GCAA registers net loss of over D338M in 2022

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GCAA registers net loss of over D338M in 2022

He said the loss is attributed only to the interest expenses amounting to D531.3 million out of the net loss as a result of interest expenses and similar charges. “The exchange rate differences of the long-term development contracted by government and passed to the Civil Aviation Authority account for 82.25 percent,” he said, adding that the impact of foreign exchange and interest expenses on the foreign currency denominated borrowings, which we…