KAA seeks Treasury bailout as debt piles

jomo kenyatta international airport, foreign travel, domestic travel
[Image source: KAA]


Business Daily | by Edwin Mutai


The Kenya Airports Authority (KAA) has requested a cash bailout from Treasury amid piling debt, its management has said.

The agency’s managing director, Alex Gitari said a decision by the Treasury to mop up Sh12.5 billion surplus cash from its coffers in 2019 left it broke and unable to settle supplier debt…

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