The initial public offer (IPO) of shares by Kenya Pipeline Company (KPC) is testing the appetite of Ugandan oil and gas distributors, as concerns over valuation weigh on investor interest.
The IPO closes on February 19, 2026, with trading scheduled to begin on the Nairobi Securities Exchange (NSE) on March 9. KPC is offering 65 percent of its shares to the public, retaining a 35 percent government stake. The offer price is Ksh9 ($0.07) per share, with 11.8 billion shares available.
