Nairobi, Kenya – January 19, 2026 – In a groundbreaking move, Kenya today launched the Kenya Pipeline Company (KPC) e-IPO at the Nairobi Securities Exchange (NSE), marking the bourse’s first-ever fully electronic initial public offering and the largest in its history.
The National Treasury, led by Cabinet Secretary Hon. John Mbadi, officiated the high-profile ceremony attended by government officials, regulators, and market leaders. The offering puts 65% of KPC’s 11.8 billion ordinary shares on the market at KES 9 per share, opening ownership of this vital energy infrastructure to local, regional, and international investors.
KPC operates over 1,300 kilometers of petroleum pipelines and storage facilities, playing a pivotal role in Kenya’s energy security and regional trade. The company posted impressive KES 38.6 billion in revenue and KES 10.37 billion in after-tax profits for the year ended June 2025, making it one of Kenya’s most profitable state enterprises.
“This IPO transforms a state-owned entity into a people-owned company,” said Hon. John Mbadi. “We’re giving Kenyans and global investors the chance to co-own one of our most strategic national assets while deepening our capital markets.”
The offer includes a 5% Employee Share Ownership Plan (ESOP) reserved for KPC staff, aligning employee interests with long-term growth.
Privatization Authority Chairman Faisal Abass hailed the transaction as a model for transparent reform: “By using digital platforms, we’re ensuring broad access, strong governance, and lasting value for investors and the economy.”
Key IPO Details:
– **Offer Period: January 19 to February 19, 2026
– Listing Date: March 9, 2026
– Eligible Investors: Kenyan retail and institutional, EAC citizens, oil marketing companies, KPC employees, and qualified international buyers
– Application: Fully electronic via authorized agents, stockbrokers, and digital platforms
Proceeds will fund priority infrastructure in energy, roads, water, irrigation, and airports, supporting Kenya’s fiscal goals amid strong NSE momentum – with market cap surpassing KES 3 trillion in late 2025.
This KPC IPO 2026 represents a milestone in Kenya’s capital markets evolution, boosting liquidity and citizen participation in national growth.
Investors are urged to act fast – this is your chance to own a slice of Kenya’s energy future.
