Ruto announces Kenya Pipeline IPO will be accessible to Kenyans via mobile phones
By Ndiritu Wanjiru, February 10, 2026President Ruto has announced that the Government will allow Kenyans to buy the Kenya Pipeline Company Limited (KPC) Initial Public Offering (IPO) at the Nairobi Securities Exchange through their phones.
Ruto has said that this will mark the country’s largest IPO and the first fully electronic public offer in Kenya’s capital markets history.
Speaking at the launch of the Safaricom Ziidi Trader program by Safaricom on Tuesday, February 10, 2026, President William Ruto has framed the platform as part of a wider effort to democratise access to financial markets and investment opportunities.
“This platform represents a decisive turning point in how citizens engage with the stock exchange. It opens the doors of market participation wider than ever before, dismantling long-standing barriers that have locked out many willing investors, and bringing opportunities closer to all citizens,” Ruto said.
Launch of the Kenya pipeline company IPO
President Ruto has said that the lately launched the Kenya Pipeline Company Limited (KPC) Initial Public Offering (IPO) at the Nairobi Securities Exchange, marking the country’s largest IPO and the first fully electronic public offer in Kenya’s capital markets history.
The transaction, which offers 65 per cent of KPC’s issued ordinary shares to the public at an offer price of Ksh 9.00 per share, opens ownership of one of Kenya’s most strategic energy infrastructure assets to local, regional, and international investors.
He has stated that this also represents the Government’s first state-led market listing in 17 years, following the Safaricom IPO of 2008.
He added that IPO aligns with the Government’s broader economic agenda aimed at strengthening macro-economic stability, reducing the burden on taxpayers, and de-risking public investments through market-driven reforms.
Proceeds from the offer will be applied within the national budget framework as seed capital for priority national infrastructure, strategic investments, and fiscal consolidation.
Transformation of Kenya Pipeline IPO to people-owned enterprise
Anchored by KPC’s strong fundamentals, including revenues of Ksh 38.6 billion and after-tax profits of Ksh 10.37 billion for the financial year ended June,30,2025, and supported by its 1,300-kilometre pipeline network that underpins national energy security and regional trade, the IPO marks a defining step in transforming a profitable state enterprise into a people-owned company while strengthening long-term economic resilience.