The Kenya Pipeline Company (KPC) is set for privatization through an Initial Public Offering (IPO) on the Nairobi Securities Exchange by March 31, 2026. This move aims to allow public share ownership, raise funds for the 2025/2026 budget, and enhance the company's transparency and efficiency.

• The Privatization Commission approved the IPO, following endorsements from the Cabinet and the National Assembly.
• This marks the first major state divestiture under the 2025/2026 privatization programme.
• The Commission has invited bids for transaction advisory services, seeking a full syndicate for the listing process.

The Privatization Commission officially announced the Kenyan government's plan to sell a 65 percent stake in the Kenya Pipeline Company (KPC), following approvals from the National Assembly, National Treasury, and the Cabinet.

• The government projects to raise approximately Sh100 billion from the sale.
• The Privatization Commission stated the sale aims to empower ordinary Kenyans with ownership, promote economic growth, and strengthen transparency.
• The government will retain a 35 percent shareholding in KPC, with the divested stake offered to the public via a stock market listing.

Kenya's Parliament has passed the Virtual Asset Service Providers Bill, 2025, establishing the country’s first comprehensive regulatory framework for cryptocurrency businesses. This landmark legislation aims to license and supervise crypto operations while avoiding the creation of a new, standalone regulatory body and integrating supervision under existing institutions.

• The bill guts a controversial provision that would have given a Binance-linked lobby group a seat on the national regulator, placing supervision under Central Bank of Kenya (CBK) and Capital Markets Authority (CMA).
• All licensed virtual-asset providers must maintain a physical office in the country and appoint a board of at least three natural-person directors to curb shell operations.
• Violations can lead to fines of up to KSh 25 million or five years in prison, with existing operators having a 12-month grace period to comply.