Kenya Airways reports worst ever loss of Sh36.2bn
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Kenya Airways (KQ) net loss has nearly tripled to Sh36.2 billion, the worst ever in the history of the airline, on account of Covid-19 disruptions that led to a sharp decline in passenger numbers.
1M | 3M | YTD | 1Y | 2Y |
-3.94% | +0.29% | +18.05% | -3.74% | -21.50% |
Value Traded (Mln KES) 408.10 |
Volume 10,117,700 |
Transactions - |
Market Cap. (Bln KES) 1,612.44 |
Kenya Airways (KQ) net loss has nearly tripled to Sh36.2 billion, the worst ever in the history of the airline, on account of Covid-19 disruptions that led to a sharp decline in passenger numbers.
Insurance group Britam Holdings plans to sell part of its 48.2 percent stake in mortgage financier HF Groupto one of the country’s big banks as part of a review of its investment portfolio.
The Capital Markets Authority (CMA) has dropped its push to have small businesses that access the government’s SME loan guarantee scheme compelled to list on the Nairobi bourse, and will instead put in place a long-term fund that will underwrite listing.
KCB Group will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements.