Kenya Airways receives US$350 million shareholder loan approved by cabinet
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Kenya’s cabinet approved a shareholder loan of US$350 million (KSh 45.15 billion) for Kenya Airways on 9 October 2026 at State House in Nairobi.
The loan is earmarked for aircraft maintenance, returning grounded aircraft to service and other urgent operating bills, with a proposed 10‑year repayment term and the option for the government to convert it into equity or allow early repayment; the cabinet also endorsed converting about KSh 122 billion of existing state loans into an equity‑qualifying tradable instrument.
Kenya Airways reported a loss after tax of KSh 16.1 billion for the six months to 30 June 2026 while revenue rose 9% to KSh 81 billion in the same period.