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Treasury gives ailing KQ Sh26b in takeover plans

A Kenya Airways plane taking off from Jomo Kenyatta international Airport(JKIA)in Nairobi, despite heavy loss-making in the market. [File, Standard]

The government will inject Sh26.5 billion into cash-strapped Kenya Airways (KQ) as part of its plan to nationalise the airline.

In a mini budget released this week, the National Treasury said the cash will be in the form of a shareholder convertible loan.

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