The Nairobi Securities Exchange has suspended the trading of Kenya Airways for three months following imminent corporate restructure and a government buy-out. NSE said in a statement on Friday that Kenya Airways had applied for suspension of trading in its shares and closure of its register until the conclusion of its future is determined. The National Civil Aviation Council was established on June 18, comprising of the President who will be the chairperson, Transport CS, Treasury CS, Interior CS, Attorney General and the Kenya Air force Commander. The bill also saw the establishment of the Kenya Aviation Corporation which shall be a body corporate with perpetual succession and a common seal. It will also advise the government on matters relating to the development of the Kenyan aviation sector and perform such other functions.

Source: The Star July 03, 2020 09:29 UTC