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

Kenya Airways planes at the Jomo Kenyatta International Airport (JKIA). 

Photo credit: File | Nation Media Group

Kenya Airways plans to onboard a strategic investor by the end of this year to recapitalise the airline as part of a turnaround strategy.

The Treasury said it is working with Kenya Airways to find an investor who will inject additional capital into the airline, a perennial beneficiary of taxpayer-funded bailouts, to help it weather the financial headwinds that have left it in the red.

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