Monday
December 4
2023

Kenya to Sell 35 State Companies as Africa Seeks to Jumpstart IPOs

Kenya’s President William Ruto said on Thursday the government was poised to privatise 35 state companies after enacting a law last month to guide the process.

Kenya last privatised a state-owned company in 2008 with an initial public offering (IPO) for 25% of the shares in telecommunications firm Safaricom (SCOM.NR).

Source: Reuters (link opens in a new window)

Categories
Investing, Telecommunications
Tags
business development