The Lower Eastern Times Opening The Third Eye
Related Articles
Capital Markets Authority has approved a three-day extension of the Kenya Pipeline Company Initial Public Offering (IPO), pushing the closing date to February 24, 2026, at 5 p.m.
The offer, which had been set to close today at 5 p.m., will now remain open for an additional three days. Authorities confirmed that all other terms and conditions of the IPO remain unchanged.
Click here to join our WhatsApp Channel
The extension follows public participation forums held under the government’s privatisation programme, where several retail investors requested more time to subscribe to the offer.
The government said the move supports its goal of broadening local share ownership and increasing participation in the capital markets.
Announcing the decision, acting Managing Director of the Privatisation Authority Dr Janerose Omondi said the additional time is intended to promote inclusivity and transparency in the privatisation process, giving investors sufficient opportunity to finalise their decisions.
Investors who have already submitted valid applications will not need to take further steps.
Fresh applications can be lodged through stockbrokers, investment banks and authorised selling agents, including banks. Investors may also apply via the KPC IPO online portal or through the designated mobile short code.
According to the revised IPO timetable, share allocation results are expected on March 4. This will be followed by electronic crediting of shares to Central Depository System (CDS) accounts and processing of refunds by March 6.
Trading of KPC shares on the Nairobi Securities Exchange is scheduled to commence on March 9.
The extension comes shortly after the CMA approved the integration of electronic CDS account opening into the KPC IPO platform, a move aimed at simplifying account registration and boosting investor participation.
Dr Omondi said the IPO forms part of broader efforts to expand access to capital markets and encourage shared ownership of key state assets, noting that digital platforms are helping make the process more accessible and equitable.
Officials described the KPC IPO as a significant step in strengthening Kenya’s capital markets and enhancing public involvement in the reform of state-owned enterprises.
The offer is open to retail and institutional investors, KPC employees, oil marketing companies, East African Community citizens and international investors.
Kenya Pipeline Company operates a pipeline and storage network stretching more than 1,000 kilometres across the region and plays a critical role in transporting and storing petroleum products in Kenya and the wider East African region.
The government said the firm’s strategic position, solid earnings and importance to energy security make it an appealing investment opportunity for those seeking exposure to essential infrastructure supporting regional growth.
Prospective investors have been advised to consult the IPO prospectus available on official government and company websites, as well as through the IPO portal, for further details.
