Accrued government loans to Kenya Airways (KQ) rose by Sh3.1 billion in 2024 to hit Sh108.3 billion, driven by unpaid interest and principal, deepening the national carrier’s dependence on its largest shareholder.
The airline disclosed in its 2024 annual report that the government – its biggest creditor – granted a waiver on interest and principal repayments through June this year, following years of financial strain that have left the carrier unable to service its loans.
