Regional stockmarket chiefs bullish about Kenya Pipeline IPO

Kenya targets $775.19 million in the largest IPO in 17 years, after the Safaricom listing in 2008.

Photo credit: File

East African stockmarkets executives are confident about the forthcoming share sale of state-owned Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange (NSE) after the government announced it would be selling its 65 percent controlling stake to the public in September.

Kenya targets $775.19 million in the largest IPO in 17 years, after the Safaricom listing in 2008.