Kenya’s state-owned pipeline company, which is preparing an initial public offering, plans to diversify as it targets double-digit growth in earnings.
The firm plans to set up a bio-refinery at Kenya Petroleum Refineries Ltd., which previously produced gasoline and diesel, Kenya Pipeline Co. Managing Director Joe Sang said. It also intends to establish a trading hub at the premises of the refinery, in addition to expanding the company’s fiber-optic network.