Kenya Airways' #ticker:KQ shares were suspended from trading at the Nairobi Securities Exchange (NSE) #ticker:NSE for the next two weeks after the government announced last week that it was moving to restructure ownership at the State-owned airline.
On Monday, Treasury and 10 local banks said they had converted their debt, worth more than Sh44 billion, in the struggling Kenyan carrier into equity effectively making them the majority owners with an 87 per cent stake.
