Kenya Pipeline IPO extended as it struggles to hit sale target
Brokers indicated that only 20pc of the offer had been sold by Tuesday...
✨ Key Highlights
The Kenya Pipeline Company (KPC) initial public offering (IPO) has been extended by three days to February 24, 2026, as the state-owned firm struggles to reach its Sh106.3 billion sales target due to low uptake among high-net worth investors.
- The Capital Markets Authority (CMA) approved the extension after only 20 percent, or approximately Sh23 billion, of the offer had been sold by Tuesday.
- The Privatization Authority stated the extension aims for broader participation as the government seeks to raise at least Sh53.1 billion, representing 50 percent of the offer shares, for the IPO to proceed.
- The sale of a 65 percent stake in KPC is part of the Treasury's drive to divest from State companies, with shares priced at Sh9 each and scheduled to trade on the Nairobi bourse from March 9.
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Airtel Partners with Starlink, Pepsi Bottler to Build Plant, and KPC IPO is Extended in Kenya - February 2026
Varun Beverages, a major PepsiCo bottler, is setting up a manufacturing plant in Kenya, with construction slated for completion by Q4 2027. In the telecommunications sector, Airtel Africa is partnering with Starlink to significantly expand internet access in underserved areas across Airtel's 14 markets, including Kenya, by leveraging satellite technology. This collaboration aims to overcome backhaul infrastructure challenges hindering rural network expansion. Concurrently, the Kenya Pipeline Company (KPC) initial public offering (IPO) has been extended by three days to February 24, 2026. The extension was necessary as the state-owned firm struggles to reach its Sh106.3 billion sales target due to low uptake among high-net worth investors.
