Kenya Pipeline set for privatization as state unveils IPO plans

The government has formally kicked off the process to privatize the Kenya pipeline company (KPC) through an initial public offering (IPO) at the Nairobi securities exchange. This marks one of Kenya’s most significant state divestitures in recent years. In a public notice published in local dailies, the privatization commission, the agency charged with implementing the country’s privatization program, has invited bids from qualified firms to provide transaction advisory services for the planned IPO following approval by parliament earlier in the month