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).