KQ defaults on Sh8.5bn interest as State debt rises

 A KQ plane at a parking bay at JKIA. Wealthy Kenyans are chartering entire Kenya Airways planes for weddings, corporate events, and luxury travel.

Photo credit: File I Nation Media Group

Kenya Airways defaulted on Sh8.5 billion interest on funds borrowed from the government last year, underlining the rising burden of keeping the national carrier in the air for taxpayers.

The interest was due on June 20,2025 but the company had not paid the amount six months later, resulting in the Treasury waiving and deferring the amount.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.