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HomeDaily NewsWednesday, July 30, 2025Cabinet Approves Sale of Kenya Pipeline Company and Other Initiatives - July 2025
Breaking News & Top Stories4 stories from 2 sources

Cabinet Approves Sale of Kenya Pipeline Company and Other Initiatives - July 2025

The Cabinet has approved a significant step to privatize a portion of the Kenya Pipeline Company (KPC) by listing its shares on the Nairobi Securities Exchange (NSE), as part of President William Ruto's government's privatization agenda to reduce state budget allocations and enhance efficiency. This decision, however, has sparked public outrage, with the Motorists Association of Kenya (MAK) opposing the move due to concerns over transparency and the potential threat to a vital national asset. In a related development, the Cabinet has also cleared the rollout of the World Bank-backed National Youth Opportunities Towards Advancement (NYOTA) Project, a Sh30 billion initiative aimed at supporting over 820,000 young Kenyans, despite facing significant funding challenges. Additionally, the Cabinet has approved increasing payouts to road contractors from 40 percent to 80 percent of verified claims, leveraging funds from the securitization of the Road Maintenance Levy Fund (RMLF), a measure set to unlock stalled projects nationwide.

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Wednesday 2:07 PMKenyans

Ruto’s KPC Privatisation Plan Sparks Public Outrage

Ruto’s KPC Privatisation Plan Sparks Public Outrage

President William Ruto's plan to privatize the Kenya Pipeline Company (KPC), through listing its shares on the Nairobi Securities Exchange (NSE), has ignited public outrage. The Motorists Association of Kenya (MAK) strongly opposes the move, citing a lack of transparency and potential threats to a vital national asset.

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Key Highlights

President William Ruto's plan to privatize the Kenya Pipeline Company (KPC), through listing its shares on the Nairobi Securities Exchange (NSE), has ignited public outrage. The Motorists Association of Kenya (MAK) strongly opposes the move, citing a lack of transparency and potential threats to a vital national asset.

  • The privatization was approved by the Cabinet, with shares expected to be listed by September 2025.
  • The Motorists Association of Kenya (MAK) released a statement on Wednesday, July 30, highlighting concerns over the lack of Parliamentary debate, public participation, and stakeholder engagement.
  • MAK alleges a hidden agenda, fearing shares will go to "profiteering privateers, foreigners, and well-connected locals."
  • The government states privatization aims to enable the private sector to drive "growth, efficiency, and innovation," citing KenGen's partial privatization as a success.
  • Other entities slated for privatization include Kenya Literature Bureau (KLB) and National Oil Corporation (NOC).
Tuesday 7:43 PMKenyansFirst

Cabinet Approves Sale of High-Earning State Company

Cabinet Approves Sale of High-Earning State Company

The cabinet has approved the significant step to sell a portion of the Kenya Pipeline Company (KPC), a high-earning state entity, by listing its shares on the Nairobi Securities Exchange (NSE). This move is part of President William Ruto's government's ongoing privatization efforts to reduce state budget allocations and enhance efficiency.

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Key Highlights

The cabinet has approved the significant step to sell a portion of the Kenya Pipeline Company (KPC), a high-earning state entity, by listing its shares on the Nairobi Securities Exchange (NSE). This move is part of President William Ruto's government's ongoing privatization efforts to reduce state budget allocations and enhance efficiency.

  • The approval was made during a cabinet meeting on Tuesday, July 29.
  • The privatization aims to allow the private sector and industry experts to drive growth, efficiency, and innovation in KPC.
  • President William Ruto had previously hinted at the privatization, with plans to list the company's shares by September 2025.
  • Other entities set for privatization include Kenya Literature Bureau (KLB), Rivatex East Africa, National Oil Corporation (NOC), and the New Kenya Cooperative Creameries (NKCC).
Tuesday 9:20 PMCapital News

Cabinet clears 80pc road contractor claims after road levy securitization

Cabinet clears 80pc road contractor claims after road levy securitization

President William Ruto's Cabinet has approved increasing payouts to road contractors from 40 percent to 80 percent of verified claims, a move set to unlock stalled projects nationwide. This decision leverages funds from the securitization of the Road Maintenance Levy Fund (RMLF).

Read Story

Key Highlights

President William Ruto's Cabinet has approved increasing payouts to road contractors from 40 percent to 80 percent of verified claims, a move set to unlock stalled projects nationwide. This decision leverages funds from the securitization of the Road Maintenance Levy Fund (RMLF).

  • Up to 80 percent of verified road contractor claims will now be released, doubling the previous 40 percent settlement.
  • The additional payout is sourced from the securitization of the Road Maintenance Levy Fund (RMLF), a model that has already disbursed Sh64.2 billion.
  • Roads and Transport Cabinet Secretary Davis Chirchir defended the securitization model, stating it is legal and aims to pay off Sh175 billion in pending bills inherited from the previous administration, which had stalled over 580 road projects.
Tuesday 9:44 PMCapital News

Cabinet clears rollout of WB-backed NYOTA youth empowerment plan

Cabinet clears rollout of WB-backed NYOTA youth empowerment plan

The Kenyan Cabinet has approved the rollout of the National Youth Opportunities Towards Advancement (NYOTA) Project, a Sh30 billion youth empowerment initiative aimed at supporting over 820,000 young Kenyans. This decision comes amidst significant funding challenges for the World Bank-backed program.

Read Story

Key Highlights

The Kenyan Cabinet has approved the rollout of the National Youth Opportunities Towards Advancement (NYOTA) Project, a Sh30 billion youth empowerment initiative aimed at supporting over 820,000 young Kenyans. This decision comes amidst significant funding challenges for the World Bank-backed program.

  • The NYOTA Project is co-funded by the Government of Kenya and the World Bank through a USD229 million concessional credit.
  • President William Ruto defended the initiative, emphasizing its role in "restoring dignity to our young people."
  • The program faces a Sh7.6 billion budget deficit, as warned by Principal Secretary for MSME Development Susan Mangeni, with only Sh1.2 billion allocated by Parliament for the current financial year.
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