Kenya Airways Gets $200 Million Afreximbank Bridging Loan

afreximbank-logo

Loss making air-liner Kenya Airways will get a $200 million  bridging loan from Cairo-based African Export-Import Bank (Afreximbank).

The airline firm also got $40 million loan from the Government of Kenya.

Afreximbank confirmed that its credit division approved a $200 million bridging loan for the airline.

The loan will be disrbursed into 2 phases of $100 million per instalment.

Kenya airways has blamed rising insecurity and terrorism in East & Cetral Africa’s largest economy Kenya for major part of its losses.

Related Briefs

More from David Goldman

US Midterm Elections Results; A Vote of no Confidence on Obama

The magnificent sweep of major seats by the GOP is a clear...
Read More
Comments