K
Originally published by Kenyanstop
October 9, 2025
3h ago
Kenyans to Own Shares in Kenya Pipeline as Govt Moves to Privatise Firm
The government plans to reduce its stake to 35 per cent, selling off the remaining at around Ksh120 billion...
✨ Key Highlights
The Kenyan government has approved the privatisation of the Kenya Pipeline Company (KPC), allowing Kenyans to purchase shares through an Initial Public Offer (IPO) on the Nairobi Securities Exchange (NSE). This move aims to raise revenue and attract private sector investment. The process is expected to be completed by March 31, 2026.
- The government plans to reduce its stake in KPC from 99.9 per cent to 35 per cent, selling 65 per cent of shares valued at approximately Ksh120 billion.
- The Privatisation Commission, led by chairperson Faisal Abass, outlined objectives including improving operational efficiency, enhancing corporate governance, and funding the 2025/2026 national budget.
- The Treasury Cabinet Secretary John Mbadi past statements indicate the government expects to raise Ksh149 billion from the privatisation of state companies.
Continue Reading
Read the complete article from Kenyans
