Kenya Airways reports rise in passenger numbers

26/01/2012 - Kenya property & investment news Posted by Bob Brunskill
Kenya Airways reports rise in passenger numbers

Kenya Airways has announced that passenger numbers have grown in the third quarter of this financial year, in news that could interest potential property investors. Total passenger numbers grew by 15.4 per cent between October and December last year, with 956,742 people using the service in that time. Furthermore, cargo carried by the airline grew by 6.2 per cent to 16,131 tonnes, suggesting business is thriving in the country, Reuters reports. And with the airline reportedly looking to double its fleet over the next five years, it could be a sign that the Kenyan property market is set to grow in the future. It comes after the Economist Intelligence survey said earlier this week that by 2016, Kenya is to be one of the investment hotspots of Africa. Additionally, the report said that one-third of investors are set to move around five per cent of their fund value to Africa in the future.