Kenya unveils ambitious $38 billion asset portfolio to streamline state corporations, regulate asset management
Appearing before the National Assembly’s Public Debt and Privatisation Committee chaired by Shurie Abdi Omar, Mr Odede detailed sweeping measures that will enhance transparency, eliminate inefficiencies and improve returns on public assets.
Privatisation: Kenya Pipeline Company Ltd launches largest ever IPO and first fully electronic public offer in Kenya’s capital markets history
Anchored by KPC’s strong fundamentals, including revenues of Ksh38.6 billion and after-tax profits of Ksh10.37 billion, for the financial year ended 30 June 2025 and supported by its 1,300-kilometre pipeline network that underpins national energy security and regional trade, the IPO marks a defining step in transforming a profitable state enterprise into a people-owned company while strengthening long-term economic resilience.
Kenya Electricity Generating Company profits soar to decade-high driven by rising energy demand
KenGen Board Chair Alfred Agoi explained that the company had reached a defining moment following the signing of an agreement with the Nuclear Power and Energy Agency (NuPEA) that gives KenGen the mandate to develop and operate Kenya’s first nuclear power plant.
