Kenya Pipeline IPO Prices At KSh 9 per Share, Valuing State Fuel Transporter At KSh 163.6 Billion
Kenya Pipeline Company has priced its IPO at KSh 9.00 per share, implying an equity valuation of about KSh 163.6 billion ahead of its planned NSE listing in March. The pricing is anchored on an earnings-based approach, using an implied EV/EBITDA multiple of 8.1x applied to FY2025 EBITDA of KSh 18.59 billion, translating to an enterprise value of about KSh 150.6 billion. The government is selling a 65% stake, with gross proceeds of roughly KSh 106.3 billion accruing to the National Treasury
Fuel Price Cuts Offer Some Relief to Motorists, Households
Kenya's energy regulator has announced price cuts for Super Petrol, Diesel and Kerosene by KSh2.00, KSh1.00 and KSh1.00 per litre respectively,
Africa’s Upstream Momentum Building Up, but Investment Discipline Remains Elusive
As encouraging as the upstream outlook is, Africa’s geology remains complex, and that complexity can shape how and where companies invest.
Parliament's Tight Deadline to Approve Turkana Oil Plan
Parliament is racing against a February 24th deadline to review the South Lokichar Basin’s oil development plan, a high-stakes project that could unlock hundreds of millions of barrels of recoverable crude oil.Ghana Settles US$1.5bn in Energy Sector Debts
The Government of Ghana settled a total of US$1.47bn in energy sector debts which it said posed "one of the gravest risks to Ghana’s financial stability."
Afreximbank to Fund Levene Energy's Acquisition of a Minority Stake in Nigeria's Axxela Limited
The US$64mn facility will support Levene Energy's acquisition of a 30% equity stake in Axxela Limited, one of West Africa’s leading gas and power infrastructure companies.Data Centers Could Be the Spark Africa’s Power Sector Needs
Building and provisioning local data centers is a powerful step toward solving some of the pressing problems in any nation: improving infrastructure, growing the economy, and strengthening national security.EPRA Extends Fuel Price Freeze Into January Despite Mixed Import Cost Moves
Kenya’s fuel prices remained unchanged for a fourth consecutive pricing cycle after EPRA retained pump prices for the period from 15 December 2025 to 14 January 2026. Super petrol stayed at KSh 183.58 per litre, diesel at KSh 171.57 and kerosene at KSh 154.23, despite mixed movements in import costs. EPRA data shows petrol landed costs fell 4.25% in November, while diesel and kerosene rose by 3.02% and 5.52% respectively, with limited pass-through under the pricing formula.Thermal Electricity Output Jumps 36% to Fill Supply Gap From Low Hydro
Kenya’s electricity output rose 5.8% in Jan–Sept 2025 to 9,878 GWh as geothermal growth offset weaker hydro. Thermal jumped 36% on low inflows, while wind and solar posted modest gains. September generation increased 5% YoY to 1,098 GWh. Renewables still supplied more than 86% of total output as the grid relied on geothermal and thermal to meet rising demand and new peak-load records.Africa’s Demand for Refined Fuel to Surge into 2050
Africa's oil demand will continue growing to 2050 and beyond, fueled by population growth, industrialization, and urbanization.Kenya Grants Gulf Energy Incentives, Tax Exemptions, to Hasten Turkana Oil Plan
Kenya has granted tax and duty exemptions to Gulf Energy E&P B.V. under a newly signed addendum restructuring the production-sharing contract for Turkana’s Block T7.KenGen To Lead, Operationalize Kenya's First Nuclear Plant
Kenya has assigned the Kenya Electricity Generating Company (KenGen) to operate the country’s first nuclear power plant, accelerating an ambitious plan to add up to 10 gigawatts of electricity
