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☆ You may owe taxes on your crypto investments — here are 3 things to know
▼ + stars: | 2023-03-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Since 2014, the IRS has treated virtual currency as property for federal income tax purposes, according to the agency's website. Similar to stocks, crypto is subject to IRS rules surrounding capital gains and losses. That means that if you earned a profit by selling your crypto for more than what you purchased it for, you'll owe capital gains tax on the difference. The IRS allows investors to use capital losses to offset taxable capital gains. Additionally, capital losses can be used to reduce your regular taxable income by up to $3,000 per year if your capital losses exceed your annual capital gains.

☆ Kenya hit by nationwide power outage
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: 1 min

NAIROBI, March 4 (Reuters) - Kenya was hit by a nationwide power blackout on Saturday evening caused by a "system disturbance", electricity distributor Kenya Power (KPLC.NR) said. "We are working to restore normalcy within the shortest time possible," Kenya Power said in a statement. Kenya Power is the country's sole electricity distributor and the bulk of its power comes from Kenya Electricity Generating Company (KenGen) (KEGN.NR), which is the main producer. Reporting by Hereward Holland, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Power restored to parts of Kenya after nationwide blackout
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +1 min

NAIROBI, March 4 (Reuters) - Power was restored to parts of Kenya after a nationwide blackout lasting several hours which was thought to have been caused by a fault on a transmission line, electricity distributor Kenya Power (KPLC.NR) said on Saturday. "Initial reports indicate that the outage was caused by a fault that occurred on the Suswa-Loyangalani high-voltage power transmission line," Kenya Power said in a statement. The power supply was restored to parts of Eldoret, Kisumu and Nakuru, the distributor said. Electricity had also returned to at least one part of the capital Nairobi, according to a Reuters journalist. Kenya Power is the country's sole electricity distributor and the bulk of its power comes from Kenya Electricity Generating Company (KenGen) (KEGN.NR), which is the main producer.

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☆ German ministry to review sale of regional airport to Russian investor - source
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

The insolvency administrator for Frankfurt-Hahn airport, in western Germany, said the investor and seller had decided to submit a purchase contract to the economy ministry, which has the power to block some takeovers by foreign players. A source close to the proceedings confirmed local media reports that the successful, and highest, offer came from NR Holding, which belongs to Russian billionaire Viktor Kharitonin. The federal economy ministry can block takeovers of critical infrastructure by firms outside the European Union. Economy Minister Robert Habeck said on Monday that his ministry had launched a routine screening of the process. It had 1.23 million passengers between January and November last year, less than half the number a decade ago.

☆ Kenya Power to convert its 2,000 vehicles to electric over 4 years
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

NAIROBI, Feb 7 (Reuters) - Kenya's sole power distributor Kenya Power (KPLC.NR) aims to convert its 2,000 petrol and diesel-driven vehicles to electric over the next four years, it said on Tuesday. Kenya Power will phase out its petrol and diesel vehicles by retrofitting electric engines and buying new electric vehicles. Kenya has installed generation capacity of 3,321 megawatts (MW) against a peak demand of 2,132 MW and off-peak demand of about 1,100 MW, according to Kenya Power. "Charging electric vehicles especially at night would, therefore, help bridge the gap between off-peak load available generation capacity as well as raise the average demand to above 1,500 MW," it said in a statement. ($1 = 124.7000 Kenyan shillings)Reporting by George Obulutsa; Editing by Alexander Winning;Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

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☆ Parts shortages impact Kenya Airways, cause flight disruptions
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] Kenya Airways planes are seen parked at the Jomo Kenyatta International airport near Kenya's capital Nairobi, April 28, 2016. REUTERS/Thomas MukoyaNAIROBI, Jan 10 (Reuters) - Kenya Airways (KQNA.NR) is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. "The challenges have been occasioned by the Ukraine war crisis, which has significantly crippled the Russian supply chain crucial to global aviation," he said. Kenya Airways, whose strategy hinges on connecting African travellers to the world and vice-versa through its Nairobi hub, operates a fleet of Boeing and Embraer planes. Reporting by Duncan Miriri; Editing by Jacqueline Wong and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Kenya Airways hit by flight disruptions due to parts shortages
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: 1 min

NAIROBI, Jan 10 (Reuters) - Kenya Airways (KQNA.NR) is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The airline, which is one of Africa's biggest, may be forced to cut some flights if the challenges of getting the parts persist, CEO Allan Kilavuka said in a statement. Reporting by Duncan Miriri; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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☆ Kenya's Centum Investment H1 pretax loss widens to 1.24 bln shillings
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] Women work at the front desk of the Centum Investment Company Limited in Nairobi, Kenya November 11, 2015. REUTERS/Siegfried Modola/File PhotoNAIROBI, Nov 29 (Reuters) - Kenya's Centum Investment (CTUM.NR) said on Tuesday its pretax loss widened to 1.24 billion shillings ($10.14 million) in the first half of the year to end-September from a loss of 697 million shillings in the same period a year earlier. It said in a statement its company investment and other income fell to 713.4 million shillings from 987 million shillings, while operating and administrative costs dropped to 254.7 million shillings from 328.2 million shillings. Centum, which invests in listed firms and private companies, said company net asset value per share, a key measure of performance for investment firms, fell to 59.77 shillings from 62.10 shillings. In June, Centum said it agreed to sell its 83.4% stake in Kenya's Sidian Bank to Nigeria's Access Bank for 4.3 billion shillings.

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☆ Kenya Power reports outages in parts of the country
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: 1 min

NAIROBI, Nov 24 (Reuters) - Kenya Power (KPLC.NR), the country's sole electricity distributor, reported power outages across parts of the nation on Thursday. The company did not explain what triggered the outages but said it was working to "restore normalcy within shortest time possible". It buys the bulk of its power from Kenya Electricity Generating Company (KEGN.NR). The outages follow widespread blackouts this month in East Africa's economic powerhouse. Later that month, three senior managers Kenya Power were charged with sabotage and negligence.

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NAIROBI, Nov 8 (Reuters) - A labour court on Tuesday ordered pilots at Kenya Airways (KQNA.NR) to resume work by Wednesday, seeking to end a strike that has left thousands of passengers stranded at one of Africa's most important aviation hubs. On Tuesday, a labour and employment court judge ordered the pilots to resume their duties "unconditionally" at 6 a.m. local time (0300 GMT) on Wednesday. Kenya Airways welcomed the court's directions, and said it would comply. [1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. Financial turmoil at Kenya Airways preceded the pandemic.

[1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. REUTERS/Monicah MwangiNAIROBI, Nov 8 (Reuters) - The striking pilots at Kenya Airways (KQNA.NR) have been ordered to resume work by November 9, a court ruled on Tuesday, while also barring the airline from penalising the pilots. Employment and Labour Relations court Judge Anna Mwaure ordered "the Kenya Airways pilots to resume their duties as pilots by 6 a.m on 9th November unconditionally." The order comes after a letter from the CEO of Kenya Airways earlier showed its plans to cancel its bargaining and recognition agreements with its pilots union, saying their current strike is unlawful and it amounts to economic sabotage. Members of the Kenya Airline Pilots Association (KALPA) — a union that represents about 400 pilots at the carrier - went on strike on Saturday after failing to resolve a dispute over their pensions contributions and settlement of deferred pay.

☆ Kenya Airways to dump bargaining deals with pilots, letter shows
▼ + stars: | 2022-11-08 | by ( Industry Insight | Reuters Professional | Regenerative Agriculture Seen As Answer To Averting Africa'S Growing Food Crisis | ) www.reuters.com time to read: +2 min

[1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. REUTERS/Monicah MwangiNAIROBI, Nov 8 (Reuters) - Kenya Airways (KQNA.NR) plans to cancel its bargaining and recognition agreements with its pilots union, saying their current strike is unlawful and it amounts to economic sabotage. Members of the Kenya Airline Pilots Association (KALPA) — a union that represents about 400 pilots at the carrier - went on strike on Saturday after failing to resolve a dispute over their pensions contributions and settlement of deferred pay. The carrier, which is one of the biggest in Africa, wants to withdraw from its collective bargaining agreement with the union, a letter by signed by its CEO Allan Kilavuka showed on Tuesday. "We hereby give notice by KQ (Kenya Airways) of its immediate withdrawal from the existing recognition agreement and the collective bargaining agreement with KALPA," the company said in the letter.

☆ Passengers stranded as pilots at Kenya Airways strike
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +2 min

[1/6] A woman pushes her luggage after her flight was cancelled during a strike by Kenya Airways pilots, organised by Kenya Airline Pilots Association (KALPA), at the Jomo Kenyatta International airport in Nairobi, Kenya. REUTERS/Thomas MukoyaNAIROBI, Nov 5 (Reuters) - Thousands of flights were disrupted and passengers stranded as pilots at Kenya Airways PLC (KQNA.NR), one of Africa's biggest carriers, began a strike on Saturday, despite the government urging them to call it off. The Kenya Airline Pilots Association (KALPA) said the carrier's management declined to listen to their proposals on how resolve their grievances. In last-minute talks to avert a strike, Transport Minister Kipchumba Murkomen had issued a plea to the pilots union not to go ahead with the industrial action. One of Africa's largest airlines, Kenya Airways carried over 8,000 passengers daily in the first half of this year, according to the airline.

☆ Kenya Airways says pilot strike causing flight disruptions
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

Nov 5 (Reuters) - Kenya Airways PLC (KQNA.NR) said it was experiencing disruptions to its flight schedule after its pilot union began a strike on Saturday, despite the government urging them to call it off. The pilots union had said earlier it would call a strike over a dispute on pensions contributions and settlement of deferred pay for its members after a 14-day notice had passed without the airline's management addressing their grievances. The airline had described the planned strike as unlawful and warned that it could jeopardise its recovery from the pandemic, and the airline could at a minimum lose 300 million shillings ($2.5 million) a day. In last-minute talks to avert a strike, Transport Minister Kipchumba Murkomen had issued a plea to the pilots union not to go ahead with the industrial action. Reporting by Akriti Sharma in Bengaluru and Elias Biryabarema in Kampala; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ Kenya Airways says plan by pilots to start strike on Nov. 5 unlawful
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] Kenya Airways planes are seen at the Jomo Kenyatta international airport in Nairobi, Kenya August 1, 2020. REUTERS/Njeri Mwangi/File PhotoNAIROBI, Nov 4 (Reuters) - Kenya Airways PLC's (KQNA.NR) pilots will begin a strike on Nov. 5, their union said on Friday, which the airline described as unlawful and could jeopardise its recovery from the pandemic. "The intended unlawful industrial action negates the strides KQ (Kenya Airways) has made this year in improving its financial position following the COVID pandemic that affected the economy," it said in a statement. It warned that the industrial action could at a minimum cost it 300 million shillings ($2.5 million) a day. The Kenya Airline Pilots Association (KALPA) — a union that represents more than 400 pilots at the carrier — issued the notice that expired at midnight on Wednesday, following a dispute over pensions contributions and settlement of deferred pay for its members.

☆ Kenya Airways pilots to start strike on Nov. 5, union says
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Kenya Airways planes are seen through a window as the Jomo Kenyatta international airport in Nairobi, Kenya August 1, 2020. REUTERS/Njeri Mwangi/File PhotoNAIROBI, Nov 4 (Reuters) - Kenya Airways PLC's (KQNA.NR) pilots will begin a strike on Nov. 5, their union said on Friday, adding that a 14-day notice on the action had ended without the airline's management addressing their grievances. The Kenya Airline Pilots Association (KALPA) — a union that represents more than 400 pilots at the carrier — issued the notice that expired at midnight on Wednesday, following a dispute over pensions contributions and settlement of deferred pay for its members. "We are therefore at liberty to exercise our right to withdraw our labour forthwith," Murithi Nyagah, the general secretary of KALPA, said in a statement. ($1 = 121.4500 Kenyan shillings)Reporting by Duncan Miriri; Writing by George Obulutsa; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Kenya Airways pilots to give decision on strike after govt plea to call it off
▼ + stars: | 2022-11-04 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

[1/2] Kenya Airways planes are seen through a window as the Jomo Kenyatta international airport in Nairobi, Kenya August 1, 2020. REUTERS/Njeri Mwangi/File PhotoNAIROBI, Nov 4 (Reuters) - Kenya Airways PLC's (KQNA.NR) pilots union will give its final decision later tonight on whether to begin a strike on Saturday after the government urged them to it call off, the transport minister said on Friday. He also said he was hopeful the pilots would obey a court order invalidating the strike. "I’m very optimistic that in the next two hours, the pilots will make the right decision," he said of the decision by the pilots expected at 9pm local time (1800 GMT). The Kenya Airline Pilots Association (KALPA) — a union that represents more than 400 pilots at the carrier — has said it is at liberty to call a strike after its strike notice expired.

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