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Kenya’s Jambojet to Double its Passengers in 3 Years

Kimani Patrick

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The Kenya Airways owned Jambojet is opening new routes in East Africa and increasing its flights in a bid to more than double its annual passengers to 1.5 million in the next three years.

The carrier, which is Kenya’s first low-cost airline, ferries 700,000 passengers a year within Kenya and Uganda but it now plans to start flights to South Sudan, Rwanda, Tanzania, Somalia, Democratic Republic of Congo and Comoros.

So far, the company has received clearance by the Rwanda Civil Aviation Authority and rights fly to Goma in Democratic Republic of Congo, Mogadishu in Somalia and Bujumbura in Burundi.

“We are pleased to have received this approval. Kigali is one of the routes we have been pursuing in our expansion plan. Once we have everything in place, we will begin operations,” Jambojet’s Chairman Vincent Rague said.

“We have been given the go-ahead by Kenya Civil Aviation Authority to fly to many of these destinations. We are waiting for the rights to Juba in South Sudan, Comoros, Mwanza and Kilimanjaro in Tanzania and Zanzibar,” Allan Kivaluka, Jambojet’s CEO, said during the unveiling of a new Jambojet Dash8-Q400, Kongoti, with an 82-seat capacity last week.

Jambojet operates six De Havilland Q-400 planes and plans to get three more by the end of the year. The new acquisition comes even as the carrier also plans to boost daily usage of its planes from eight hours to 10 or 13 hours, a move that would give it excess capacity airlines capacity, and reduce fuel costs by 25 per cent, as it looks to expand its wings across Africa.

The carrier’s fleet has an average age of 3.7 years, making it the airline with the youngest fleet in Africa and across the world. Globally, the average age of aircraft flying is 12 years. In August, Jambojet was ranked top airline in Africa with the youngest fleet in a report by global aviation intelligence provider, ch-aviatio.

Passengers flying with Jambojet only pay for seats and an extra charge for services such as baggage and meals, allowing ticket prices to compete with buses and trains.

“People like this model, they are flying this model,” Kilavuka told Reuters in an interview on Wednesday. He also added that the airline has grown traffic by a compounded annual rate of 25%, giving it a modest return.

“We are profitable. The margins are very thin given the costs that we have to incur, and the challenge is to maintain this profitability because the industry is volatile.” Kilavuka disclosed.

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Uber Faces Tax Crisis London

News Team

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Recent report by the Uber Technologies In-cooperation in London has brought to light an interesting report as the United Kingdom seeks to give the Uber company a new classification as a transport provider, putting the company at a risk of incurring new tax charges that could weigh heavily on the business, this according to UK recent days accounts filings.

The new tax charges possibility comes as a great discomfort for the company and causes it further headache as it is coupling up with the regulatory problems which the ride-hailing company is facing in London, one of its largest markets.

Uber says that the tax charges are to be 20% on the gross booking fees or rather, the amount passengers are expected to pay or on the service fees normally accorded to drivers, typically about 20-30% of the entire fare. This situation will leave Uber no choice but to increase its passenger fee charges which will leave it vulnerable to the competition who have over the years been complaining about Ubers’ non-payment of VAT.

Uber said that it risked a back tax claim which could run to hundreds of millions of pounds as the charges could apply in both a retroactively and prospectively way. The company is defending itself vigorously by explaining its beliefs on Her Majesty’s Revenue and Customs. Currently, the structure of Uber is in such a way that for tax purposes, it exports digital services driver based in the United Kingdom from a Dutch subsidiary, Uber BV.  In future, Uber could be exposed to VAT because HMRC could deem its operation in UK to be a transport provider.

Uber failed to secure a 5 year term operating license by only being able to receive a 2 month London operating license in a battle with the regulator which has a history with the company of having stripped off its right to take rides.

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How this Company is Making it easy for Kenyans to own Smart Homes

Kimani Patrick

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From outright fraud to poor financial management claims by rogue developers, prospective homeowners in Kenya have become very skeptical on where to invest their money and achieve their dream of owning a dream home.

This notwithstanding, real estate is a lucrative industry and everyone should get a piece. But how can one identify a genuine dealer? Through professional management, industry experience, timely delivery and setting a track record right from the beginning, a concept that the newest affordable homes developer, Nyumbani Concepts, understands very well.

Founded in June 2019 and guided by the core values of integrity, transparency, professionalism, timeliness, prudence and honesty, the company started out on a mission to redefine affordable housing delivery in Kenya and to positively empower families across the country through home ownership.

The directors of the company Joseph Nderitu (Managing Director), Martin Njoroge (Chief Executive Officer) And Loontubu Caroline (Director Sales & Marketing) have a combined 15 years’ experience in real-estate, financial services and marketing ensuring that your investment is with the right professional team.

Nyumbani team is hands-on when it comes to ensuring site approvals are done within the set timeframes and that all properties are in good condition, location and perfect view before handing over to their clients. And with every transaction, the firm stresses on creative problem solving coupled with judicious application of sound real estate principles.

The company has created housing opportunities for all kinds of pockets at very fair and almost unbelievable deals with its flagship project already at the roofing stage – three months after laying its foundation. Installation of windows and doors have also been done and the contractor has already commenced on house plastering this week.

One of the houses at the Boma Estate by Nyumbani ConceptsWith at least Ksh 1.6M deposit, one is able to own a home with Nyumbani Concepts. The company allows you to pay remaining balance within a flexible period of 12 months as your home gets constructed. As an investor, the flexible investment terms give you an opportunity to strike amazing deals for a very fancy, fascinating and well-constructed home which matches your dream that will be a delight to own and reside.

With three projects in progress so far, Nyumbani is not just the first Kenyan company to grow with trackable speed but also the first to develop internet-ready homes. In every project, the company is installing CCTV security cameras and intercom connectivity for gate security.

Taking a look at the inaugural project, Boma Estate, a gated estate containing 3-bedrooms master en-suite bungalows which sold out within two weeks; the estate provides the owners with a shelter which not only soothes it but also inspires and energizes it like never before, beyond your wildest dreams.

Guided by the right principles, led by the right team and staring out setting the right track record, Nyumbani Concepts is the firm to trust in delivering your dream to own a home. But do not take our word for it, visit the company’s offices at Western Heights 1st floor right wing, Karuna Road, Westlands, Nairobi and ask for a free site visit. You can also call or send them a message on 0723 310000.

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KCB M-Pesa to Be Unavailable for 5 Hours on Saturday Morning to Allow System Upgrade

News Team

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KCB M-pesa service will be unavailable this Saturday on a scheduled maintenance. The maintenance is set to take 5 hours starting 2am Saturday October 4 2019 to 7am same day.

“Due to a planned system maintenance KCB M-PESA services will be unavailable on Saturday 5th Oct from 02:00am – 07:00am. We apologize for the inconvenience.” read a text sent to the service subscribers on Friday night.

Throughout the period subscribers will not access any KCB Mpesa services.

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