State mulls ports and pipeline IPOs

CMA Director Regulatory Policy and Strategy Luke Ombara (left) with Alex Mswaka after inking a pact. [Wilberforce Okwiri, Standard]

Kenyans could soon buy shares in the Kenya Ports Authority (KPA) and Kenya Pipeline Company (KPC) as the government seeks to reverse declining investor confidence at the Nairobi Securities Exchange (NSE). 

The Capital Markets Authority (CMA) said Tuesday the initial public offering (IPO) was part of the measures mooted to jump-start the securities market and increase local participation at the bourse.