Business Daily | by Bonface Otieno
Kenya Airways has revealed the terms of an Sh11 billion loan it took from the government in the year ended December to fund its operations at a time the Covid-19 pandemic had hurt its cash flows.
The airline took the debt in two tranches of Sh5 billion followed by Sh6 billion. The Sh5 billion loan has a concessional interest rate of three percent per annum – less than a quarter of the rate charged by commercial banks – and matures in five years…
