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KCB Bank Profits Up

- May 17, 2018

KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending. Kenya’s biggest bank said...

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The blueprint, presented by Kenya Airports Authority (KAA) to the Kenya Aviation Workers Union (KAWU), also proposes construction of a new runway by 2029 and expansion of airfield capacity to handle up to 63 aircraft movements per hour, up from the current 14. Officials say passenger numbers have been rising by roughly one million annually, meaning existing facilities could become insufficient within the next three years if upgrades are not undertaken. Beyond terminal development, the Master Plan outlines phased infrastructure investments, including landside upgrades to improve access, circulation and operational efficiency. The expansion will be carried out in stages to minimize disruption, with existing terminals rehabilitated and optimized during the transition. Authorities argue the modernization is critical to maintaining JKIA’s position as a regional aviation hub, boosting cargo and passenger traffic, and supporting airport-linked businesses. However, financing, execution timelines and coordination with stakeholders will be key to delivering the project without operational setbacks.

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