Kenya Railways Rising From The Ashes

Kevin85ify · 2024-01-17T09:33:57+00:00

Kenya railways has been a SOE(State owned enterprise) that has been making huge losses over the last several decades. This culminated with the company making a huge operating loss of close to KSHS 10.5 billion in the year FY 2021/2022. A turn around initiative instituted by the former regime has now seen the corporation reduce it's operational losses to KSHS 2.4 billion for FY 2022/2023 .This is almost an 80% reduction in operational losses for Kenya Railways. The good performance is attributed to the rehabilitation of the MGR network which managed to rake in KSHS 2.3 billion in FY 2022/2023 and also growth in SGR passenger and cargo which raked in KSHS 18.2 Billion. The SGR revenue recorded 5 years of consecutive growth from KSHS 4 billion in FY 2017/2018 to KSHS 18.2 billion in FY 2022/2023. In comparison to FY 2021/2022 this increase is a 21.2% increase in revenue. Cargo haulage through the SGR now accounts for 27% of port throughput. Kenya railways managed to increase passenger numbers to 5,765,743 in FY 2022/2023 on both MGR and SGR while also increasing cargo to 7.16 Million tonnes in FY 2022/23 for both MGR and SGR. The SGR accounted for 6.2 million tonnes of the 7.16 million tonnes. Rising from years of blatant mismanagement, corruption and looting this is a result we should be happy about. It means KR is on it's way to reclaim the spot it had in the old days as one of the largest employers in the country.

Thread starter Kevin85ify
Start date Jan 17, 2024
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Kevin85ify

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Kenya Railways Rising From The Ashes

Kevin85ify

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