The capital markets regulator is forecasting that the sale of a 65 percent stake in Kenya Pipeline Company (KPC) through an initial public offering (IPO) will fuel an estimated half a trillion shillings gain in the market value of the Nairobi Securities Exchange (NSE).
The Capital Markets Authority (CMA) told two parliamentary committees on August 12 that the sale looks set to grow the market value of the NSE above Sh3 trillion.
