Kengen to Sell 5% Stake to South African Pension Fund

Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public Investment Corporation SOC Ltd, the Fund’s manager, in which the South African pension scheme will acquire “351,210,589 ordinary shares in KenGen at ...