LONDON, July 2 (Reuters) - Kenya is earmarking state
assets for initial public offering in order to bring in more
private sector investment, President William Ruto said in
remarks at the London Stock Exchange on Wednesday.
The government plans to start with listing the Kenya
Pipeline Company via an initial public offering on the Nairobi
Securities Exchange this year, Ruto said.
"We are committed to a structured, time-sensitive programme
that identifies and prepares a robust pipeline of key government
assets to be privatised through the stock exchange or improved
through private sector participation," he said.
Ruto also said that well-functioning domestic capital
markets could reduce reliance on external debt.
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