KENYA AIRWAYS PLAN RIGHT ISSUE

The Kenya Airways(KQ) confirmed its intention of floating a right issue at the Nairobi Stock Exchange in announcements in Kenya dailies. The company plans raise additional funds to enable it in its expansion plan across Africa and the rest of the world it also plans to acquiring more planes. KQ is among the best airlines in Africa which are flying all over Africa. Among others airlines that are rated as the best include South Africa ,Ethiopia ,and Egypt. The offer awaits the approval at there annual general meeting and also the go ahead from the Capital market Authority(CMA)