Kenya Airways defaults on $216 million loan

Kenya Airways defaults on $216 million loan

Kenya’s national carrier, Kenya Airways is unable to repay loans from the country’s treasury. It is unable to repay interest on a $216 million (Sh25 billion) loan owed to the government in the year ended December. The loans were obtained by the airline in the face of...
US offers boost to Kenyan travel industry

US offers boost to Kenyan travel industry

In the wake of declining cases of Covid-19, the United States eased travel restrictions on Kenya, offering a boost to the East African nation’s recovering tourism sector. Consequently, Kenya has been moved to level one from level three; level three requires US...