Kenya Airways to raise capital through a strategic investor
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Background ✨
Kenya Airways chairman Kiprono Kittony said it was estimated to require USD1.5 billion in new capital, with the board planning to determine the optimal financing structure by 1Q2027 as turnaround work continued.1 Kenya’s National Treasury Cabinet Secretary John Mbadi said the Government sought strategic investors to contribute USD1.2-2 billion and had assumed KES63.1 billion of debt to convert to equity once a partnership was implemented.2