Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

The Competition Authority of Kenya announced on Tuesday the appointment of Dr Adano Wario as Acting Director-General following the end of Mr Wang’ombe Kariuki’s tenure. Dr Wario is the CAK’s Planning, Policy, and Research Director. “In order to ensure business continuity and uninterrupted service delivery, the Board of the Competition Authority of Kenya has appointed Dr Adano Wario to serve in the capacity of acting director-general following the end of Mr Wang’ombe Kariuki second and last term,” said CAK chairman Nelson Ndirangu in a statement. Dr Wario has said he will prioritise deepening competition in sectors such as the digital economy,…

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The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October 2021, it forecasted a loss of USD 11.6 billion for this year. On Tuesday, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of USD 4.7 billion. After being significantly impacted by the coronavirus…

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