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Sh3 billion windfall for advisers in KPC stake sale
From left: Kenya Pipeline Company Managing Director Joe Sang, Public Investments and Portfolio Management Director General Lawrence Kibet, Image Registrars CEO Abdulhaleem Mohamed, Privatization Authority Managing Director and CEO Dr Janerose Omondi and Faida Investment Bank Lead Transaction Advisor Dr Belgrad Kenne during the Kenya Pipeline Company initial public offering (IPO) media roundtable at Sarova Stanley Hotel, Nairobi on January 20, 2026.
Transaction advisers and other agencies facilitating the ongoing Kenya Pipeline Company (KPC) initial public offering (IPO) are in line for a Sh3 billion fees windfall, highlighting the lucrative payday accruing to intermediaries who arrange large capital market deals.
The fees, to be paid from the government’s gross proceeds of Sh106.31 billion from the sale of a 65 percent stake in KPC, will be shared among a variety of firms, including receiving banks, stockbrokers, investment banks and a shares registrar.
