Kenya Airways shares suspension extended for nine months
Wednesday April 07 2021
KQ shares were initially suspended from trading on the Nairobi Securities Exchange (NSE) in July last year.
Shareholders will be waiting to know the price the government will be offering to buy them out.
The Capital Markets Authority (CMA) has extended a share trading freeze on national carrier Kenya Airways #ticker:KQ for another nine months as the airline prepares for the State takeover bid.
KQ shares were initially suspended from trading on the Nairobi Securities Exchange (NSE) in July last year after MPs began to review the law that will pave the way for the government to take back full control of the airline.
CAA sues 5 airlines for $600,000 – Zambia: News Diggers! diggers.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diggers.news Daily Mail and Mail on Sunday newspapers.
Kenya to Open Consulate in Breakaway Somali Region’s Capital Bloomberg 16/12/2020
(Bloomberg)
Kenya will open a consulate in the breakaway region of Somaliland that’s lobbying for international recognition, escalating tensions with the government of neighboring Somalia.
The office will open in the Somaliland capital of Hargeisa by end of March, Kenyan President Uhuru Kenyatta and his Somaliland counterpart Muse Bihi Abdi said in a joint statement on Tuesday. The breakaway region will upgrade its liaison office in Kenya’s capital, Nairobi, at the same time.
Somalia cut diplomatic ties with Kenya on Tuesday, the day after Kenyatta announced he was holding talks with Abdi. The rift in relations comes as Kenya and Somalia prepare to square-off at an international tribunal in March over a maritime-border dispute.