Kenya to begin privatisation of 11 companies

Reuters News

The Nairobi skyline is seen in the background as a zebra walks through the Nairobi National Park, near Nairobi, Kenya, December 3, 2018. REUTERS/Amir Cohen

Kenya will start its privatisation drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on Monday.

The 11 are part of a bigger drive involving more than 35 companies that are slated for sale according to the president, partly to help the government raise extra revenue in the face of growing debt repayments.

Leave a Reply

Your email address will not be published. Required fields are marked *