The Kenya Pipeline Company (KPC) plans to offer shares to its employees through an Employee Share Ownership Plan (ESOP) before its listing on the Nairobi Securities Exchange (NSE) in September.

• The government aims to divest 65 percent of its stake, reducing its shareholding to 35 percent, and expects to raise about Sh100 billion from the IPO.
• Treasury Cabinet Secretary John Mbadi stated the ESOP would boost staff participation in the company’s growth.
• The listing process is estimated to cost Sh100 million, which will be deducted from the IPO proceeds.

The Kenyan government has definitively ruled out reversing the liquidation of Moi University Savings and Credit Society (MUSCO), despite protests from its members and local leaders.

• Cooperative and MSME Development Cabinet Secretary Wycliffe Oparanya stated that current legal frameworks do not allow for the reinstatement of a cooperative society once its registration is cancelled and no appeal is made within 30 days.
• MUSCO's license was revoked in 2018 after accumulating a debt exceeding Sh1 billion due to mismanagement and non-performing loans.
• The Ministry is developing a framework to engage MUSCO members and other stakeholders to find solutions for their welfare, including appointing a new liquidator and fast-tracking audits.