1988 - 1999 Privatization Transaction Data
Source: World Bank, 2000 (amounts in US$ millions)
Year Country Company Sector Share sold (%) Sale Amount Foreign exchange earned on transaction Financial Notes Purchaser(s) Name of purchaser(s)/Additional details
1988 Kenya Kenya Commercial Bank Banking 20.0 8.0 .. public offer    
1990 Kenya Kenya Commercial Bank Banking 10.0 12.0 ..   ..  
1991 Kenya The Tea Hotel, Kerich Hotel 60.0 0.5 .. direct sale joint venture preemptive rights  
1992 Kenya Housing Finance Company Financial Services 50.0 3.9   Public offer    
1992 Kenya Nairobi Oil Products Manufacturing 29.0 0.3        
1992 Kenya Y-Fashions Manufacturing 75.0 0.1 0.0 Sale of shares local investor  
1992 Kenya Uchimi Supermarkets Retail 90.0 7.2   public offer    
1993 Kenya Kenchick Agribusiness 12.0 0.1        
1993 Kenya Salt Manufacturers Ltd. Chemicals 56.0 0.8        
1993 Kenya CMC Holdings Engineering 20.0 0.3   public offer    
1993 Kenya Avon Rubber Co. Ltd. Manufacturing 20.0 0.2        
1993 Kenya E.A. Oxygen Ltd Manufacturing 15.0 0.7   public offer    
1993 Kenya Kisumu Cotton Mills Manufacturing 80.0 3.0   Receivership    
1993 Kenya Yuken Textiles Ltd Manufacturing 100.0 0.2   Receivership    
1993 Kenya Avon Marketing Ltd. Services 18.0 0.1        
1993 Kenya Kenya Drilling Co. Services 100.0 0.4   Receivership    
1993 Kenya Panafric Hotel Ltd Tourism 31.0 1.1        
1993 Kenya Pollman's Tours and Safari Ltd. Tourism 49.0 0.4        
1993 Kenya Robinson Baobab Hotel Ltd. Tourism 10.0 0.9        
1993 Kenya Sirikwa Hotel Ltd Tourism 21.0 1.2   Receivership    
1993 Kenya Nestle Foods Kenya Ltd. Trade 14.0 0.3        
1993 Kenya Tiger Shoes Trade 16.7 0.2   Receivership    
1994 Kenya National Bank of Kenya Banking 20.0 7.1 0.0 public offer local investors  
1994 Kenya CPC Industrial Products Ltd. Agribusiness 18.0 0.5        
1994 Kenya Kenya Cashewnuts Co. Ltd. Agribusiness .. 1.4        
1994 Kenya Associated Battery Manufacturers Ltd. Automobiles 20.0 0.5        
1994 Kenya African Marine General Engineering Co. Ltd. Engineering 33.0 0.5        
1994 Kenya Firestone (E.A.) Ltd. Rubber 20.0 1.8   Preemptive rights    
1994 Kenya Chloride Exide Ltd. Services 18.0 0.1        
1994 Kenya Milling Corporation of Kenya Agribusiness 100.0 2.7   Bid    
1994 Kenya Pan Vegetable Processors Ltd Agribusiness 100.0 1.7        
1994 Kenya African Diatomite Industries Ltd Mining 100.0 0.8   Bid    
1994 Kenya Mepal Plastics Kenya Plastics 100.0 0.3   Bid    
1994 Kenya Seracoating Kenya Plastics 34.0 1.5        
1995 Kenya Pan Vegetable Processors Agribusiness 100.0 1.8 0.0      
1995 Kenya Kenya Fruit Processors Ltd Agroindustry 35.0 0.2 0.0      
1995 Kenya Kerio Valley Ginnery Ltd. Agroindustry 100.0 0.2 0.0      
1995 Kenya Mwea Ginnery Ltd Agroindustry 100.0 0.3 0.0      
1995 Kenya Hola Ginnery Ltd Industry 100.0 0.2 0.0      
1995 Kenya Kenya Furfural Ltd Industry 55.0 1.1 0.0      
1995 Kenya Kenya Taitex Mills Industry 81.0 1.6 0.0      
1995 Kenya Synthetic Fibre (K) Ltd. Industry 100.0 1.0 0.0      
1995 Kenya Booth Manufacturers Ltd Metal Fabrication 29.0 0.2 0.0      
1995 Kenya Uchumi Retail 18.5   0.0      
1995 Kenya Homa Bay Hotel Ltd Services 99.0 0.4 0.0      
1995 Kenya Golf Hotel Ltd. Services 80.0 1.4 0.0      
1995 Kenya East African Fine Spinners Textiles 100.0 3.5 0.0      
1995 Kenya Synthetic Fibre (K) Ltd. Textiles 100.0 1.0 0.0      
1995 Kenya Wire Products Ltd. Metals 30.0 0.2 0.2 direct sale foreign investor foreign joint venture
1996 Kenya Kenya Airways Airlines 54.0 46.3 0.0 Public offer Local investors Retail and institution investors
1996 Kenya Kenya Airways Airlines 54.0 46.3 0.0 Public offer Local investors Retail and institution investors
1996 Kenya Kenya Airways Airlines 26.0 26.0 26.0 Direct sale Foreign investor KLM (Netherlands)
1996 Kenya Kenya National Assurance Insurance 100.0 .. .. Liquidation    
1996 Kenya Kenatco Taxis Ltd. Transport 100.0 .. .. Receivership    
1996 Kenya Kenya National Capital Corporation Banking 20.0 10.5   Public Offer various investors Retail and institution investors
1996 Kenya Kisii Bottlers Ltd. Industry       Pre-emptive rights    
1996 Kenya Raymond Woollen Mills Industry 6.0     Pre-emptive rights    
1996 Kenya Wananchi Sawmills Ltd. Industry 45.0 0.3   Pre-emptive rights local investors Shareholders
1996 Kenya Rift Valley Bottlers Industry 45.0     Pre-emptive rights    
1996 Kenya Kibos Cotton Ginnery Manufacturing   0.1   Bid    
1996 Kenya Kenya Fluorspar Co. Ltd Mining 50.0 1.3   Competitive Bid   M/s Minerals and Chemicals Manufacturers Ltd.
1996 Kenya Brollo Kenya Ltd Steel 10.0 0.6   Pre-emptive rights   Zambezi Establishment
1996 Kenya Ark Ltd. Tourism   0.1   MEBO   Utalii Staff Investments Co. Ltd
1996 Kenya Associated Vehicle Assemblers Vehicle Assembly 51.0 2.7   Pre-emptive rights   Kenya Motor Handling Co. Ltd., Marshalls (EA) Ltd
1996 Kenya Kenya Vehicle Manufacturers LTd Vehicle Assembly 35.0 2.9   Pre-emptive rights local investors Shareholders
1997 Kenya Rehabilitation Advisory Services Services 29.2 .. .. Liquidation Local investor  
1997 Kenya Utalii Investment Company Financial 100.0 .. .. Liquidation Local investor  
1997 Kenya Nyayo Bus Services Corporation Transport 100.0 .. .. .. Local investor  
1997 Kenya Mt. Kenya Textiles Limited Textiles 49.0 1.4 .. Direct sale Local investor Nyanza Spinning Weaving Mills
1997 Kenya Kenya National Properties Real estate 34.1 2.1 .. Direct sale Local investor ICDC Investment Company
1997 Kenya Polysynthetic E.A. Chemicals 30.0 0.9 .. Direct sale Local investor Hoechst E. A.
1997 Kenya Dawa Pharmaceuticals Pharmaceuticals 40.0 0.1 .. .. Local investor Other shareholders
1997 Kenya General Moters Automobiles 31.0 5.7 .. .. Local investor Other shareholders
1997 Kenya Minet-ICDC Insurance Brokers Limited Insurance 21.0 0.4 .. .. Local investor Other shareholders
1997 Kenya East Africa Industries (EAI) Industry 9.0 3.4 .. .. Local investor Other shareholders
1997 Kenya Eveready Batteries Kenya Limited ..- 4.0 0.4 .. .. Local investor Other shareholders
1997 Kenya Milimani Hotel Limited Hotel 49.1 1.4 .. .. Local investor Other shareholders
1997 Kenya Warehousing & Forwarding Company clearing and forwarding 25.0 0.0 .. .. Local investor Other shareholders
1997 Kenya Kenya National Shipping Lines Ltd Shipping 24.9   .. Direct sale Local investor Mediterranean Shipping Company
1997 Kenya Infusion Kenya Limited Pharmaceuticals 13.0 0.1 .. Direct sale Local investor Ever Investments Company
1997 Kenya Stanbic Kenya Limited Banking 17.0   .. Direct sale Local investor Sinclair (SBIC)
1997 Kenya Maralal Lodge Tourism ..   .. .. Local investor Other shareholders
1997 Kenya Kenya Vehicle Manufacturers Limited Automobiles 35.0 1.0 .. .. Local investor Other shareholders
1997 Kenya Mount Kenya Bottlers Limited Bottling ..   .. .. Local investor Other shareholders
1997 Kenya Kisii Bottlers Limited Bottling .. 0.4 .. .. Local investor Other shareholders
1997 Kenya Safari Lodges & Properties (K) Limited Tourism 33.0 2.9 .. Public floations Various investors Individuals and institutional investors
1997 Kenya Tourism Promotions Services Limited Tourism 11.0 0.8 .. Public floations Various investors Individuals and institutional investors
1997 Kenya Sunset Hotel Ltd Hotel 95.0 1.8 .. Bid Local investor Piedmont Investment limited
1997 Kenya Kibos Cotton Ginnery Hotel .. 0.1 .. Bid Local investor Salome Farmers Group
1997 Kenya Meru Mulika Lodge Ltd Hotel 91.7 0.4 .. Bid Local investor Block Hotels Limited
1997 Kenya Mt. Elgon Lodge Ltd Hotel 72.9 0.3 .. Bid Local investor Jayesh Auto Spares
1997 Kenya Homa Bay Hotel Ltd Hotel 99.3 0.3 .. Bid Local investor Piedmont Investment limited
1997 Kenya Marsabit Hotel Hotel .. 0.2 .. Bid Local investor Herola Investments
1998 Kenya Rift Valley Textiles (RIVATEX) Textile/ Industry 81.9 0.0   Liquidation Local investor  
1998 Kenya Marsabit Hotel Hotel and Tourism .. 0.2 0.2 Competitive bidding Foreign investor Herola Investments
1998 Kenya Kenya Commercial Bank Financial 25.0 29.4   Public Offer Various investors  
1998 Kenya African Tours & Hotels Limited Tourism 80.0 n.a.   Liquidation Local investor  
1998 Kenya Kenya Meat Commission (KMC) Meat processing ..     Liquidation Local investor  
1998 Kenya Mumais Sugar Corporation Agroindustry 70.0     Public Offer Various investors  
1998 Kenya Kenya Commercial Finance Corporation Banking 75.0     Public Offer Various investors Individual and other investors
1999 Kenya Kenya Housing Finance Manufacturing   6.6   Public offering    
1999 Kenya Private Cellular license Telecommunications   55.0 55.0 Trade sale or competitive sale Foreign Vivendi Telecom International - division of Vivendi of France