RECEVER
| COMPANY | YEAR | METHOD OF PRIVATIZATION | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | |
| 1. | Kenya Electricity Generating Company | 2006 | IPO | 100 | 70 | Energy |
| 2. | Telkom Kenya | 2007 | Strategic Sale | 100 | 49 | Telecommunication |
| 3. | Kenya Railways Corporation | 2006 | Concessioning | 100 | 100 | Transport |
| 4. | Mumias Sugar Company 2nd Offer | 2006 | IPO | 38.4 | 20 | Manufacturing |
| 5. | Safaricom | 2008 | IPO | 60 | 35 | Telecommunication |
| 6. | Kenya Reinsurance Corporation | 2007 | IPO | 100 | 60 | Insurance |
B. RECEIVERSHIPS
| COMPANY | YEAR | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1. | Nairobi Oil Products Ltd | 1992 | 29 | 0 | Oil Recycling | Various Individuals | 8,750,000 |
| 2. | Tiger Shoes Ltd | 1993 | 16.7 | 0 | Leather | Lento Agencies Ltd | 9,000,000 |
| 3. | Yuken Textiles Ltd | 1993 | 100 | 0 | Textile | Yuken Mills Ltd | 14,000,000 |
| 4. | Sirikwa Hotel Ltd | 1993 | 21 | 0 | Tourism | Akamba Invest. Ltd | 70,000,000 |
| 5. | Kenya Drilling Co. ltd | 1993 | 100 | 0 | Services | Kentco Taxis Ltd | 21,700,000 |
| 6. | Kisumu Cotton Mills Ltd | 1993 | 80 | 0 | Textiles | Caneland Ltd | 174,961,000 |
| 7. | Seracoating Kenya Ltd | 1994 | 34 | 0 | Plastic | Local shareholders | 82,000,000 |
| 8. | Pan Vegetable Processors Ltd | 1993 | 100 | 0 | Agri-Processing | Homegrown (K) Ltd | 95,000,000 |
| 9. | Kenya Taitex Mills Ltd | 1995 | 81 | 0 | Textiles | Kifaru Mills Ltd | 81,000,000 |
| 10. | Kenya Furfural Co. Ltd | 1995 | 51 | 0 | Chemic al | Various Shareholders | 55,800,000 |
| 11. | Kenya Engineering Industries Ltd | 1995 | 50 | 0 | Engineering | Ashut Engineers Ltd | 52,505,555 |
| 12. | Synthetic Fibres Kenya Ltd | 1995 | 100 | 0 | Textile | Sunrise Textile Mills Ltd | 50,000,000 |
| 13. | East African Fine Spinners Ltd | 1995 | 74 | 0 | Textile | Bedi Invest. Ltd | 282,000,000 |
| 14. | Kenatco Taxis Ltd | 1996 | 100 | 0 | Transport | - | |
*This figure will increase by the value of Inventories.
C. PRE-EMPTIVE RIGHTS
| COMPANY | YEAR | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1. | Tea Hotel Kericho* | 1991 | 60 | 0 | Hotel & Tourism | Sololo Invest. Ltd | 15,000,000 |
| 2. | Highland Paper Mills Ltd | 1992 | 17 | 0 | Pulp & Paper | Shareholders | 875,000 |
| 3. | Y-Fashions | 1992 | 75 | 0 | Textiles | Shareholders | 4,000,000 |
| 4. | Panafric Hotel Ltd | 1993 | 31 | 0 | Hotel & Tourism | Sarova Hotels ltd | 63,855,000 |
| 5. | Robinson Baobab Hotel | 1993 | 10 | 0 | Hotel & Tourism | Robinson Hotels Intl | 50,234,274 |
| 6. | Avon Marketing Ltd | 1993 | 18 | 0 | Services | Existing Shareholders | 8,078,400 |
| 7. | Avon Rubber Co. ltd | 1993 | 20 | 0 | Rubber | Existing Shareholders | 11,949,470 |
| 8. | Avon Export Ltd | 1993 | 14 | 0 | Services | Existing Shareholders | 55,000 |
| 9. | Nestle Foods (K) Ltd | 1993 | 13 | 0 | Food & Beverages | Nestle S. A of Switzerland | 18,347,750 |
| 10. | Pollmans Tours & Safaris Ltd | 1993 | 49 | 0 | Tourism | Touristik Union Intl. | 25,024,895 |
| 11. | Salt Manufacturers Kenya Ltd | 1993 | 56 | 0 | Chemical | Saltec International | 43,922,724 |
| 12. | Kenchick | 1993 | 12 | 0 | Poultry | NAS Airport Services, Credit Finance Corp | 4,600,000 |
| 13. | Firestone (EA) Ltd | 1994 | 20 | 0 | Rubber | Sameer Invest. Ltd | 100,000,000 |
| 14. | Chloride Exide (K) Ltd | 1994 | 18 | 0 | Services | NAS Holdings Ltd | 5,154,125 |
| 15. | Associated Battery Manuf. Ltd | 1994 | 20 | 0 | Automobile | NAS Holdings Ltd | 28,141,200 |
| 16. | Kenya Fishnet Industries Ltd | 1994 | 43 | 0 | Textile | Afro Meat Co. Ltd | 2,418,750 |
| 17. | CPC Industrial Products Ltd | 1994 | 18 | 0 | Agri-Processing | CPC International | 29,523,530 |
| 18 | Kenya Cashewnuts Ltd | 1994 | 76 | 0 | Agri-Processing | Kilifi District | 78,023,446 |
| 19. | African Marine and General Engineering Co. Ltd | 1994 | 33 | 0 | Engineering | First Chartered Securities Ltd | 30,712,500 |
| 20. | Sanyo Armco Ltd | 1995 | 34 | 0 | Electronics | i)Former Employees ii)Sanyo Electric company of Japan | 2,251,080 |
| 21 | Booth Manufacturing (A) Ltd | 1995 | 29 | 0 | Engineering | Kenya Aluminum Industries Ltd | 9,993,060 |
| 22 | Wire Products Ltd | 1995 | 30 | 0 | Engineering | Industrial Promotion | 8,336,250 |
| Services | |||||||
| 23. | Carnaud Metal Box Ltd | 1995 | 19 | 0 | Packaging | C.M.B of UK | 39,188,000 |
| 24. | Kenya Bixa Ltd | 1995 | 51 | 0 | Food & Beverage | Kenya Plantations and Products | 35,598,000 |
| 25. | Sokoro Fireboard Ltd | 1995 | 26 | 0 | Timber | Other shareholders | 22,007,700 |
| 26. | Embu Hotel Limited | 1995 | 29 | 0 | Tourism | Other shareholders | 3,117,690 |
| 27. | Kenya Bowling Centres | 1995 | 26 | 0 | Entertainment | Other shareholders | 3,220,000 |
| 28 | Lion Hill Camp | 1995 | 30 | 0 | Hotel & Tourism | Sarova Hotels Ltd | 14,500,000 |
| 29 | Kenya Fruit Processors Ltd | 1995 | 35 | 0 | Agri-processing | Passi Limited | 8,545,000 |
| 30 | NAS Airport Services Ltd | 1995 | 27 | 0 | Services | Other shareholders | 62,920,000 |
| 31. | Elson Plastics | 1995 | 17 | 0 | Plastic | Other shareholders | |
| 32. | Associated Vehicle Assemblers | 1996 | 51 | 0 | Vehicle Assembly | Kenya Motor Handling Co. Ltd & Marshalls (EA) Ltd | 154,336,000* |
| 33. | Wananchi Sawmills Ltd | 1996 | 45 | 0 | Saw Milling | Other shareholders | 15,444,707 |
| 34. | Brollo Kenya Limited | 1996 | 10 | 0 | Steel Rolling | Zambezi Establishment | 35,666,631 |
| 35. | Kenya shipping Agency Limited | 1996 | 80 | 0 | Transport | Southern Credit Finance Limited | 38,416,000 |
| 36. | Kenya Industrial Plastic Ltd | 1996 | 33.3 | 0 | Plastic | Carmel Chemicals | 4,224,438* |
| 37. | Raymond Woolen Mills | 1996 | 11 | 0 | Textile | Other shareholders | 94,023,438 |
| 38. | Kenya National Properties | 1997 | 34.1 | 0 | Real Estate | ICDC Investment Co. | 124,850,000 |
| 39. | Polysynthetic E.A | 1997 | 30 | 0 | Chemical | Hoechst E.A | 50,289,030 |
| 40. | Dawa Pharmaceuticals | 1997 | 40 | 0 | Pharmaceuticals | Other shareholders | 4,988,282 |
| 41. | General Motors | 1997 | 51 | 20 | Motor Vehicle | Other shareholders | 333,492,750 |
| 42. | Minet –ICDC Insurance Brokers Ltd | 1997 | 47 | 26 | Insurance | Other shareholders | 21,275,880 |
| 43. | East African Industries (EAI) | 1997 | 29 | 20 | Other shareholders | 200,214,974.85 | |
| 44. | Eveready Batteries Kenya Ltd | 1997 | 24.87 | 20.87 | Battery | Other shareholders | 23,041,200 |
| 45. | Milimani Hotel Limited | 1997 | 49.12 | 0 | Hotel Industry | Other shareholders | 80,010,000 |
| 46. | Warehousing & Forwarding Company | 1997 | 25 | 0 | Clearing & Forwarding | Other shareholders | 2,437,360 |
| 47. | Kenya National Shipping Lines Ltd | 1997 | 70 | 45.12 | Shipping | Mediterranean Shipping Company | - |
| 48. | Infusion Kenya Limited | 1997 | 13 | 0 | Pharmaceutical | Ever Investment Co. | 8,000,000 |
| 49. | Stanbic Kenya Limited | 1997 | 40 | 23 | Banking | Sinclair (SBIC) | Share dilution |
| 50. | Maralal Lodge | 1997 | Tourism | Other Shareholders | - | ||
| 51. | Kenya Vehicle Manufacturers Ltd | 1997 | 35 | 0 | Automobile | Other Shareholders | 57,750,000 |
| 52. | Kisii Bottlers Limited | 1997 | 26.1 | Bottling | Other shareholders | 23,848,470 |
*Price still under negotiation (this is the offer price)
**Pre-programme transactions
D. PUBLIC FLOATATIONS
| COMPANY | YEAR | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1. | Bamburi Portland Cement Co. Ltd.** | 1991 | 26 | Mining | NSSF | - | |
| 2. | E.A. Oxygen Ltd | 1993 | 15 | 0 | Chemical | Various Investors | 42,472,080 |
| 3. | CMC Holdings | 1993 | 20 | 0 | Services/Vehicle Assembly | Various Investors | 20,074,810 |
| 4. | National Bank of Kenya | 1994 | (1st Issue – 100) | 42.5 | Banking | Individuals & Other Investors | 400,000,000 |
| 5. | Kenya National Capital Corporation | 1996 | 2nd Issue 0 42.5) | 22.5 | Banking | Individuals & other investors | 600,000,000 |
| 6. | Kenya Airways | 1996 | 100 (GOK) | 20 | Transport | Individuals & other investors | 2,643,750,000 + US$ 26 million |
| 7. | Kenya Airfreight Handling Co. Ltd# | ||||||
| 8. | Kenya Flamingo Airways Ltd# |
** Pre-programme Transactions
# Kenya Airways Subsidiaries
E. COMPETITIVE BIDDING
| COMPANY | YEAR | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1 | ESA Bookshop | 1993 | 49 | 0 | Services | Mr. N. M. Rajani | 75,000 |
| 2 | Mutuality Investment Trust (Golden Beach Hotel) | 1993 | 100 | 0 | Hotel & Tourism | - | - |
| 3 | African Diatomite Industries Ltd | 1993 | 100 | 0 | Mining | Crown Berger Kenya Ltd | 45,000,000 |
| 4 | Mepal Plastics Kenya Ltd | 1994 | 100 | 0 | Plastics | Minolta Limited | 17,000,000 |
| 5 | 1994 | 100 | 0 | Agro-Processing | Premier Flour Mills Ltd | 150,000,000 | |
| 6 | Hola Cotton Ginnery | 1995 | 100 | 0 | Textile | Malindi Cotton Ginneries Ltd | 10,000,000 |
| 7 | Salawa Cotton Ginnery | 1995 | 100 | 0 | Textile | Kerio Farms Ltd. | 10,000,000 |
| 8 | Mwea Cotton Ginnery | 1995 | 100 | 0 | Textile | Rift Valley Products Ltd. | 15,000,000 |
| 9 | Homa Bay Hotel Ltd | 1995 | 99 | 0 | Hotel & Tourism | Samvir Management Services Ltd | 22,000,000 |
| 10 | Golf Hotel | 1995 | 80 | 0 | Hotel & Tourism | Buvika Corporation Ltd | 70,000,000 |
| 11 | Meru Ginnery Ltd | 1995 | 49 | 0 | Textile | Mugongai Farmers Co. Ltd | 30,000,000 |
| 12 | Kenya Flourspar Co. Ltd | 1996 | 50 | 0 | Mining | M/s Minerals & Chemicals Manufacturer Ltd. (in Formation) | 72,500,000 |
| 13 | Sunset Hotel Ltd | 1996 | 95 | 0 | Hotel & Tourism | Travel Handling Services Ltd | 115,000,000 |
| 14 | Kibos Cotton Ginnery | 1996 | 0 | Cotton Ginning | Salome Farmers Group | 8,000,000 |
F. MANAGEMENT/EMPLOYEE BUYOUT
| COMPANY | YEAR | PUBLIC SHARE BEFORE (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1. | Ark Limited | 1996 | Tourism | Utalii Staff Investment Co. Ltd | 8,500,000 |
Price being negotiated
B. PARTIAL DIVESTITUTES
| COMPANY | YEAR | Method of Privatization | PUBLIC SHARE AFTER (%) | PUBLIC SHARE AFTER (%) | SECTOR | BUYER | PROCEED (Kshs) | |
| 1. | Kenya Commercial Bank Ltd** Kencom House Ltd#Kenya Commercial Finance Corporation#United Finance Company of Kenya#Notcutt Longaroni#Savings and Loan Kenya Ltd#Investment Promotion Services# | 1998/90/97/98 1998(GOK) | Public Floatation | 100 | 35 | Banking | Individual & other investors | 447,000,000+595,000,000+1,820,000,000 |
| 2. | Mt. Kenya Textile Mills | 1992 | Receivership | 100 | 48.5 | Textile | DFCK & DEG | Share dilution |
| 3. | Uchumi Supermarkets Ltd. | 1992(ICDC) | Public Floatation | 90 | 44 | Retail Trading | Individuals & other investors | 232,000,000 |
| 4. | General Motors (K) Ltd | 1992 (IDB) | Pre-emptive rights | 51 | 46.5 | Vehicle assembly | ITOH & ICDC Investment | Share dilution |
| 5. | Housing Finance Company of Kenya | 1992 (GOK) | Public Floatation | 50 | 30 | Housing Finance | Individual & Other investors | 126,000,000 |
** Pre-programme transaction
# Subsidiaries and Associated Companies
TEA FACTORIES
Divestiture of 39 Tea Factories owned by KTDA has been completed in addition to the enterprises listed above.
KEY
KTDC – Kenya Tourist Development Corporation
ICDC – Industrial Commercial Development Corporation
IDB – Industrial Development Bank
KTDA – Kenya Tea Development Authority
GOK – Government of Kenya
CBK – Cotton Board of Kenya
KNTC – Kenya National Trading Corporation
NCPB – National Cereals & Produce Board
KCB – Kenya Commercial Bank