Kenya Pipeline to be listed on NSE through IPO this year, Ruto reveals
He described the privatisation drive as a deliberate move to boost investor confidence and expand market participation
Kenya Pipeline Company (KPC) is expected to be listed on the Nairobi Securities Exchange (NSE) before end of the year through an Initial Public Offering (IPO).
President William Ruto said the planned listing is part of a broader strategy to privatise key state-owned enterprises and attract both local and international investors.
“We plan to list the Kenya Pipeline Company through an IPO in 2025, offering investors a unique opportunity to deploy capital in one of Kenya’s most strategic infrastructure enterprises,” he said.
Speaking during the market opening ceremony at the London Stock Exchange held as part of the Africa Debate Forum, Ruto described the privatisation drive as a deliberate move to boost investor confidence and expand market participation.
“We have equally made a strategic decision to broaden Kenya’s stock market appeal to both local and international investors by earmarking key State assets for privatization through Initial Public Offerings,” he said.
He added that the government is committed to a “structured, time-sensitive programme that identifies and prepares a robust pipeline of key government assets” for listing or enhanced private sector participation.
The President used the occasion to highlight the growing role of capital markets in Africa’s economic development.
“Capital markets play a critical role as catalysts for sustainable economic growth and expanded shared prosperity across the African continent,” he said.
“They serve as efficient mechanisms for mobilizing domestic savings, attracting international capital and channeling resources into long-term investments in infrastructure, innovation, in February and industrial transformation.”
This comes after National Treasury Cabinet Secretary John Mbadi in February revealed that the government was thinking of listing KPC at the NSE through an IPO.
This was after he received an interim dividend cheque of Sh3 billion from KPC board chairperson Faith Boinett for the half-year ending December 2024.
The dividend payment brought the total dividends paid by KPC to the National Treasury in the last 12 months to Sh10.5 billion.
