The East African Business Council (EABC) recommends regional coordinated guidelines and measures on the opening of the aviation sector to bolster consumer confidence and support the recovery of the sector. Dr. Peter Mathuki, Executive Director EABC says there should be a waiver on landing fees, excise duty on aviation fuel, navigation, landing, and parking to cut airline’s operating costs. “In the opening of the regional air transport services, the EAC partner states should consider temporarily granting freedom rights to effectively increase capacity, reduce inefficiencies and costs,” Mathuki said in a statement. “The East African Business Council urges the EAC partner…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Mauritius Union Assurance (MUA Ltd), an insurer that owns subsidiaries in East Africa, has acquired a 100% stake in Saham Assurance of Kenya in a deal worth Ksh 1.23 billion. This was realised after getting all the regulatory approvals from the Insurance Regulatory Authority (IRA, Kenya), the COMESA Competition Commission and the South African Reserve Bank and the Competition Authority of Kenya. The transaction will allow MUA to strengthen its presence in the Kenyan market, leading to significant synergies. The transaction was through a Share Purchase Agreement (SPA) done through its subsidiary MUA Insurance (Kenya) Limited (“MUA Kenya”). Saham Assurance…
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,…
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…