Kenya’s Privatization Commission has announced the approval of the Kenya Pipeline Company Limited’s privatization through an Initial Public Offering on the Nairobi Securities Exchange, following endorsement by the Cabinet and the National Assembly.
- •The transaction, expected to close by 31 March 2026, marks the first major state divestiture under the 2025/2026 privatization programme.
- •The Commission said the IPO will allow Kenyans to acquire shares in one of the country’s strategic enterprises while supporting the government’s plan to mobilize funds for the 2025/2026 budget.
- •It will also promote transparency, strengthen corporate governance through stock-exchange oversight, and enhance operational efficiency and innovation within the state-owned transporter.
The Privatization Commission has invited bids for transaction advisory services to guide the Kenya Pipeline Company’s listing.
The Commission plans to engage a full syndicate including a Lead Transaction Advisor, Sponsoring and Co-Sponsoring Stockbrokers, Reporting Accountant, Legal Advisor, Advertising Agent, Public Relations Consultant, Receiving Bank, and Registrar.
The move supports the National Treasury’s objective of raising non-tax revenue to ease fiscal pressures while deepening Kenya’s capital markets.
