State unveils Sh36bn Covid bailout for KQ, Kenya Power

State unveils Sh36bn Covid bailout for KQ, Kenya Power

The government will spend Sh36 billion to bail out key parastatal which have sunk into losses as a result of Covid-19 economic fallout. The National Treasury said companies including Kenya Airways, Kenya Power, and several universities need urgent support after their revenues dropped sharply during the pandemic. International Monetary Fund (IMF) has revealed the bailout […]