The Kenyan government's plan to sell a controlling stake in Kenya Pipeline Company (KPC) through an Initial Public Offering this September is poised to be the most consequential capital markets event since Safaricom's historic debut 17 years ago.
The transaction will see 65 percent of the state-owned energy logistics monopoly offered to the public, raising an expected Sh100 billion – about $1.15 billion – and valuing the company at approximately Sh154 billion.
