State to sell KWAL shares to South African firm

Nairobi, Kenya: Kenya's government plans to sell a stake in a wines and spirits marketer to South Africa's Distell Group and to offload its shareholdings in three luxury hotels, its Privatization Commission said on Friday.

The commission did not say how much it expects to raise. The sales were first announced in 2011 as part of a plan to help improve the state's finances and to transfer the running of businesses to the country's private sector.