Kenya's national carrier, Kenya Airways sunk deeper into losses for the year ended December 31, 2022, on high global fuel prices and a tight foreign exchange market.
The airline's financial statement for the period under review shows its loss more than doubled to Sh38.2 billion compared to Sh15.8 billion reported the previous financial year.
The shilling has in the past year dropped close to 14 per cent in value against the greenback. It closed to another new low of 131.60 against the US dollar on Monday.