Kenya will start its privatisation drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on Monday. The 11 firms are among more than 35 companies that are slated for sale to partially help the government raise revenue in the face of growing debt repayments. Apart from the Kenya Pipeline Company, investors can buy stakes in one of the main convention centres in Nairobi, a textbook publisher, agri-business firms and industrial companies, the ministry said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

UNRWA says still operating ‘at full scale’ in Gaza

Despite an Israeli ban on UNRWA operating in Israel and occupied East…

UK PM Sunak reportedly said ‘just let people die’

Prime Minister Rishi Sunak was quoted as saying the government should “just…

Türkiye urges US to be decisive about selling F-16 warplanes

Washington: Türkiye urged the Biden administration to be decisive in its bid…

At least 35 Palestinians killed in Israeli air strikes on Gaza since last night

At least 35 Palestinians were killed in Israeli air strikes across Gaza…