The privatization of the Kenya Pipeline Company has been officially finalized, marking a major shift in the ownership and governance of one of Kenya’s key state-linked infrastructure firms.
In a gazette notice issued on Thursday, April 22, 2026, the Acting Chief Executive Officer of the Privatization Authority confirmed the conclusion of the process under the Privatization Act, 2025.
“In 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 (now Kenya Pipeline Company PLC) has been finalized,” the notice read.
The Kenya Pipeline Company (KPC) was incorporated by the Government of Kenya in 1973 as a private limited liability company and began commercial operations in 1978. Ahead of its privatization through an Initial Public Offer (IPO), the company was converted into a public limited company in January 2026.
The National Treasury has also formally revoked KPC’s status as a state entity, effectively ending its classification as a National Government Entity under the Public Finance Management Act. Treasury Cabinet Secretary John Mbadi signed the legal notice on April 22, 2026, through a special gazette notice.
The notice stated that the revocation was made under provisions of the Public Finance Management Act and related regulations, following the company’s transition to partial private ownership.
The move follows the successful listing of KPC shares on the Nairobi Securities Exchange (NSE), where 65 percent of the company was sold to Kenyan investors and institutions. Trading on the Main Investment Market Segment began on March 10, 2026.
The government, through the National Treasury, now retains a 35 percent stake in the company, down from full ownership since its establishment.
With the change, KPC will no longer be fully subject to public finance management rules governing state corporations, placing it under a more commercial governance framework as a publicly listed company.
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