The government completed the sale in March, raising Sh106.3 billion after selling a 65 percent stake in KPC through an oversubscribed initial public offering.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court ordered the government to produce key records underpinning the privatisation of Kenya Pipeline Company (KPC) before a petition challenging the sale proceeds is heard.
The offer risked collapse after investors bought less than 10 percent of the Sh103.6 billion worth of shares, days to the closure…
The court battle stems from KPC's flagship Line 1 Replacement Project, one of Kenya's biggest energy infrastructure investments,…
Uganda spent over Sh30 billion to acquire the 20.15 percent stake in KPC.
KPC has signed a 25-year crude oil storage and handling deal projected to generate Sh93.68 billion, raising concerns over the…
Court records indicate KPC, which was recently privatised, has paid Zakhem more than Sh2 billion in interest as the battles drag…
The top 20 shareholders held a 94.27 percent stake in KPC, with nominee accounts of the core owners having a combined 58.5…
