Why auditor doubts State will recoup Sh55bn KQ loan

Auditor General Nancy Gathungu speaking at a past media conference.

Photo credit: File | Nation Media Group

Repayment of Sh55.37 billion accrued government bailout loans and interest to Kenya Airways (KQ) is uncertain, Auditor-General Nancy Gathungu has said, citing contractual loopholes.

In the new audit report, the Auditor-General said, as previously reported, in the financial year 2022-23, the National Treasury transferred Sh10 billion to Kenya Airways as on lent loan.

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