The Kenya Pipeline Company (KPC) launched its Initial Public Offering (IPO) on January 19, 2026, offering investors an opportunity to buy into one of the country’s key energy infrastructure companies. The government is selling a 65 percent stake in KPC at Sh9 per share, with the subscription period set to close on February 19, 2026. Shares are scheduled to begin trading on the Nairobi Securities Exchange (NSE) on March 9, 2026.
IPO Overview
- Offer Price: Sh9 per share
- Stake Offered: 65% of ordinary shares (11.81 billion shares)
- Minimum Application: 100 shares (Sh900)
- Offer Period: January 19 – February 19, 2026
- Listing Date: March 9, 2026
- Use of Proceeds: Support priority infrastructure projects and national fiscal consolidation
- Dividend Policy: 50% of net profits, subject to reserves and liquidity
How to Apply
The Kenya Pipeline Company IPO is the first fully electronic public offering in Kenya. Investors must follow these steps:
- Open a CDS Account
A Central Depository System (CDS) account is required to hold shares. Investors without an account can register through licensed stockbrokers or investment banks. - Choose an Application Method
- USSD: Individual investors can dial *483*816# from a registered Kenyan mobile number to apply using M-Pesa.
- Online Portal: Applications can also be submitted via the official IPO portal, which provides greater flexibility and tracking.
- Make Payment
Payments can be made through M-Pesa, bank transfer, EFT, RTGS, SWIFT, or existing brokerage account balances. Investors must use their 7-digit Application Serial Number as a reference. - Receive Shares
After the offer closes, shares will be allocated. Successful applicants will have shares credited to their CDS accounts ahead of the NSE listing on March 9. Refunds will be issued for any excess payments.
Approved Banks and Payment Channels
- Co-operative Bank of Kenya
- M-Pesa PayBill: 4999915
- Bank Transfer: Account Name: Privatisation Authority – KPC IPO, Account Number: Application Serial Number, SWIFT Code: KCOOKENA
- Kenya Commercial Bank (KCB)
- M-Pesa PayBill: 522533
- Bank Transfer: Account Name: Privatisation Authority – KPC IPO, Account Number: Application Serial Number, SWIFT Code: KCBLKENX
- Stanbic Bank Kenya
- M-Pesa PayBill: 8250250
- Bank Transfer: Account Name: Privatisation Authority – KPC IPO, Account Number: Application Serial Number, SWIFT Code: SBICKENX
Key Insights
The IPO is part of the government’s privatization program, designed to raise non-tax revenue and deepen capital markets in Kenya. The offering is expected to generate approximately Sh106.3 billion. KPC transports a significant volume of fuel products annually and is considered a strategic national asset.
Despite legal scrutiny and parliamentary debate, the IPO has received approval and is among the most closely watched public offerings in Kenya this year.
Investors seeking to participate should ensure their CDS accounts are active, follow the application steps, and complete payments through approved channels before the February 19, 2026 deadline.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.