Why Kenya Pipeline Company is being listed on NSE through IPO
The government is exploring the listing – through an Initial Public Offering – the Kenya Pipeline Company (KPC) on the Nairobi Stock Exchange.
The National Treasury Cabinet Secretary John Mbadi says: “We have this feeling that KPC needs to realise the benefits that will accrue from a listing at the Stock Exchange.”
Mbadi cited Safaricom and KenGen as among the corporates that have reaped huge benefits from listing at the Nairobi Stock Exchange.
“Listing will be a good idea especially as KPC expands into the region because it will provide much-needed liquidity and capital for expansion and diversification into LPG, Kenyans will have a chance to own a piece of KPC,” said National Treasury Cabinet Secretary.
He made the remarks while receiving an interim dividend cheque of Ksh 3 billion from KPC Board Chairperson Faith Boinett for the half-year ending December 2024 at the Company’s headquarters in Nairobi.
The dividend payment brings the total dividends paid by KPC to The National Treasury in the last 12 months, to Ksh 10.5 billion.
