Thu, 12-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Air transport supports 620,000 jobs, contributes US$3.2bn in GDP for Kenya

    The Kenyan
    By The Kenyan Wall Street
    - June 21, 2017
    - June 21, 2017
    Kenya Business news
    Air transport supports 620,000 jobs, contributes US$3.2bn in GDP for Kenya

    The International Air Transport Association (IATA) released new data showing that the air transport sector in Kenya supports some 620,000 jobs including tourism-related employment, while contributing US$3.2 billion or 5.1% of the East African nation’s GDP.

    “The study confirms the vital role that air transport plays in facilitating over US$10 billion in exports, some US$4.4 billion in foreign direct investment and around US$800,000 in inbound leisure and business tourism for Kenya. However, by adopting policies that ensure a competitive operating environment for the airlines, Kenya could reap even greater dividends from aviation,” said Muhammad Ali Albakri, IATA’s Regional Vice President for the Middle East & Africa, who is making his first visit to Africa in his new capacity.

    Infrastructure, Ease of Travel and Cost Competitiveness Are Vital:

    • •According to executives surveyed by the World Economic Forum, Kenya’s transport infrastructure quality score places the country 6th out of 37 African countries surveyed and 78th globally
    • •Kenya ranks 10th out of 37 African countries for visa openness
    • •Kenya ranks 31st out of 37 for cost competitiveness in the air transport industry, based on air ticket taxes, airport charges and VAT

    Around 130,000 aircraft land and take off from one of Kenya’s five main airports every year. Nairobi’s Jomo Kenyatta International is the key gateway and handled over 5.8 million passengers in 2014.

    “While Kenya’s air transport infrastructure ranks highly among African states, it is important that heavy fees, taxes and charges do not hold aviation back. We are very encouraged by the news that the Kenya Airports Authority has embarked on a study to review Airport charges downwards,” concluded Albakri.

    During his visit to Nairobi, Mr. Albakri will be meeting with key industry stakeholders including officials from Kenya’s government, the Kenya Civil Aviation Authority, Kenya Airports Authority, Kenya Airways and IATA’s regional sister body, the African Airlines’ Association.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa