NAIROBI, Kenya — 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 key milestone in the government’s drive to deepen capital markets and expand public ownership of strategic assets.
Speaking at the NSE opening ceremony, Mbadi described the KPC listing as part of broader economic reforms aimed at enhancing corporate governance in state-owned enterprises and giving Kenyans the chance to directly own public assets.
“The Kenya Pipeline Company IPO is a critical step in unlocking value from public enterprises while empowering citizens to invest in the country’s strategic infrastructure,” Mbadi said.
He added that the move aligns with the government’s commitment to transparency, efficiency, and accountability in state corporations, while also mobilising domestic capital to support national development.
Listing KPC is expected to improve market liquidity, broaden the investor base at the NSE, and provide long-term funding for the expansion and modernization of Kenya’s fuel transport infrastructure.
The company operates an extensive pipeline network transporting petroleum products across Kenya and into the East African region. NSE officials welcomed the listing, highlighting it as a boost to market confidence and a signal of the government’s intent to leverage the stock exchange for economic growth.
“This IPO reinforces the Nairobi Securities Exchange as a key engine for mobilising capital and broadening wealth creation among Kenyans,” an NSE official said.
The offering also aims to democratize investment, allowing ordinary citizens to acquire shares in previously state-owned enterprises.
The IPO will remain open for a specified subscription period, after which KPC shares will begin trading on the NSE. With the launch, the government aims to strengthen investor confidence, deepen financial inclusion, and position Kenya’s capital markets as a regional investment hub.
 IPO at NSE, opening opportunities for Kenyans to invest in strategic national assets and strengthening local capital markets.){kind=link}