The Kenya Kwanza manifesto proposes to set up a quasi-judicial commission of inquiry into state capture within 30 days of the new administration. The commission would aim to establish the extent of cronyism and state capture in Kenya and make recommendations. Transparency International has defined
The essence of administration is to rescue companies that are under financial distress while safeguarding the interests of creditors and other stakeholders in the company. One of the key objectives of administration as set out under the Insolvency Act, 2015 is to achieve a better
Kenya Airways(KQ) has suffered a turbulent ride in the recent past with the COVID-19 pandemic only sinking the airline further into distress. As a result of the global pandemic the International Air Transport Association (IATA) has forecasted a 29-billion dollar loss from passenger revenues and somewhere in this statistical figure must lie the approximation of 400 -500 million dollars that KQ likely to lose according to the CEO Allan Kilavuka.