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Kenya gives Kenya Airways loan as Ebola, tourism slump hit revenue
May 28, 2015 / 6:02 AM / 2 years ago

Kenya gives Kenya Airways loan as Ebola, tourism slump hit revenue

NAIROBI, May 28 (Reuters) - Kenya has given loss-making national carrier Kenya Airways a 4.2 billion shilling ($42.73 million) loan as part of measures to help it turn around, the head of parliament's Budget Committee said.

The airline was "facing challenges" from a drop in revenue related to the Ebola epidemic and a slump in tourism, Mutava Musyimi, chairman of the Budget and Appropriations Committee, said in a report presented to parliament late on Wednesday.

$1 = 98.3000 Kenyan shillings Writing by George Obulutsa; Editing by Stephen Coates

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