The Capital Markets Authority (CMA) has extended a share trading freeze on national carrier Kenya Airways for an additional year just days after the National Treasury announced a Sh34.9 billion bailout of the cash-strapped airline.
KQ, as the carrier is known by its international code, had its shares initially suspended from trading on the Nairobi Securities Exchange (NSE) in July 2020 after MPs began to review a law that would allow the government to take over the loss-making airline, a bid that was later dropped in December 2021.
