Travel companies in Kenya are asking for government support to better resist the coronavirus pandemic. In a statement issued last April 14, Mohammed Wanyoike (pictured), head of the Kenya Association of Travel Agents (KATA) called the state to grant the association a financial support.
"We call on policymakers to continue discussions and agree on coordinated measures that are necessary for the successful start of travel even as they strive to improve the country's epidemiological situation […] We urge the government to particularly pay attention to the vulnerable travel industry in the recovery phase, to not only save small businesses but to save jobs as well," said Mohamed Wanyoike.
The travel industry, very close to that of tourism and hotel, has suffered a heavy loss due to the pandemic, not only in Kenya but also in the rest of the world. In this East African country where many SMEs are active in the travel sector, the restriction measures deployed to control the spread of the virus has led to massive financial losses for entrepreneurs in 2020. In recent weeks, these measures have been tightened in Nairobi and four Kenyan counties, resulting in the suspension of all domestic flights by Kenya Airways.
KATA's response to the situation includes a moratorium on lending to businesses that are already struggling to return to pre-covid-19 profit levels. We need a framework of coordination of travel restrictions that will not kill the travel businesses in Kenya, which includes a common criterion that seeks to facilitate continued travel rather than impede it,” the KATA president said.
In June last year, the Kenya Association of Manufacturers (KAM) also asked for the same support from the government for the industry sector. And three months later the state announced a $92 million credit guarantee facility for businesses.
Moutiou Adjibi Nourou
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
EACOP pipeline reaches 82% completion ahead of planned 2026 launch Project to transport 216,000 barrels daily from Uganda to Tanzania Legal...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...