Category: Sh1bn
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KQ targets up to Sh1bn savings as carrier switches to digitised passenger services
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The national carrier, Kenya Airways, is looking to achieve savings of up to Ksh1 billion by switching to digital passenger management systems. Kenya Airways Chief Information and Data Officer Frederick Gitonga revealed that the airline saved Sh300 million in 2023, by deploying technology solutions in key areas such as travel…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Treasury seeks MPs nod for fresh Sh1bn Kenya Airways bailout
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Kenya Airways will receive Sh1 billion financial support from the Treasury for the financial year starting July if lawmakers approve the recommendations of the National Assembly Select Committee on Budget and Appropriations. The Ndinde Nyoro-led committee has asked lawmakers to approve the national carrier’s new bailout to partly fund its…