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Government to Sell part of KQ to American Investors

1 min read
/HP

President William Ruto is seeking to sell a controlling stake in the country’s national courier, Kenya Airways to American investors as a strategy to have the struggling airline back to making profits.

The Head of State is currently attending the US-Africa summit in Washington DC.

According to Transport CS Kipchumba Murkomen, having investors buy a part of KQ is one of the top priorities of the president while in the US and that the government of Kenya prefers a cash-rich foreign airline as a strategic investor to offer expertise as well as funding to Kenya.

”We are doing everything to ensure we no longer subsidise the airline and that is why we are looking for a strategic partner,” CS Murkomen said yesterday in Nairobi.

President Ruto will also be seeking to deepen economic ties between Kenya and the US during a meeting with his U.S. counterpart Joe Biden.

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