Kenya's approves $350 million in shareholder financing for Kenya Airways

​Kenya's cabinet ‌has approved $350 ​million in ‌shareholder financing for Kenya Airways to meet urgent ‌financial obligations, President William Ruto's ‌office said on Friday. The cabinet also ⁠endorsed ​a ⁠proposed conversion of Kenya Airways' ⁠122 billion Kenyan ​shillings ($941.36 million) in government loans ⁠into an equity-qualifying ⁠tradable ​instrument, Ruto's office said in a ⁠statement.

($1 = 129.6000 Kenyan shillings)