Kenya offers KQ to foreign investors for Sh258bn

 A KQ plane at a parking bay at JKIA.

Photo credit: File I Nation Media Group

The Treasury is set to offer struggling national carrier, Kenya Airways (KQ) to foreign investors in a deal worth up to Sh258 billion to help turn around the airline.

Treasury Cabinet Secretary John Mbadi said on Wednesday that an international expression of interest (EOI) will be floated to tap a new strategic investor who is expected to inject between Sh154.8 billion ($1.2 billion) and Sh258 billion ($2 billion).

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