Trading in Kenya Airways shares has been suspended for another year, the local stock exchange said Wednesday, as the troubled national carrier battles to return to profitability. Kenya Airways shares have been suspended since July 2020, in the midst of the Covid-19 pandemic that devastated global air travel. The government owns a 48.9 percent stake in Kenya Airways, while Air France-KLM has 7.8 percent. Kenya Airways shares were first suspended in 2020 as lawmakers were considering a plan — since dropped — for the state to take full ownership of the carrier. The IMF highlighted that "addressing vulnerabilities" at Kenya Airways as well as the majority state-owned utility Kenya Power was "urgent".

Source: News 24 January 04, 2023 23:54 UTC