Government sets deadline for completion of Kenya Pipeline privatization
The government has set March 31, 2026, as the completion date for the privatization of the Kenya Pipeline Company (KPC).
The government has set March 31, 2026, as the completion date for the privatization of the Kenya Pipeline Company (KPC).
In a notice on Thursday, October 9, Privatization Commission Chairman Faisal Abass confirmed that the process has cleared all major procedural and legal hurdles following cabinet and parliamentary approvals.
“Following the approval of the Privatization Method for the Kenya Pipeline Company (KPC) Limited (hereinatter referred to as the Company) by the Cabinet, the subsequent tabling of the requisite Report in the form of a Sessional Paper before the National Assembly by the Cabinet Secretary for the National Treasury and Economic Planning, and the approval thereof by the National Assembly on 1st October 2025, and in accordance with the provisions of Section 30 of the Privatization Act, 2005, the Privatization Commission hereby gives notice of the approved transaction,” the notice read.
According to Abass, the objectives of the privatization include ensuring that the process delivers both economic and social impact while promoting wider participation in Kenya’s capital markets.
He said the move presents a strategic opportunity to unlock the company’s full potential while ensuring broad national benefits.
It is also aimed at enabling the government to raise funds budgeted for the 2025/2026 financial year, which are required to implement key economic and social objectives.
Additionally, the plan seeks to empower ordinary Kenyans to own a stake in one of the country’s most profitable and strategic enterprises, thereby promoting inclusive economic growth and strengthening transparency and corporate governance through stock exchange listing and regulatory oversight.
Abass added that the privatization is also expected to enhance operational efficiency and drive innovation within the company.
Pastor Ng’ang’a responds to MP Passaris after calling for his arrest
Ex-KDF soldier recruited to join Russian military goes missing
SHA integrates mental health into National Insurance Benefits
Cristiano Ronaldo becomes first dollar billionaire footballer – Bloomberg
He explained that proceeds from the transaction will support critical development priorities, reduce reliance on borrowing, and deepen Kenya’s capital market.
The process, he said, is also designed to balance economic empowerment, national interest, and institutional modernization in a way that benefits both the public and the wider economy.
Abass further confirmed that the transaction would be executed through the stock market, allowing Kenyan citizens and institutions to buy shares directly.
“In compliance with Section 25 (a) of the Privatization Act, 2005, the National Assembly has approved the privatization of Kenya Pipeline Company (KPC) Limited through an Initial Public Offer (IPO) of shares on the Nairobi Securities Exchange (NSE),” the notice added.
While approving the return of Kenya Pipeline to the privatisation programme, the Cabinet said the move is part of a policy shift by the government to reduce direct involvement in commercial enterprises and instead let private players take the lead.
The Cabinet noted that although KPC is profitable, it is yet to achieve its full market potential due to management challenges in the public sector.
Court of Appeal upholds law on sharing matrimonial property based on contribution ‘No 50:50’
SHA issues notice to all Kenyans over hospital bills
Burkina Faso junta detains NGO workers for ‘spying’
KUCCPS sends notice to universities to submit courses for 2026 placement
Follow us
