Over the past twelve months, the Kenya Airways counter at the Nairobi Securities Exchange has risen from a low of Sh1.56 per share to Sh7.58 per share. The stock touched its fresh high on Monday, April 13, 2026, in what was a continuation of a bull run by the stock.
The bullish KQ shares had closed the previous trading session on April 10 at an average of Sh6.90 per share. They closed Monday’s session 7.25 percent higher at an average of Sh7.40 per share, with a day’s low of Sh. 7.06 per share and a day’s high of Sh7.58 per share. Traded volume stood at 2.84 million shares.
The KQ counter has attracted increased interest from speculative investors following revelations that the government is exploring a potential sale of the national carrier to foreign investors.
In February 2026, the Cabinet Secretary for the National Treasury John Mbadi announced that President William Ruto and his government had decided to sell off Kenya Airways.
According to the Cabinet Secretary, the government will hand over the national carrier to foreigners who will pump in between Sh154.8 billion and Sh258 billion.
Mbadi claimed that the government will float an international expression of interest (EOI) in a bid to get an investor.
“The new investor is expected to inject a minimum of Sh154.8 billion and up to Sh258 billion into the business. We shall be rolling out an international expression of interest to search for a strategic partner,” said CS Mbadi. The CS, however, did not announce when this bid will be opened.
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“The government took up Sh63.1 billion which it is now servicing. The government then signed an on-lent agreement with KQ. This amount can be converted to equity once we firm up the onboarding of a strategic investor.”
At the same time, the entry into the list of shareholders by stockbroker and Kiharu Member of Parliament Ndindi Nyoro has also piqued the interest of some local investors who consider him a voice on stocks.
According to regulatory filings for the month of February 2026, Nyoro had acquired 10,396,251 shares. Nyoro is now the second-largest individual shareholder at Kenya Airways. He is also the seventh largest shareholder at Kenya Airways.
