Kenya Plans $824M IPO of State-Run Pipeline Company

Kenya is planning to sell a big part of a company called Kenya Pipeline Company (KPC) to the public.

This is called an Initial Public Offering (IPO), and it's the first big one in Kenya in over a decade.

The government wants to raise about $824 million by selling 65% of KPC.

This money will be used to build things like roads and schools.

KPC is important because it moves fuel from the port to places all over Kenya and nearby countries.

The government is doing this because Kenya has a lot of debt and needs money for big projects.

Many people are interested in buying shares, and experts think there might be more demand than available shares.

This IPO is a big deal for Kenya's economy and shows that the country is trying new ways to get money for important projects.