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Kenya Pipeline IPO Was Rescued by US$740 Million in Arm-Twisted State Money

Rio Times

BusinessRio Times·Aug 31, 2026·1 min read

Kenya Pipeline IPO Was Rescued by US$740 Million in Arm-Twisted State Money

KENYA · MARKETS Key Facts —The revelation: Kenya’s government pressured cash-rich state firms to buy into the Kenya Pipeline Company (KPC) initial public offering after private investors snubbed it. Uganda plus 13 state-backed pension…

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