East Africa

Nairobi Securities Exchange has actually raised a suspension on trading shares of national carrier Kenya Airways, the bourse stated on Monday. The suspension on the trading of Kenya Airways PLC shares was lifted following the company's recent performance which saw the business record a profit after tax and the withdrawal of the National Air Travel Management Costs 2020, the bourse said in a declaration. Kenya Airways' shares were suspended from trading in 2020, when at the time the government had announced strategies to renationalise the airline company. The plan did not remove. Among Africa's three biggest carriers, Kenya Airways slid...

The crash on Sunday of a Jeju Air Boeing 737800 in Seoul eliminated a total of 179 people in the deadliest air disaster on South Korean soil. Here are some of the biggest aviation accidents of 2024, in order of severity: SOUTH KOREA Jeju Air worldwide flight 7C2216, originating from Bangkok, Thailand, and directed to Seoul, crashed on Dec. 29, eliminating all 175 passengers and 4 of the 6 team. BRAZIL Voepass regional flight 2283, an ATR-72 turboprop stemming from Cascavel and directed to Sao Paulo, crashed on Aug. 11 in the town of Vinhedo, eliminating all 62 people on...

The following are the leading stories in the Financial Times. Reuters has actually not confirmed these stories and does not attest their precision. Headlines - UK car insurance company Direct Line rejects ₤ 3.3 bn takeover offer by Aviva - Mauritius raises issues about UK strategy to cede sovereignty over Chagos Islands - UK watchdog fines former Wizz Air executive for trick share trading - Michael Ellam tapped up to be UK's next 'EU sherpa' Summary - UK vehicle insurance company Direct Line has actually turned down a takeover technique from Aviva, saying the cash and shares offer was highly...

Portugal's federal government prepares to resume the sale of flag provider TAP in 2025, the nation's. infrastructure minister stated, after receiving interest from more. than a dozen prospective buyers. A previous Socialist administration authorized the. privatisation of a minimum of 51% of TAP in September 2023, but the. sale did not go ahead as Portugal held a snap election in March. which was won by a centre-right alliance. We will start the procedure of privatising the company in. 2025 and, to that end, we have listened to all interested. celebrations, said Miguel Pinto Luz. The facilities minister told a parliamentary...

U.S. District Judge Reed O'Connor stated Friday he will hold a hearing on Oct. 11 to think about objections from family members of those eliminated in 2 Boeing 737 MAX crashes to the planemaker's arrangement to plead guilty to criminal fraud conspiracy. On July 24, the planemaker completed an arrangement to plead guilty to conspiring to defraud the Federal Aviation Administration and pay up to $487 million after breaching a 2021 delayed prosecution arrangement. Member of the family of a few of the 346 individuals eliminated in 2 Boeing 737 MAX crashes in 2018 and 2019 argue the fine is...

Ethiopia's stateowned carrier Ethiopian Airlines stated it has actually suspended flights to neighbouring Eritrea, mentioning unspecified hard operating conditions. Eritrea had previously said it would suspend all Ethiopian Airline companies flights at the end of this month. Flights from Ethiopia to Eritrea had resumed in 2018 after twenty years, following a peace offer and resumption of diplomatic relations between the two neighbours that made Ethiopia's. Prime Minister Abiy Ahmed a Nobel peace prize a year later on. Five diplomats informed Reuters the suspension was a concrete. signal that the relationship in between Asmara and Addis had soured. considerably, but said...

Kenya Airways reported on Monday its first halfyear profit in more than a. decade, helped by rising traveler numbers, and said it was. confident it could break even for the complete year. The airline earned a profit after tax of 513 million Kenyan. shillings ($ 4 million) for January to June, overturning a 21.7. billion shilling loss in the first half of 2023. Chief Executive Allan Kilavuka told an instruction the business. was looking for to settle settlements with a tactical equity. financier, without providing details. One of Africa's three most significant airlines, Kenya Airways. moved into insolvency in 2018...

In eight years of working as a cab driver in Kenya's capital, Judith Chepkwony has never ever seen organization this bad. A bruising cost war in between ride-hailing business Uber Technologies, Estonia's Bolt and regional start-ups Little and Faras has driven fares down to a level that numerous chauffeurs state is unsustainable, requiring them to set their own higher rates. The majority of us have these cars on loan and the expense of living has increased, Chepkwony told Reuters. I attempt to convince the customers to consent to the higher rates. If they can't pay, we cancel and let them...

The greatest union of Kenya's. air travel workers has actually postponed for 2 weeks a planned strike. that was set up to start on Monday, to allow talks with the. federal government over a proposed handle an Indian business to. establish the country's main airport. The union, which represents airport workers, opposes the. proposed agreement announced last month with India's Adani. Airport Holdings which it says will trigger task losses and bring. in non-Kenyan employees. The Union has decided to hold off the strike notice, because. we are going into discussions, the union's secretary general. Moss Ndiema said on Sunday,...

The Kenya Airports Authority ( KAA) said on Friday that it had contingency procedures in location to avoid a strike by the nation's main aviation union that is set to start on Aug. 19 from disrupting airport operations. The Kenya Air Travel Employee Union, which represents workers at airports and the national carrier Kenya Airways, stated it would release industrial action from Monday over a. proposed handle India's Adani Airports Holdings to establish. the country's biggest airport in the capital Nairobi. The union has said it believes the Adani offer will lead to. task losses and bring in non-Kenyan workers,...

Democratic Republic of Congo's federal government on Monday implicated M23 rebels and Rwandan forces backing them of sending out false navigation signals to disrupt air traffic over the country's eastern North Kivu province, where Congo's army is locked in fighting with the M23. The Tutsi-led M23 have been waging a fresh revolt in the huge main African nation's militia-plagued east since 2022. Military efforts to push them back have actually magnified over the past year with using drones and aircraft. Congo authorities, the United Nations, the United States and other Western governments have actually accused Rwanda of backing the group....

Eritrean authorities have actually suspended all flights by Ethiopian Airlines to the East African country reliable Sept. 30, the airline company said on Wednesday. Flights from Ethiopia to Eritrea had actually resumed in 2018 after 20 years, following a peace offer between the 2 neighbours that made Ethiopia's Prime Minister Abiy Ahmed a Nobel peace prize a year later. Ethiopian Airlines has actually received a notification from the Eritrean Civil Aviation Authority through a letter ... showing the suspension of all Ethiopian Airlines flights to Eritrea, effective September 30, 2024, the airline said in a statement published on its main...

Uganda's government and Turkish building and construction company Yapi Merkezi signed a contract to build a 272 kilometre (169 miles) section of railway, in a bid to improve regional trade, a Ugandan authorities stated on Monday. Uganda's Requirement Gauge Railway project planner, Perez Wamburu, stated the arrangement was for the first area of a. prepared 1,700 km electrical railway. The job will increase trade and minimize transport expenses,. Uganda's works ministry permanent secretary, Bageya Waiswa, stated. at the signing event. He stated Uganda will use its own funds and credit from export. credit organisations to fund the task, which will...