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Shares in Kenya Airways surged more than 9 percent in early trade on Wednesday, buoyed by retail buyers who expect that this week's decision to replace the chairman will lead to further management changes at the loss-making carrier.
By 0723 GMT, shares in the airline, which is partly owned by the government and Air France KLM, had climbed 9.4 percent to 5.25 shillings ($0.05). Since hitting an all-time low of 3.30 shillings on Sept. 20, shares have climbed 60 percent.
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