Government seeking up to USD2bn contribution from investors in Kenya Airways
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Background ✨
Kenya's Treasury cleared KES6.9 billion of Kenya Airways' debt in 4Q2024 and had previously paid KES2.72 billion in guaranteed loans in 1QFY2024, with the aim of selecting an equity investor by the end of Jun-20241. The government also considered privatisation via a single fund managing select companies and noted Kenya Airways' operating profit but net loss in 1H20232.