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Kenya Airways confident for business travel outlook

Kenya Airways CEO Titus Naikuni has announced the carrier is upbeat over the outlook for business travel in Africa, thanks to the strength of local economies. Growing regional business confidence is translating into demand for premium travel. Shares in Kenya Airways were down 1.2%.

Shares in South Africa's Comair fell 2.3% in trading, hitting a two-month low. Shares in integrated African investment company Lonrho rose 2.8%, while local LCC 1Time Holding rose 2.6%.

Selected Middle East and African daily share price movements (% change): 09-Jun-2011