Ndindi Nyoro claims President Ruto is arm-twisting parties in sale of KPC shares
Election
Originally published by Citizen Digital — Read the original article →
Kiharu Member of Parliament (MP) Ndindi Nyoro has intimated that President William Ruto is using proxies to takeover majority ownership stake of the Kenya Pipeline Company (KPC) shares.
This comes after 4.5 billion KPC shares worth approximately Ksh.42 billion were traded from state-owned entities to an anonymous private investor on October 19.
The KPC Initial Public Offering (IPO) was open from January 19 to February 24, and the company was officially listed on the Nairobi Securities Exchange (NSE) on March 9.
