Kenya settles $17m extra Kenya Airways debt

KQ

A Kenya Airways plane at the Jomo Kenyatta International Airport in Nairobi, Kenya. PHOTO | LUCY WANJIRU | NMG

Kenya's National Treasury has paid a further Ksh2.7 billion ($17.62 million) in Kenya Airways (KQ) guaranteed debt in the three months to the end of September after inheriting the burden from the national carrier.

The repayments in the quarter include Ksh2.37 billion ($15.5 million) for principal repayments and Ksh351.29 million ($2.3 million) for interest payments, according to data from the Controller of Budget (COB).