Kenya Approves 350M Airline Financing
Kenya has approved 350 million dollars in shareholder financing for Kenya Airways to address urgent financial obligations. The cabinet also endorsed converting government loans into equity.
Kenya's cabinet approved $350 million in shareholder financing for Kenya Airways on Friday morning to cover immediate financial obligations. The government remains the largest shareholder in the loss-making carrier. The funding injection aims to stabilize operations as the airline pursues strategic investors for fresh capital.
