Is KPC sale another elite capture vehicle?

The Nakuru Kenya Pipeline Company (KPA) deport on November 22, 2024.

Photo credit: File | Nation Media Group

All indications are that the privatisation of Kenya Pipeline Company (KPC) is now a fait accompli. The advert for transaction advisers has been withdrawn and will only be reissued after Parliament approves the plan and process.

A sessional paper detailing the rationale for selling shares in one of the country’s most profitable companies was tabled in Parliament last week.

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