Kenya launches state oil pipeline firm IPO, eyes $824 million
ReutersJan 19, 2026 9:34 AM
NAIROBI, Jan 19 (Reuters) - Kenya began selling a 65% stake in its state oil pipeline firm on Monday, officials said, looking to raise 106.3 billion shillings ($824.67 million) in East Africa's biggest ever initial public offering.
Ownership in Kenya Pipeline Company will be sold for 9 shillings per share, the offer documents showed, in the sale that will run until February 19 and is expected for the shares to list on March 9.($1 = 128.9000 Kenyan shillings)
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