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MPs block 'rich cabal' from Sh100b KPC sale

Kenya Pipeline Company depot in Nairobi. [File, Standard]

Parliament has ring-fenced privatisation of Kenya Pipeline Company (KPC) by imposing strict conditions to prevent a select group of wealthy investors from dominating the share sale and ensure wide access for ordinary citizens.

The resolutions, passed by the National Assembly on Tuesday, represent a direct challenge to the Treasury's urgent push to sell a stake in the profitable energy monopoly to raise an estimated Sh100 billion for the national budget.

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