Last week, Treasury Cabinet Secretary John Mbadi remarked that the Exchequer was contemplating an initial public offering (IPO) for Kenya Pipeline Company on the Nairobi Securities Exchange (NSE).
What impressed me about an IPO is that the government may no longer be mulling KPC privatisation through “strategic investors”, for indeed Kenyans in general distrust the process of turning over public assets to opaquely “‘selected” investors.
