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Originally published by The Standard Business
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August 20, 2025
7h ago

MPs block 'rich cabal' from Sh100b KPC sale

MPs block 'rich cabal' from Sh100b KPC sale

Parliament has ring-fenced privatisation of Kenya Pipeline Company by imposing strict conditions to prevent a select group of wealthy investors from dominating the share sale...

✨ Key Highlights

Kenya's National Assembly has imposed strict conditions on the privatization of the Kenya Pipeline Company (KPC), aiming to prevent a "rich cabal" from dominating the share sale. This move challenges the Treasury's urgent push to sell a stake in KPC to raise an estimated Sh100 billion for the national budget.

  • The privatization aims to raise approximately Sh100 billion for the national budget.
  • The National Assembly passed the resolutions on Tuesday.
  • The main objective is to ensure wide access for ordinary citizens in the share sale of KPC.

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