The William Ruto administration is pursuing the privatization of a stake in the lucrative Kenya Pipeline Company (KPC) to raise crucial funds for budget and development support, as anticipated financial aid from global institutions has been delayed.

• The government plans to sell at least 60 per cent of the shareholding through an initial public offering on the Nairobi Securities Exchange (NSE).
• This sale could potentially generate more than Sh80 billion.
• The privatization push comes as budget and development support from global institutions has taken longer than expected.