NAIROBI, Kenya — The Capital Markets Authority (CMA) has approved a three-day extension of the Kenya Pipeline Company (KPC) Initial Public Offering (IPO), originally scheduled to close on 19th February 2026 at 5 p.m.
The offer will now remain open until Tuesday, 24th February 2026, at 5 p.m., while all other terms and conditions of the offer remain unchanged.
The extension follows feedback from retail investors during recent public participation and stakeholder engagement forums conducted as part of the government’s privatisation programme.
Many investors expressed the need for additional time to participate in the offer.
The government aims to expand domestic share ownership and foster inclusive participation in Kenya’s capital markets, making the limited extension aligned with public policy and supportive of broader retail investor inclusion.
Speaking on the extension, acting Privatization Authority Managing Director Dr. Janerose Omondi said: “The extension is aimed at ensuring broader participation and will provide investors adequate time to finalize their investment decisions in line with our commitment to inclusivity and transparency.”
Investors who have already submitted valid applications are not required to take further action.
New applications can be submitted through stockbrokers, investment banks, authorized selling agents such as banks, or via the KPC IPO portal at www.kpcipo.e-offer.app or by dialing 483816#.
The announcement of allocation results is scheduled for 4 March 2026, followed by electronic crediting of shares to CDS accounts and processing of refunds by 6 March 2026.
Trading of KPC shares on the Nairobi Securities Exchange (NSE) will commence on 9 March 2026.
The extension comes shortly after the CMA authorized integration of electronic CDS account opening into the KPC IPO platform, enhancing convenience and participation.
Dr. Omondi noted, “The KPC IPO is about democratizing ownership of one of Kenya’s strategic national assets. By leveraging digital platforms, we are making participation in capital markets simpler and more equitable.”
The KPC IPO marks a major milestone in Kenya’s capital markets evolution and broader public engagement in the transformation of state-owned enterprises.
The offer provides retail investors, institutional investors, KPC employees, Oil Marketing Companies, citizens of the East African Community, and international investors a unique opportunity to invest in East Africa’s most strategic energy infrastructure company.
KPC operates 1,342 kilometres of pipeline and storage infrastructure, giving it a strategic footprint across the region.
Backed by a strong earnings base, the company offers investors exposure to a profitable and well-positioned enterprise that is central to Kenya’s energy security and regional economic growth.
