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Treasury seeks MPs nod for new Sh1bn KQ bailout

KQ plane

A Kenya Airways plane at Eldoret International Airport in Uasin Gishu County on March 25, 2024. 

Photo credit: Jared Nyataya | Nation Media Group

What you need to know:

  • The National Treasury has been forced to continue offering financial support to KQ.
  • The airline has failed to service loans, which were guaranteed by the government.

Kenya Airways will get Sh1 billion in financial support from the Treasury for the financial year starting July if lawmakers approve recommendations of the Select Committee on Budget and Appropriations of the National Assembly.

The Ndindi Nyoro-led committee has asked lawmakers to okay the fresh bailout for the national carrier to partly fund its recurrent needs through its report of the Estimates of Revenue and Expenditure for the financial year 2024-25 to be debated and approved later this month.