LONDON – Will the new approach of ‘carrot and stick’ aid move the Kenyan national carrier Kenya Airways to forever be independent of state aid? The Kenyan state thinks so, unless the airline achieves its target.
The Kenyan Transport ministry stated that a conditional Sh36 billion Kenyan shilling loan, or $300 million USD, will be handed out to the ailing flag carrier, Kenya Airways in the current fiscal year. The loan is conditional upon Kenya Airways’ performance in achieving a…