Send offers: Govt invites Kenyans to buy 11.8b KPC shares at KSh 9 each

Key Takeaways

• The Kenyan government has unveiled a plan to sell 11.8 billion shares (a 65% stake) in Kenya Pipeline Company (KPC) at KSh 9.00 per share, valuing the company at KSh 163.6 billion.
• The Initial Public Offering (IPO) is part of the government's 'Unlocking Value, Enhancing Productivity' agenda and is managed by Faida Investment Bank.
• KPC exhibits strong financial health, reporting pre-split Earnings Per Share (EPS) of KSh 412.2 and Dividend Per Share (DPS) of KSh 324.7 for the year ending June 2025.
• The share offer opens on January 19, 2026, closes on February 19, 2026, and shares are expected to commence trading on the Nairobi Securities Exchange (NSE) on March 9, 2026.
• This significant corporate event is viewed as a crucial test of investor confidence in the government's privatisation program and the capacity of Kenya's capital markets.