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Treasury's Sh100b gamble in Kenya Pipeline sale

Kenya Pipeline Company storage facilities in Nairobi. [File, Standard]

The government last week set the wheels in motion for the privatisation of Kenya Pipeline Company (KPC), launching what could be the country’s biggest Initial Public Offering (IPO) at the Nairobi Securities Exchange (NSE) in over a decade.

The IPO is also a two-in-one sale, with the Kenya Petroleum Refineries Ltd (KPRL) being part of the sale, which, to some extent, complicates the privatisation process. 

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