The Kenyan government plans to privatize state-owned companies to raise funds and stimulate economic growth, shifting away from budget cuts and new levies. Treasury Cabinet Secretary John Mbadi announced this strategy to Parliament on Monday, August 11, aiming to raise Ksh149 billion by June 2026.

• The first step involves listing a portion of Kenya Pipeline Company (KPC) shares on the Nairobi Securities Exchange (NSE) to allow public and investor ownership.
• Mbadi stated this move will reduce government borrowing, control national debt, and manage future budget deficits.
• This privatization strategy comes as Kenya prepares for new talks with the International Monetary Fund (IMF) next month, following previous struggles to meet fiscal targets.