Kenya Airways has said that Nigeria, Ethiopia and Malawi are withholding about $28 million worth of revenues from the airline, CH-Aviation reported, citing CEO Allan Kilavuka.
“The blocked funds are mainly a cash impact as we are not able to access these funds. We are, of course, also concerned about the devaluation of these funds going forward,” the CEO said.
“Currently, we have approximately $28 million blocked in mainly Nigeria, Ethiopia and Malawi,” he added.
The International Air…