Kenya Airways (KQ) still continues to be the biggest burden on the nation after a series of losses that are finally financed by the government using taxpayer money. According to a recent report, the president, William Ruto, was looking for a company to sell it. The president met with Delta Air bosses to talk about the business, and we are still waiting for the final say. He is seeking to ease the burden of loss the company is putting on Kenyans. Kenya Airways' debts so far stand at around 102.82 billion, down from the previous 112.82 billion, after receiving 10 billion from the Treasury on September 1 to service its debts. The company's losses are a result of high costs for fuel, rental fees, landing fees, maintenance fees, navigation fees, taxes, and handling charges.
Similarly, Kenya Power will receive 2.35 billion to service its debts, which stand at 137.11 billion shillings, of which 64.11 billion is government-guaranteed debt and 73 billion is commercial debt.
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