The Treasury may ask Parliament to scale down its budget for the fiscal year 2025-26 if the planned sale of the Kenya Pipeline Company (KPC) collapses in the wake of a suit seeking to block the initial public offering (IPO).
The government has announced plans to sell its 65 percent controlling stake in the petroleum logistics company to the public at an estimated total price of Sh100 billion, potentially becoming the largest IPO in almost 17 years after the Safaricom listing in 2008.
