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Originally published by Capital Businessbusiness
April 23, 2026
7h ago
Treasury revokes Kenya Pipeline Company’s SOE status after landmark IPO
National Treasury has revoked Kenya Pipeline Company’s SOE status following its IPO and NSE listing, marking a major shift to private-sector governance...
✨ Key Highlights
The National Treasury has officially revoked the State-Owned Enterprise (SOE) status of the Kenya Pipeline Company (KPC) following its recent privatization through a landmark IPO.
- 65 per cent of KPC's stake was sold to the public, with the government retaining a minority 35 per cent holding.
- The National Treasury, through the Cabinet Secretary, issued the revocation notice on April 22, 2026.
- This move transitions KPC to operate under private-sector governance, shifting from direct government control to capital markets regulations and shareholder oversight.
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