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Analysis of trade misinvoicing in Kenya in 2013 shows that the potential loss of revenue to the government was $907 million for the year, according to a new study by Global Financial Integrity (GFI). To put this figure in context, this amount represents eight percent of total annual government revenue as reported to the International […]
Nairobi, Kenya–Relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to U.S. $470 billion per year across 100 cities around the world – roughly the equivalent to 3% of the average GDP for these cities. These are the findings of an independent study conducted by Roubini […]
Kenya Airways (KQ) is set to launch direct flights from Jomo Kenyatta International Airport to Mogadishu on Thursday as it mulls over flying to Hargeisa in Somaliland. The airline will also introduce a flight to Bujumbura, Burundi as part of its plan to grow its regional presence. KQ Managing Director Sebastian Mikosz said the airline will fly […]