By Wanja Waweru
This week, President William Ruto will present the idea of selling a majority stake in Kenya Airways to US investors as a way to turn the financially troubled airline around.
Dr. Ruto’s journey to America, according to Transport Cabinet Secretary Kipchumba Murkomen on Wednesday, is focused primarily on finding strategic partners for Kenya Airways.
This week, US Vice President Joe Biden will preside over the US-Africa summit and conduct a discussion with roughly 50 African Heads of State concerning the 2023 elections and democracy on the continent.
The heads of several delegations will meet with more than 300 American and African businesses to discuss investments in important industries, the White House announced on Tuesday.
In a strategy that might provide the national carrier with aviation knowledge and reduce its dependency on Treasury for operational funding, Kenya will prefer a cash-rich foreign airline as a strategic investor.
“We are doing everything possible to ensure that we no longer subsidise the airline and that is why we are looking for a strategic partner,” said Mr Murkomen.
“Even on the President’s trip to the US, one of the topics for discussion is how to get a strategic partner for Kenya Airways,” said the CS.
