The government has cleared the path for the partial privatization of the Kenya Pipeline Company (KPC), paving the way for its shares to be listed on the Nairobi Securities Exchange (NSE). The move marks a significant step in the country’s renewed push to restructure state-owned enterprises.
Highlights:
- Kenya Pipeline Company to be partially privatized
- Government approves KPC’s re-entry into privatization programme
- KPC shares to be floated on the Nairobi Securities Exchange
- Strategy aims to boost efficiency and raise capital
Main Story
The Kenya Pipeline Company is once again in the spotlight after receiving government approval to rejoin the privatization programme. This strategic decision is aimed at enhancing operational efficiency and unlocking new investment through the capital markets.
With the green light granted, a portion of KPC’s ownership will soon be up for grabs at the Nairobi Securities Exchange (NSE). While details on the exact percentage remain under wraps, the plan is to allow private investors a stake in one of the country’s key infrastructure entities.
Officials say the decision to partially offload KPC shares is part of a broader effort to streamline state corporations and tap into private sector innovation. Listing on the NSE not only invites public participation but also introduces stricter corporate governance and accountability standards.
KPC’s listing is expected to attract both local and foreign investors, boosting confidence in the government’s broader agenda to revitalize key parastatals. The move reflects a growing trend of opening up public assets to private capital in a bid to drive growth and sustainability.
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As Kenya opens up its state-owned giants to private ownership, will more parastatals follow KPC’s path to the trading floor?
