The Kenya Pipeline IPO will be the region's biggest, surpassing the 2008 Safaricom offering which raised just over Sh50 billion.
The sale of a 65 percent stake in KPC is part of the Treasury's drive to divest from State companies.
Burdened by high national debt, limited room to raise taxes and annual loan repayments that consume 40 percent of government revenues, the State has turned to new funding models.
Kenya Pipeline Company's (KPC) initial offering has been extended by three days as the State-owned firm struggles to hit its sale target of Sh106.3 billion.
The Capital Markets Authority (CMA) approved the extension of the offer, which was initially set to close today, to Tuesday February 24, 2026 at 5pm.
