VituVingiSana wrote:xtina wrote:Moving on from the successful KPC IPO, upcoming:
The Kenyan government's Privatisation Act 2025 (upheld by court Feb 2026) targets divestiture in these 11 priority SOEs for efficiency & investment:
1. Kenya Pipeline Company (65% IPO ongoing, ~KSh 106B target)
2. Kenyatta International Convention Centre (KICC)
3. New Kenya Co-operative Creameries
4. Kenya Seed Company
5. National Oil Corporation of Kenya (NOCK)
6. Kenya Literature Bureau
7. Western Kenya Rice Mills
8. Numerical Machining Complex
9. Kenya Vehicle Manufacturers (35% stake)
10. Rivatex East Africa
11. Mwea Rice Mills
Broader plans include strategic foreign investor for Kenya Airways (~KSh 258B deal) & approved divestitures via Privatisation Authority (e.g. Consolidated Bank, multiple sugar firms like Chemelil/Nzoia). JKIA is PPP modernization only—no outright sale. Full details:
http://privatisation.go.ke.
Good to have GoK exit, or reduce its stake, from all of these firms.
KICC, NOCK, Rice Mills, Rivatex, NMC, KLB, KCC, etc are not strategic in any form or fashion.
Let them survive or die on their own. No more bailouts.
i agree lol almost all are terrible companies. PA also lists Chemelil Sugar, South Nyanza Sugar, Kabarnet Hotel, Mt Elgon Lodge, Golf Hotel, Nzoia Sugar, Miwani Sugar, Sunset Hotel Kisumu, Kenya Safari Lodges and Hotels, Consolidated Bank, Development Bank of Kenya, Agro-Chemical and Food Company, Kenya Wine Agencies and Kenya Meat Commission.
As per PA, Kenya Ports isn't being sold
as govt dropped full privatization plans and expansions will be via PPPs, not divestiture. Apart from Saf divestiture, the only remaining one is KQ and i see they are at an advanced stage of identifying a strategic investor going per Ndii's comments
I will be following PA very closely, let's see if there is a move they can pull with the above dead in the water companies. Going by the success of KPC, the govt has smugly realized they don't need 800,000 'noisy' retail investors to raise 106 billion
and I suspect this is the route they will take going forward. Belgrade has alluded to this in a very roundabout way in some of his interviews.
With PA, I think the glory days of Kengen, Safaricom 600% oversubscription and 800,000 applicants for state IPOs are gone but of course never say never