International – Kenyan Enterprise

China, Kenya Pledge to Deepen Belt and Road Cooperation

Enterprise Team — Mon, 24 Jul 2023 07:20:58 +0000

Kenyan President William Ruto on Saturday met here with Wang Yi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, with both sides pledging to deepen Belt and Road cooperation. Ruto asked that Wang, who is also the director of the Office of the Central Commission for Foreign Affairs, […]

The post China, Kenya Pledge to Deepen Belt and Road Cooperation appeared first on Kenyan Enterprise.

KQ Begins Daily Flights to New York

Lesile Selelo — Tue, 20 Jun 2023 07:04:39 +0000

As the demand for air travel rises in the next summer months, Kenya Airways (KQ) will begin operating its daily flights to the USA. Due to bound demand, the national carrier has been flying to America five times per week since January. The increased frequency is due to the anticipated rise in demand for flights […]

The post KQ Begins Daily Flights to New York appeared first on Kenyan Enterprise.

EU, Kenya to Announce Trade Deal

Lesile Selelo — Mon, 19 Jun 2023 06:24:56 +0000

According to EU officials, the European Union and Kenya will announce a trade deal on Monday, which will be a victory for Brussels as it seeks closer economic ties with Africa. At a ceremony in Nairobi, which will be attended by President William Ruto, his Trade Minister Moses Kuria, and EU Trade Commissioner Valdis Dombrovskis, the […]

The post EU, Kenya to Announce Trade Deal appeared first on Kenyan Enterprise.

Kenya, Djibouti Agree On A Visa Free Regime To Boost Trade

Lesile Selelo — Mon, 12 Jun 2023 11:57:35 +0000

To promote trade, Kenya and Djibouti will push for a visa-free regime. The two countries will also exploit and further their existing relations to grow investments. This was reached on Sunday when President William Ruto met his counterpart Ismaïl Omar Guelleh at the Palais Présidentiel in Djibouti. The two leaders agreed to establish the Kenya-Djibouti […]

The post Kenya, Djibouti Agree On A Visa Free Regime To Boost Trade appeared first on Kenyan Enterprise.

Renegade Air Starts First Nairobi-Homabay Flight Today

Lesile Selelo — Mon, 12 Jun 2023 06:43:54 +0000

As part of its strategy to expand into new markets, low-cost carrier Renegade Air is today launching the start of its first flight on the Nairobi-Homabay route. Every Monday, Friday, and Sunday, the Bombardier Dash 8-Q300 will fly from Nairobi’s Wilson Airport to the Homabay Kabunde airstrip and back. Starting prices for tickets on the flight […]

The post Renegade Air Starts First Nairobi-Homabay Flight Today appeared first on Kenyan Enterprise.

Forex buffer Increases on World Bank loan above 4 months’ cover

Clara Situma — Sat, 10 Jun 2023 06:18:57 +0000

Following the receipt of a Sh139.3 billion ($1 billion) World Bank loan, Kenya’s foreign exchange reserves have increased above the necessary level of four months of import cover for the first time in nearly six months. According to the most recent weekly Central Bank of Kenya (CBK) data, reserves have reached Sh1.049 trillion ($7.532 billion), […]

The post Forex buffer Increases on World Bank loan above 4 months’ cover appeared first on Kenyan Enterprise.

CAK Approves Bigot Flowers, KEL Chemicals for Acquisition

Lesile Selelo — Wed, 31 May 2023 06:42:20 +0000

The acquisition of Bigot Flowers Kenya by Flamingo Horticulture Investments Limited has been authorized by the Competition Authority of Kenya (CAK). A public unlisted limited liability business with its headquarters in Naivasha, Bigot Flowers engages in the production, marketing, and distribution of rose flowers. On the other hand, Flamingo Horticulture is an investment holding company incorporated […]

The post CAK Approves Bigot Flowers, KEL Chemicals for Acquisition appeared first on Kenyan Enterprise.

IMF’s terms for a New Sh75 billion Kenya Loan are Conditional on Reforms

Clara Situma — Tue, 30 May 2023 07:45:18 +0000

When the first review of the agreed-upon policy reform measures is carried out in November, Kenya will not use its new $544.3 million, or about Sh75.3 billion, loan facility with the International Monetary Fund (IMF). Following the conclusion of the fifth review of the ongoing programme with the fund, which has now been extended through […]

The post IMF’s terms for a New Sh75 billion Kenya Loan are Conditional on Reforms appeared first on Kenyan Enterprise.

Government Questioned on Ukunda Airstrip Compensation Delays

Lesile Selelo — Sat, 27 May 2023 10:00:02 +0000

The Government has been questioned about why Ukunda locals in Kwale County who paved the way for an airstrip expansion are yet to receive compensation. Nominated Senator Raphael Chimera, stated that those affected by the development of Ukunda Airstrip are still waiting for compensation. He is seeking a statement from the Standing Committee on Land, Environment, […]

The post Government Questioned on Ukunda Airstrip Compensation Delays appeared first on Kenyan Enterprise.

African Hidden Champions Hosts First Regional Event in Nairobi

Lesile Selelo — Fri, 26 May 2023 12:39:48 +0000

African Hidden Champions (AHC), an initiative that promotes African companies, held its first regional event in Nairobi. The event provided a platform for AHC to share its vision with business executives from the region. The Nairobi reception marked the African Development Bank’s (AfDB) first official engagement with AHC as a new co-partner in the initiative […]

The post African Hidden Champions Hosts First Regional Event in Nairobi appeared first on Kenyan Enterprise.