MPs Approve Kenya Pipeline’s KSh 100bn Privatization

The National Assembly has approved the privatization of the Kenya Pipeline Company (KPC), paving the way for what could be Nairobi's largest initial public offering in over two decades. The government plans to sell up to 65% of its stake in the strategic petroleum transporter, aiming to raise approximately KSh 100 billion.

MPs approve Kenya Pipeline privatization plan seeking to raise Sh100bn

The National Assembly has approved the Kenyan government's plan to privatize the Kenya Pipeline Company (KPC), allowing for the divestment of 65 percent of its shareholding to private investors. This move, which comes after prior approval from the Cabinet in July, aims to raise approximately Sh100 billion to address budget shortfalls.

Kenya Pipeline Company presentation during the Nation Petroleum Summit

Kenyans to Own Shares in Kenya Pipeline as Govt Moves to Privatise Firm

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.