World bank ranks: Kenya second on logistics


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In Summary

  • The bank’s Logistic Performance Index (LPI) released yesterday ranks Kenya at position 42 globally after it scored an average score of 3.33 points.
  • By comparison, the survey ranks Uganda and Tanzania at positions 58 and 61 respectively. Uganda has an average score of 3.04 while Tanzania has 2.99. The World Bank has classified Kenya as the best logistics performer in East Africa as continued removal of administrative controls and improved infrastructure pay dividends points.
 
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So when ATCL gets a loan from the government - Tumenunua wenyewe na pesa zetu.
When KQ gets a loan from the government - mmenunuliwa ndege.

Why are you so stupid?
The loan was from Afreximbank n not poor sorry ass GoK! KQ as a listed company can not compare itself to Air Tanzania whole owned by GoT!
 
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The loan was from Afrieximbank n not poor sorry ass GoK! KQ as a listed company can not compare itself to Air Tanzania whole owned by GoT!
The loan from Afrieximbank was only $200M. We bought 8 dreamliners, 4 B737-700, 8 B737-800, 3 B777-300ER (which are bigger than Dreamliners btw), 15 Embraer 190ER and 2 737-300. A single dreamliner alone costs $325M. This means the money we borrowed from Afriexim Bank can't even buy a single dreamliner yet we have 8 of them plus 3 777s. So where do you get the stupidity that our planes are on loan from? Stop being stupid Giza.
 
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The loan from Afrieximbank was only $200M. We bought 8 dreamliners, 4 B737-700, 8 B737-800, 3 B777-300ER (which are bigger than Dreamliners btw), 15 Embraer 190ER and 2 737-300. A single dreamliner alone costs $325M. This means the money we borrowed from Afriexim Bank can't even buy a single dreamliner yet we have 8 of them plus 3 777s. So where do you get the stupidity that our planes are on loan from? Stop being stupid Giza.

Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank
Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank

Cairo, 31 March 2014 – Kenya Airways today took delivery of its first Boeing 787-800 “Dreamliner” next generation aircraft in Seattle, United States, with the start of the execution of the second phase of a $1.9 billion aircraft purchase transaction arranged by the African Export-Import Bank (Afreximbank).

The phase involves the delivery of 10 Boeing aircraft, comprising nine 787-800 “Dreamliners” and one 777-300ER jet, to Kenya Airways as part of the 20-aircraft purchase transaction for which Afreximbank is the mandated lead arranger.

During the first phase, which ended in November 2013, Afreximbank delivered 10 Embraer-190 aircraft to the airline as part of a delivery schedule that began in August 2012.

The Boeing delivery financing, for which Afreximbank is the global coordinator, comprises a senior US-Exim guaranteed tranche and a commercial tranche.

Afreximbank is also acting as the arranger and underwriter of the commercial tranche, while Citigroup Global Markets, Inc. and JP Morgan Chase Bank, N.A. are the arrangers for the senior US-Exim guaranteed tranche.

“Afreximbank is committed to supporting transactions that further Africa’s integration,” said Jean-Louis Ekra, President of the Bank.

“Kenya Airways has established itself a leading airline on the continent. We are confident that this delivery will enable it to strengthen and expand its route network and, as such, bring about increased business connectivity across the continent.”

In May 2012, Kenya airways mandated Afreximbank to arrange the financing for the 10 Embraer-190 and 10 Boeing aircraft under a package consisting of pre-delivery payments facilities to fund advance payments to Boeing and Embraer, the aircraft manufacturers, and aircraft delivery facilities to fund the deliveries.

The transaction is part of the first phase of Kenya Airways’ fleet upgrade and a key component of its 10-year business plan for the period 2012 to 2021.
——–

About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, Afreximbank has approved almost $30 billion in credit facilities for African businesses, including about $3.5 billion in 2013.
Afreximbank is headquartered in Cairo. For more information, visit: www.afreximbank.com


About Kenya Airways:
Kenya Airways is one of Africa’s leading airlines and the national flag carrier of Kenya with its hub at the Jomo Kenyatta International Airport, Nairobi. It is listed on the Nairobi Stock Exchange, with cross listings on the Uganda and Dar-es Salaam Stock Exchanges. The government of Kenya is the largest shareholder, with a 29.8 per cent stake, followed by KLM Royal Dutch Airlines, with 26.7 per cent. During the rights issue in 2012, the International Finance Corporation became one of the new institutional shareholders with a 9.6 per cent stake. Kenya Airways has been in a strategic alliance with KLM since 1995 and is currently the only member of the Sky Team global airline alliance domiciled in Africa.

Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank - African export-import bank
 
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Ebwana eeh, manake ukiweka order yako sasahv utasubiri sana

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Here is my idea of kind of planes need to be procured to be competitive out there! In total 10.

787-8/787-9/787-10 Dreamliner × 3
A220-300 × 4
B777X for cargo × 2
Q400 × 1
 
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Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank
Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank

Cairo, 31 March 2014 – Kenya Airways today took delivery of its first Boeing 787-800 “Dreamliner” next generation aircraft in Seattle, United States, with the start of the execution of the second phase of a $1.9 billion aircraft purchase transaction arranged by the African Export-Import Bank (Afreximbank).

The phase involves the delivery of 10 Boeing aircraft, comprising nine 787-800 “Dreamliners” and one 777-300ER jet, to Kenya Airways as part of the 20-aircraft purchase transaction for which Afreximbank is the mandated lead arranger.

During the first phase, which ended in November 2013, Afreximbank delivered 10 Embraer-190 aircraft to the airline as part of a delivery schedule that began in August 2012.

The Boeing delivery financing, for which Afreximbank is the global coordinator, comprises a senior US-Exim guaranteed tranche and a commercial tranche.

Afreximbank is also acting as the arranger and underwriter of the commercial tranche, while Citigroup Global Markets, Inc. and JP Morgan Chase Bank, N.A. are the arrangers for the senior US-Exim guaranteed tranche.

“Afreximbank is committed to supporting transactions that further Africa’s integration,” said Jean-Louis Ekra, President of the Bank.

“Kenya Airways has established itself a leading airline on the continent. We are confident that this delivery will enable it to strengthen and expand its route network and, as such, bring about increased business connectivity across the continent.”

In May 2012, Kenya airways mandated Afreximbank to arrange the financing for the 10 Embraer-190 and 10 Boeing aircraft under a package consisting of pre-delivery payments facilities to fund advance payments to Boeing and Embraer, the aircraft manufacturers, and aircraft delivery facilities to fund the deliveries.

The transaction is part of the first phase of Kenya Airways’ fleet upgrade and a key component of its 10-year business plan for the period 2012 to 2021.
——–

About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, Afreximbank has approved almost $30 billion in credit facilities for African businesses, including about $3.5 billion in 2013.
Afreximbank is headquartered in Cairo. For more information, visit: www.afreximbank.com


About Kenya Airways:
Kenya Airways is one of Africa’s leading airlines and the national flag carrier of Kenya with its hub at the Jomo Kenyatta International Airport, Nairobi. It is listed on the Nairobi Stock Exchange, with cross listings on the Uganda and Dar-es Salaam Stock Exchanges. The government of Kenya is the largest shareholder, with a 29.8 per cent stake, followed by KLM Royal Dutch Airlines, with 26.7 per cent. During the rights issue in 2012, the International Finance Corporation became one of the new institutional shareholders with a 9.6 per cent stake. Kenya Airways has been in a strategic alliance with KLM since 1995 and is currently the only member of the Sky Team global airline alliance domiciled in Africa.

Kenya Airways receives first Dreamliner in transaction arranged by Afreximbank - African export-import bank
Your post doesn't in any way explain if Afriexim bank paid for those planes - remember KQ has 8 dreamliners and 3 777s which are bigger than Dreamliners. You posted here a source yourself that explained KQ borrowed just 200M dollars from Afrexim bank - 200M cannot even buy a single dreamline.

Afriexim Bank was just the CORDINATOR. Read your sources before posting them and more importantly UNDERSTAND them. A cordinator is not a FINANCER. Go to school
 
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Your post doesn't in any way explain if Afriexim bank paid for those planes - remember KQ has 8 dreamliners and 3 777s which are bigger than Dreamliners. You posted here a source yourself that explained KQ borrowed just 200M dollars from Afrexim bank - 200M cannot even buy a single dreamline.

Afriexim Bank was just the CORDINATOR. Read your sources before posting them and more importantly UNDERSTAND them. A cordinator is not a FINANCER. Go to school
stop being a fool the bank arrangement organized by ur government was a result of failing to honor repayment!
 
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stop being a fooll the bank arrangement organized by ur government was a result of failing to honor repayment!
Which repayment? You say KQ got a loan to buy the dreamliners, now you are talking of repaying before the dreamliners were even bought. Why are you so confused?:D:D:D:D
 
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Which repayment? You say KQ got a loan to buy the dreamliners, now you are talking of repaying before the dreamliners were even bought. Why are you so confused?:D:D:D:D
Egypt: Kenya Airways takes delivery of first Dreamliner in Afreximbank-arranged transaction

by African Manager - Apr 1, 2014
Kenya Airways has taken delivery of its first Boeing 787-800 “Dreamliner” aircraft in Seattle, US, with the start of the execution of the second phase of a US$1.9 billion aircraft purchase transaction arranged by the African Export-Import Bank (Afreximbank), the bank said in a statement obtained by PANA here Tuesday.

It said the phase involves the delivery of 10 Boeing aircraft, comprising nine 787-800 “Dreamliners” and one 777-300ER jet, to Kenya Airways as part of the 20-aircraft purchase transaction for which Afreximbank is the mandated lead arranger.

During the first phase, which ended in November 2013, Afreximbank delivered 10 Embraer-190 aircraft to the airline as part of a delivery schedule that began in August 2012.

The Boeing delivery financing, for which Afreximbank is the global coordinator, comprises a senior US-Exim guaranteed tranche and a commercial tranche.

Afreximbank is also acting as the arranger and underwriter of the commercial tranche, while Citigroup Global Markets, Inc. and JP Morgan Chase Bank, N.A. are the arrangers for the senior US-Exim guaranteed tranche.

“Afreximbank is committed to supporting transactions that further Africa’s integration,” said Jean-Louis Ekra, President of the Bank.

“Kenya Airways has established itself a leading airline on the continent. We are confident that this delivery will enable it to strengthen and expand its route network and, as such, bring about increased business connectivity across the continent.”

In May 2012, Kenya airways mandated Afreximbank to arrange the financing for the 10 Embraer-190 and 10 Boeing aircraft under a package consisting of pre-delivery payments facilities to fund advance payments to Boeing and Embraer, the aircraft manufacturers, and aircraft delivery facilities to fund the deliveries.

The transaction is part of the first phase of Kenya Airways’ fleet upgrade and a key component of its 10-year business plan for the period 2012 to 2021.

The Cairo-based Afreximbank, the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade, has approved almost US$30 billion in credit facilities for African businesses.

Egypt: Kenya Airways takes delivery of first Dreamliner in Afreximbank-arranged transaction | African Manager

MY TAKE

Out of all the planes KQ owns 75% r on loan
 
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thisdayes

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Hizo rangi na huyo Twiga zinavutia sana.. yani hizo ndege ni bango la kuvutia watalii. Halafu ilivyo itwa the wings of Kilimanjaro ndiyo tumeua kabisa. Siyo kupaka marangi mekundu . Dunia nzima sijaona ndege ambazo ziko branded vizuri kama za ATCL, ni classic.

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Egypt: Kenya Airways takes delivery of first Dreamliner in Afreximbank-arranged transaction

by African Manager - Apr 1, 2014
Kenya Airways has taken delivery of its first Boeing 787-800 “Dreamliner” aircraft in Seattle, US, with the start of the execution of the second phase of a US$1.9 billion aircraft purchase transaction arranged by the African Export-Import Bank (Afreximbank), the bank said in a statement obtained by PANA here Tuesday.

It said the phase involves the delivery of 10 Boeing aircraft, comprising nine 787-800 “Dreamliners” and one 777-300ER jet, to Kenya Airways as part of the 20-aircraft purchase transaction for which Afreximbank is the mandated lead arranger.

During the first phase, which ended in November 2013, Afreximbank delivered 10 Embraer-190 aircraft to the airline as part of a delivery schedule that began in August 2012.

The Boeing delivery financing, for which Afreximbank is the global coordinator, comprises a senior US-Exim guaranteed tranche and a commercial tranche.

Afreximbank is also acting as the arranger and underwriter of the commercial tranche, while Citigroup Global Markets, Inc. and JP Morgan Chase Bank, N.A. are the arrangers for the senior US-Exim guaranteed tranche.

“Afreximbank is committed to supporting transactions that further Africa’s integration,” said Jean-Louis Ekra, President of the Bank.

“Kenya Airways has established itself a leading airline on the continent. We are confident that this delivery will enable it to strengthen and expand its route network and, as such, bring about increased business connectivity across the continent.”

In May 2012, Kenya airways mandated Afreximbank to arrange the financing for the 10 Embraer-190 and 10 Boeing aircraft under a package consisting of pre-delivery payments facilities to fund advance payments to Boeing and Embraer, the aircraft manufacturers, and aircraft delivery facilities to fund the deliveries.

The transaction is part of the first phase of Kenya Airways’ fleet upgrade and a key component of its 10-year business plan for the period 2012 to 2021.

The Cairo-based Afreximbank, the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade, has approved almost US$30 billion in credit facilities for African businesses.

Egypt: Kenya Airways takes delivery of first Dreamliner in Afreximbank-arranged transaction | African Manager

MY TAKE

Out of all the planes KQ owns 75% r on loan
Give us proof, not your take.............25% of KQ is bigger than 100% of ATCL anyway.
 

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