The Treasury targets to raise Sh100 billion from the sale of a stake in Kenya Pipeline Company (KPC) via an initial public offering (IPO) on the Nairobi Securities Exchange (NSE), it said in a disclosure to the National Assembly, potentially making it the largest issuance in the region since 2008 when Safaricom netted Sh52 billion.
The government plans to list KPC on the NSE before the close of 2025, with the Treasury indicating that it is considering offloading a 65 percent stake to private investors.
