Trending
- Under President Lula, Brazil rekindles trade ties with Africa
- A huge task awaits Kamau Thugge at the Central Bank of Kenya
- Forget GMOs, human action is fueling world hunger
- East African border towns a pain point for informal women traders
- BoT implements tough measures to curb inflation in Tanzania
- Kenyan manufacturers raise concerns on the Finance Bill 2023
- Leveling the Financial Playing Field for Africa
- In Tanzania, smallholder farmers reaping big from Mercantile Exchange
Aviation
- Major African airlines have been hard hit since the Covid-19 pandemic struck.
-
This year is however expected to bring good tidings for the industry, albeit low profit margins.
-
IATA expects a return to profitability for the global airline industry in 2023, as airlines continue to cut losses stemming from the effects of the pandemic to their business in 2022.Â
The global aviation industry is set for a bounce back this year as airlines navigate turbulence that has shaken the industry since 2020, threatening to bring down carriers in the market.
Major African airlines have been hard hit since the Covid-19 pandemic struck.
A report by the African Airlines Association (AFRAA) indicates the pandemic hit Africa’s aviation industry in 2021, resulting in an estimated $8.6 billion loss.
While the figure was less than the $10.21 billion loss recorded by the sector in 2020, it was still a 49.8 per cent decline …
- Total operating costs during the year under review increased to USD930.1 million (Ksh122.4 billion) from USD585.3 million (Ksh77.02 billion).
- This ate into gains made in revenue as total income grew to USD887.5 million (Ksh116.8 billion), from USD533.4 million (Ksh70.2 billion).
- African carriers are expected to post a loss of USD638 million in 2022, narrowing to a loss of USD213 million in 2023, according to IATA.
Kenya’s flag carrier-Kenya Airways has posted the worst loss ever as high operating costs wiped out gains made in revenues last year, as the aviation industry slowly picked from the impact of the Covid-19 pandemic.
The carrier’s has reported a USD290.8 million (Ksh38.26 billion) loss for the year ended December 2022, which is a dip from USD120.6 million (Ksh15.87 billion) posted in a similar period in 2021.
Total operating costs during the year under review increased to USD930.1 million (Ksh122.4 billion) from USD585.3 million (Ksh77.02 …
- Effective March 1 2023, Lufthansa Group appointed Kevin Markette as the new General Manager for the East African region.
- This encompasses Kenya, Ethiopia, Uganda, Rwanda, Burundi and Tanzania.
- Effective June 3, 2023, Lufthansa will expand its current connection from Frankfurt, Germany into Nairobi for the summer flight schedule from five to seven weekly flights.
The Lufthansa Group has re-affirmed its commitment to East Africa by relocating the commercial responsibility for the passenger business back to Kenya.
Effective March 1 2023, Lufthansa Group appointed Kevin Markette as the new General Manager for the East African region.
This encompasses Kenya, Ethiopia, Uganda, Rwanda, Burundi and Tanzania.
With his position and team permanently based in Nairobi, he will be able to better focus on the needs of regional customers and through a physical presence in the region be closer to the market.
Markette succeeds Dr. André Schulz, who has been appointed Head of …
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation.
In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken.
“Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for special wants children, who experienced a fever and chills. “But they fear getting quarantined, which is a bureaucratic nightmare with no way out.”
Speaking to The Andrew Jackson Society, he added: “I want to express to the people of Scotland: as you know, we are a country of …
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation.
In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken.
“Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for special wants children, who experienced a fever and chills. “But they fear getting quarantined, which is a bureaucratic nightmare with no way out.”
Speaking to The Andrew Jackson Society, he added: “I want to express to the people of Scotland: as you know, we are a country of …
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation.
In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken.
“Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for special wants children, who experienced a fever and chills. “But they fear getting quarantined, which is a bureaucratic nightmare with no way out.”
Speaking to The Andrew Jackson Society, he added: “I want to express to the people of Scotland: as you know, we are a country of …
In Africa, South Africa has the biggest Airbnb market, accounting for half the listings in Africa.
In 2021, Airbnb registered 2.9 million hosts, with 100,000 of those coming from Africa. Approximately 14,000 hosts are now joining every month. It has reported 7 million listings and has spread to over 100,000 cities in 220 countries and regions.
South Africa boasts 43,400 listings and an income of above US$95 million; Morocco has 21,000 listings and an income of above US$22 million; Kenya has 5900 listings and a US$3.9 million income. …
- Kenya Airways (KQ) signs a code-sharing deal with Italian airline ITA AirwaysÂ
- KQ said travellers could connect on the Kenya Airways network to ITA Airways network across Europe and reach some of Italy’s most picturesque cities and towns
- Customers flying from Nairobi with Kenya Airways will be able to conveniently connect to 13 destinations in Italy, among them Brindisi, Bologna, Bari, Catania, Genoa, Lamezia Terme and Napoli
Kenya Airways (KQ) and ITA Airways, Italy’s new flag carrier, have announced a code sharing agreement providing passengers with seamless connections from the Kenya Airways network to destinations across Europe.
In a statement, KQ said travellers could connect on the Kenya Airways network to ITA Airways network across Europe and reach some of Italy’s most picturesque cities and towns.
Customers flying from Nairobi with Kenya Airways will be able to conveniently connect to 13 destinations in Italy, among them Brindisi, Bologna, Bari, Catania, …
Kenya’s national carrier, Kenya Airways PLC (KQ), has signed a Strategic Partnership Framework with South African Airways (SAA), a key milestone towards co-starting a Pan African Airline Group by 2023.
The partnership framework follows the Memorandum of Cooperation (MoC) that the two airlines signed two months ago to foster the exchange of knowledge, expertise, innovation, digital technologies, and best practice between the two airlines.
The signing of the Strategic Partnership Framework by the two African airlines will see both airlines work together to increase passenger traffic, cargo opportunities, and general trade by taking advantage of strengths in South Africa, Kenya, and Africa.
It is expected that the partnership will improve the financial viability of the two airlines. Customers will also benefit from more competitive price offering for both passenger and cargo segments.
The signing of the Strategic Partnership Framework was witnessed by President Uhuru Kenyatta and his South African host, …
