In 1995, IFC successfully advised the Government of Kenya on the privatization of Kenya Airways. After selling 26 percent of the airline to a strategic partner, the frequency of the airline’s flights grew by 61 percent in six years, developing Nairobi into a regional hub. The sale was completed in December 1995 and the public offering in April 1996. The airline has been profitable ever since.
Document TypeBriefs
LanguageEnglish
SectorAirlines, Transport
File TypePDF
ContributorWorld Bank Group (WBG)
Country
RegionSub-Saharan Africa
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