Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Kenya’s Cabinet has reinstated Kenya Pipeline Company in the government’s privatisation programme, approving the sale of a portion of the state’s stake in the fuel-transport utility. The decision clears the way for KPC to be listed on the Nairobi Securities Exchange, a step officials say is aimed at improving the company’s access to capital and unlocking its commercial potential. Details on the size and timing of the divestiture were not disclosed, but ministers said only a partial stake would be offered, leaving the government with a significant holding. KPC operates the country’s petroleum pipeline network and storage facilities, making it a strategic asset for East Africa’s biggest economy.
Govt To Sell Kenya Pipeline: Cabinet approves sale of part of Kenya Pipeline shares Govt plans to partially divest from the company Move seeks to unlock company’s commercial potential Shares to be listed at the Nairobi Securities Exchange #CitizenExplainer @YvonneOkwara https://t.co/f2JGwi5Agk
Cabinet gives green light for reinstatement of Kenya Pipeline Company (KPC) into the privatization programme, paving way for partial divestiture of government shares https://t.co/BT5oSC6cRp
CABINET APPROVES privatisation of Kenya Pipeline Company; decision paves way for partial sale of government shares in the parastatal and its listing on NSE. https://t.co/uU8OlfZCPG
