Treasury slashes Sh10 billion from KQ bailout

Kenya Airways Embraer 190 airplane. 

Photo credit: File | Pool

The National Treasury has slashed Sh10 billion in support to Kenya Airways (KQ) as the exchequer begins unwinding bailouts to the company.

Documents from the first 2022/23 Supplementary Budget indicate the government plans to revise the amount of capital injected into the national carrier to Sh20 billion from the initial Sh30 billion.

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