Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on May 18, 2023, 04:02:29 AM

Title: KQ will no longer feed off public money
Post by: RV Pundit on May 18, 2023, 04:02:29 AM

In 2021/22 FY, KQ got ksh36B bailout & ksh20B in 2022/23, which was trimmed by half in supplementary budget.

Ksh46B = record loss of ksh38.3B in 2022

Treasury has now unplugged KQ's feeding pipe attached to the public purse.

2023/24 FY funding is = ZERO

Now get it CULLED. pic.twitter.com/6KuWJLdyvk

— Africanus (@AfroEconomicus) May 17, 2023

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Title: Re: KQ will no longer feed off public money
Post by: RV Pundit on May 18, 2023, 02:45:46 PM

Lets see how the cabinet will deal with it - time to kill it?

Kenya Airways will not be getting any bailout cash in the FY 23/24 budget

"Do we do away with KQ? Do we restructure it? or bring in a strategic investor? These are some of the questions that we are seeking answers to"

[@BD_Africa] pic.twitter.com/INflwF7Ncd

— Mwango Capital (@MwangoCapital) May 18, 2023

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