President William Ruto has revealed that the government is planning to list shares of the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange by September 2025 Ruto revealed that the structuring of the initial public offering (IPO) was being finalised by the Privatisation Commission before being presented to the Cabinet and Parliament for approval.
According to the president, the listing of KPC through an IPO is part of the strategy to privatise state-owned enterprises and attract both domestic and international investment. "While other nations in the region have moved boldly and strategically to divest and reinvigorate their economies, Kenya has not undertaken a single privatisation in over a decade." A picture of a Kenya Pipeline Company employee, March 2024.
Photo KPC "There is compelling evidence that privatisation is necessary to eliminate inefficiencies and raise the standards of governance in our public enterprises," Ruto said.
He explained that letting the public invest in KPC would help the company raise funds for regional expansion and diversification into products like LPG.
