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The decision, made during a Cabinet meeting on July 29, 2025, reinstates KPC into the government’s privatization programme and clears the path for a landmark listing on the Nairobi Securities Exchange (NSE) targeted for September.
The Cabinet has given formal approval for the partial privatization of Kenya Pipeline Company (KPC), marking a major step towards the long-awaited initial public offering (IPO) of the state-owned energy utility.
The decision, made during a Cabinet meeting on July 29, 2025, reinstates KPC into the government’s privatization programme and clears the path for a landmark listing on the Nairobi Securities Exchange (NSE) targeted for September.
The move comes just a week after President William Ruto, speaking at the NSE, confirmed plans to list KPC by September 2025.
The Cabinet’s approval signals a significant policy shift by reducing direct state involvement in commercial enterprises and enabling the private sector and professional managers to drive growth, efficiency, and innovation.
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KPC, a critical player in Kenya’s fuel and energy logistics, has a strong profitability record and a significant asset base. However, the company has struggled to reach optimal market value due to bureaucratic constraints and public sector inefficiencies, according to the Cabinet statement.
