#debt-to-equity

Kenya's Cabinet Approves $350 Million in Shareholder Financing for Kenya Airways and a Ksh122 Billion Debt-to-Equity Conversion

Kenya's Cabinet has approved US$350 million (about Ksh45 billion) in staged shareholder financing for Kenya Airways, along with a plan to convert Ksh122 billion of existing government loans into an equity-qualifying instrument. Implementation remains subject to corporate, shareholder and regulatory approvals.