The Kenyan Parliament has approved the government’s plan to privatize the Kenya Pipeline Company (KPC), allowing for the sale of a 65 percent stake to private investors.

• The government aims to raise approximately Sh100 billion from the divestment to address budget shortfalls, retaining a 35 percent shareholding.
• Treasury Cabinet Secretary John Mbadi highlighted that privatization could quadruple state revenues from KPC, from Sh3-4 billion annually to significantly more.
• The approval followed the lifting of a temporary injunction by the High Court in mid-September, which had previously suspended the privatization process.