I think Ngunze was handed a rotten lemon by Naikuni. Unfortunately, he kept on Mbugua for 3 years. KQ is screwed.
Of course, this is the time to buy as @Obiero says. Don't listen to @VVS and his slew of profitable firms/choices like:
KenolKobil - Who needs a firm that is expected to make record profits in 2016?
KenRe - Record profits in 2016?
I&M - Who needs to buy banks that are profitable making record profits (1Q 2016)?
Unga - Who needs to buy shares in a FMCG firm that is expanding & making profits?
Stick with KQ. It's more fun to own shares in a firm that loses cash year in, year out...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett