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"id": 1592984,
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"type": "speech",
"speaker_name": "Kinangop, JP",
"speaker_title": "Hon. Kwenya Thuku",
"speaker": null,
"content": "Something else we were able to look into while engaging the National Treasury is that one of the loans taken over by the government on behalf of Kenya Airways (KQ) has been novated, to the extent that the Government of Kenya has undertaken to repay it. As a Committee, we asked very pertinent questions. Why would the Government of Kenya be paying debts on behalf of profit-making entities like KQ? The burden is being passed over to Kenyans to pay at a premium rate. This is not just unacceptable but it is something we need to interrogate further. Why should KQ investors enjoy dividends and perks yet they cannot meet their loan obligations? While it has not been captured in this CFS as a standalone loan taken over by the government, we know it has happened. In the near future, this Committee will bring a report on the same."
}