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Originally published by The Kenyan Wall Streetbusiness
October 23, 2025
1d ago
Kenya Pipeline Company Valued at KSh 102Bn by SIB
SIB values Kenya Pipeline Company at KSh 102B ahead of its March 2026 IPO, marking Kenya’s biggest State listing since Safaricom’s 2008 sale...
✨ Key Highlights
Standard Investment Bank (SIB) Research has valued the Kenya Pipeline Company (KPC) at approximately KSh 102 billion ahead of its planned listing on the Nairobi Securities Exchange (NSE) by March 2026. This valuation positions KPC as one of Kenya's most valuable State corporations.
- The Kenyan government plans to sell up to 65% of its stake, retaining a minimum of 35%.
- KPC closed its 2023/24 financial year with total equity of KSh 89 billion and a net profit of KSh 6.9 billion.
- If listed at SIB’s fair value, KPC would become the ninth most valuable company on the NSE.
- This will be the first major State listing since the Safaricom IPO in 2008, with proposals for transaction advisers due by October 21, 2025.
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