Treasury Receives Ksh 103B From KPC Sale
The handover came hours after the treasury officially stripped KPC of its status as a state entity after the conclusion of the partial sale...
✨ Key Highlights
The National Treasury has officially received Ksh103 billion, the proceeds from the partial sale of the Kenya Pipeline Company (KPC). This handover marks a significant milestone in Kenya's privatisation efforts.
- The total proceeds received amount to Ksh103 billion.
- The funds were formally handed over by the Privatisation Authority of Kenya's board to Treasury Cabinet Secretary John Mbadi.
- This transaction involved Kenya's first-ever electronic Initial Public Offering (eIPO), with the government selling a 65 per cent stake in KPC.
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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.
