Kenya to Begin Privatization Drive, Offers Stakes in 11 Companies

Nairobi, Kenya - Kenya will start its privatization drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said Monday.

The 11 firms are among more than 35 companies that are slated for sale to partially help the government raise revenue in the face of growing debt repayments.

Apart from the Kenya Pipeline Company, which is wholly owned by the government, investors c