Inside Govt’s Plan to Raise Billions by Selling State Assets
This KPC IPO marks Kenya’s first state-led listing in 17 years, following the landmark Safaricom IPO in 2008, which remains one of Africa’s most successful public offerings...
✨ Key Highlights
Kenya has launched the Kenya Pipeline Company Limited (KPC) Initial Public Offering (IPO), aiming to raise Ksh106 billion. This marks the country's largest and first fully electronic public offer, with 65 per cent of KPC’s shares offered at Ksh 9 per share.
- The offer period runs from January 19 to February 19, 2026.
- The IPO is the first state-led listing in 17 years and will fund the National Infrastructure Fund.
- KPC reported revenues of Ksh38.6 billion and after-tax profits of Ksh10.37 billion for the financial year ending June 30, 2025.
- John Mbadi, Cabinet Secretary for the National Treasury, emphasized that this is asset optimization, not disposal, to reduce reliance on debt.
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Government Launches KPC IPO, Bans Use of Farmer Funds as Collateral, and Pushes JSS Transition - January 2026
The Kenyan government has announced several major national initiatives. It launched the Kenya Pipeline Company Limited (KPC) Initial Public Offering (IPO), aiming to raise Ksh106 billion by offering 65 per cent of KPC’s shares at Ksh 9 per share. To protect small-scale farmers from financial exploitation, the government has banned the use of farmers' funds as collateral for bank loans, a move addressing concerns raised by tea farmers regarding the Kenya Tea Development Agency (KTDA). In the education sector, a nationwide door-to-door campaign was launched to ensure all eligible learners transition to Junior Secondary School (JSS). This JSS initiative involves officials and administrators identifying absent learners and connecting families with support to overcome barriers.
