Nairobi News

HustleWhat's Hot

Five things that Sh25 billion lost by Kenya Airways can do

National carrier Kenya Airways has posted Sh25.7 billion net loss in the 2014/15 financial year ending March.

Here is what the amount can do to transform the country:

1. Construct a double-decker highway from Nyayo Stadium to Westlands roundabout

A deal signed three years ago by then Finance Minister Njeru Githae committed Sh25 billion to the construction of the country’s first double decker highway from Nyayo Stadium to Westlands roundabout in an effort to reduce the traffic menace in the city.

The Sh25 billion loss by Kenya Airways could have easily funded the project and ease the traffic nightmares in the capital

2. Construct 7000 housing units in Nairobi

Nairobi County announced that it would run a Sh50 billion housing upgrade project in Eastlands and other parts of the city. The project seeks to construct 14, 000 housing units

The loss by Kenya Airways could easily fund half of the project and ease the burden of housing to Nairobi residents.

3. Pay exam fees for secondary and primary school students for 10 years.
The government earlier in the year announced that it will use Sh2.5 billion to pay examination fees for KCSE and KCPE candidates every year.

KQ’s loss of Sh25 billion would have funded the programme for 10 years.

4. Finance the Devolution ministry’s youth empowerment programme and NYS projects.

Treasury CS Henry Rotich has in this year’s budget allocated Sh25 billion to the youth empowerment programme and NYS projects run by the Devolution ministry.

KQ’s loss would have benefited thousands of youths enrolled in the programme.

5. Expand the Mombasa port
Earlier in the year, Kenya signed a Sh 25 billion deal with Japan for the expansion of the Mombasa port through the construction of a new container terminal.

KQ’s loss would have finished the project without any damage on taxpayers.