Kenya Airways to trade on Tanzania stock exchange

Airline Industry Information, Sept 23, 2004

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Kenya Airways has become the first foreign company to cross-list on Tanzania's Dar es Salaam stock exchange (DSE).

Tanzania's financial authorities gave the airline permission to be listed after almost a year on the waiting list. Kenya Airways will now be listed in Tanzania, Uganda and Kenya from 1 October 2004.

The airline is one of only a few African carriers that is profitable and has been positioning itself as a regional airline. In 2003/04 the airline made a KES1.3bn net profit, more than triple the previous year, reports Reuters.

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