Kenya Airways (KQ) has reported a Ksh5.4 Billion ($39.9 million) profit for 2024-a record high in 11 years, overturning a loss of Ksh22.6 billion ($205.4 million) in 2023. This marks a $216.5 million (Ksh28 billion) turnaround, with revenue up six percent from $1.4 billion to $1.5 billion and passenger numbers rising four percent to 5.23…...
Trending
- Kenya: Nedbank acquires 66% of NCBA Group for USD 794 million
- CEMAC: BEAC’s rate cut triggers rush of banks towards refinancing
- South Africa: World Bank approves $1.5 billion loan for infrastructure
- Access Holdings reduces its stake in Access Bank Ghana to 85.96%
- Gabon: Omega Consortium negotiates the buyback of SEEG’s $247 million debt
- Bridge Bank CI: early closure of the 67.5 billion FCFA fundraising operation for an IPO
- CEMAC: FOGADAC aims to secure the banking system with nearly 2 billion USD by 2036
- ECOWAS confirms the launch of its single currency ECO for 2027
Kenya Airways rebounds to profitability after more than a decade in losses
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com