Home Business KAA seeks Treasury bailout as debt piles

KAA seeks Treasury bailout as debt piles

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


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…

Read more…

 


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version