By Ken Muthomi - Reporter
Kenya, April 23, 2026 - The National Treasury removed the Kenya Pipeline Company from the list of National Government owned entities.
This is after the government completed the Initial Public Offering (IPO) which has seen 65 percent of the company sold to the public, while the government retains 35 percent.
In a special gazette notice on Thursday, the Treasury Cabinet Secretary John Mbadi and the Acting CEO of the Privatisation authority, Jane Rose Omondi said that the revocation was made in line with the Privatisation act.
“PURSUANT to section 53 of the Privatization Act, 2025, it is notified for the general information of the public that the privatization of Kenya Pipeline Company Limited (now known as Kenya Pipeline Company PLC) has been finalised,” Omondi said.
“The Company was incorporated, by the Government of Kenya, in 1973 as a private limited liability company and commenced commercial operations in 1978. In connection with its proposed privatisation by way of an Initial Public Offer, the Company wa converted into a Public Limited Company in Jamaary, 2026,” she added.
The cabinet gave a greenlight to the partial privatisation of the Kenya Company (KPC) on July 29, 2025.
President William Ruto’s administration mainiatinedthat the privitisation of the company attract private investment, boost efficiency, and modernize operations of the company.
The Head of State said that public investment would help the company raise funds for regional expansion and diversification into products like LPG, as well as raise Ksh100 billion to support the budget and reduce state debt.
The company was officially listed at the Nairobi Securities Exchange (NSE) on March 10, 2026. Trading kickstarted following a successful Initial Public Offering (IPO) that was 105.7 percent oversubscribed.
Local investors acquired the largest share of the company at 41 percent, while East African Community (EAC) investors, including the Uganda National Oil Company, secured 21.22 percent.
Retail investors took up 2.56 percent, Kenya Pipeline Company employees received 0.006 percent, foreign investors accounted for 0.02 percent, and oil marketers acquired 0.014 percent.
More from Kenya