Kenya Airways (KQ-) shares have been suspended from trading at the Nairobi Securities Exchange (NSE) following the commencement of plans to privatise the carrier. NSE in a statement said following the tabling of the bill, KQ had requested its shares be suspended from trading. “Notice is hereby given on the suspension from trading of Kenya Airways shares. “Subsequently, the company has applied for suspension of trading in its shares and closure of register until the resolution of its future is determined. The said competitors are government-owned and KQ has in the past noted that they are not necessarily driven by profit making.

Source: Standard Digital July 03, 2020 21:01 UTC