The Kenya Pipeline Company (KPC) initial public offering (IPO) has been extended by three days to February 24, 2026, as the state-owned firm struggles to reach its Sh106.3 billion sales target due to low uptake among high-net worth investors.

• The Capital Markets Authority (CMA) approved the extension after only 20 percent, or approximately Sh23 billion, of the offer had been sold by Tuesday.
• The Privatization Authority stated the extension aims for broader participation as the government seeks to raise at least Sh53.1 billion, representing 50 percent of the offer shares, for the IPO to proceed.
• The sale of a 65 percent stake in KPC is part of the Treasury's drive to divest from State companies, with shares priced at Sh9 each and scheduled to trade on the Nairobi bourse from March 9.

Varun Beverages, a major PepsiCo bottler, is setting up a manufacturing plant in Kenya, with construction slated for completion by Q4 2027. This move is part of the company's expansion into the Kenyan market, aiming to boost local production and investment.

• The new plant is projected to have a production capacity of between 12 and 15 million cases.
• Varun Beverages will operate through its local subsidiary, VBL Industries (Kenya), which will handle manufacturing, distribution, and sales of brands like Pepsi and 7UP.
• President William Ruto met with PepsiCo executives in 2023 to discuss establishing the facility, highlighting efforts to attract foreign direct investment.