The full privatization of the Kenya Pipeline Company (KPC) will be completed by March 31, 2026, according to a public notice issued by the Privatization Commission on Tuesday, October 14, 2025.
privatization Commission Chairman Faisal Abass announced that the move follows the National Assembly’s approval of the privatization of KPC Limited through an Initial Public Offering (IPO) on the Nairobi Securities Exchange (NSE).
Abass said the privatization presents a strategic opportunity to unlock KPC’s full potential while ensuring broad national benefits. He noted that the process will enable the government to raise funds for the 2025/2026 financial year, which are required to implement key economic and social programs.
He said the privatization will empower ordinary Kenyans to own a stake in one of the country’s most profitable and strategic enterprises, promote inclusive economic growth, and strengthen transparency and corporate governance through stock exchange listing and regulatory oversight.
He added that the process is designed to enhance operational efficiency and innovation within KPC. Proceeds from the IPO will go toward supporting national development priorities, reducing the country’s reliance on borrowing, and deepening Kenya’s capital markets.
Abass further explained that the move balances economic empowerment, national interests, and institutional modernization, ensuring long-term benefits for both the public and the wider economy.
The Kenya Pipeline Company was incorporated on September 6, 1973, under the Companies Act (Cap 486) and began operations in 1978. Its core business involves the safe and efficient transportation of petroleum products including Motor Spirit Premium (MSP), Automotive Gas Oil (AGO), Jet A-1, and Illuminating Kerosene (IK).
KPC plays a vital role in supporting Kenya’s economic growth and regional trade by maintaining a reliable supply of fuel across the country and to neighbouring nations such as Uganda, Rwanda, Northern Tanzania, Burundi, South Sudan, and parts of the Democratic Republic of Congo.
Currently, KPC is wholly owned by the Government of Kenya, with 99.9 percent of its shares held by the National Treasury and 0.1 percent by the Ministry of Energy and Petroleum.
“The expected closing date for the transaction is March 31, 2026,” Abass confirmed.
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