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Investors in Kenya Airways stock may be forgiven for believing the appointment of Michael Joseph as chairman will turn around its fortunes. And to demonstrate their faith, they voted with their wallets as demonstrated by the sharp rise in the airline’s stock, making it the best performing counter in 2016.
To be sure, the investors are not alone as the Government—which lured the former Safaricom Chief Executive Officer, also believes in his ability to bite the bullet when necessary and steer the beleaguered airline into profitability.
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