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
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Egypt approves 5.1 trillion pound budget for 2026/2027 Spending prioritizes health, education, social protection, economic growth Revenues projected...
The DFC plans to convert a $31M loan into equity in Syrah Resources, targeting a 20% stake in the Balama graphite mine in Mozambique. The deal...
Growth driven by reforms, mining income, improved tax administration S&P affirms B+ rating, revises outlook to positive Guinea's public revenue...
New unit targets overseas electricity projects and technical services Projects underway in Niger and Mozambique support expansion strategy Algeria's...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...