The National Treasury of Kenya plans to sell a 65 percent stake in the Kenya Pipeline Company (KPC) through an Initial Public Offering (IPO) at the Nairobi Securities Exchange by September 2025. This move is part of President William Ruto’s privatization plan, aiming to quadruple earnings from KPC post-listing.

• The government expects to earn at least Sh12 billion annually from KPC post-listing.
• The key organization involved is the Kenya Pipeline Company (KPC), a strategic energy parastatal.
• This IPO will be the first major state-owned firm to list under the new Privatisation Act, 2023, with the 65 percent float significantly exceeding the NSE’s 20 percent minimum threshold.