Nairobi, Oct. 9 -- The Cabinet has approved an additional $350 million (Sh45.4 billion) worth of shareholder loans to Kenya Airways as an urgent measure to help the airline meet its financial obligations.

A statement from the Cabinet said the funds will be disbursed in stages under the oversight of the National Treasury which holds a 48.9 percent stake in the national carrier.

Published by HT Digital Content Services with permission from Business Daily....