Business Daily | by Otiato Guguyu
The value of Kenya Airways’ debt guaranteed by the taxpayer increased by Sh3.1 billion over the last one year on a weakened shilling against the dollar, data by the Treasury shows.
The volume of the national carrier’s debts backed by public taxes jumped from Sh76.7billion in June 2019 to Sh79.8 billion in June this year, mainly on currency movements, according to the newly published Public Debt Management Report. The airline has since 2017 received taxpayer-guaranteed debt to help it restructure loans owed to various parties…
