National carrier Kenya Airways’ #ticker:KQ quest to have Parliament approve a Sh77.3 billion ($750 million) loan guarantee the Treasury has granted it was Wednesday left hanging in the balance after a House committee failed to agree on its legality. The National Assembly’s Finance, Trade and Planning committee said it could not ask Parliament to authorize the deal until the legality of using leased assets (planes) to guarantee debts the airline owes foreign and local banks is determined.
MPs were still locked in a closed-door meeting with Treasury officials by the time we went to press.
