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State eyes billions from Kwal stake sale
Kenya Wine Agencies Limited (Kwal) Managing Director Lina Githuka during the groundbreaking ceremony for its factory at Tatu City in Kiambu County on February 12, 2021. PHOTO | FRANCIS NDERITU | NMG
The government has invited bids for its 43.77 percent stake in wines and spirits firm Kwal Holdings East Africa Limited (KHEAL), which it valued at Sh4.1 billion in the year ended June 2022 according to the latest available disclosures.
The value of the stake, which was raised from Sh3.4 billion in the prior year, is held via Kenya Development Corporation.
