Kenya Airways Relists on Nairobi Securities Exchange After Five-Year Suspension

Kenya Airways is officially back on the Nairobi Securities Exchange (NSE) after nearly five years of suspension. Trading of the airline’s shares resumed on January 6, 2025, highlighting milestones in the airline’s recovery journey.

The suspension of Kenya Airways shares began in 2020, following the government’s proposal to renationalize the struggling airline. This plan, detailed in the National Aviation Management Bill 2020, aimed to restructure the carrier but was never implemented. Consequently, the suspension remained in place as the airline faced financial difficulties.

Kenya Airways has since turned its fortunes around, reporting impressive financial results. In October 2024, the airline posted a record profit of KES 30 billion, the highest in its history. Additionally, the company returned to profitability after 11 years of losses, recording a net profit of KES 513 million for the half-year ending June 2024. This marked a major turnaround for the airline, restoring confidence in its operations and financial stability.

Also read: Kenya Airways to Launch Direct Flights to London Gatwick in Summer 2025

The NSE confirmed the lifting of the suspension in a notice: “Notice is hereby given of the lifting of the suspension in the trading of Kenya Airways Plc securities, effective January 5, 2025. The suspension was lifted following the company’s recent performance and the withdrawal of the National Aviation Management Bill 2020.”

The relisting of Kenya Airways shares is expected to attract renewed investor interest, given the company’s improved financial performance and strategic focus on sustainability and growth. The airline has also been strengthening its position in the region by improving customer experience, enhancing its fleet, and exploring partnerships to boost connectivity.

The lifting of the suspension symbolizes a fresh start for Kenya Airways, providing an opportunity for investors to be part of the airline’s growth story. This development also highlights the importance of effective management and strategic planning in turning around the fortunes of struggling companies.