Business & Economy3 stories from 2 sources
The Kenyan government is seeking about $2 billion from various development banks to fund the expansion of Jomo Kenyatta International Airport (JKIA). Separately, government estimates value the Kenya Pipeline Company (KPC) at Sh120 billion as the state plans to divest a 65 percent stake. This divestiture aims to raise approximately Sh100 billion through an IPO on the Nairobi Securities Exchange (NSE). According to CS Mbadi, the government is set to retain 35 percent of the shares in KPC following the planned sale.