kenya: Eleven banks get Sh23bn Kenya Airways shares in bailout plan

Eleven Kenyan banks are set to convert Sh23 billion in risky Kenya Airways #ticker:KQ loans into shares in a rare restructuring deal fronted by the Treasury that has seen the lenders also commit to advance the struggling airline working capital.The banks, which include big lenders Equity #ticker:EQTY , KCB Group #ticker:KCB , Commercial Bank of Africa…

afrika54news

ACTUALITÉ AFRICAINE À TOUTE HEURE

You May Also Like