{"id":47697,"date":"2026-10-09T17:00:03","date_gmt":"2026-10-09T15:00:03","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47697"},"modified":"2026-10-09T17:00:03","modified_gmt":"2026-10-09T15:00:03","slug":"kenya-approves-350m-shareholder-financing-for-kenya-airways","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenya-approves-350m-shareholder-financing-for-kenya-airways\/","title":{"rendered":"Kenya approves $350m shareholder financing for Kenya Airways"},"content":{"rendered":"<p>Kenya&#8217;s cabinet has approved $350 million in shareholder financing for Kenya Airways to meet urgent \u200cfinancial obligations, President William Ruto&#8217;s office said this Friday.<\/p>\n<p>&nbsp;<\/p>\n<p>The government is the largest shareholder in the loss-making airline, which is in the process of seeking strategic investors \u2060as it looks for fresh capital<\/p>\n<p>&nbsp;<\/p>\n<p>Kenya Airways says that part of its restructuring plan includes cleaning up its balance sheet, including the possible conversion into equity of principal debt owed to the Kenyan government and a consortium of local banks<\/p>\n<p>&nbsp;<\/p>\n<p>The cabinet also endorsed a \u200cproposed \u2060conversion of Kenya Airways&#8217; 122 billion Kenyan Shillings ($941 million) in government loans into an equity-qualifying tradable instrument, Ruto&#8217;s office said in a statement<\/p>\n<p>&nbsp;<\/p>\n<p>The \u2060funds will be released in batches under the Finance Ministry&#8217;s oversight with a repayment period of \u2060up to 10 years and the possibility of conversion into equity, subject to \u2060the necessary approvals.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":23814,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-47697","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Kenya's cabinet has approved $350 million in shareholder financing for Kenya Airways","published_date":"2026-10-09 16:58:53","news_description":"Kenya's cabinet has approved $350 million in shareholder financing for Kenya Airways","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47697\/revisions"}],"predecessor-version":[{"id":47698,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47697\/revisions\/47698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/23814"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=47697"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}