The Lower Eastern Times Opening The Third Eye
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President William Ruto has revealed that the Kenya Pipeline Company (KPC) will soon be listed on the Nairobi Securities Exchange (NSE), pending Cabinet and Parliamentary approvals.
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Speaking during a bell-ringing ceremony at the NSE to celebrate the listing of the Linzi 003 Infrastructure Asset-Backed Security, Ruto said the listing is part of a wider government initiative to enhance transparency and efficiency in State-owned enterprises.
Once listed, KPC will become one of the few successful State-run companies trading on the NSE, alongside names such as Safaricom, KenGen, and KCB.
The President lamented the country’s stagnation in privatisation efforts, noting that Kenya hasn’t privatised a single enterprise in more than ten years—unlike neighbouring countries which have moved decisively to open up their economies.
At the same event, Ruto applauded the successful listing of the Linzi 003 bond, issued by Linzi Finsco 003 Trust under Liaison Group. The bond raised over Sh44 billion for the construction of Talanta Sports City Stadium—the first major international stadium project in Kenya in over 40 years.
He described the facility as a state-of-the-art complex designed to support global sports events, grow local talent, and restore Kenya’s position as a leading sports nation.
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Ruto also highlighted the recent strong performance of the NSE, which now boasts a market capitalisation of Sh2.5 trillion. He attributed the growth to renewed investor confidence driven by sound government policies.
Referencing his recent trip to London, the President said that firms including Lloyd’s of London, Bupa International, Africa Specialty Risk, and Africa Finance Corporation had pledged investments in Kenya—proof, he said, of international trust in Kenya’s economic agenda.
Reiterating his commitment to fulfill his 2022 campaign promises, Ruto defended his proactive leadership style, saying it was a necessary approach to meet the country’s ambitions.
“Critics may doubt me, cynics may question my truth, and naysayers may dismiss me as irrational—but what if they’re all wrong? Because they are,” he declared.
Among those present were Treasury CS John Mbadi, Defence CS Soipan Tuya, NSE Chair Kiprono Kittony, Liaison Group CEO Tom Mulwa, and other financial sector leaders.
