Govt raises Sh106.28bn from oversubscribed KPC IPO
The IPO offered 11.81 billion shares at Sh9 each, and the positive response from investors pushed total applications to 12.49 billion shares, giving the IPO a subscription rate of 105.7 percent. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenya Pipeline Company (KPC) Initial Public Offer (IPO) has successfully raised Sh106.29 billion, marking it as one of the largest public share sales in Kenya's history.
- The IPO was oversubscribed by 105.7 percent, with applications reaching 12.49 billion shares against the 11.81 billion offered.
- Treasury Principal Secretary Chris Kiptoo highlighted the strong investor confidence in the Kenyan capital markets.
- Proceeds will be channeled through the National Infrastructure Fund to finance strategic infrastructure projects, including highways and energy systems.
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Kenya Pipeline IPO Oversubscribed, Raises Sh106bn - March 2026
The Kenya Pipeline Company (KPC) Initial Public Offer has been oversubscribed, generating Sh106 billion for the State, marking it as one of the largest public share sales in Kenya's history. This represents a significant divestiture for the government, nearly two decades after its last major sale of Safaricom in 2008. Separately, Absa Bank Kenya announced a 17 percent increase in its dividend payout to Sh2.05 per share, following a 10 percent surge in net profit to Sh22.9 billion for the year ending December 31, 2025. The government has also set a Sh100 billion minimum capital requirement for companies bidding to upgrade Jomo Kenyatta International Airport (JKIA).
