Govt Raises Ksh106.7 Billion From KPC Sale, Reveals New Ownership Structure
Uganda and Rwanda, as well as local investors, were among some of the largest investors who purchased the 12 billion shares...
✨ Key Highlights
The Kenyan government has successfully raised Ksh106.7 billion from the Kenya Pipeline Company (KPC) Initial Public Offer (IPO), with regional neighbours, notably Uganda and Rwanda, acquiring a significant portion of shares.
- The IPO saw the sale of 7.9 billion shares, generating Ksh106.7 billion for the government.
- Treasury Cabinet Secretary John Mbadi announced the results, highlighting strong participation from local investors and neighbouring East African countries.
- Uganda and Rwanda collectively purchased 3.8 billion shares, representing 21% of the total offering, with Rwanda utilizing its pension funds for the investment.
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Police Constables Set to Receive Up to Sh18,000 Monthly Raise From July - March 2026
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