Hard truths.
The move, approved by the Cabinet and Parliament, seeks to unlock KPC’s full potential, empower citizens through ownership, and support fiscal sustainability within Kenya’s broader economic reform agenda.
Privatization efforts have faced legal and political challenges over the years, but Parliament has now approved the sale of 65% of Kenya Pipeline Company, with the government retaining 35% ownership.
According to KPC, the fire broke out at 12:40 pm from a manhole at the entrance of the station along Nanyuki Road, raising concerns due to its proximity to the company’s fuel storage facilities.
KPC is a key player in the country’s energy supply chain and has remained profitable over the years. The government has argued that selling part of it would attract private capital and expertise, modernise its...
Beyond ownership structure, MPs demanded strong safeguards to prevent the emergence of a monopoly.
In his Friday ruling, Justice Bahati Mwamuye directed that the National Treasury must not offer, allocate, transfer, dispose of, or in any way deal with any shares of KPC for now
Members of the joint committees on Energy, and Privatization and Public Debt said they would not approve the process without clarity on the company’s valuation
The bus was carrying employees home after their morning shift when it was struck by an oncoming Kenya Railways train while trying to cross the tracks.
A major recommendation by the ministry is the urgent provision of clean water to the Thange community by drilling new boreholes in areas free from contamination.