This archive report was first published on 11 October 2019.
Published on October 11, 2019, Air Afrik is undergoing a significant restructuring process, which will see the airline cut roughly 80 per cent of its salaried staff in both Kenya and South Sudan by November.
The move will eliminate 200 white-collar jobs, a direct result of the company's loss of a $20 million plane-leasing contract with the government of South Sudan.
According to documents lodged at the Milimani Commercial Courts, Stanbic Bank allegedly withheld crucial information from Air Afrik as its customer, with a view to covering its negligent errors, oversights, and unlawful actions.
Stanbic Bank is accused of crediting $7.2m down payment to Air Afrik's bank account held in the same bank only to reverse it a few days later.
However, Air Afrik refutes the reversal claims, alleging that the bank deliberately forged the reversal using a fake account dubbed Air Africa instead of Air Afrik in a bid to deceive them.
The company claims that the bank unduly benefited from the funds as they were not reversed to Bank of South Sudan (BSS) despite Stanbic Bank freezing its accounts in February 2016.
Documents from Bank of South Sudan suggest that as of 15th August 2016, the funds were still not reflecting in their account, disowning claims by Stanbic Bank that the funds were reversed.
