Debt-hit Kenya plans $824 million IPO of state-run firm after more than a decade — here is what we know
After more than a decade without a major state-backed equity sale, Kenya is poised for a landmark market revival as the debt-hit country plans to raise a record 106.3 shillings ($824.1 million) from an initial public offering of a state-run pipeline company, Bloomberg reported. President William Ruto’s government will sell 11.8 billion shares, or a…