The Government has announced plans to conclude the privatization of the Kenya Pipeline Company (KPC) by March 2026, paving the way for Kenyans to own shares in one of the country’s most profitable state corporations.
According to a notice issued by the Privatization Commission, the move follows approvals by both the Cabinet and the National Assembly under the Privatization Act of 2005, effectively setting the stage for the sale of a majority stake in KPC through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE).
“Following the approval of the Privatization Method for the Kenya Pipeline Company (KPC) Limited by the Cabinet, the subsequent tabling of the requisite report before the National Assembly, and the approval thereof on October 1, 2025, the Privatization Commission hereby gives notice of the approved transaction,” read part of the statement.
Under the plan, the government will sell 65 percent of its shareholding in KPC, a transaction expected to raise over Sh100 billion. The state will retain a 35 percent stake after the IPO.
KPC, a strategic energy infrastructure company, is responsible for transporting and distributing petroleum products across Kenya and to regional markets including Uganda, Rwanda, Burundi, South Sudan, and parts of the Democratic Republic of Congo. The firm is currently owned by the National Treasury (99.9%) and the Ministry of Energy and Petroleum (0.1%).
The planned listing aims to enhance transparency, improve corporate governance, and promote public participation in managing strategic national assets.
It also aligns with the government’s broader agenda to reform state-owned enterprises and open new investment opportunities for Kenyan citizens.
