Kenya National Treasury to cut Kenya Airways funding

The Kenya National Treasury is planning to reduce state funding to Kenya Airways by $79.8 million. Until now the airline received funding of $239.5 million, but according to the supplementary budget for the financial year 2022-23, the funding will now be cut to $159 million. This decision is taken in sync with the Kenya government’s strategy to lessen the airline’s dependency on state funds by the end of 2023. Earlier this year, in its draft Budget Policy for 2023, the government said it would develop a turnaround strategy for Kenya Airways. As a part of the strategy, the airline will