Tourism Finance Corporation (TFC) has restructured Sh634 million loans and allowed a 12 to 24-month moratorium to hospitality facilities hard-hit by the Covid-19 pandemic.
Managing director Jonah Orumoi said 17 projects developed in the past two years were among establishments benefiting, with TFC foregoing earnings and repayment of principal amounts, being about 10 per cent in value of the entire portfolio plus interest.
