The Kenyan government settled Ksh12.3 billion ($85.51 million) debt on behalf of national carrier Kenya Airways (KQ) in the financial year ending June 2023, shedding fresh light on the growing burden of struggling State-owned entities on taxpayers.
Revelations from the National Treasury show the State settled the debt that comprises Ksh10.6 billion ($73.7 million) as principal and interest amounting to Ksh1.7 billion ($11.82 million).
