Safaricom Defends Ethiopia Strategy as Share Sale Pricing Remains Sticky Point
Lawmakers and several stakeholders have questioned why the shares were not offered to the wider public, arguing that an open market process could have allowed Kenyans to participate
Kenya Pipeline's KSh 106.3Bn Privatization to Support National Budget
The Kenyan government plans to raise KSh 106.3 billion from the sale of a 65% stake in Kenya Pipeline Company, positioning the IPO as a key source of non-debt financing for the FY2025/26 budget. The proceeds will accrue to the National Treasury as Kenya faces a projected budget deficit of about KSh 923 billion, delayed IMF support, and rising borrowing needs. The transaction forms part of a broader shift toward asset sales to support development spending while containing debt growth.
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 TreasuryExclusive: Inside Kenya Pipeline's KSh 163 Billion IPO
Kenya is preparing to launch the long-awaited Kenya Pipeline Company (KPC) IPO, a KES 100 billion deal expected to reshape the Nairobi Securities Exchange (NSE).
Leasing Plan Looms for New KCC after KSh 6 billion in Costly State Support
Kenya has outlined a plan to lease New KCC to private operators if the latest KSh 2 billion bailout does not yield positive results.Parliament Opens Hearings on Safaricom Share Sale Plan
Parliament will begin stakeholder hearings on the government’s plan to partially divest its shareholding in Safaricom PLC
