Kenya Airways shares rise

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Shares in loss-making Kenya Airways climbed as much as 3 per cent on Friday, with analysts citing reports that the Chief Executive, Mbuvi Ngunze, and Chairman, Dennis Awori, might be replaced soon.

There is a key demand of pilots who have threatened strike action.

Reports said that Ngunze and Awori would exit by the end of the month.

“They are laying out plans to replace the senior management and that includes the CEO, this is based on reports that I am reading,” Daniel Kuyoh, analyst at Alpha Africa Asset Managers said. (Reuters/NAN)

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