Kenya Power, KQ bailouts on the way

Treasury Cabinet Secretary Ukur Yatani

Treasury Cabinet Secretary Ukur Yatani.

Photo credit: Jeff Angote | Nation Media Group

What you need to know:

  • No bailout was allocated to the two firms in the current financial year, raising concerns their worsening cash flow positions could hurt operations.
  • Stakeholders, in recommendations in the Budget Review and Outlook Paper (BROP), last month faulted the Treasury for not outlining a recovery plan for the troubled firms.

The Treasury has agreed to inject cash into Kenya Power and Kenya Airways in the financial year starting July 2022, citing the role of the two struggling firms in supporting economic recovery from Covid knocks.

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