State unveils Sh36bn Covid bailout for KQ, Kenya Power

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Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG

The government will spend Sh36 billion to bail out key parastatal which have sunk into losses as a result of Covid-19 economic fallout.

The National Treasury said companies including Kenya Airways, Kenya Power, and several universities need urgent support after their revenues dropped sharply during the pandemic.

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