Treasury Issues Update on Kenya Pipeline Status After Privatisation
The KPC IPO has faced sharp criticisms, with the country being bound in a "wait-and-see" game to see if the divestiture will yield fruits or not...
✨ Key Highlights
The National Treasury has officially removed the Kenya Pipeline Company (KPC) from its list of state entities following the completion of its Initial Public Offering (IPO).
- The government has sold a 65 per cent stake in KPC through an IPO on the Nairobi Securities Exchange (NSE).
- Cabinet Secretary for the National Treasury, John Mbadi, signed the legal notice on April 22, 2026, revoking KPC's designation.
- KPC will now operate under new governance and accountability structures, no longer falling under the financial oversight framework for state organs.
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Treasury Issues Update on Kenya Pipeline Status After Privatisation - April 2026
The National Treasury has officially removed the Kenya Pipeline Company (KPC) from its list of state entities following the completion of its Initial Public Offering (IPO), marking a significant milestone in Kenya's privatisation efforts. The Treasury had previously received Ksh103 billion from the partial sale of KPC. Meanwhile, the Controller of Budget, Dr Margaret Nyakango, issued a strong warning that the proposed Sovereign Wealth Fund (SWF) Bill, 2026, could allow significant revenues to bypass the Consolidated Fund, potentially violating the Constitution. Separately, the National Treasury invited Kenyans to submit their ideas for the 2026/27 Budget Statement, set to be presented to Parliament on June 11, 2026, with public consultation focused on economic policy, expenditure priorities, and tax measures.
