KPC entices staff with shares ahead of NSE listing
NAIROBI, Kenya, Aug 6 – Kenya Pipeline Company (KPC) employees will be offered a chance to buy shares in the state-run firm ahead of its planned listing Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
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Kenya's Government Financial Actions and Liquidations - August 2025
The Kenyan government has announced plans to raise KSh 100 billion by selling the Kenya Pipeline Company (KPC). Concurrent with this, KPC will offer shares to employees via an Employee Share Ownership Plan (ESOP) ahead of its Nairobi Securities Exchange (NSE) listing in September. Separately, the government has refused to reverse the liquidation of Moi University Savings and Credit Society (MUSCO), despite protests from members and local leaders.
