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How taxpayers are losing out in State agencies' loans

Kenya Airways plane on the runway at the JKIA, Nairobi. [Boniface Okendo, Standard]

In January 2014, national carrier Kenya Airways approached the Export-Import (Exim) Bank of the United States for a Sh122 billion loan to purchase seven aircraft and one engine.

The investment was meant to facilitate Project Mawingu, the airline's strategy to modernise its fleet and expand its international destinations.

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