The Kenya Pipeline Company (KPC) plans to offer shares to its employees through an Employee Share Ownership Plan (ESOP) before its listing on the Nairobi Securities Exchange (NSE) in September.

• The government aims to divest 65 percent of its stake, reducing its shareholding to 35 percent, and expects to raise about Sh100 billion from the IPO.
• Treasury Cabinet Secretary John Mbadi stated the ESOP would boost staff participation in the company’s growth.
• The listing process is estimated to cost Sh100 million, which will be deducted from the IPO proceeds.