Parliament has ring-fenced privatisation of Kenya Pipeline Company (KPC) by imposing strict conditions to prevent a select group of wealthy investors from dominating the share sale and ensure wide access for ordinary citizens.
The resolutions, passed by the National Assembly on Tuesday, represent a direct challenge to the Treasury’s urgent push to sell a stake in the profitable energy monopoly to raise an estimated Sh100 billion for the national budget.
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Parliament has ring-fenced privatisation of Kenya Pipeline Company (KPC) by imposing strict conditions to prevent a select group of wealthy investors from dominating the share sale and ensure wide access for ordinary citizens.
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By Brian Ngugi