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Originally published by Capital Newstop
October 2, 2025
3h ago
MPs approve Kenya Pipeline privatization plan seeking to raise Sh100bn
The approval has faced hurdles including an August suit that saw the High Court suspend the privatization process pending the outcome of legal challenges questioning the procedure and transparency of the plan. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
The National Assembly has approved the Kenyan government's plan to privatize the Kenya Pipeline Company (KPC), allowing for the divestment of 65 percent of its shareholding to private investors. This move, which comes after prior approval from the Cabinet in July, aims to raise approximately Sh100 billion to address budget shortfalls.
- The government plans to retain a 35 percent shareholding in KPC, with the majority offered through a public listing.
- Treasury Cabinet Secretary John Mbadi stated that privatization could quadruple state revenues from KPC, currently around Sh3 billion or Sh4 billion annually.
- The approval follows High Court orders in mid-September that lifted an earlier suspension on the privatization process, clearing the way for parliamentary debate.
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