Travel

University funding Kenya
Travel
Dredan Njau

How Kenya’s cost of education compares globally

As Kenya’s tertiary education sector undergoes a seismic shift, questions surrounding the value and accessibility of higher education are swirling in the minds of both students and the general public. The introduction of a new funding model, set to be implemented this year, is eliciting contrasting reactions – university administrations are breathing a sigh of relief, while wananchi question the worth of an education that comes with an increasingly hefty price tag. A new funding model, touted as a lifeline for the cash-strapped varsities, promises to extricate them from the clutches of financial crises induced by bad debt and the government’s past failures to honour

Read More
Kenya Airways
NewsTravel

Kenya Airways six-month loss soars to Sh21 billion on forex hit

In the six months to June 2023, Kenya Airways suffered a net loss of Kes21.7 billion, a notable increase from the Kes9.9 billion loss recorded in June 2022 as a result of rising costs and foreign exchange-related losses. Despite this, the airline witnessed a substantial upswing in turnover, with a remarkable 56 percent increase to Kes75 billion. This growth was fueled by a significant boost in passenger revenue, contributing Kes30 billion to the overall turnover. However, operating costs escalated from Kes57.9 billion to Kes96.7 billion within the first half of the year. A considerable portion of this increase was attributed to Kes17.8 billion in foreign…

Read More
UN conference
NewsTravel
Otiato Guguyu

Conference tourism drives back dollars to Nairobi

Rise in conference tourism and high flying events are helping Kenya recover from the slump in tourism even as players’ caution the government’s push to double park fees. The Kenya Tourism Board (KTB) data shows that the sector booked Kes152.6 billion in the six months to June, up from Kes116.2 billion in 2022. The earnings improved as visitor arrivals grew to 847,810 from 642,861 arrivals in a similar period in 2022, representing a 32 percent increase. But even as tourist numbers increase, sector players are raising an alarm over the doubling of park fees saying Kenya is pricing itself out of the market. Kenya has…

Read More
Tourism numbers Kenya
CorporateNewsTravel
James Wambua

Tourists to Kenya, Egypt post a sharp rise in January

Egypt’s tourism sector, which was witnessing a boom before the pandemic, received a timely boost in January when Kenya sent one of the biggest delegations to Sham el Sheikh for the UN-backed climate talks. Statistics from e-Visa.co.uk shows that Egypt visa applications went up by 175 percent in the month under focus coinciding with the time when the country hosted UN-backed climate talks, popularly known as COP27, where President William Ruto led one of the biggest global delegations of over 380 people from Kenya.  Besides the Presidency, Kenya’s delegation was drawn from nearly 100 senior officials from ministries, 17 governors, four senators, 17 attendees from…

Read More