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KQ has drawn down half of its Sh20bn Afrexim bank loan

Loss-making Kenya Airways has drawn down half of a Sh20 billion ($200 million) bridging loan from Afrexim bank and expects the next tranche in two weeks, its chief executive said on Friday.

Mbuvi Ngunze told reporters the financing will allow the carrier to get on a firmer financial footing.

READ: Fleet financing pushes KQ debt to Sh89bn

Also read: KQ pays top 3 executives Sh95m in year of record loss

"Our focus in the next three to six months is on getting sustainable financing," he said.

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