Japanese Tycoon Yasuaki Kagami Bets Billions On Kenya’s Oil Economy
Japanese businessman Yasuaki Kagami has finally touched down in Kenya, by starting a petroleum company Yasuaki Global International Oil (YG-OIL) Limited with Kenyan businessman Anthony Odiero as his key local partner.
KQ to Lose Ksh2.1B Per Week as Pilots Strike
The national carrier made the disclosure in a statement issued hours after KALPA confirmed its decision to proceed with the strike from Saturday, November 5, citing their right to withdraw labour as enshrined in Article 41, Chapter 4, of the Constitution.
Kenya Airways Records Ksh9.9 Billion Loss in Six Months
The national carrier significantly increased its revenues to Ksh48.1 billion, up 76 percent from Ksh27.4 billion in H1 2021. The uptick in revenue is an indicator of the continued recovery of the aviation sector which was hit hard by Covid-19 over the past two years.
How Michael Joseph’s KQ Fees Doubled in 2021 to Ksh18M
CEO Allan Kivuka also saw his earnings increase to Ksh54 million in 2021 up from Ksh41.5 million in 2020.
Kenya Airways Losses Slide 56% to Hit Ksh16 Billion
KQ has been on a loss-making streak for the past nine years, with accumulated losses totaling Ksh144.64 billion. It last made a profit in 2012 when it recorded a Ksh1.66B profit after tax.
KQ’s Flying Taxis for Nairobi Get Launch Date
Eve is one of several major firms developing urban air taxi solutions, innovations expected to improve urban mobility particularly in congested cities while opening up an entirely new business for aviation companies. Eve announced in December 2021 that it would list on the New York Stock Exchange (NYSE) under the new ticker symbol EVEX and EVEXW.