Kenya Airways makes first half-year profit in 10 years as optimistic CEO predicts strong rebound
Chief Executive Allan Kilavuka told a briefing the company was seeking to finalise negotiations with a strategic equity investor, without giving details. One of Africa’s three biggest airlines, Kenya Airways slid into insolvency in 2018 after an expansion drive left it with hundreds of millions of dollars in debt.
Central bank boss shrugs off recent credit downgrades by financial market experts, forecasts Kenya shilling surge
Rating agencies Moody’s and Fitch downgraded Kenya’s sovereign ratings following the withdrawal of the tax measures, saying the move could complicate the East African country’s fiscal consolidation efforts.
Kenya and Uganda currencies steady after marginally ceding ground to US dollar, Ghana’s to weaken
Kenyan and Ugandan shilling are expected to be stable against the dollar in the next week to Thursday, while Ghana’s cedi and Zambia’s kwacha are seen weakening and Nigeria’s naira could strengthen, traders said. Kenya Kenya’s shilling is expected to hold steady, with dollar sales from the central bank helping...
