Controversial project could cost Kenya Pipeline Company billions
Kenya Pipeline Company could lose billions of shillings if it accepts a demand for additional funding to cover delays in the project of laying out a new pipeline. In a controversial transaction at the corporation, KPC may have to part with Sh4 billion more if it agrees to a cost variation on the 450-kilometre pipeline […]
Kenya Airways is in dire financial straits, urgent govt bailout needed
Kenya Airways (KQ) is in dire financial straits having posted a record Sh25.7 billion ($251 million) loss after tax for the year ending March 2015. One can almost feel the pain of the chief executive Mbuvi Ngunze as he tries to figure out how to bring the airline back to profitability. The financial woes at […]