Kenya Railways Monday announced the resumption of the Madaraka Express passenger service. This follows President Uhuru Kenyatta’s announcement on the easing of restrictions on movement in three counties; Nairobi, Mandera, and Mombasa. The Madaraka express on SGR operates between Nairobi and Mombasa ferrying passengers. “We wish to inform the public that the Ministry of Transport and Kenya Railways in conjunction with the SGR operator, Africa Star Railways Operation Limited, will be releasing a new operational schedule in due course,” Philip Mainga, Managing director said in a public notice. https://twitter.com/KenyaRailways_/status/1280144384672124929?s=20 READ Nairobi Commuter Train Services Resume Normal Operations In April 2020,…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
CMA issues guidance for transitional arrangements The Capital Markets Authority (CMA) has allowed trading at the Nairobi Coffee Exchange (NCE) using the old payment rules in a bid to facilitate transitional arrangements in the sector. “The Nairobi Coffee Exchange is granted permission to operate as it works towards full compliance with the regulations and all the applicants intending to offer coffee brokerage services are allowed to continue performing the role,” CMA Acting Chief Executive, Wyckliffe Shamiah said. The regulations were gazetted by the cabinet secretary for the National Treasury and Planning on April 3 2020. The two regulations are Capital…
Kenya and the United Kingdom have agreed to commence talks on a post-Brexit trade pact. Both sides were optimistic to reach an agreement by the end of the year. According to State House Spokesperson Kanze Dena, the negotiations will be conducted within the Kenya-UK Strategic Partnership Framework established by the two leaders in January 2020 and the East African Community (EAC) parameters in order to enhance regional integration. On Saturday, Kenya’s President Uhuru Kenyatta spoke on phone with UK Prime Minister Boris Johnson where the two leaders agreed to start discussions on a new trade agreement. “In the telephone conversation,…
Rwanda plans to resume commercial flights from August, the Ministry of Infrastructure announced Saturday. According to the Ministry, Rwanda has already prepared necessary guidelines to resume domestic and international flights as per the standards set by the International Civil Aviation Authority and the Ministry of Health. As a result, passengers must possess COVID PCR negative certificate but will also undergo another test in the country. “For passengers entering Rwanda, a second PCR test will be conducted upon arrival, with results delivered within 24 hours during which time they will remain in designated hotels at own cost,” said the ministry. https://twitter.com/RwandaInfra/status/1279470782473818112?s=20…
The Kenya Mortgage Refinance Company (KMRC) approved International Finance Corporation(IFC) and Shelter Afrique as shareholders. KMRC is a public-private partnership (PPP) firm formed by the government to make home loans affordable in the country. The two were admitted during the first virtual Annual General Meeting after each contributed KSh200 million. KMRC disclosed to have raised KSh2 billion as capital from shareholders. Other shareholders include the National Treasury, and 20 Primary Mortgage Lenders (PMLs), eight commercial banks, one Micro Finance Bank, and 11 Savings and Credit Cooperatives. The Banking sector is represented by KCB Group, Co-operative Bank, Diamond Trust Bank HF…
The Kenyan Government, Tullow Oil, Total and Africa Oil Corp Early Oil Pilot Scheme (EOPS) for Kenya’s contract has expired after two years. Tullow Executive Vice President, Mark Macfarlane says the pre-commercial program has served its purpose of providing technical data, logistical, operational experience, and training ahead of a potential full field development (FFD) program for project Oil Kenya. Project Oil Kenya was described as the largest-ever private sector investment in the country and a major step forward towards delivering FID for the project. “The Early Oil Pilot Scheme has provided important lessons for the planning and execution of the…