Kenya Plans Privatization of KPC and Passes New Cryptocurrency Law - October 2025

The Kenyan government plans to sell a 65 percent stake in the Kenya Pipeline Company (KPC), with the Privatization Commission issuing an official notice following approvals from the National Assembly, Treasury, and the Cabinet. The company is set for privatization through an Initial Public Offering (IPO) on the Nairobi Securities Exchange by March 31, 2026. This move is intended to allow public share ownership and raise funds for the 2025/2026 budget. Separately, Kenya's Parliament passed the Virtual Asset Service Providers Bill, 2025. This landmark legislation establishes the country's first comprehensive regulatory framework for cryptocurrency businesses. The law aims to license and supervise crypto operations by integrating them under existing institutions, rather than creating a new regulatory body.