How Mawingo Project threw Kenya Airways into a tailspin

Kenya Airways reported a shocking Sh29.7 billion loss before tax for the financial year ending March 2015.

The shock announcement by Kenya Airways management that the airline lost Sh29.7 billion last year has generated heated debate across the country.

Unfortunately, the debates have elicited more smoke than heat and the general public is no better informed about the issues that led to what can only be described as a corporate debacle than when the losses were announced. Investors and analysts are unanimous that the reasons the management gave were mere excuses because many of them were internal and could have been mitigated with a little foresight.