NSE seeks sale of State stake in Safaricom, KPA
Summary
Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA).
The mounting public debt has seen Kenya commit more than half of taxes or Sh1 trillion annually to paying loans, leaving little cash for building roads, affordable housing and revamping of the ailing health sector.
Wednesday April 07 2021
Summary
Nairobi bourse reckons that Kenya can cut reliance on debt to fund projects in the short term through fresh listings of cash-rich state firms like Kenya Pipeline Company (KPC), Kenya Ports Authority (KPA) and Kenya Airports Authority (KAA).
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