Home East Africa Kenya Kenya: Cabinet Moves to Cede State Dominance On Kenya Pipeline

Kenya: Cabinet Moves to Cede State Dominance On Kenya Pipeline

Kenya: Cabinet Moves to Cede State Dominance On Kenya Pipeline

Nairobi — The Cabinet has approved the partial privatisation of Kenya Pipeline Company (KPC), paving the way for Kenyans to buy shares in the firm.

The listing of the firm on the Nairobi Securities Exchange, President William Ruto’s Cabinet noted, will “democratise ownership” and unlock the company’s full commercial potential.

The decision, announced following a Cabinet meeting on Tuesday, signals a significant policy shift from State dominance in commercial enterprises toward private-sector-led…

Read more on AllAfrica.com

South Africa Today Africa – East Africa Kenya News