Treasury PS nominee seeks KQ sale to foreign strategic investor

kiptoo-treasury

Treasury Principal Secretary nominee Dr Chris Kiptoo before MPs during vetting at County Hall yesterday. PHOTO | DENNIS ONSONGO | NMG

Principal Secretary nominee for Treasury will push for a foreign strategic investor to buy a controlling stake in Kenya Airways as a path of returning the national carrier to profitability.

Treasury Principal Secretary nominee Chris Kiptoo told MPs the government will push for a fresh equity investor who is expected to inject capital and offer management expertise in the next step of restructuring.

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