KPC Lists 6th on NSE With Only 2.6% in Retail Hands
Kenya Pipeline Company lists on the Nairobi Securities Exchange as the sixth most valuable stock on the exchange at KSh163.6Bn, the only infrastructure company in a top ten dominated by banks. Despite a 65% headline free float, institutions and sovereign funds control 97% of the shares sold, leaving just 2.6% of the company in retail hands. Uganda, Rwanda and Kenya's NSSF anchored the offer as 70,000 retail investors, against a government target of two million, will effectively set the opening price for a KSh163.6Bn company.
Rockefeller Foundation Commits US$ 10Mn to Expand Electricity Access in Africa
The Rockefeller Foundation has pledged US$ 10 million to support efforts to expand electricity access in Africa under the Mission 300 initiative led by the World Bank and African Development Bank, which aims to connect 300 million people to power by 2030.
Kenya Ups Special Projects Budget as Floods, Drought Compound Crises
The flooding compounds an already critical situation in drought-affected areas, where more than 3 million people face hunger, which has escalated the need for rapid, large-scale interventionKenya Pipeline IPO Clears as Retail, Oil Marketers, and Foreign Demand Falls Short
Kenya Pipeline Company’s KSh106.3Bn IPO closed oversubscribed but the final allocation showed strong institutional dominance. Kenyan institutions and East African investors absorbed most of the shares, while retail investors, oil marketing companies and foreign investors missed their quotas. The offer attracted about 70,000 retail investors against a target of two million. Uganda, through the Uganda National Oil Company, and Kenya’s NSSF emerged as key anchor investors in the transaction.Counties Push for 42% Share Of Road Maintenance Levy
County governors are pressing the Senate to sharply increase their share of the fuel levy, seeking 42% of the Roads Maintenance Levy Fund (RMLF) compared with the 5% currently proposed.Kenya Revives JKIA Modernization Plans to Stay Ahead of Addis Ababa
A modernized JKIA could provide Kenya Airways and its partners with improved infrastructure to densify routes, reduce turnaround times, and attract additional transit traffic. Without comparable investment, Kenya risks ceding further ground to Addis Ababa as the region’s primary intercontinental gateway.Why the Strait of Hormuz is so Important for Global Trade
At its narrowest, the Strait of Hormuz is only about 33 kilometres wide — but it is the only maritime exit for the Persian Gulf's oil-producing nations: Saudi Arabia, Iraq, Kuwait, the UAE, Iran, and Qatar.The Legal Fault Lines That Could Crumble Kenya's Infrastructure Fund
Kenya’s plan to launch a KSh 5 trillion National Infrastructure Fund, billed as a self-sustaining engine to finance highways, railways and airports without leaning further on taxes or sovereign borrowing, could run into constitutional headwinds.SGR Push to Malaba Marks New Phase in East Africa's Rail Race
Kenya Courts IFC to Structure KShs 5 Trillion Infrastructure Fund
President William Ruto has held talks with the International Finance Corporation (IFC) on plans to establish a National Infrastructure Fund aimed at mobilizing up to KShs 5 trillion for priority projects. The proposed hybrid fund is expected to attract multilateral and private sector capital to finance roads, energy, irrigation and transport, while easing pressure on public debt.Kenya Pipeline Extends IPO Bank Guarantee Deadline
Kenya Pipeline Company has revised settlement terms for investors using Irrevocable Bank Guarantees in its IPO, extending the final payment deadline to March 6, 2026 from March 5 after approval by the Capital Markets Authority. The update, issued on February 18, comes a day before the offer closes and lengthens the bank settlement window to 48 hours while tightening assignment rules on guarantees. The company said the changes affect only post-allocation payment mechanics and leave pricing, offer size, and other IPO terms unchanged.Kenya Unveils KSh 80Bn Deal to Elevate Nairobi City
The Nairobi City County Government and the National Government of Kenya have formalised a financing framework to accelerate infrastructure upgrades in the capital
