Kenya races to pay US bank Sh3 billion for due KQ loan
A Kenya Airways plane. The Treasury is expected to wire Sh3.27 billion ($24.8 million) to the Export-Import Bank of the US by tomorrow in additional overdue principal and interest payments of a Kenya Airways (KQ) debt taken over by the State last year.
The Treasury is expected to wire Sh3.27 billion ($24.8 million) to the Export-Import Bank of the US by tomorrow in additional overdue principal and interest payments of a Kenya Airways (KQ) debt taken over by the State last year.
This will bring to Sh8 billion the total amount it shall have paid on behalf of KQ this month alone.
