Shares plan for locals in privatisation push

kpc

Kenya Pipeline Company (KPC) petroleum storage facility in the Industrial area, Nairobi. 

Photo credit: File | Nation Media Group

Communities living near parastatals put up for sale are in line to be allocated shares in a plan aimed at ensuring smooth privatisation.

The Privatisation Authority says it will consider proposing that a percentage of shares be ring-fenced for persons who have been for years attached to some of the State-owned firms being sold.

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