President William Ruto has announced that the government will list the Kenya Pipeline Company on the Nairobi Securities Exchange (NSE).

Speaking in London on Wednesday, July 2, Ruto stated that the listing will be done by the end of 2025.

Through the listing at NSE, Kenyans will be able to buy shares in the state-run company, which is mandated to transport, store, and distribute petroleum products from Mombasa to other parts of the country

According to the Head of State, the listing will help the company raise capital through the sale of shares.

The government is targeting both international and local investors in the move.

"We are committed to a structured, time-sensitive programme that identifies and prepares a robust pipeline of key government assets to be privatised through the stock exchange or improved through private sector participation," he announced.

"As part of this initiative, we plan to list the Kenya Pipeline Company through an IPO in 2025, offering investors a unique opportunity to deploy capital in one of Kenya’s most strategic infrastructure enterprises."

Equally, other state corporations will also be listed on the NSE as part of the reforms that are being undertaken by the government.

What It Means

Through the listing, Kenyans will be able to invest in the company through the purchase of shares.

In cases of profits, the investors will be paid dividends.

Kenya Pipeline is among the state-run corporations that recorded a profit last year. In March 2025, it declared a Ksh10 billion pretax profit.

"In the fiscal year 2023/24, KPC maintained its strong financial performance, reflecting our strategic priorities and proactive measures to address emerging challenges," KPC CEO Joe Sang announced.

"Despite the unpredictability of the business environment, our team’s diligence and innovative approach enabled us to achieve a 32% increase in profit before tax, amounting to Ksh10.0 billion for the year ending 30 June 2024, compared to Ksh7.6 billion achieved in the previous fiscal year."