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Shares rise on reports executives to go soon

Kenyan broadcaster Citizen reported that Mbuvi Ngunze and Dennis Awori would exit by the end of the month

Kenya Airways chief executive officer Mbuvi Ngunze address investors during the release of their full year earnings results in the capital Nairobi

Kenyan broadcaster Citizen reported on its website that Chief Executive Officer Mbuvi Ngunze and Chairman Dennis Awori would exit by the end of the month, without giving a source.

"They are laying out plans to replace the senior management, that includes the CEO, this is based on reports that I am reading," Daniel Kuyoh, analyst at Alpha Africa Asset Managers, told Reuters when asked about the reason for the share rise. Others analysts and traders echoed the comments.

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