1.Effective April, KQ will only allow 1 free check in luggage down from two. Extra bags will be charged Kshs 2,060. The routes affected by this new policy are Entebbe, Kigali, Dar & Zanzibar.
Within 4hrs of launch of M-Akiba, a total of Kshs 2.4 million had been invested. However, due to the overwhelming demand, traffic for purchases was more than what had been planned leading to slowdown of the systems.
3.Still on M-Akiba, plans are in the offing to raise the daily mobile money transaction ceiling from the current Sh140,000 to accommodate higher purchases of the product launched yesterday
4.Banks are pilling pressure on the Government to scrap interest rate controls, saying they have reduced credit to the private sector and failed to increase savings, as anticipated.
5.Parliament has defied the Treasury and maintained its budget at Sh40 billion, signalling the MPs’ determination to pay themselves billions of shillings in severance perks at the end of their term in August.
6.Kenya has greenlighted a crude oil export agreement with Tullow Oil, Maersk International and local Africa Oil, with pilot exports slated to start in June. The companies have stored 70,000 barrels of crude oil, which will be used for part of the pilot program.
7.Mumias Sugar Company has received about Sh 240 Million from the government as part of the company’s ongoing bailout arrangement worth Sh3 billion which was requested in 2015
The Government has promised not to burden Kenyans with additional taxes as it presents its Sh2.6 trillion budget for the 2017-2018 financial year next week.
Central Bank has directed banks to cut the time it takes to transact on Pesalink from the current 20 seconds to 10 seconds.
10.Long-serving Equity Group Holdings chairman & founder Peter Kahara Munga has left the chairmanship of Equity Bank Kenya as part of the group’s succession.
Thanks @Okiya. I heard that local companies are to reap huge during the period between excavation and transportation of oil mentioning almost all sectors of the economy
Africans have a peculiar methods of cost control and greed . This is outright non sense . They should encourage people by checking free bags now that their businesses are low …
The solution to this is to automate baggage check in like it happens at AMS. If your bag is over weight or is shapeless unajipanga. There is no human interface to bargain with ati akuonee huruma.