Business News Kenya

  • *Uganda final investment decision seen in H2. LONDON, April 25- Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day due to problems at its Ghana fields and sees final go-aheads for its Uganda in the second half while its Kenya project timeline was "ambitious". Final investment decisions for its Ugandan project had been planned...

  • Uganda final investment decision seen in H2. LONDON, April 25- Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day on Thursday due to problems at its flagship fields in Ghana and delayed a final go-ahead on its Ugandan project to the second half of the year. With much focus on Tullow's three-well drilling program offshore...

  • SAN FRANCISCO, April 24- A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem. Also in the competition to fill the coverage gaps are several billionaire entrepreneurs,...

  • "I did not have any money. I was traveling alone. In Europe, I was in these 'pensiones' [hostels] and I'd basically buy a baguette and cheese and ate that every day, and some wine on occasion."

  • *Parallels with Indonesia crash five months ago. ADDIS ABABA, April 4- Ethiopian Airlines' doomed 737 MAX jet hit excessive speed and was forced downwards by a wrongly-triggered automation system as pilots wrestled to regain control, a preliminary report into the crash that has shaken the aviation world showed on Thursday. The March 10 disaster, and parallels...

  • *Parallels with Indonesia crash five months ago. ADDIS ABABA, April 4- Ethiopian Airlines' doomed 737 MAX jet hit excessive speed and was forced downwards by a wrongly-triggered automation system as pilots wrestled to regain control, a preliminary report into the crash that has shaken the aviation world showed on Thursday. The March 10 disaster, and parallels...

  • The first substantial account of the last minutes of Ethiopian Airlines flight 302 from Addis Ababa to Nairobi on March 10 described how the captain three times called out: "Pull up" and was acknowledged by the first officer, but to no avail. Boeing's top-selling aircraft, the 787 MAX, has been grounded worldwide since the March 10 disaster, which killed 157 people...

  • NAIROBI, April 2- Kenya's biggest telecoms operator Safaricom lost a further percentage point of subscriber market share in the three months to the end of December, its fifth straight quarterly fall, data from the sector regulator showed on Tuesday. The firm, part-owned by South Africa's Vodacom and Britain's Vodafone, lost 0.9 percentage points of market...

  • ADDIS ABABA, April 1- Ethiopia will not release a preliminary report into the causes of last month's Ethiopian Airlines crash on Monday, as previously expected, but may publish it this week, a source familiar with the transport ministry told Reuters. The report will be closely examined for clues to any similarities between the March 10 accident and a Lion Air...

  • NAIROBI, April 1- Ethiopia will release a preliminary report on Monday into the cause of an Ethiopian Airlines crash that killed 157 last month, a foreign ministry spokesman said. The report will be released by the Ministry of Transport, Nebiyat Getachew told Reuters, although a time had not yet been set. Boeing 737 MAX models have been grounded around the world...

  • SINGAPORE, March 29- U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX's nose angle might not work in conditions similar to those in two recent disasters, a document shows. The European Aviation and Space Agency certified the plane as safe in part because it said additional...

  • SINGAPORE, March 29- U.S. and European regulators knew at least two years before a Lion Air crash that the usual method for controlling the Boeing 737 MAX's nose angle might not work in conditions similar to those in two recent disasters, a document shows. The European Aviation and Space Agency certified the plane as safe in part because it said additional...

  • NAIROBI, March 28- Kenya is in no rush to secure a new standby credit facility with the International Monetary Fund as its economy continues to show strength, central bank governor Patrick Njoroge said on Thursday. The country's previous $989.8 million arrangement expired last September after the government failed to meet the IMF's conditions for an...

  • ADDIS ABABA, March 26- Families and friends grieving the victims of Ethiopian Airlines flight 302 gathered for a tearful ceremony in Addis Ababa on Tuesday to unveil a plaque and plant an olive tree with soil from the crash site. Kenya, Canada and Ethiopia suffered the biggest losses of life and their representatives and others joined about 100 relatives and...

  • ADDIS ABABA, March 22- A child's foot. Citizens of 35 nations were aboard when the Boeing 737 MAX 8 jet nosedived into a field on March 10 six minutes after take-off from Addis Ababa, killing all 157 people onboard. It's supposed to be easier if it's in the government's hands, "said Milka Yimam, a dual Ethiopia- Israeli citizen whose 26- year-old son Sidrak died.

  • ADDIS ABABA/ PARIS, March 21- At the headquarters of the Ethiopian Civil Aviation Authority, a paper sign balanced above room 107 and a threadbare square of carpet welcome a stream of foreign visitors to the Accident Investigation Bureau. The office- with three investigators and an annual budget of less than 2.5 million Birr- is leading a multi-party,...

  • ADDIS ABABA, March 20- The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew. Studious, serious Ahmednur Mohammed rented his first apartment with his maiden paycheck in February. He spoke to Reuters after a ceremony at the Kenyan embassy in Addis Ababa to honour the 32 Kenyan victims from the crash.

  • ADDIS ABABA, March 20- The dreams of the two young men soared as high as the Ethiopian Airlines planes they proudly flew. Studious, serious Ahmednur Mohammed rented his first apartment with his maiden paycheck in February. He spoke to Reuters after a ceremony at the Kenyan embassy in Addis Ababa to honor the 32 Kenyan victims from the crash.

  • NAIROBI, March 19- Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people. For the present, however, passenger confidence in Ethiopian Airlines, long regarded as one of the most reliable in Africa, has remained steady, according to the...

  • *Boeing 737 MAXs suspended worldwide after Ethiopia crash. PARIS/ ADDIS ABABA, March 15- The grounding of Boeing's 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday. Investigators in France on Friday...