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Kenya Airways resumes trading with a profit after government drops renationalization plans.
Kenya Airways shares resumed trading on the Nairobi Securities Exchange after a four-year suspension, following the government's abandonment of plans to renationalize the airline during the pandemic.
The airline posted its first net profit in over a decade, earning KES 513 million in the first half of 2024, a significant turnaround from previous losses.
Founded in 1977, Kenya Airways operates flights to 45 destinations and has faced financial struggles, despite government and Air France-KLM ownership stakes.
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Kenya Airways vuelve a comerciar con beneficios después de que el gobierno retire los planes de renacionalización.