Kenya Airways share price doubles to Sh7.60 as treasury shelves Sh204bn bond swap

Kenya Airways has made headlines this week as its share price surged from Sh3.83 to Sh7.60, doubling upon its return to the Nairobi Securities Exchange. On the fixed-income side, the National Treasury decided to shelve its Sh204 billion bond switch plan for April and May maturities. These developments have sparked discussions on the driving factors behind Kenya Airways’ significant rise in share price and the implications of the treasury’s decision on the bond market.

Teddy Irungu, Research…