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The Resurrection of KQ on the trading floor
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Hello 👋🏾, it’s Brian from The Kenyan Wall Street!
Happy New Year 2025! 🥳
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Top Story
🛫 Kenya Airways Resumes Trading at the NSE After Five Years
KQ’s financial performance over the last seven years
After five years of a trading drought at the Nairobi Securities Exchange (NSE), shareholders of the National Carrier - Kenya Airways (KQ) resumed trading on Monday morning. This was after Capital Markets Authority (CMA) lifted KQ’s suspension, which was first instituted in July 2020.
The suspension was enacted when Members of Parliament began reviewing a law to allow the state to take over the airline. The National Aviation Management Bill sought to re-nationalize the national carrier through the establishment of the Kenya Aviation Corporation. However, the bill flopped.
About 75, 000 individuals collectively own 2.8% of the national carrier through the stock market. The government remains the largest shareholder with a 48.9% stake, followed by 38.09% under the KQ Lenders Company 2017 Limited – which comprises of a litany of commercial banks, Dutch airline KLM with 7.8%, and Kenya Airways employees owning 2.44%.
KQ has revamped its fortunes on the stock market after recovering its profit trajectory after 10 years. This is largely due to reduction in finance costs and the government subsuming a bulk of the airline's debt.
Today's Poll
Do you think it is wise to buy KQ shares as the airline resumes trading at the NSE? |
📡 Electronics’ Distributors Face Higher Costs as Regulator Introduces New License
The headquarters of the Communications Authority of Kenya (CA)
The Communications Authority of Kenya (CA) intends to curb counterfeit electronics by introducing a new license dubbed the ‘Telecom Equipment Distributor (TED) license’.
🔸Distributors of terminal electronic devices such as and complex network equipment will apply for the license by paying KSh 5,000.
🔸The license fee has been set at KSh 250,000 and will be renewable after 15 years.
🔸The distributors will also pay an annual operating fee charged at 0.4% of turnover or a minimum of KSh 120,000.
🔸Under the new license, violators of the directive will face fines of up to KSh 300, 000.
🚢 Scheduled Upgrade of Mombasa Port as Vessel Traffic, Cargo Volumes Surge
Containers at a port
The Kenya Ports Authority (KPA) is set to upgrade its Terminal Operating System (TOS) at the Port of Mombasa as part of strategic changes to improve the quality and speed of cargo handling and shipping clearance.
🔸KPA has already awarded the tender for the construction of a new berth, which, with a design length of 240 metres, is set to handle 300,000 twenty-foot equivalent units (TEUs).
🔸The Mombasa port will also see progress in the third phase of construction of Berth 23, measuring 300 metres and 500,000 TEUs in capacity, as the authority finalizes engagement with the Japan International Development Agency (JICA).
🔸According to the latest data, the port of Mombasa, which serves as the gateway to landlocked countries in the region, has a capacity of 2.1 million TEUs per annum.
“The task of the entrepreneur is to select from the multitude of technologically feasible projects those which will satisfy the most urgent of the not yet satisfied needs of the public.”
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