Kenya Airways share-trading in Nairobi to resume
Trading in shares of Kenya Airways has resumed after being suspended for more than four years, the Nairobi stock exchange has revealed.
Image: Kenya Airways
The airline sought a suspension in July 2020 when the government proposed a law to renationalise the troubled carrier in the midst of the Covid-19 pandemic, but the nationalisation plan was ultimately dropped, and the airline returned a profit last year for the first time in years.
“Notice is hereby given of the lifting of the suspension, effective January 5, 2025,” the Nairobi Securities Exchange said in a statement.
The airline posted a net half-year profit of $4 million for the period ending June 30, 2024.
The Kenyan government owns a 48.9 percent stake in Kenya Airways, while Air France-KLM has 7.8 percent.
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