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HomeDaily NewsMonday, January 19, 2026KPC Launches IPO at NSE as KTDA Appoints New Acting CEO and Safaricom Comments on Share Sale - January 2026
Business & Economy3 stories from 1 sources

KPC Launches IPO at NSE as KTDA Appoints New Acting CEO and Safaricom Comments on Share Sale - January 2026

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has officially launched at the Nairobi Securities Exchange (NSE), a move aimed at increasing public ownership of strategic national assets. This initiative is part of government efforts to deepen capital markets. In corporate leadership, the Kenya Tea Development Agency (KTDA) Holdings Ltd has appointed Eng. Francis Miano as its Acting Group Chief Executive Officer, effective January 16, 2026, following the departure of Wilson Muthaura. Additionally, Safaricom has assured Kenyans that its ownership and operations will remain unchanged despite a proposed share sale. The company clarified that changes in shareholding will not affect its governance or regulatory oversight.

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Monday 4:20 PMCapital Business

KTDA names new acting CEO as Wilson Muthaura exits office

KTDA names new acting CEO as Wilson Muthaura exits office

Kenya Tea Development Agency (KTDA) Holdings Ltd has appointed Eng. Francis Miano as its Acting Group Chief Executive Officer, effective January 16, 2026, following the departure of Wilson Muthaura.

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Key Highlights

Kenya Tea Development Agency (KTDA) Holdings Ltd has appointed Eng. Francis Miano as its Acting Group Chief Executive Officer, effective January 16, 2026, following the departure of Wilson Muthaura.

  • Eng. Miano brings over 30 years of executive experience and previously headed KTDA’s Group Technical Services Division.
  • The leadership change occurred as Mr. Muthaura proceeded on terminal leave, concluding his tenure.
  • KTDA manages tea production and marketing for more than 600,000 smallholder farmers, making this a significant transition for Kenya’s tea sector.
Monday 2:13 PMCapital BusinessFirst

KPC IPO begins trading at NSE

KPC IPO begins trading at NSE

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has officially launched at the Nairobi Securities Exchange (NSE), marking a significant step in the Kenyan government's efforts to deepen capital markets and increase public ownership of strategic national assets. This move aims to strengthen local markets, improve corporate governance in state-owned enterprises, and allow Kenyans to invest directly in public assets.

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Key Highlights

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has officially launched at the Nairobi Securities Exchange (NSE), marking a significant step in the Kenyan government's efforts to deepen capital markets and increase public ownership of strategic national assets. This move aims to strengthen local markets, improve corporate governance in state-owned enterprises, and allow Kenyans to invest directly in public assets.

  • The KPC IPO was launched by Treasury Cabinet Secretary John Mbadi on January 19.
  • The listing is expected to enhance market liquidity, broaden the investor base, and provide long-term funding for Kenya’s fuel transportation infrastructure.
  • KPC operates an extensive pipeline network for petroleum products across the country and the East African region.
  • NSE officials and market analysts anticipate strong investor interest, potentially paving the way for further listings of state-owned firms and revitalizing the bourse.
Monday 8:28 PMCapital Business

Safaricom assures Kenyans ownership, operations unchanged despite share sale

Safaricom assures Kenyans ownership, operations unchanged despite share sale

Safaricom has assured Kenyans that its ownership and operations will remain unchanged despite a proposed share sale. The company clarified that changes in shareholding will not affect its governance or regulatory oversight.

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Key Highlights

Safaricom has assured Kenyans that its ownership and operations will remain unchanged despite a proposed share sale. The company clarified that changes in shareholding will not affect its governance or regulatory oversight.

  • Safaricom CEO Peter Ndegwa stated that the proposed transaction does not alter Safaricom’s governance structure, regulatory environment, or national jurisdiction.
  • The telecommunications firm will continue to operate fully under Kenyan law and remain licensed, supervised, and regulated by Kenyan authorities.
  • Vodacom is described not as a new investor, but as a long-standing strategic partner whose increased shareholding aims to strengthen long-term investment.
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