FILE PHOTO: The Nairobi skyline is seen in the background as zebras walk through the Nairobi National Park, near Nairobi, Kenya, December 3, 2018.
REUTERS/Amir Cohen/File Photo Acquire Licensing RightsNAIROBI, Nov 27 (Reuters) - Kenya will start its privatisation drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on 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.
"Privatisation and restructuring is geared towards the government's efforts for fiscal consolidation and spurring economic development," the ministry added.
The government revised the law governing the sale of state companies last month to the eliminate bureaucracy that had made the process grind to a halt, the president said last week.
Persons:
Amir Cohen, Duncan Miriri, Miral
Organizations:
REUTERS, Rights, Kenya Pipeline Company, Thomson
Locations:
Nairobi, Kenya, Rights NAIROBI