January 7, 2025
Kenya Airways (KQ) Shares Resume Trading on Nairobi Securities Exchange
The airline achieved a KSh 513 million net profit in the first half of 2024, its first in a decade, thanks to reduced financing costs and restructuring efforts.
Kenya Airways (KQ) shares resumed trading on the Nairobi Securities Exchange (NSE) on Monday, January 2025, after a five-year suspension. The airline achieved a KSh 513 million net profit in the first half of 2024, its first in a decade, thanks to reduced financing costs and restructuring efforts. The Kenyan government, KQ’s largest shareholder with a 48.9% stake, has been instrumental in the recovery, taking over KSh 83 billion in loans to stabilize operations.
Other major shareholders include KQ Lenders Company 2017 Limited (38.09%) and KLM (7.8%), while over 75,000 retail investors hold 2.8% of the airline’s stock. As one of Africa’s key airlines, KQ is now focused on financial sustainability and operational efficiency to regain investor confidence. Its share price stood at KSh 3.83 before the 2020 suspension, and its return to the NSE signals a renewed path to growth.
