Kenya Airways Cancels New York Flights As Demand Dips

Kenya Airways Cancels New York Flights As Demand Dips

Fastjet Tanzania has signalled losses.
The company on Tuesday, November 6, 2018, announced the appointment of Mr Lawrence Masha its first executive chairman, the strongest indication yet of the plan to disengage from Fastjet Plc.
The appointment of the former cabinet minister who is also a minority shareholder in the airline is one of the planned interventions to steady the airline from operational crosswinds.
Fastjet Plc. CEO Nico Bezuidenhout recently issued a red alert on the company over mounting debts and inability to fund day-to-day operations.
He said they were considering closing the Tanzania operations should shareholders not urgently pump in more liquidity.
Fastjet Plc announced half-year operational loss of $14.6 million (over TSh33 billion, Ksh1.47 billion) in June as opposed to $13.2 million over the same period last year.
The company planned to raise $44 million (Over TSh100 billion, Ksh1.95 billion) last year September but only managed $28 million.
The airline’s majority shareholders feel it was untenable to continue bailing out the loss making company.
Fastjet Plc operations are anchored in Tanzania from where it flies to a few countries but has recently struggled to get enough traffic while regulatory bottlenecks have delayed plans to scale down operations by deploying the cheaper and efficient ATR aircraft.
Turnaround strategy
Mr Masha would therefore be expected to quickly oversee a turnaround strategy that include making the airline wholly owned by Tanzanians.
“Mr Masha will be working closely with the company’s management team to oversee the smooth operation of the airline and the (equity) buyout which is currently in progress,” Fastjet Tanzania general manager, Mr Derrick Luembe, said in a statement seen by The Citizen.
Details of the plan by Fastjet Tanzania to purchase all stake from the mother company will likely be made public tomorrow November 9, 2018 at a planned briefing of the media.
“We are optimistic that Mr Masha’s experience in various sectors will help us attain our set goals,” said Mr Luembe.
Mr Masha is also chairman of Board of Tanga Cement and Ecoprotection. He is also a member of the Board of the Newforest Company and managing partner of Gabriel and Co. Attorneys.
“As a former minister for Home Affairs, deputy minister for the then ministry of Energy and Minerals and managing director of Tanzania Oxygen Limited , the board has confidence that under his stewardship the airline will grow stronger,” said Mr Luembe.
Fastjet Tanzania has over its six years of operations carried more than 2.5 million passengers in Tanzania alone.
The budget career, which operates flights between Dar es salaam and Mwanza, Mbeya, Kilimanjaro, Lusaka and Zimbabwe, records an average of 30,000 passengers on a monthly basis.
Fastjet Tanzania Plc was founded in November 29, 2012 after the acquisition of Fly540 in the same year. It runs a fleet of two Embraer E190 aircraft.
ATCL is next
 
JKasuku255 said:
vile mnaomba omba kila mahali hehehehehehe
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Wanaotembeza bakuli ni ninyi wakenya, Uhuru anazunguka dunia nzima kuomba pesa, ameshaenda China zaidi ya Mara 7, deni lenu kwa China ni $10B. Magufuli hajawahi kugusa China, deni letu kwa China ni $2B, tena liliombwa na Kikwete. Sisi kwa sasa tunategemea mfuko WETU, ninyi ni nchi ombaomba ndio sababu omba omba wa Tanzania wanakuja huko.
 
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hehehehehehe Kumbe FDI yenu tupu ni foreign AID hahahahahahahahahahahahaha
 
Kq waiuzie hizo dreamliner zake za mkopo kwa Atcl ili tuanze mara moja kwenda ulaya
 
joto la jiwe said:
Huna point, wewe hujulikani unalotaka kuzungumza zaidi ya kutapatapa.
Click to expand...
sema tu maths na kusoma uko leve la darasa la pili
hehehehehe
if you don't see the point then go back to darasa la tatu..
maliza shule hadi highschool.. pita.. halafu rudi hapa.. hehehehehehe
 
joto la jiwe said:
Huna point, wewe hujulikani unalotaka kuzungumza zaidi ya kutapatapa.
Click to expand...
World Bank pulls $300m Tanzania loan over pregnant schoolgirl ban
Policy that denies schooling to young mothers cited among key reasons for withdrawing education fund




Adolescent girls attend an after school programme in Dodoma, Tanzania. Photograph: Jake Lyell/Alamy

The World Bank has withdrawn a $300m (£232m) loan to Tanzania, amid concerns about the nation’s policy of expelling pregnant girls from school.
The money, a significant proportion of funding totalling $500m awarded to Tanzania by the bank in 2018, was scheduled for approval last month. It was intended to help Tanzania’s education ministry to improve access to secondary education.
Tanzanian schools routinely expel girls who become pregnant, who are thought to number about 8,000 a year. The practice dates back several decades but has intensified since President John Magufuli took office in 2015. Some schools have imposed compulsory pregnancy tests on girls.
The president went a step further in June, announcing that students would not be allowed to return to school after giving birth.
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In January, campaigners condemned the arrest of five pregnant pupils in the Tandahimba district, on the Mozambique border, saying that the men who impregnated them should be arrested instead.
A source within the World Bank told the Guardian that the government’s policy of expelling pregnant girls was among the reasons for the loan withdrawal.
In an official statement, a bank spokesman said: “The World Bank supports policies that encourage girls’ education and make it possible for young girls to study in schools until they reach their full potential. The economic and social returns for girls finishing their education are very high in every society for both current and future generations.
“Working with our partners, the World Bank will continue to advocate girls’ access to education through our dialogue with the Tanzanian government.”
In 2017, a Human Rights Watch report concluded that the discriminatory policy contributed to 1.5 million children being out of school in the country.

The source said other factors in the bank’s decision to withdraw the loan included misgivings over a new law, approved in September, that would make it a crime to question official statistics. Last month, the World Bank said it was “deeply concerned” about the amendment to the statistics law – which would impose a fine, at least three years in jail, or both – on those who questioned the accuracy of government figures.
In addition, the World Bank has suspended all visiting missions to Tanzania, because of “threats, harassment and discrimination against the LGBT community”. Visits would not resume “until we can secure the safety and security of all employees”, the source said.
Judy Gitau, the regional coordinator for Equality Now Africa, an advocacy group that has been lobbying to have the expulsions lifted, said: “Unfortunately, the taking away of $300m means all children will suffer. However, it is in the government’s hands to right the wrong, to lift the ban and to ensure the money does come in.
“Most of the young girls who get pregnant come from a background of poverty. The implication of the ban is to deny these girls a basic education and relegate them to a cycle of poverty. The system endorses the view that girls are not as worthy as boys.”
Tanzania has one of the highest adolescent pregnancy rates in the world, with widespread sexual violence and girls exchanging sex for school fees, food and shelter, according to the UN.
Last December, government pardoned two child rapists who raped 10 primary school children, after serving 13 years of their life sentences.
 
JKasuku255 said:
inaonekana wewe ulitoka jela last year hehehehehehe ndio maana hauelewi
Click to expand...
Chizi wewe, hujulikani nini unataka kuongea, hiyo condition medically ni "Flight of ideas", ni dalili ya mental condition known as " Mania". Mara useme hili, mara urukie lingine, rudi Mathare Hospital kuchukua dawa zako.
 
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