State unveils Sh36bn Covid bailout for KQ, Kenya Power

kq, kenya airways, national aviation management bill
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Business Daily | by Otiato Guguyu


The government will spend Sh36 billion to bail out key parastatal which have sunk into losses as a result of Covid-19 economic fallout.

The National Treasury said companies including Kenya Airways, Kenya Power, and several universities need urgent support after their revenues dropped sharply during the pandemic.

International Monetary Fund (IMF) has revealed the bailout plans in the agreements it has reached with the government as conditions for offering Kenya the latest Sh255 billion loan…

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kq, kenya airways, national aviation management bill


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