The Kenya Pipeline Company (KPC) initial public offer (IPO) has been oversubscribed, generating Sh106 billion for the State. This marks a significant divestiture for the government, nearly two decades after its last major sale of Safaricom in 2008.

• The IPO achieved a 105.7 percent subscription rate, with investors applying for 12.4 billion shares.
• The successful sale was announced by National Treasury Cabinet Secretary John Mbadi, who highlighted it as a demonstration of Kenya's mature economy.
• Local institutional investors, including the National Social Security Fund (NSSF), will now be the largest shareholders with a 41 percent stake, followed by the government with 35 percent. EAC investors hold 21.2 percent.

The Kenyan government has set a Sh100 billion minimum capital requirement for companies bidding to upgrade Jomo Kenyatta International Airport (JKIA).

• Bidders must demonstrate access to at least Sh100 billion in cash flow, not tied to assets or credit lines.
• The Transport Cabinet Secretary, Davis Chirchir, unveiled plans for a new terminal and modernized infrastructure.
• This upgrade follows the termination of a previous Sh238 billion agreement with Adani Group.

Absa Bank Kenya announced a 17 percent increase in its dividend payout to Sh2.05 per share, following a 10 percent surge in net profit to Sh22.9 billion for the year ending December 31, 2025.

• Net profit reached Sh22.9 billion.
• The bank, led by Managing Director and Chief Executive Officer Abdi Mohamed, is Absa Bank Kenya.
• Profit growth was driven by a 12 percent rise in non-interest income, despite a 6 percent dip in net interest income.

The Kenya Pipeline Company (KPC) Initial Public Offer (IPO) has successfully raised Sh106.29 billion, marking it as one of the largest public share sales in Kenya's history.

• The IPO was oversubscribed by 105.7 percent, with applications reaching 12.49 billion shares against the 11.81 billion offered.
• Treasury Principal Secretary Chris Kiptoo highlighted the strong investor confidence in the Kenyan capital markets.
• Proceeds will be channeled through the National Infrastructure Fund to finance strategic infrastructure projects, including highways and energy systems.