State clears half of Kenya Airways' guaranteed debt

Kenya Airways Embraer 190 airplane. 

Photo credit: File | Pool

The Treasury has now cleared more than half of Kenya Airways' guaranteed debt with a fresh Sh6.9 billion payment in the quarter that ended in December.

The latest payment means that the Treasury has offset Sh53.7 billion out of a Sh69.9 billion KQ debt it took over last year as part of a wider strategy to restructure the operations of the national carrier.

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Note: The results are not exact but very close to the actual.