Kenya SGR posts 33% rise in Jan-June revenue

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Kenya SGR posts 33% rise in Jan-June revenue

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SGR posts 33pc rise in Jan-June revenue
Revenue generated from cargo and passenger services on the standard gauge railway (SGR) rose by 33 percent in the six months to June, lifted by a rebounding economy, official statistics show. Data by the Kenya National Bureau of Statistics (KNBS) shows that the passenger and cargo trains generated Sh7.936 billion in the period, up from Sh5.963 billion in a similar period last year. The cargo trains accounted for the biggest chunk of the revenue increase in the period at Sh1.5 billion while the passenger service posted a growth of Sh470 million. SGR more than doubled its passenger numbers in the period under review and posted a 38.3 percent jump in the cargo volumes, driving the revenue growth at a time air and road transport grappled with low returns due to the Covid-19 containment measures...
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