Kenya: MPs Approve Kenya Pipeline Privatization Plan Seeking to Raise Sh100bn

Kenya: MPs Approve Kenya Pipeline Privatization Plan Seeking to Raise Sh100bn

Nairobi -- Parliament has approved the government's plan to privatize the Kenya Pipeline Company (KPC) paving the way for the government to divest 65 per cent of its shareholding to private investors.

Kenyan Parliament Approves Privatization of State Pipeline Company to Raise $769 million

Kenyan Parliament Approves Privatization of State Pipeline Company to Raise $769 million Daniel Onyango Thu, 10/02/2025 - 13:16 The Kenyan National Assembly has approved a government plan to partially privatize the Kenya Pipeline Company (KPC) , clearing the final legislative hurdle for the divestiture of a majority stake in the state-owned enterprise. The move paves the way for the government to sell 65% of its shareholding to private investor…

MPs approve Kenya Pipeline privatization plan seeking to raise Sh100bn

NAIROBI, Kenya, Oct 2 – The Nartional Assembly has approved the government’s plan to privatize the Kenya Pipeline Company (KPC) paving the way for the government to divest 65 per cent of its shareholding to private investors. The move came after Cabinet approved the partial privatization in July, framing it as a shift toward “democratizing ownership” and unlocking the firm’s full commercial potential. According to government projections, the div…