Singapore-based investment company Temasek has clarified that it has not engaged in any discussions to acquire a stake in Kenya Airways, dismissing recent media reports suggesting so.
In a statement shared on Monday, January 26, the firm stated, “We are aware of news articles claiming that Temasek has expressed interest in taking a stake in Kenya Airways. These reports are untrue. Temasek has not been involved in any discussions on Kenya Airways.”
The clarification comes amid widespread speculation about potential foreign investment in Kenya’s national carrier, which has been exploring options for revitalisation amid financial challenges.
Temasek’s statement effectively rules out its involvement in the ongoing discussions with the Kenyan government.
Qatar and Singapore Compete for Kenya Airways Control
A report by Africa Intelligence had suggested that state investors from Qatar and Singapore are actively seeking government approval to take over Kenya Airways.
“State investors from Qatar and Singapore are neck-and-neck in trying to convince William Ruto to hand them the reins of Kenya Airways,” the report stated.
The proposals from both countries are said to differ significantly in structure and operational approach.
The Kenyan government has reportedly engaged with these foreign investors to explore strategies to stabilise and expand the airline, which has faced challenges, including high operational costs and increased competition.
The involvement of foreign state investors is seen as a potential solution to enhance efficiency, inject capital, and restore profitability.
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Temasek’s denial clarifies that while Singaporean interests are being considered, the company itself is not part of the negotiations.
“These reports are untrue,” the firm emphasised, countering claims circulating in media outlets.
Kenya Airways and Qatar Airways Expand Connectivity Through New Codeshare Partnership
Kenya Airways and Qatar Airways announced on October 20, 2025, the launch of a new codeshare partnership that will significantly enhance travel options between Africa, the Middle East, Asia, and beyond.
The agreement follows the signing of a strategic partnership between the two national carriers in July and marks its first major milestone. The implementation comes alongside the introduction of a third daily Qatar Airways flight between Doha and Nairobi, further strengthening air links between Kenya and the Gulf region.
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Under the new codeshare, Qatar Airways passengers will be able to connect seamlessly to eight new destinations across Africa via Nairobi, including Juba (South Sudan), Lilongwe (Malawi), Livingstone (Zambia), and Victoria Falls (Zimbabwe). In turn, Kenya Airways customers can now book flights to 11 global destinations operated by Qatar Airways through its Doha hub.
These include Kuala Lumpur (Malaysia), Singapore, Male (Maldives), and Tokyo (Japan), among others.
Chief Commercial and Customer Officer Kenya Airways, Julius Thairu, said the expanded partnership reflects the airline’s commitment to improving connectivity and customer convenience.
“This partnership will enhance connectivity across Africa and Asia, expand our network, and open up a world of new destinations for our customers. Together with Qatar Airways, we are committed to offering better travel experiences and creating more opportunities for trade, tourism, and cultural exchange,” said Kilavuka.
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