Kenya Airways could target USD1.5bn in new capital
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Background ✨
Kenya Airways chairman Kiprono Kittony said it planned to secure funding for immediate needs and to pursue investment opportunities via its stock market listing, while also stating it was planning to bid to become a national airline for another country1. Kenya's National Treasury Cabinet Secretary John Mbadi said the government sought new strategic investors contributing USD1.2 billion to USD2 billion, after assuming KES63.1 billion of debt intended for later equity conversion2.