged by 25 percent from Ksh.33.6 billion ($290.8 million) to Ksh.42 billion ($363.6 million). According to the CBK, the US remains the largest source of remittances in Kenya, accounting for 58 percent in the period. “The strong remittances inflows continue to support the current account and the stability of the exchange rate,”…

The resumption of Kenya Airways’ direct flight between Nairobi and Madagascar on Monday came as a relief to many people following the easing of travel restrictions previously effected by Madagascar. KQ will operate the direct flight 3 times weekly from Jomo Kenyatta International Airport (JKIA), Nairobi to Ivato International Airport, Antananarivo. This follows the easing of travel restrictions previously effected by Madagascar. The non-stop flight will depart from Nairobi every Monday, Wednesday, and Friday re-opening travel opportunities for both Kenyans and residents of the Indian Ocean Island.  The flights will also offer one-stop via Nairobi connections to Paris, Johannesburg, Dubai,…

Google will be replacing Universal Analytics next year, the company announced Wednesday.  This means Universal Analytics properties will stop processing new hits on July 1, 2023, and Universal Analytics 360 properties will stop processing hits on October 1, 2023. The two will be replaced by Google Analytics 4 as their next-generation measurement solution tool. “Universal Analytics was built for a generation of online measurement that was anchored in the desktop web, independent sessions, and more easily observable data from cookies,” Russell Ketchum, director, of product management at Google, said in the announcement. “This measurement methodology is quickly becoming obsolete.” How…

Keeping your money in an SC Shilingi Fund account makes perfect sense for any milestone you want to achieve in the next two years.

The revival of Mumias Sugar Company has hit a wall after a Kenyan High Court canceled a 20-year-lease awarded to Uganda-based Sarrai Group to manage the ailing miller. Presiding Judge at the Milimani Commercial Court, Justice Alfred Mabeya in his orders also removed Ponangipali Venkata Ramana Rao as the Administrator of the company. In his place, Mr. Kereto Marima was appointed as the new administrator of Mumias Sugar Company. Justice Mabeya said Mr. Rao ought to have called a creditors meeting to ascertain the total amount of money owed by the company which he did not do. “His actions were…