US EditionKenya Launches State Oil Pipeline Firm Ipo, Looks to Raise $825 Million
The IPO aims to mobilize domestic capital, improve transparency, and allow citizens to buy shares in a key national fuel infrastructure company, officials said.
- At the Nairobi Securities Exchange on Jan. 19, Mbadi launched the Kenya Pipeline Company IPO, offering a 50% stake to raise 106.3 billion shillings, with trading starting March 9.
- As part of a broader divestment push, President William Ruto is selling Kenya Pipeline Company shares to broaden public ownership and address heavy debt burdens amid limited financing options.
- Priced at nine shillings per share, the offering implies a Kes 163.6 billion valuation and allocates 15% to oil marketing companies, 5% to KPC employees, with the rest divided among local retail, local institutional, East African and foreign investors, while the government retains 35%.
- Market watchers expect strong retail and institutional demand, with Mbadi saying the listing will boost liquidity, widen the investor base, and provide long-term funding for fuel infrastructure.
- Regional strategic interest is evident, with Uganda signalling plans to invest using a proposed $2 billion loan backed by Vitol, while regulatory and parliamentary authorities review the deal amid opposition leaders' legal threats and the Safaricom sale to Vodacom for $1.6 billion with Faida advising.
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14 Articles
Kenya launches $824M pipeline IPO amid transparency fears
The NewsKenya launched the privatization of the state-run petroleum transporter Kenya Pipeline Company on Monday as the government offloads valuable assets to fund infrastructure projects, but legal challenges threaten the plan.The government aims to raise $824 million from an initial public offering, selling a 65% stake of KPC in Kenya’s first IPO since 2015, channeling part of the proceeds toward a new fund for the construction of roads, moder…
Kenya: CS Mbadi Opens Kenya Pipeline Company IPO At NSE to Boost Capital Markets
Nairobi -- Treasury Cabinet Secretary John Mbadi has officially launched the Kenya Pipeline Company (KPC) Initial Public Offering (IPO) at the Nairobi Securities Exchange (NSE), marking a major milestone in the government's push to deepen Kenya's capital markets and expand public ownership of strategic national assets.
Kenya Pipeline Company launches IPO, opens 60% stake to public
Kenya Pipeline Company (KPC) has launched its initial public offering (IPO), offloading a 60 percent stake to the public in a transaction expected to raise Sh106.3 billion if fully subscribed. The sale of KPC ordinary shares, priced at Sh9 each, not only puts the current value of the pipeline firm at Sh163.56 billion but also
Kenya Launches Historic $824M E‑IPO of Kenya Pipeline Company
Kenya has opened the privatization of its state‑run petroleum transporter, Kenya Pipeline Company (KPC), through a landmark Initial Public Offering (IPO) expected to raise $824 million. The transaction marks the country’s first large‑scale Electronic IPO (E‑IPO) and is being positioned as a once‑in‑a‑generation listing designed to revive retail participation, deepen market liquidity, and broaden citizen [...] The post Kenya Launches Historic $82…
Kenya Pipeline Company, Kenya's national pipeline oil company, has started a listing process on the Nairobi Stock Exchange (NSE). On Monday, January 19, the company opened the sale of a 65% stake hoping to raise 106.3 billion shillings (824.67 million dollars). Approved by the Capital Markets Authority...
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