NAIROBI, Kenya– President William Ruto has announced that Kenya will privatise key State assets through the Nairobi Securities Exchange (NSE), starting with the Kenya Pipeline Company in 2025, in a bold move to attract global capital and boost investor confidence.
Speaking during the market opening ceremony at the London Stock Exchange, Ruto said the plan is part of a broader strategy to deepen financial markets, unlock economic potential, and position Kenya as a gateway for international investment into Africa.
“This forum reminds us of the critical role that capital markets play as catalysts for sustainable economic growth and expanded shared prosperity across the African continent,” he said.
The President underscored Kenya’s recent capital market reforms, which have propelled the NSE to become Africa’s top-performing stock exchange in dollar terms in 2024.
He asserted that the upcoming privatisations would further strengthen transparency, efficiency, and private-sector participation in the economy.
Likewise,he championed stronger UK-Africa investment ties, noting that partnerships with the UK are essential in delivering sustainable growth.
He lauded the UK’s support for Africa’s financial systems through initiatives such as Mobilist and FSD Africa.
Similarly, the head of state urged for sustained collaboration rooted in innovation, sustainability, and financial inclusion to drive long-term transformation across the continent.
