President William Ruto has announced that the Kenya Pipeline Company (KPC) will be listed at the Nairobi Securities Exchange (NSE) starting in January, opening the door for public ownership of one of the country’s most strategic state corporations.
Speaking during a public engagement in West Pokot County, the President said the listing will allow Kenyans to buy shares in KPC and trade them at the NSE.
He noted that the plan is aimed at ensuring ordinary citizens, including small investors, are able to participate in the offer and benefit from the company’s growth.
“We have said the shares will be sold to everyone. Even if you have Ksh 200 or Ksh 300, come and buy, so that when profits are announced, you are part of it. You take your share and use it to grow your business.”
Ruto said the move will also improve transparency and governance at KPC. Once listed, the company will be required to comply with capital markets regulations, including the regular publication of audited financial statements and other disclosures required of publicly traded firms.
The National Assembly approved the privatisation of KPC late last year through Sessional Paper No. 2 of 2025, which sets out the government’s privatisation programme.
Under the plan, the State will sell 65 per cent of its shares to the public while retaining a 35 per cent stake to protect its strategic interests.
Government projections show that the sale of KPC shares could raise about Sh100 billion. The funds are expected to help bridge budget shortfalls as the government looks to reduce borrowing and widen its sources of revenue.
KPC is responsible for transporting and storing petroleum products across Kenya. The company operates a pipeline network linking the port of Mombasa to major towns, making it a key player in ensuring steady fuel supply across the country.
The planned listing is part of a broader push by the government to revive privatisation and deepen Kenya’s capital markets. If completed as planned, the KPC offer could rank among the largest public listings at the NSE, attracting interest from both individual and institutional investors.
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