KQ Seeks Sh195bn Investor as State Moves to End Costly Bailout

KQ seeks Sh195bn investor as State moves to end costly bailout

Kenya Airways (KQ)’ long-running search for a strategic investor has entered a decisive phase, with the government setting December as the deadline to secure fresh capital for the loss-making national carrier and begin reducing its reliance on taxpayers. “Kenya Airways and the government as the majority shareholder, are actively seeking to raise capital through a

KQ to onboard a strategic investor by end of year, Treasury tells Parliament

The management of KQ had indicated in June that it was seeking to raise at least $1.5 billion (Sh194.4 billion) from a strategic investor to be selected through an international tender that was...