Browsing: Nairobi

Cost of living in African cities

The Mercer 2020 gives the cost of living in African cities giving the most expensive and least expensive cities to live in Africa in its Cost of living survey.

The annual survey ranks cities cost of living based on the prices of goods and services such as rent, food and clothing.

The survey is mostly used by multinational organisations to set remuneration packages for their foreign-based employees.

“The Covid-19 pandemic reminds us that sending and keeping employees on international assignments is a huge responsibility and a difficult task to manage,” said Ilya Bonic, career president and head of Mercer Strategy.

According to the report, in East Africa, Kampala Uganda is the least expensive city to live in while Nairobi Kenya is the most expensive city, Kigali Rwanda takes the second least-expensive city followed by Dar-es-Salaam Tanzania.

Also Read: Cost of living to go up for EAC

The report sampled 40 …

President Kenyatta dismisses port grab as mere propaganda noting that Kenya was already way ahead in servicing its debts to China

Every month, Kenya’s Standard Gauge Railway moves an average of 200 cargo trains from the coastal city of Mombasa to Nairobi’s inland container depot. With it, it moves at least 1,000 containers to Nairobi. This has left a bitter taste among residents of Mombasa, who have over the years depended on the undertakings around the port for jobs.

SGR, which has been billed as the biggest transport infrastructure project in the Kenya’s history, is expected to haul about nine million tonnes of cargo to make a profit of Sh5.08 billion a year, averaging Sh424 million per month, compared with 990,488 tonnes carried in the first year when SGR made a loss of Sh10 billion.

The SGR has so far made Sh10.9 billion from cargo and passenger business since it started operating, according to the Kenya National Bureau of Statistics’ economic indicators report released in December 2018.

The cracks on the …

Nairobi's Airport shines even as Kenya Airways struggle

Jomo Kenyatta International Airport is the 2nd fastest growing airport in the word cargo ranking. This has been revealed in the Airports Council International (ACI) latest World Airport Traffic Report, which highlights top airports for passengers, cargo and aircraft movements and showcases the world’s fastest-growing airports for 2018.

JKIA was ranked 2nd in the ‘Fastest Growing Airports (Handing over 250,000 metric tons of air cargo)’ category, after handling over 342,000 metric tons of air cargo in 2018, a 25% growth from the what was reported in the year 2017.

This ranking came as a surprise to many given the dwindling fortunes of Kenya Airways which has been facing a hard economic time coupled with staff strikes and poor profitability. Kenya Airways management has fallen out with its pilots over continued losses at the airline, in the latest of many stand-offs between the two groups. This is in the wake of …