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Unpacking $101.7mn KQ loan deal with government

In the year ended December 2020, Kenya Airways took a loan of $101.7 million from the government to fund its operations at a time the Covid-19 pandemic had hurt its cash flows. The carrier will pay an interest of $1.38 million per year on the loan. The repayment of the principal is expected at the end of the five years. Economic Analyst, Ken Gichinga joins CNBC Africa to unpack KQ’s recovery plans.

Tue, 20 Apr 2021 10:16:15 GMT

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