NSE seeks sale of State stake in Safaricom, KPA

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Business Daily | by John Mutua


The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term.

The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to raise Sh792.6 billion from the sale of stakes in listed firms including Kenya Re, KCB and KenGen.

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