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    SGR Records Ksh8 Billion Revenue In Six Months

    Francis MuliBy Francis MuliAugust 20, 2021No Comments2 Mins Read
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    The Standard Gauge Railway (SGR) recorded improved revenues of Ksh7.936 billion in six months to June 2021, up from Ksh5.963 billion in a similar period last year.

    This was a  33 percent rise, attributed to the recovering economy after a hit by the Covid-19 pandemic.

    According to statistics by the Kenya National Bureau of Statistics (KNBS), the cargo segment recorded the highest rise of Ksh1.5 billion while the passenger service posted a growth of Ksh470 million.

    Read: Kenya to Pay Ksh38 Billion to Afristar Before Taking Over SGR

    This happened despite the SGR recording a double numbers in passengers in the period under review, while cargo business recorded a 38.3 percent rise in cargo volumes.

    764,942 passengers boarded the SGR trains in the period under review, a 133.8 percent increase as compared to 327,097 passengers in the first six months of 2020.

    Kenya Railways also reduced freight charges from $600 to $510 for a 20-foot container and from $850 to $725 for a 40-foot type from Mombasa to Naivasha in February.

    SGR cargo trains ferried 2.739 million tonnes in six months to June, a 38 percent rise from 1.98 million tonnes recorded in a similar period to June 2020.

    Email your news TIPS to Editor@kahawatungu.com or WhatsApp +254707482874. You can also find us on Telegram through www.t.me/kahawatungu

    Read Also  Cytonn Converts Ksh2.5 Billion Of CHYS, CPN Investor Debts Into Assets

    Email your news TIPS to Editor@Kahawatungu.com — this is our only official communication channel

    Kenya Railways SGR
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    Francis Muli
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    Follow me on Twitter @francismuli_ Email: Editor@Kahawatungu.com

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