State faces 12bn KQ debt pressure

Kenya Airways Embraer 190 airplane. 

Photo credit: File | Pool

The government is racing against time to pay Sh12 billion as part of a loan that it guaranteed Kenya Airways six years ago.

The Treasury's disclosures tabled in Parliament show that Sh2.8 billion ($22.9 million) has been paid to the US Exim Bank against Sh14.8 billion ($118.1 million) due in the current financial year ending June.

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