Budget airline Jambojet tapped a Sh1.72 billion loan from NCBA Group in the financial year ended December 2024, to restructure leases and maintain aircraft engines.
Jambojet’s parent company Kenya Airways (KQ), which guaranteed the four-year loan, disclosed that the facility attracts an average interest rate of 18.5 percent per annum, pointing to the tight credit conditions that borrowers grappled with last year.
