The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

Digital News

Troubled Kenya Airways defaults on Sh25b government loan

By Patrick Alushula | Apr. 11, 2022

**Kenya Airways staff in a terminal at the Jomo Kenyatta International Airport (JKIA), August 1, 2020.** [Elvis Ogina, Standard]

Kenya Airways (KQ) failed to pay interest on a Sh25 billion loan drawn from the government to help it navigate Covid-19 disruptions, pointing to the debt distress for the national carrier.

The airline discloses in the latest annual report for the period to December 2021 that it failed to honour interest payment on the loan, which was issued in two tranches to save it from collapsing.

Get Full Access for Ksh299/Week.

Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.