State loan repayments defaulted by Kenya Airways hit Sh10.1 billion

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National Treasury Principal Secretary Chris Kiptoo on March 6, 2023. PHOTO | LUCY WANJIRU | NMG

The State paid out Sh7.3 billion of guaranteed Kenya Airways (KQ) debt in three months to March 2023.

This brings cumulative taxpayer payments to the guaranteed loans to Sh10.1 billion, according to new Treasury disclosures, up from Sh2.8 billion as of the end of last December.

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